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Movers and Shakers Week Ending 03.15.24

Leave a Comment / Movers and Shakers /

Pinkard Construction Promotes Jess Becerra to Senior Construction Manager Pinkard Construction announced the promotion of Jess Becerra to the position of senior construction manager.  Throughout his 16-year tenure with Pinkard, Jess has consistently demonstrated exceptional skills in collaborating with and leading project teams. This promotion recognizes Jess’s outstanding contributions to our team and his unwavering […]

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CBRE Forecasts 4.3% Increase in RevPAR Growth in Denver in 2024

Leave a Comment / Brokerage, Development, Hospitality, Reports /

CBRE is forecasting revenue per available hotel room (RevPAR) will continue to grow steadily in 2024, driven by improving group business, inbound international travel and traditional transient business demand. CBRE forecasts a 4.3% increase in RevPAR growth in Denver in 2024, with occupancy improving by 100 basis points (bps) and average daily rate (ADR) increasing by

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USGBC Colorado Women in Green Panel, April 4

Leave a Comment / Diversity, Events, Sustainability /

On Thursday, April 4, USGBC Colorado will be host an inspiring Women in Green panel discussion, with the theme: Fresh Perspectives. A fresh perspective involves reimagining familiar situations with a renewed approach. It’s an infusion of new ideas, innovations, and technologies. In 2024, Women in Green’s Fresh Perspectives delves into how we would address the

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Newmark Awarded Leasing Assignment for Greenwood Village Innovation Hub

Leave a Comment / Brokerage, Development, Office /

Newmark has been awarded the exclusive leasing assignment on behalf of Colorado Health & Tech Centers (CHTC) for 5800 South Quebec Street – a 175,000-square-foot, Class A office campus in Greenwood Village. The innovation hub offers build-to-suit workspaces for biotechnology, technology, medical office and laboratory operations.   Newmark Director Jon Tilton and Associate Director Brian Wingate, in collaboration with Vice Chairman Jamie Gard and Director John

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Colorado Multifamily Property Acquired for $74M

Leave a Comment / Brokerage, Investment, Multifamily, Renovation /

An affiliate of Oberndorf Real Estate Management, LP., and The Bascom Group, LLC, have closed on the acquisition of the 360-unit Hearthstone at City Center located at 932 South Helena Way in Aurora for $74 million. Hearthstone marks Bascom’s fourth acquisition of 2024 and comes shortly after the recent acquisitions of The Overlook, a 344-unit

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Ongoing Skilled Labor Shortage in Booming Construction Sector

Leave a Comment / Construction, Development, Reports /

Despite economic improvements in some dimensions in 2023, the construction industry continues to face a severe skilled labor shortage, according to Marcum LLP’s annual analysis of the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS).  A surprisingly strong economy supported robust construction industry hiring in 2023. “Contractors have now added jobs in each

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Flatirons Health Development Sells 43,391 SF Nursing Facility in Louisville

Leave a Comment / Brokerage, Development, Healthcare /

Benchmark Commercial Real Estate, Denver’s Exis Global partner, has completed the sale of a 48-bed, 43,391-square-foot skilled nursing facility located at 1107 W. Century Drive in Louisville.  Benchmark Commercial’s Jaimee Keene represented the seller, Flatirons Health Development, LLC. The building was previously leased to Flatirons Health and Rehabilitation, operated by Wichita, Kansas-based Axiom Healthcare Services, which announced the closure of its Boulder County

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Historic Denver Working to Preserve El Chapultepec Building

Leave a Comment / Construction, Development, Hospitality, preservation /

Historic Denver, in conjunction with the Honorable Elbra Wedgeworth and professional musician Ron Bland, has filed a landmark designation to save the El Chapultepec building, at 1962 Market Street in Denver, from demolition.  Monfort Companies has owned the building since November 2022 and has designed a new bar and restaurant to replace the old building with

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Encouraging Women to Claim a Seat at the Table

Leave a Comment / Diversity, Feature /

By Mia Voss March is Women’s History Month and this year’s theme is “Women Who Advocate for Equity, Diversity, and Inclusion.” This theme recognizes women who understand that, for a positive future, we need to eliminate bias and discrimination from our lives and institutions.  And what better way for us to continue that work than to encourage women

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High-Performing Office Asset in Westminster Sells for $21M

Leave a Comment / Brokerage, Development /

PrimeCenter @ Northridge, a two-building, single-story flex office asset located at 1765 W 121st Ave in Westminster, has sold to Albany Road Real Estate Partners for $21 million, according to Adams County records. Essex Financial Group secured a $12.6 million loan for the acquisition of the office asset. Essex worked on behalf of Albany Road

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