Author name: milehighcre

51-Key Boutique Hotel in Parker Sells for $8.25M

Avison Young has completed the $8.25 million sale of Ascent on Main, a 51-key boutique hotel located at 18595 Mainstreet in Parker. Avison Young Principal Chris Kilcullen represented the seller, Independent Bank who oversaw the property which was in receivership. Keen-Summit Capital Partners, a real estate brokerage and workout firm and an investment banking firm […]

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CBRE Secures Industrial Lease at Clarion Gateway 27 in Aurora

CBRE has secured a 60,254-square-foot lease to Wisconsin-based RJ Schinner, a wholesale distributor of food service, paper, and janitorial supplies, at Clarion Gateway 27 in Aurora. Jeremy Ballenger, Tyler Carner and Jim Bolt of CBRE represented the landlord, Clarion Partners, in the leasing of the building. Located at 19080 E. 38th Ave. in Aurora, Clarion Gateway 27 is a recently

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Nonresidential Construction Adds Nearly 12,000 Jobs in December

According to an Associated Builders and Contractors analysis of data released on January 5 by the U.S. Bureau of Labor Statistics, the construction industry added 17,000 jobs on net in December. On a year-over-year basis, industry employment has grown by 197,000 jobs, an increase of 2.5%. Last month, nonresidential construction employment increased by 11,900 positions

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Howell Construction Completes Weifield Group’s Office Renovation

Howell Construction recently completed a corporate tenant improvement project for its long-time industry partner, Weifield Group Contracting, LLC. The phased interior renovation took place within Weifield’s occupied, two-story office, enabling the company to remain open and operational throughout construction.  Phase I focused on the upper floor, where the existing space was taken back to shell

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The Death of Big Box Retail Opens to the Rise of Elevated Eatertainment

By Frank Mataipule and Megan Freckelton, FAM Design As the world continues to evolve post-pandemic, the commercial real estate paradigm has also shifted. What used to work for restaurants, hotels and other commercial hospitality brands, many times doesn’t apply now — and hospitality professionals have been at the forefront of this shift, pivoting and adapting

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Movers and Shakers Week Ending 01.05.24

Harris Kocher Smith Announces Promotion of John Stafford, PE Harris Kocher Smith, a leading engineering, surveying, and utility services firm, recently announced the promotion of John Stafford, PE, and Mike Moore, PE, to the Board of Directors. Their addition solidifies company leadership and a commitment to customers and employees.  Joining existing board members, Steve Kocher,

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Brinkman Construction Completes Destination at Arista

Fort Collins-based general contractor Brinkman Construction recently completed the construction of Destination at Arista, a new state-of-the-art multifamily community that brings 325 units to the Broomfield market. This project, encompassing four four-and five-story buildings totaling 492,650 square feet, showcases a mix of garage and surface parking. IRT Living is the owner and developer of the

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10 Critical Questions for CRE in 2024

By Kevin Thorpe, chief economist, Cushman & Wakefield It was an uphill battle for CRE in 2023. Higher interest rates, elevated inflation and the threat of a recession all contributed to a year of turbulence and uncertainty. Despite the challenges, the industry demonstrated bright spots of resilience and adaptability. What does that mean for 2024? 

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Landmark Properties Announces Notable Land Acquisition in Boulder and Plans for New Student Housing Community

Landmark Properties, the nation’s top developer of student housing six years running, has acquired a 15-acre site at 1345 28th Street near the University of Colorado Boulder. The firm will begin construction on The Standard at Boulder, a 936-bed student housing community, Landmark Properties’ first development of a purpose-built student housing product in the Boulder market. The project

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ULC to Deliver 60 Affordable Apartments in Commerce City

Urban Land Conservancy (ULC) has secured the future development of 60 affordable apartment homes at South Platte Crossing in Commerce City through an agreement with Nesbitt Development and Brinshore Development. As part of ULC’s innovative approach to keeping affordable housing affordable, ULC will retain ownership of the land beneath the building as part of its community land trust.  The entire

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