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Developers Announce Workforce Housing Project in Five Points

Affordable Housing, Development, Transit, Workforce Housing /

The Denver Cultural Property Trust (DCPT), a 501(c)(3) organization dedicated to acquiring and operating properties that benefit the cultural enterprise of the greater Denver Metropolitan Area, has acquired a 12,600-square-foot vacant lot located at 2510 Welton Street in the historic Five Points neighborhood. The purchase was facilitated by Denver-based, minority-owned real estate developer Goshen Development and Continuum Partners, which specializes […]

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JLL Facilitates $73M Funding for Apartments in Avon

Construction, Development, Finance, Multifamily /

JLL Capital Markets has secured $73 million in construction financing from Bank OZK for Traer Creek Apartments, a 242-unit, class A, podium multi-housing development in Avon. JLL represented the borrower, Prime West and Columnar Investments in the transaction. With construction scheduled to finish in 2026, Traer Creek Apartments will feature a distinctive four-over-one design that combines

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DIA Completes $220M Concourse A Expansion

Construction, Development /

Denver International Airport (DEN) is celebrating the opening of its latest gate expansion area. Earlier this month, DEN and Denver-based Frontier Airlines fully opened a 120,000-square-foot re-modeled and expanded area of Concourse A. The new $220 million ground boarding facility, located on the eastern edge of the concourse, was completed on time and within budget.

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Denver Crane Count Holds Steady, While Construction Costs Increase

Construction, Development, Reports /

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report, providing an eye-opening perspective on the North American construction industry in 14 key markets. The latest RLB quarterly cost report, with data current to mid-Q3 2024, shows that the national average increase in construction costs was 1.07 percent, the lowest it’s

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Mercy Housing Mountain Plains Receives $75K Affordable Housing Grant

1 Comment / Affordable Housing, Development, Renovation /

Mercy Housing Mountain Plains has been presented with $75,000 from the Wells Fargo Foundation for indoor and outdoor improvements at three communities in Colorado; Springfield Court in Fort Collins along with Francis Heights and Grace Apartments, both in Denver. Staff and residents also teamed up with Wells Fargo volunteers for a day dedicated to beautifying

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Movers and Shakers Week Ending 10.04.24

Movers and Shakers /

Saunders Construction Announces Executive Leadership Promotions Saunders Construction announced this week the promotion of three outstanding team members to the executive leadership team. Derek Breier is promoted to vice president and general manager of Saunders North, Brad Marsh to chief administration officer, and Teena Bergstrand to vice president of market strategies and communications. Saunders is

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University Hills Shopping Center Sells for $56.5M

Brokerage, Investment, Retail /

KPR Centers, a New York City-based retail real estate development and investment group, has entered the Denver retail market with the $56.5 million acquisition of University Hills, a 210,000-square-foot grocery-anchored center located at 2750 S. Colorado Boulevard. The grocery-anchored asset featuring King Soopers, Michaels, Marshalls, Office Depot, PetSmart, Five Below, Ulta Beauty, Starbucks Coffee, and numerous other restaurants and retailers, was 100 percent leased and

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StorageMart Opens State-of-the-Art Facility in Silverthorne

Architecture, Construction, Development, Self Storage /

REA Development and StorageMart have officially opened a new self-storage facility in Silverthorne, which they proudly describe as one of the most advanced in the country. Located at the intersection of I-70 and Highway 9, this facility is set to become a key resource for the local community, providing secure, high-tech storage solutions in a

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NexGen Properties Acquires Racine Industrial Park

Brokerage, Development, Industrial, Investment /

Greenwood Village-based NexGen Properties, LLC has acquired an industrial building located at 6281 South Racine Circle in Centennial (“Racine”) in an all-cash transaction. The building is a 4-unit, 40,000-square-foot flex industrial building on 6.16 acres. Nick Jurgens, managing partner with Madison Commercial Properties LLC, represented NexGen in the off-market transaction. “Racine is well located in

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CBRE Facilitates Sale of Alvista Harmony in Fort Collins

Brokerage, Multifamily /

CBRE has facilitated the sale of Alvista Harmony, a 280-unit garden community in Fort Collins, to Green Leaf Partners Management, Inc. A sales price was not disclosed. Shane Ozment, Terrance Hunt, Andy Hellman, Justin Hunt, Chris Hart and Brad Schlafer of CBRE represented the seller, an affiliate of Phoenix Realty Group and its joint venture partner. Located at 2002 Battlecreek Dr., this two-

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