Author name: milehighcre

Ambrose Announces Completion of First Speculative Industrial Building at DIA Logistics Park

Ambrose Property Group announced today the completion of DIA Logistics Park Building I, in addition to an expansion of the industrial park. Building I is a 625,000-square-foot Class A industrial building and the first 40-foot clear-height speculative industrial development in the Denver market. The building features 3,858 square feet of office space, 288 auto parking spaces […]

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Construction Spending Rises in August (Wells Fargo Report)

The Economics Group of Wells Fargo Bank has released a new report on construction spending. Construction activity this year has been largely resilient to broader macroeconomic headwinds. Total outlays increased 0.5% in August, solidifying an eight-month streak of improvements in 2023 and amounting to a 7.4% year-over-year gain. Yet as construction outlays rise on trend,

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Kairoi Residential Receives Several Awards Including Grand Award and Most Outstanding Executive  

Kairoi Residential, a premier, vertically integrated, multifamily investment, development and property management company, recently won several awards at the Apartment Association of Metro Denver’s (AAMD) Tributes ceremony, held at the Gaylord of the Rockies resort on September 15, 2023. Among the top honors for the company were the Grand Award for a Management Company and the Most

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Summer Valley Shopping Center in Aurora Sells for $20.4M

Cushman & Wakefield has advised the sale of Summer Valley Shopping Center, a 95,669-square-foot retail center located at the northeast corner of E Quincy Avenue & S Buckley Road in Aurora, Colorado. Anchored by Vasa Fitness and Dollar Tree, the property is 99% leased to a stable and synergistic service-based roster of 18 tenants. The property

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First Phase of Denargo Market Will Bring 4+ Acres of Open Space and Amenities

Today, September 28, joint venture partners Golub & Company and FORMATIV celebrated the groundbreaking of the initial phase of development at Denargo Market. This first phase, focused on infrastructure improvements and the public realm, will bring 4+ acres of open space and much-needed amenities to the area. This phase is crucial for the future placemaking at Denargo Market. When

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Movers and Shakers Week Ending 09.29.23

Stefka Fanchi Appointed to CHFA’s Board of Directors Colorado Housing and Finance Authority (CHFA) congratulates Stefka Fanchi, president and CEO of Elevation Community Land Trust, on her appointment to its board of directors. CHFA’s board serves as its governing body and is tasked with supporting CHFA’s mission to strengthen Colorado by investing in affordable housing and

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New Pivot Denver Industrial Development Lands Kickoff Tenant

Pivot Denver, a brand new ±472,800-square-foot Class A industrial logistics development nearing completion in Denver, has signed its first tenant. Total Tool, a St. Paul, MN-based construction tool supplier, has leased 58,738 square feet of space in the state-of-the-art project that is owned and being developed by Westfield Company Inc., a local developer with deep roots in the

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Denver-Based Kentwood Real Estate Acquires Calibrate Real Estate

Kentwood Real Estate has acquired local brokerage Calibrate Real Estate. Six of Calibrate’s agents will join either Kentwood’s commercial or residential teams, based on their primary business focus areas. “Kentwood’s leadership philosophy mirrors Calibrate’s, and this feels like a natural transition,” says Calibrate founder and CEO Kyle Malnati. “Kentwood has the tools and resources necessary to help

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Simms Technology Park Breaks Ground in Broomfield

St. John Properties, Inc. has initiated the construction of Simms Technology Park, an 81-acre mixed-use business community in Broomfield. Upon completion, the project will support nearly 600,000 square feet of single-story and multi-story office and flex/R&D space, in addition to complementary retail amenities. The full-service commercial real estate development and management company recently held a ceremony

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