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GH Phipps Hits Construction Milestone on Higher Education Projects

Construction, Development, Education, Events, Healthcare /

GH Phipps Construction Companies continues to demonstrate its commitment to providing an exceptional building experience in the higher education sector withthe topping out of Galen College of Nursing in Aurora and the completion of Pikes Peak State College Delta Dental Oral Health Career Center in Colorado Springs. Topping Out Ceremony Held at Galen College of […]

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RLJ Lodging Trust Acquires Hotel Teatro in Denver

Hospitality, Investment, Property Management /

RLJ Lodging Trust has acquired the fee simple interest in the 110-room Hotel Teatro in Denver (the “Hotel”) for a purchase price of $35.5 million. The Hotel was redeveloped into an independent boutique lifestyle hotel following the transformational conversion of the historic Denver Tramway Company office building, built circa 1911. The hotel is expected to

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The RMR Group Acquires Denver Multifamily Property

Investment, Multifamily /

The RMR Group has acquired The Ridge at Lowry, a 240-unit garden-style apartment community located at 10000 E. Alameda Avenue in Denver, for $70 million. The property will be rebranded as ARIUM at Lowry under RMR’s consumer-focused brand, ARIUM, and will undergo extensive interior and exterior renovations. RMR has a nationwide residential investment and operating

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DPC Companies Acquires DTC Office Building, Atrium Plaza

Development, Office /

DPC Companies (DPC), a privately held, well-capitalized real estate firm specializing in acquiring and developing commercial property in Colorado, Arizona and the Rocky Mountain Region, has announced the acquisition of Atrium Plaza. Located at 5675 DTC Blvd, the building was acquired at $5,030,000 and will serve as the new headquarters for DPC Companies. “In spite of a

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Salas O’Brien Recognized for Excellence in Cold-Formed Steel Design 

Awards, Development, Engineering /

Salas O’Brien, an employee-owned engineering and technical services firm, has been recognized by the Cold-Formed Steel Engineers Institute (CFSEI) with two honorable mentions at its Design Excellence Awards for the cold-formed steel (CFS) designs of the Colorado Convention Center Expansion and Denver International Airport (DIA) Concourse B & C Expansions. Salas O’Brien received the awards during CFSEI’s annual expo and conference

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New RiNo Hotel Marks Local Real Estate Company’s First within its Hometown

Construction, Development, Hospitality /

Highside Companies, a Colorado-based real estate company, has collaborated with Choice Hotels International, Inc. to open the Cambria Hotel Denver Downtown RiNo. “We’re excited to open our first hotel within our hometown,” said Justin Roberts, chief executive officer of Highside Companies. “We’re proud that our ongoing collaborations with Choice Hotels have added another great property to the Cambria Hotels

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Movers and Shakers Week Ending 08.02.24

Movers and Shakers /

Newmark Strengthens U.S. Capital Markets Presence in the Rocky Mountain Region with Strategic Hire Tim Richey Newmark has hired Tim Richey as executive vice chairman, Capital Markets, to focus on office and multifamily sales throughout Colorado and the surrounding region. Richey, one of the most respected and prolific institutional office capital markets brokers in the Rocky Mountain Region,

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Elevated Interest Rates Weigh on Residential and Nonresidential Outlays

Construction, Development, Multifamily, Office, Reports /

According to a national report from Wells Fargo Economics, construction spending continues to lose momentum as high interest rates weigh on activity. Total construction spending dropped 0.3% during June, with declines registered in both the residential and nonresidential categories. Overall construction outlays were still up 6.2% on a year-to-year basis, however, June marked the second straight

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CBRE Appointed Exclusive Sales Agent for Five Progressive Properties

Brokerage, Development, Office /

CBRE has been appointed the exclusive sales agent by Progressive for a 1.8 million-square-foot, five-site office portfolio located across Colorado, Ohio and Florida. A portion of the assets in Colorado and Florida are being offered as sale leasebacks by Progressive, who will fully occupy those buildings. CBRE’s Kevin Yates and Jamie Dunford will market the portfolio on behalf of

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Affordable Housing Project South Platte Crossing Tops Out

Affordable Housing, Architecture, Construction, Development, Events /

South Platte Crossing, an important affordable housing project, celebrated a significant milestone today with a Topping Out ceremony. Over 100 guests, including subcontractors, key project partners, and members of Alliance Construction Solutions, gathered to honor the hard work and dedication of the teams whose efforts have been pivotal in bringing this project closer to fruition.

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