Allure Apartments, a 252-unit, core-plus, garden-style apartment community located in Denver’s Cherry Creek South neighborhood, has sold for $68.25 million. JLL Capital Markets closed the sale and the $43.177 million acquisition financing on behalf of the seller and procured the buyer, Gelt, Incorporated. JLL also worked on behalf of the new owner to secure the seven-year
Denver’s Allure Apartments Sell for $68M Read More »
Centerpark, a three-building, multi-tenant Class A industrial project totaling 431,157 square feet in the heart of Denver has sold to a joint venture of Denver-based Westfield and Reinsurance Group of America (RGA), a leading global life and health reinsurer. The property sold for $73 million and was 100% leased to 10 tenants at the time
Westfield Acquires State-of-the-Art Industrial Park in Denver Read More »
Mayor Mike Johnston and the Department of Community Planning and Development recently announced the winners of the 2024 Mayor’s Design Awards, celebrating the best in design, architecture and placemaking in Denver. Since 2005, the Mayor’s Design Awards have honored projects throughout the city for excellence in architecture, urban design and place-making. The awards are presented
2024 Mayor’s Design Awards Winners Announced Read More »
Pinkard Construction Company has been selected to work with Radix Design and the owner of The Empowerment Program to construct the Chrysalis Affordable Housing project at 1777 Franklin Street in Denver. This $20 million project will feature seven stories and 70 units of studio, one- and two-bedroom units with surface parking and trauma-informed amenity design.
Pinkard Awarded Denver Affordable Housing Infill Project Read More »
Pinkard Construction Promotes Jess Becerra to Senior Construction Manager Pinkard Construction announced the promotion of Jess Becerra to the position of senior construction manager. Throughout his 16-year tenure with Pinkard, Jess has consistently demonstrated exceptional skills in collaborating with and leading project teams. This promotion recognizes Jess’s outstanding contributions to our team and his unwavering
Movers and Shakers Week Ending 03.15.24 Read More »
CBRE is forecasting revenue per available hotel room (RevPAR) will continue to grow steadily in 2024, driven by improving group business, inbound international travel and traditional transient business demand. CBRE forecasts a 4.3% increase in RevPAR growth in Denver in 2024, with occupancy improving by 100 basis points (bps) and average daily rate (ADR) increasing by
CBRE Forecasts 4.3% Increase in RevPAR Growth in Denver in 2024 Read More »
On Thursday, April 4, USGBC Colorado will be host an inspiring Women in Green panel discussion, with the theme: Fresh Perspectives. A fresh perspective involves reimagining familiar situations with a renewed approach. It’s an infusion of new ideas, innovations, and technologies. In 2024, Women in Green’s Fresh Perspectives delves into how we would address the
USGBC Colorado Women in Green Panel, April 4 Read More »
Newmark has been awarded the exclusive leasing assignment on behalf of Colorado Health & Tech Centers (CHTC) for 5800 South Quebec Street – a 175,000-square-foot, Class A office campus in Greenwood Village. The innovation hub offers build-to-suit workspaces for biotechnology, technology, medical office and laboratory operations. Newmark Director Jon Tilton and Associate Director Brian Wingate, in collaboration with Vice Chairman Jamie Gard and Director John
Newmark Awarded Leasing Assignment for Greenwood Village Innovation Hub Read More »
An affiliate of Oberndorf Real Estate Management, LP., and The Bascom Group, LLC, have closed on the acquisition of the 360-unit Hearthstone at City Center located at 932 South Helena Way in Aurora for $74 million. Hearthstone marks Bascom’s fourth acquisition of 2024 and comes shortly after the recent acquisitions of The Overlook, a 344-unit
Colorado Multifamily Property Acquired for $74M Read More »
Despite economic improvements in some dimensions in 2023, the construction industry continues to face a severe skilled labor shortage, according to Marcum LLP’s annual analysis of the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS). A surprisingly strong economy supported robust construction industry hiring in 2023. “Contractors have now added jobs in each
Ongoing Skilled Labor Shortage in Booming Construction Sector Read More »
