Colorado just lost its largest publicly traded company. In February 2026, Palantir Technologies, a $300 billion AI and software firm that had called Denver home since 2020, announced it was moving its headquarters to the Miami area. The announcement came without advance notice to the governor, the mayor, or anyone else in state government. Just a single post on X.
That kind of exit deserves more than a headline. For business owners in Denver, it raises a question worth sitting with: what does this signal about the environment we are all operating in?
Over the past several years, the office market has experienced one of the most dramatic shifts in commercial real estate history.
You’ve probably seen both headlines:
Employees are returning to the office.
Office demand is still down.
Both are true at the same time.
Across many markets, office attendance has steadily improved compared to the lows during the pandemic and in subsequent years. Most companies now operate with some form of in-office expectation, often three to four days per week. Yet despite more people showing up to the office, leasing activity still feels slower than it did before 2020.
So, what’s going on?
The short answer is this: companies are back in the office, but they are using space very differently.
Fountainhead Commercial founder, Lowrey Burnett, CCIM, just represented another 1031 Exchange buyer & successfully closed the transaction.
The client, a California-based family investor, acquired a Single-Tenant-Net-Leased (STNL) retail asset valued at $2.525 million.
Property had a 15-year lease in place with a national-credit QSR retailer.
Client’s goals of (1) deferring 100% of their capital gains tax liability & (2) creating a durable, long-term income stream was achieved with this purchase.
Across the country, a quiet transition is taking place. Farmers, ranchers, and multi-generational landowners are selling agricultural land that has been in families for decades. In many cases, the decision is not driven by market timing or speculation. It is driven by age, succession, economics, and practicality.
Lowrey Burnett, CCIM with Fountainhead Commercial recently represented a 1031 Exchange buyer & successfully closed the transaction.
The buyer, a Texas-based investor, purchased the property near Ft Myers, FL valued at $2.25 million.
Property had a long-term lease in place with a national-credit auto parts retailer.
Client deferred 100% of their capital gains tax liability with this purchase.
Completing a 1031 exchange is one of the most effective tools available for deferring capital gains taxes after selling investment real estate. While the IRS tax code outlines strict timelines and compliance requirements, most investors quickly learn that the real challenge is not the mechanics of the 1031 Exchange — it’s choosing the right replacement strategy.
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Denver, CO
