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? […]
10 Critical Questions for CRE in 2024 Read More »
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
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
ULC to Deliver 60 Affordable Apartments in Commerce City Read More »
On December 29, Greenwood Village-based Griffis Residential announced that Griffis Premium Apartment Fund VI (Fund VI) has acquired Platform Union Station (rebranded Griffis Platform Union Station). The property sold for $125.5 million, according to property records. The transaction is the third acquisition for Fund VI. Griffis Platform Union Station is a 22-story, 287-unit apartment tower located
Griffis Residential Acquires Apartments Adjacent to Union Station Read More »
Construction spending posted another solid gain in November, rising 0.4% over the month, according to the latest Wells Fargo Construction Spending Report. Amid high financing costs and shaky demand for real estate, overall momentum in the construction sector continues to be fueled by a few key segments. First, private single-family outlays have now picked up
Construction Spending Advances in November Read More »
Essex Financial Group (“Essex”) arranged an $87.5 million loan to refinance a five-property retail portfolio totaling 689,599 square feet across the greater Denver metro area. Each of the neighborhood centers is anchored by King Soopers, a subsidiary of Kroger. Essex worked on behalf of AmCap Incorporated – a vertically integrated private equity real estate firm
Essex Secures $87.5M Loan for AmCap’s Grocery-Anchored Retail Portfolio Read More »
By Deron Brown, president and COO, U.S. Operations, PCL Construction After years of uncertainty, 2023 offered a window into a new normal for the construction industry — and despite lingering recession concerns, the industry and opportunity for growth is strong. Over the past year, we saw landmark legislation unlock substantial funding for critical projects to
US Construction Outlook: Megaprojects will Define the Industry in 2024 Read More »
Kimpton Claret Hotel is the official name of Kimpton Hotels & Restaurants‘ second Denver hotel at Belleview Station. The hotel has also announced the appointment of its leader, General Manager Keith Siebenaler. The highly anticipated Kimpton Claret Hotel, which is set to open spring 2024, gets its name from the vibrant shade of red
Kimpton Hotel at Belleview Station Reveals Name, Hires General Manager Read More »
On December 18, Parker Water & Sanitation District (PWSD) celebrated the soft opening of its state-of-the-art Operations, Maintenance & Administration Building. Representatives from JHL Constructors (JHL) and Perkins & Will (P&W) joined PWSD employees to welcome them to their new building. With a primary focus on creating ample space for long-term growth, PWSD strategically acquired land near the Reuter-Hess reservoir in
UCHealth officially broke ground today on a major expansion project at Medical Center of the Rockies (MCR) that will help meet the growing healthcare needs of Northern Colorado. The project includes a new tower that will be built on the north side of the hospital, the creation of a cancer center, an expanded emergency department and additional
UCHealth Launches Major Expansion at Medical Center of the Rockies Read More »
