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Mayor Proposes Ballot Measure to Expand Affordable Housing

Affordable Housing, Construction, Development, Finance, Multifamily /

Mayor Mike Johnston has announced his plan for a new dedicated funding stream to provide approximately $100 million annually to make Denver more affordable for working families and individuals.   Co-sponsored by Councilmembers Shontel Lewis, Sarah Parady, Diana Romero-Campbell, Amanda Sandoval and Darrell Watson, a proposed ballot measure to establish an Affordable Denver Fund is […]

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Eastglen Apartments Secures $11.96M in Financing from Freddie Mac 

Brokerage, Finance, Multifamily /

JLL Capital Markets has secured $11.96 million in acquisition financing for Eastglen Apartments, a 102-unit multi-housing property in Longmont. JLL worked on behalf of the borrower, a joint venture between Two Arrows Group, a privately held real estate investment company focused on acquiring multifamily properties across the Colorado Front Range, and real estate private equity firm

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MGL Partners to Add 50 Units of Senior Housing in Denver

Affordable Housing, Brokerage, Development, Senior Housing /

MGL Partners, a Denver-based multifamily, senior, workforce and affordable housing developer, has purchased 4770 E Iliff Ave, a 48,917-square-foot (1.12 ac) office redevelopment property in Denver for $2,700,000. Adam Bellin, Travis Hodge, and Taylor Burns of Capstone Companies represented MGL Partners in this transaction. The forthcoming Iliff Apartments project, which has been awarded 9% Low-Income

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Aircraft Maintenance Center Opens at Rocky Mountain Metropolitan Airport

Construction, Development, Industrial, Office /

Elevate MRO, a Utah-based aircraft maintenance company and division of Elevate Aviation Group (EAG), has opened a new aircraft maintenance center at Rocky Mountain Metropolitan Airport (KBJC) in Denver. This expansion includes increased staff and maintenance teams to support the existing client base and enhance aircraft maintenance service availability while supporting Elevate Jet’s management, charter, and

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The Cherry Cricket Expanding to Broomfield in Summer 2025

Architecture, Construction, Development, Hospitality /

Denver’s beloved burger institution, The Cherry Cricket, is set to open its fourth location in early summer 2025 at 1280 E 1st Ave in Broomfield. With a rich history spanning almost 79 years in Cherry Creek, The Cherry Cricket has become a staple in Denver, expanding to the Ballpark neighborhood in 2018 and Littleton in 2023.

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Thompson Thrift to Develop 344-Unit Luxury Community in Fort Collins

Construction, Development, Multifamily /

Thompson Thrift, one of the nation’s leading multifamily developers, will develop The Landing at Lemay, a 344-unit Class A multifamily community in Fort Collins. Construction will begin in July and residents are expected to begin moving in late 2025. “Fort Collins’ rapid growth and strong demand for upscale multifamily housing presents a compelling opportunity,” said Josh Purvis, managing

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Denver Construction Cost Increase Below National Average

Construction, Development, Reports /

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest 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-Q2 2024, shows that the national average increase in construction costs was 1.12 percent over the

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Cherry Creek Apartment Building Sells to California Buyer for $23M

Brokerage, Investment, Multifamily /

One19 Cherry Creek, a 36-unit multifamily community located at 119 S. Harrison St. in Denver’s Cherry Creek neighborhood, has sold to Epp & Sons, Inc., a San Fransisco-based commercial real estate company, for $23.05 million, according to CBRE. The three-story ultra-luxury property is made up of mostly two-bedroom units averaging 1,366 sq. ft. Built in

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Blackstone Completes Privatization of AIR Communities for $10B

Investment, Multifamily /

New York City-based Blackstone has completed its previously announced acquisition of all outstanding common shares of Denver-based AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The transaction was announced on April 8, 2024. The purchase price represents a premium of 25% to AIR

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Gerson Preston Expands National Footprint with New Denver Office

Advisory, Office /

Gerson, Preston, Klein, Lips, Eisenberg & Gelber, P.A. (Gerson Preston) – a South Florida-based premier accounting and advisory firm offering industry-specific services to clients of all shapes and sizes including the real estate and construction industry – has announced the opening of its new office in Denver. The 2,500-square-foot office, located at the Galleria at Cherry

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