Affordable HousingBrokerageMultifamilyRetail

KeyBank Provides $49.7M in Financing for Affordable Housing Development in Westminster

WESTMINSTER — KeyBank’s Community Development Lending & Investment (CDLI) team has provided a total of $49.7 million in financing to a joint venture among Koelbel and Company, Mile High Development and Longs Peak Advisors, to support the new construction of Eaton Street Apartments, a 5-story, 118-unit affordable housing development in Westminster. Eaton Street …

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ArchitectureDesignDevelopmentMultifamilyRetail

First Residential Building Opens at 9th and Colorado Project  

DENVER — Residents have begun moving into the Theo Apartments, the first market rate residential building at 9th & Colorado, a 26-acre urban infill project at the site of the former University of Colorado Health Sciences Center in Denver.  The brand new nine-story apartment building by developer 9th Avenue (Denver) Land, LLC — a joint venture …

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BrokerageFeatureRetail

Strong Fundamentals Support Denver Retail in Overcoming Increased Headwinds

By Drew Isaac, First Vice President Investments and Ryan Bowlby, Senior Associate, Marcus & Millichap. Denver’s retail market is benefitting from healthy employment growth, rising incomes and fundamentally sound new developments. Employers in energy, telecom and IT are creating well-paying positions, leading to an increase in disposable income and a boost to local retailers. In 2017, retail …

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BrokerageRetail

7 Buildings in RiNo Sell for $50.86M

DENVER — EDENS, one of the nation’s leading retail real estate owners, operators and developers, recently announced its acquisition of nearly 120,000 square feet of retail in RiNo for $50.86 million. According to the Denver Business Journal, the buildings sold as follows: 2601 Walnut St. sold for $12,162,800. 1336 27th St. sold …

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BrokerageDevelopmentMultifamilyRetail

Land on Broadway Sells for $12M

DENVER— 99 South Broadway, a 2.36-acre land site on the northwest corner of Bayaud Avenue and Broadway in the Baker neighborhood has sold for $12M. Vancouver, Washington-based Holland Partner Group will build a 238-unit apartment community on the land that will be the first Class A residential project to be built on that …

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ArchitectureConstructionDesignFeatureRetail

Market Center Renovation Pays Homage to Denver’s Past

By Katie Rapone Urban Renaissance Group (URG), Stars Investments and City Street Investors are nearing the completion of some major renovations at Market Center, a five-story office and retail building at 17th and Market streets in downtown Denver. Seattle-based Urban Renaissance Group purchased the historic Market Center buildings for $29 …

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BrokerageIndustrialRetail

Majority of Denver’s Warehouse Inventory is Inadequate for E-Commerce, CBRE Says

DENVER — According to a new report from CBRE, momentum for additional construction of U.S. warehouses is not likely to wane because the vast majority of the country’s warehouse stock is decades old and ill-suited for the demands of e-commerce. Denver’s warehouse age is even older than the U.S. average, coming in …

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HospitalityRetail

Six Additional Retailers Announced for Dairy Block

DENVER – Six additional restaurants, retailers and bars have signed on to join Dairy Block, Denver’s vibrant new micro-district in the heart of LoDo. Developed by McWHINNEY, Sage Hospitality and Grand American, Inc., Dairy Block is the Mile High City’s newest destination where you can dine, drink and explore, an entire …

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BrokerageIndustrialOfficeRetail

CBRE Release Q1 Reports for Metro Denver’s Industrial, Retail and Office Sectors

DENVER — CBRE just released their first quarter 2018 research reports covering the office, industrial and retail sectors for the metro area. The industrial market looks exceptionally strong. Five projects delivered in Q1 2018, adding 517,547 sq. ft. of new space to the Denver industrial market. Total sales volume exceeded $400 million. Denver’s office market posted 260,889 …

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ConstructionDevelopmentEducationMultifamilyRetail

Parker’s Hess Ranch Development, Begins with $41M Sale

DENVER – The development of Parker’s first large-scale, fully integrated master-planned community has begun with the $41 million sale of Hess Ranch. Stroh Ranch Development sold Hess Ranch to JEN Colorado, an affiliate of New York-based JEN Partners. Stew Mosko of Cushman & Wakefield represented Stroh Ranch Development in selling the 1,133-acre parcel …

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