Author name: milehighcre

Denver Rent Report Shows Stabilized Vacancy and Rental Rates

This week, the Apartment Association of Metro Denver (AAMD) released the 2023 First Quarter Vacancy & Rent Report for Metro Denver. The average vacancies and apartment rents remained very flat for the first quarter of 2023. Vacancies remained at 5.6%, the exact same as last quarter. Rents increased less than 0.5 percent – only $8 […]

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Narrate Companies Breaks Ground on Boutique Apartment Community in Denver

Narrate Companies and MCP Group broke ground recently on Frameline, a new 78-unit high-efficiency boutique apartment community at 4225 E Hale Parkway. Designed by OZ Architecture, the new community is nestled between the historic Hale neighborhood and the vibrant 9+CO redevelopment. Frameline achieves practicality with modern design tailored to meet growing demand from the area’s

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59-Acre Vacant Parcel Near Denver Federal Center Sells for $30M

After nearly a decade of on-again, off-again negotiations, a 59-acre piece of vacant land at 6th and Union Blvd in Lakewood, owned by the U.S. General Services Association (GSA), sold this month for $30 million to Lincoln Property Company. The site, which is adjacent to the Denver Federal Center, is the last large infill land

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HNTB Hosts Networking Event for Minority and Women-Owned Enterprises

Stemming from the firm’s commitment to engaging with diverse and underutilized partners HNTB’s Denver office recently hosted a networking event for minority- and women-owned enterprises and disadvantaged businesses. More than 100 people representing 40 local firms attended. HNTB staff facilitated introductions between the firm and various regional transportation agencies, as well as identified synergies between the

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Denver Housing Authority Seeks Proposals to Build Permanent Supportive Housing

The Denver Housing Authority (DHA) Delivers for Denver (D3) Bond Program, is a critical partnership with the City of Denver to increase and expedite the supply of permanent supportive housing for households earning very low incomes in our community. DHA has issued a Request for Qualifications (RFQ) for a development partner to build new housing

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MG Properties Acquires Castle Rock Apartments to Further Expansion

MG Properties, a private San Diego-based real estate investor, owner, and operator, has acquired the Ridge at Castle Rock Apartments. Formerly known as Springs at Castle Rock, MG Properties purchased the property from Continental Properties for $67,150,000. Offering one, two, and three-bedroom apartments and lofts, Ridge at Castle Rock is a 2019 garden-style asset with contemporary

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R&R Engineers-Surveyors, Inc. Celebrates 35 Years of Excellence in Engineering

R&R Engineers-Surveyors, Inc., one of Denver’s leading land surveying and civil engineering firms operating primarily in the Rocky Mountain Region, will celebrate its 35th anniversary on June 1, 2023. Since its founding in 1988, R&R Engineers-Surveyors, Inc. has been committed to delivering high-quality engineering services to its clients in the public and private sectors. Over the past 35 years,

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Plans for Redevelopment of Foothills Mall Call for Mixed-Use Development

McWhinney and Prism Places unveiled preliminary design concepts for Foothills Mall at a community open house on Saturday, April 15. Attendees previewed initial plans for the reimagined mixed-use district and shared feedback and questions with the Foothills team. Project highlights shared with local residents included options for converting a traditional indoor mall into a vibrant,

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Average asking rent in Denver office market.

Cherry Creek and LoDo Emerging as Top Performing Micro Office Markets

According to JLL’s Q1 2023 Office Insight report, geography more so than ever is determining which buildings stand to be the winners and losers of the post-pandemic office market. Tenants are paying premiums for office space in select micro markets like Cherry Creek and LoDo. Direct vacancy in Cherry Creek fell to 7.5% during the

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Colorado Sees Growth in Life Sciences Employment and Federal Funding

Colorado continues to see growth in life sciences employment and federal funding, according to a new report from CBRE. Clinical trials for new drugs, persistent job growth, more federal funding, and ample cash reserves for the industry’s larger companies will influence the rapidly growing market for life sciences real estate.  CBRE forecasts that cumulative square

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