DENVER–Hundreds of leaders in the area commercial real estate areexpected to gather today to honor one of the area’s pioneers, Walter A. Koelbel Sr. Koelbel is being honored by the University of Colorado for his 60-year relationship with CU in Boulder.

The celebration will be held in the Wells Fargo atrium lobby Downtown. Koelbel’s 52-year-old company is currently developing the 1,100-acre Rendezvous community in Granby, near Winter Park. The company also developed the 540-acre Preserve at Greenwood Village; the 450,000-sf Centennial Promenade power center at County Line Road and Interstate 25 across from the Park Meadows regional mall; and is the developer of the large Centennial Valley commercial property at US 36 and McCaslin, which it bought from Homart Development, the former development arm of Sears Roebuck & Co. in 1999. The company also developed the Breakers in southeast Denver, the first resort-style apartment community in the metro area.

Koelbel came to Colorado by happenstance. After graduating from high school in Michigan during World War II, he enlisted in the Navy. He was supposed to be sent to Northwestern University in Evanston, IL, but instead his orders were rescinded and he was sent to CU. At first he was disappointed, but when he first laid eyes on the Flatirons mountains in Boulder, he knew he had found his home.

At CU, he has chaired several boards, including the Macky Auditorium Renovation. He also helped to establish the CU Real Estate Center and he recently aided in the transfer of the University Improvement Corp. to the University of Colorado Real Estate Foundation. The improvement corporation’s role is to acquire properties that can financially benefit the university. The company is now run by his son, Buz, who graduated from CU in 1974.

Also at the celebration, the CU Real Estate Center will honor Randy Nichols’ Clayton Lane mixed-use project in Cherry Creek, which contains the world headquarters for the Janus family of mutual funds; the first JW Marriott hotel in Colorado; retail, including a soon-to-open Crate & Barrel, and some of the most expensive condominiums in Denver.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.