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BWE Secures Nearly $50M for Affordable Housing in Denver

Affordable Housing, Brokerage, Construction, Development /

BWE, a national commercial and multifamily mortgage banking company, announced today the closing of three financings totaling $47,127,000 to preserve, build, and provide permanent financing for two affordable multifamily housing properties and one manufactured/mobile housing community across Denver. The BWE Denver affordable team, led by Senior Vice President Anthea Martin and Assistant Vice President Spencer […]

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Denver Records 13th Largest Industrial Inventory Under Construction

Construction, Development, Industrial, Reports /

CommercialSearch just released its latest mid-year industrial development report. At the close of the first half of 2024, the U.S. had 375.7 million square feet of industrial space under construction. Notably, the amount under construction nationally has dropped by almost 19% compared to the start of the year, when 463 million square feet were under construction, and by 45% compared to January 2023. Using

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NOVEL White Fence Farm Sells to Equity Residential

Brokerage, Investment, Multifamily /

Equity Residential, a U.S.-based publicly traded real estate investment trust that invests in apartments, has acquired NOVEL White Fence Farm, a newly constructed, 202-unit luxury multifamily community developed by Crescent Communities and located at 6273 W Jewell Avenue in Lakewood at the site of the former White Fence Farm restaurant. A sale price was not

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Groundbreaking: Parker Town Hall Expansion and Renovation Project

Architecture, Construction, Development, Office, Renovation /

JHL Constructors, in collaboration with Anderson Mason Dale Architects (AMD) and representatives from the Town of Parker, officially broke ground on a significant expansion and renovation project for the Town Hall. This project stems from the Facility Master Plan adopted by the Town Council in 2021. JHL President and CEO, Ben Stellor, expressed the company’s enthusiasm stating,

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Elways to Close Amidst Cherry Creek West Redevelopment

Development, Hospitality /

After 20 years, ex-Denver Broncos quarterback John Elway and partner Tim Schmidt are closing the doors to their renowned Cherry Creek Steakhouse (2500. E. 1st Ave.) on August 31, 2024. The reason for the restaurant’s closure is due to the redevelopment of Cherry Creek West, which will span from University Blvd. to Clayton Lane and from 1st Ave.

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Aurora Apartment Community to be Rebranded

Brokerage, Development, Multifamily, Renovation, Workforce Housing /

BMC Investments, a Denver-based, fully-integrated real estate investment company, announced today the acquisition of Advenir Del Arte, a multifamily property in Aurora comprised of 351 units across 17 buildings. This will be one of eleven workforce housing communities currently owned by BMC, and the fifth in Aurora. BMC plans to rebrand the community to The Joliet

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Mile High Transactions Report

Brokerage, Transactions /

CBRE Arranges Sale of 306-Unit Apartment Community in Englewood CBRE has arranged the sale of Bell Cherry Hills, a 306-unit apartment community in Englewood. Terrance Hunt, Shane Ozment, Chris Hart and Brad Schlafer of CBRE represented the seller, Bell Partners, in the transaction. Located at 3650 S. Broadway St., the two-building, four-story property was built in 2015 and comprises studio,

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Brinkmann Constructors Completes 2 Denver Projects

Construction, Development, Industrial, Multifamily /

Brinkmann Constructors announced the completion of two significant Denver projects: 4228 Kalamath Street Brinkmann Constructors, in partnership with Palisade Partners, recently completed the construction of a 132,000-square-foot multifamily community in Denver. This three-story residential building added 117 units to Denver’s Sunnyside neighborhood, a rapidly growing transit-oriented area. The project also included a 100-stall parking garage

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Movers and Shakers Week Ending 08.09.24

Movers and Shakers /

McWhinney Appoints Seasoned Real Estate Investor to Oversee and Expand Commercial and Residential Portfolio McWhinney, a Colorado-based real estate investor and developer in commercial, multifamily, hospitality, residential, and mixed-use assets, announced that Bill Grubbs recently joined the company as chief investment officer. In this role, Grubbs is overseeing McWhinney’s real estate investment portfolio and institutional

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Equity Residential Acquires 978 Apartment Units in Denver

Brokerage, Investment, Multifamily /

Equity Residential has agreed to acquire 11 apartment properties — including three properties with 978 apartment units in Denver — from Blackstone Real Estate strategies in separate transactions, including Blackstone Real Estate Income Trust, Blackstone Real Estate Partners and Blackstone Property Partners, for approximately $964 million. The transactions, which remain subject to customary closing conditions, are expected to close

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