Mill Creek Announces Preleasing Underway at Modera Second Avenue
Why this matters
Retail has become a quiet outperformer. A decade of effectively zero new development has left necessity-driven, grocery-anchored, and Sun Belt strip product with negligible vacancy and re-leasing spreads in the high single digits. Cap rates have compressed in step, and the bid for stabilized portfolios is again broad across REITs, pension funds, and institutional core-plus capital. Denver multifamily concessions are tightening as the 2024 delivery wave clears, and industrial along the I-25 corridor continues to find institutional bids. The asset class has effectively rerated as a defensive yield trade rather than a secularly challenged sector.
Editorial analysis · Real Estate Trail Editorial
Luxury Midrise, Steps from Cherry Creek's Premier Shopping, Dining and Green Spaces DENVER, Nov. 3, 2026 /PRNewswire/ -- Mill Creek Residential, a leading developer, owner-operator and investment manager specializing…
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