milehighcre, Author at Mile High CRE

$260B in Office Loans Maturing as Rising Defaults Intensify Industry Struggles

Development, Office, Reports / milehighcre

The office sector is navigating tough times as office utilization stagnates, values drop and interest rates stay high, according to the latest Commercial Edge U.S. office market report. Over $260 billion in office loans have recently matured or are set to mature by the end of 2026. These loans are mostly concentrated in top-rated properties and city centers, with 62.6%

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Tobacco Giant to Invest $600M to Open Zyn Manufacturing Facility in Aurora

Construction, Development, Engineering, Industrial, Investment / milehighcre

Philip Morris International Inc. announced an investment of $600 million over the next two years through one of its U.S. affiliates to open a state-of-the-art manufacturing facility in Aurora. Governor Jared Polis and other local elected officials held a press conference today at the Colorado Freedom Memorial at 756 Telluride St, Aurora. The facility is expected to

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The Colorado Trust Relocates HQ to The Hub North in RiNo

Health, Office, workplace / milehighcre

Tributary Real Estate, a commercial real estate brokerage firm based in Colorado, announced the successful lease negotiation for The Colorado Trust‘s new 14,000-square-foot, full-floor headquarters at The Hub North in RiNo. The Colorado Trust is a private philanthropic foundation that was founded in 1985 and makes grants statewide. The foundation’s mission is to advance the health

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Ryan Companies to Build Class-A Industrial Project in Broomfield

Construction, Development, Finance, Industrial / milehighcre

Ryan Companies US, Inc., a national commercial real estate solutions provider, and PGIM Real Estate have formed a joint venture and announced the financial closing for Northwest Commerce Center. Located in Broomfield, within the Verve Innovation Park and, adjacent to the Rocky Mountain Metropolitan Airport, the Class-A industrial project comprises two buildings totaling more than 343,000

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Mile High Transactions Report

Transactions / milehighcre

102-Unit Multifamily Property Sells in Longmont Capstone Apartment Partners announced the successful sale of 630 Lashley Steet, a 102-unit, 109,210-square-foot multifamily property. Two Arrows Group acquired the asset for an undisclosed price. The broker team, led by Sean Holamon in parallel with Adam Riddle and Jason Koch, combined efforts and expertise were crucial to overcome

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June Coworking Report: Denver 6th Largest Market for Inventory

1 Comment / Development, Office, Reports / milehighcre

The Denver coworking market continued its growth in the second quarter of 2024 and now has a total of 227 coworking spaces. CoworkingCafe’s latest coworking industry quarterly report leveraged the most recent proprietary data (June) to break down the coworking space stock availability in the 25 largest markets. To get a more granular overview of the coworking

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Pacific Ventures Acquires Master-Planned Community in Aurora

1 Comment / Construction, Development / milehighcre

California-based Pacific Ventures Management LLC, in conjunction with Avanti Properties Group, has acquired the Horizon Uptown master-planned community in Aurora. Pacific Ventures will be the master developer and responsible for the development, management and future planning of the community. Horizon Uptown is strategically located at the intersection of I-70 and E470, providing easy access to

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CBRE Arranges Largest Speculative Industrial Lease in Colorado

Brokerage, Development, Energy, Industrial / milehighcre

Broadrange Logistics, a Georgia-based, third-party logistics company, has signed a long-term lease for 1,127,400 square feet encompassing the two remaining buildings at 76 Commerce Center, a Class A logistics park in Denver’s I-76 corridor. Todd Witty and Daniel Close of CBRE represented the landlords, Hyde Development and their equity partner Mortenson Properties, Inc., in the transaction. Sam Dragan and Jim Bolt of CBRE

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Kairoi Takes Over Leasing and Management of 2 Denver Apartment Buildings

Multifamily, Property Management / milehighcre

Kairoi Residential, a premier vertically integrated multifamily investment, development, and property management company, has been selected to provide leasing and property management services for two Denver metro area apartment buildings. The properties are: Infinity LoHi, located at 2298 West 28th Avenue. The property has 273 units for rent. Amenities include a clubhouse with work-from-home space, pool table, catering

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A New Standout of Urban Living in Denver: Skyline at Highlands

Architecture, Development, Feature, Multifamily / milehighcre

By Victoria Lewandowski, growth content manager Authentic There’s an eye-catching new addition to the Highland suburb of Denver that’s impossible to miss. This week marks a milestone for the city’s iconic silhouette as Skyline at Highlands welcomes its first wave of eager residents home. This groundbreaking mixed-use development, spearheaded by Grand Peaks, OZ Architecture, Weitz and Access Industries, stands as a testament

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Author name: milehighcre