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7-Story Apartment Project to Replace Ramada Hotel

San Antonio-based Kairoi Residential, a vertically integrated multifamily investment, development and property management company with an office in Denver, recently purchased the Ramada by Wyndham Denver Downtown hotel, located at 1150 E. Colfax Ave. Kairoi paid $14.15 million, according to property records. The developer plans to demolish the hotel and build a seven-story 334-unit apartment project, according […]

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Power REIT Acquires 10-Acre Property in Crowley County for Greenhouse Development

Power REIT, a real-estate investment trust (REIT) that owns real estate related to Controlled Environment Agriculture, has acquired a 10-acre property in Crowley County, through a wholly owned subsidiary (“PropCo”). The property will include the construction of a 12,000-square-foot greenhouse space and 12,880 square feet of support buildings and infrastructure that will be funded by Power REIT

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Stantec Designs Hybrid Office for Denver-Based Law Firm

Stantec is designing the interiors for Denver-based law firm Sherman & Howard L.L.C., as the firm prepares to move into a 58,500-square-foot space at the new Block 162 building in downtown Denver. The design will support the company’s new hybrid officing model, a concept that combines remote and in-office work that is expected to become a common

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Two More Buildings Break Ground at Eastpark 70

Two more buildings are joining Eastpark 70, a Class A industrial development in northeast Aurora. The project by Consolidated Investment Group—an Englewood-based company that actively invests in real estate, capital markets, private equity and philanthropyal—already totals 900,000 square feet across four buildings. Building 5 will total 158,900 square feet and Building 6 will total 77,100 square

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Kenai Capital Advisors and CWCapital Purchase Westminster Office Portfolio

Kenai Capital Advisors and CWCapital Investment Management have acquired a portfolio of three office/flex properties and one development parcel on Church Ranch Boulevard in Westminster. The partnership purchased the 151,746-square-foot portfolio containing 7237, 7401, and 7403 Church Ranch Boulevard, as well as an adjacent vacant development site, from Etkin Johnson. Essex Financial Group secured an $18.4 million bridge loan for

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Food Hall to Open at McGregor Square July 1

A brand new food hall featuring nine stand-alone restaurant concepts, a central bar and a 28,000-square-foot outdoor plaza with a giant LED screen, will open July 1 at McGregor Square, Denver’s new multi-use development in LoDo. Inspired by train cars decorated with upscale finishes, diners at Milepost Zero will enjoy a wide array of restaurants in

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Movers and Shakers Week Ending 06.18.21

McWhinney President & COO Ray Pittman to Assume CEO Role McWhinney announced that President and Chief Operating Officer Ray Pittman will take up the company’s chief executive officer role. Co-Founder Chad McWhinney will step back from day-to-day operations and transition to executive chairman for the company. Co-Founder Troy McWhinney will remain in his current role as

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http://www.denverpost.com/2016/07/20/new-construction-training-program-launched-to-meet-growing-need/

Polis Approves Community Revitalization Grant Program

This week, Governor Polis signed into law a stimulus bill from Colorado’s recovery package, which will invest in struggling local economies and accelerate the Colorado Comeback. SB21-252, sponsored by Senate Majority Leader Steve Fenberg and Minority Leader Chris Holbert, creates the Community Revitalization Grant Program to issue grants intended to support creative projects in commercial centers

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Highlands Ranch Apartment Sale Sets New Record

JLL has closed the largest single-asset apartment transaction in Colorado history with the sale of Palomino Park Apartments, a 1,184-unit, upscale apartment community in Highlands Ranch. JLL’s Capital Markets team brokered the $435 million sale on behalf of the seller, Nuveen Real Estate and also secured $282.75 million in financing for the undisclosed buyer. The purchase price makes

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