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Apartments Under Construction at Canyonside Master Planned Community in Castle Pines

1 Comment / Construction, Development, Multifamily /

Denver-based BMC Investments (BMC) has commenced construction on Canyonside Apartments, a new, 325-unit multifamily community located within Canyonside at Castle Pines, the mixed-use neighborhood within the Canyons master planned community in Castle Pines. The property will be one of the only rental options in the community and are expected to deliver in summer 2023. BMC Investments’ partner on the project is Rockpoint, a premier […]

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Three-Building Retail Asset in Westminster Sells for $9.85M

Leave a Comment / Brokerage, Retail /

A retail portfolio comprising three inline shop buildings located within the Westminster Crossings shopping center in Westminster has sold for $9.85 million. Totaling 28,705 square feet of gross leasable space, the multi-tenant asset is 100 percent leased to a strong roster of national and regional tenants. The buyer was Colorado-based Coco’s Place, LLC, which acquired

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Denver Downtown + Southeast Office MarketView Q2

Leave a Comment / Construction, Development, Office, Reports /

CBRE has newly released two research reports, Denver Downtown Office MarketView Q2 2021 and Denver Southeast Office MarketView Q2 2021. Fundamentals in the downtown Denver office market exhibited slight improvement and office fundamentals in the Southeast submarket flattened as the COVID-19 pandemic endures. Downtown Summary: Negative net absorption of 157,830 sq. ft. was recorded during Q2

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38-Unit Denver Apartment Property Sells for $10.1M

Leave a Comment / Brokerage, Multifamily /

Pinnacle Real Estate Advisors, LLC announced the sale of Cherry Street Apartments located at 831 and 861 North Cherry Street in the Hale neighborhood of Denver. The 38-unit property, built in 1948, recently sold for $10,150,000; $267,105 per unit and $379.30 per square foot. Robert Lawson, principal, represented the unnamed buyer in the transaction. The turn-key property,

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Central Park Urban Living Condos Welcomes Residents

Leave a Comment / Affordable Housing, Condominium, Development, Events, Transit /

On July 14, a Grand Opening event was held to welcome new residents to the Central Park Urban Living Condos, the first 100 percent affordable condominium project developed in Colorado since the state’s condominium legislation was passed. The 132 unit transit oriented condo project, developed by Northeast Denver Housing Center (NDHC), gives households in Denver the

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CREW Denver Holds Mid-Year Economic Forecast

Leave a Comment / Construction, Development, Events, Hospitality, Industrial, Multifamily, Office, Rent, Reports, Retail /

On July 14 CREW Denver held its Mid-Year Economic Forecast and happy hour at the University of Denver Knoebel Events Center. Patty Silverstein, president and chief economist of Developmental Research Partners, gave her economic forecast for 2021 which included trends in the commercial real estate and construction industry. Silverstein shared a presentation about tracking the great

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Common Questions About Commercial Solar Energy

2 Comments / Development, Energy, Feature, Sponsored Content /

By John Shaw An increasing number of businesses are boosting cash flow while also differentiating their business. They are investing in solar to capture waning tax benefits, reduce operating expenses (OpEx), and meet environmental, social and governance (ESG) criteria. Navigating the complexities of a solar capital energy improvement can be challenging, so we’ve answered some of the most

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Vail’s Westin Riverfront Resort & Spa Unveils $1.5M Lobby & Outdoor Space Renovation

Leave a Comment / Design, Hospitality, Renovation /

The Westin Riverfront Resort & Spa Avon, Vail Valley recently completed a $1.5 million refresh of its lobby, front desk and outdoor spaces, including new terrace furniture and fitness equipment. With a grand three-story glass wall highlighting the resort’s stunning view of Beaver Creek Mountain, The refreshed Westin Riverfront lobby offers a stylish & comfortable mountain

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PMG and Greybrook Realty Partners Acquire 123 Speer Blvd for $35M

Leave a Comment / Brokerage, Construction, Development, Multifamily /

A joint venture between national investment, development, and asset management firm PMG and Toronto-based private equity and asset management firm Greybrook Realty Partners, announced last week that they have purchased the Denver7 building on the 2.3 acre site at 123 Speer Blvd. for $35 million. PMG and Greybrook will develop Society Denver, a 600-unit mixed-use project

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Groundbreaking: Parterre Master-Planned Community in Thornton

7 Comments / Construction, Development, For Sale, Multifamily, Retail /

Hines and partner Trez Capital have broken ground on Parterre, a new master-planned community in Thornton that will include for-sale single family, paired homes and multifamily units, as well as a mix of commercial and retail uses. Spanning across nearly 800 acres, the development will feature nearly 3,000 residential homes in total. Parterre will also

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