Author name: milehighcre

Cortex Annual Sustainability Report: 2024 Predictions for the CRE Industry & Reflections on 2023 Milestones

Cortex Sustainability Intelligence, an industry-leading decarbonization platform tailored for commercial real estate, has released its annual CRE Sustainability Trends report. The report sheds light on pivotal factors shaping sustainability in commercial real estate, with a specific spotlight on the office asset class. Against the backdrop of a challenging year for the distressed office sector, 2023

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Community Planning and Development to Present Ordinance Changing Zoning Along East Colfax 

On Monday, December 11, Denver Community Planning and Development will present an ordinance changing the zoning classification for multiple properties along East Colfax between Grant Street and Yosemite Street in North Capitol Hill, Capitol Hill, City Park West, Cheesman Park, City Park, Congress Park, South Park Hill, Hale, Montclair, and East Colfax. Adopted by the

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132 Units of Affordable Housing Being Developed in Downtown Denver

Sherman Associates, a growing commercial real estate development and management firm, will develop approximately 132 affordable housing units at 1139 Delaware Street in downtown Denver’s Golden Triangle Creative District. Sherman was awarded the development by the site owner, the Denver Housing Authority (DHA), as part of their D3 Permanent Supportive Housing (PSH) program. Eighty of

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Q4 ColoradoCast Shows Modest Growth

The Colorado Futures Center at CSU has shared its latest Q4 ColoradoCast. Consistent with the latest quarters, the Colorado economy is projected to continue to grow, albeit modestly. However, this latest ColoradoCast shows slightly more robust growth than the previous two outlooks, with growth in the range of 2 to 3 percent annual rate. Consistent with ColoradoCast’s message

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Stonebridge Cos. Acquires Five-Property Portfolio Across U.S.

Stonebridge Cos., a privately owned, nationally recognized, innovative hotel owner and manager headquartered in Denver, acquired a five-property, approximately 1,200 key hotel portfolio in late November. The balance of the portfolio comprises properties in existing Stonebridge markets, where the company sought to expand its presence. The properties include: the Embassy Suites in Walnut Creek, California,

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Movers and Shakers Week Ending 12.08.23

BMC Investments Hires New Development Manager Dylan McQuinn has joined BMC Investments as a development manager. Most recently, he served as a development manager for Generation Development, working with the firm’s in-house construction and development teams to build boutique for-sale condo projects in Denver’s urban core. Previously, Dylan spent 15 years as a licensed architect, with deep experience In

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CHFA Named Among Nation’s Best Workplaces for Parents

Great Place To Work® has selected Colorado Housing and Finance Authority (CHFA) for the Best Workplaces for ParentsTM 2023 list. This national distinction recognizes companies offering best-in-class benefits and company cultures that provide outstanding support for working parents and their families. This award follows CHFA earning a spot on the 2023 Fortune Best Workplaces in Financial Services &

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First Look at Denver Medical Office Building Converted to Affordable Housing

The Denver Housing Authority (DHA) recently completed the conversion of a former medical office building located at 655 Broadway into income-based affordable housing.  The newly renovated building houses 110 units. Denver Health joined forces with DHA to house patients after lengthy hospital stays who would otherwise be at risk of homelessness. The general contractor for the project is Taylor Kohrs and

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Oak Trees Arrive on 16th Street Mall, Marking Significant Milestone

Marking the beginning of a comprehensive initiative to replace, diversify and expand the urban tree canopy along Denver’s 16th Street Mall, oak trees were delivered and planted between Market and Larimer Streets as part of the 16th Street Mall renovation project. “The arrival of these first trees is just the beginning,” said Mike Swanson, Denver city forester.

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National Insurance Broker Extends Long-Term Lease in DTC

AssuredPartners (AP), a national full-service insurance broker, is growing its Denver office, taking the full 15th floor in Stanford Place III – a Class A, 17-story office building at 4582 South Ulster Street in the heart of the Denver Tech Center. The company is relocating its operations from the 6th floor of the building to 21,823 square feet

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