Author name: milehighcre

EverWest Real Estate Acquires Industrial Portfolio in 4 Primary US Industrial Markets

JLL Capital Markets recently arranged $61,340,000 in financing for a four-property industrial portfolio totalling 428,488 square feet in Colorado, New York, Tennessee and Washington, on behalf of EverWest Real Estate Investors. JLL worked to secure the loan from institutional investors advised by J.P. Morgan Global Alternatives. The six-year, full term interest only loan was secured at a competitive interest […]

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CBRE New Recruits Sell Office Building in Fort Collins for $3.2M

A 6,832-square-foot office building located at 2024 E. Harmony Rd. in Fort Collins has been sold to a Colorado-based limited liability company for $3.2 million in an off-market transaction. The building attracted interest for its high-visibility location along Harmony Road. CBRE’s new recruits Jason Ortiz and Tyler Swenson represented the buyer. Jon Rue, also with CBRE, represented the seller, a private

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Creator of the “Digital Food Farmacy” Moves to New Home at The Hub North

Amidst a tech landscape that has seen its fair share of negative headlines, bitewell, the first-ever “digital food farmacy” startup, is turning a new page for the sector by expanding into a new Denver innovation lab headquarters at The Hub North in RiNo. Since its founding in 2020, bitewell has been at the forefront of the food-as-medicine movement, and this

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Farm & Market Brings the Farm to the Urban Table

By Amanda Johnson, principal/interiors – LEED AP, OZ Architecture Within the confines of a quirky 1938 building at the gateway to RiNo Art District, a culinary revolution is sprouting – quite literally. Farm & Market, located at 2401 Larimer St., has made its grand debut, adding an exciting new option to Denver’s urban dining experiences and

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Monarch Landscape Companies Acquires Brighton-Based Environmental Designs, Inc.

Los Angeles-based Monarch Landscape Companies (“Monarch”), a leading national provider of high-quality commercial landscaping services, has acquired Environmental Designs, Inc. (“EDI”), a full-service commercial landscape company based in Brighton, with additional locations in Loveland and Castle Rock. Environmental Designs, founded in 1989 by Shawn Ryan, provides commercial-landscape maintenance and enhancements, arbor-care services, sustainable landscape management, and snow and ice

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Denver Ranks Second for CRE Distress Among Top 20 US Metro Cities (KBRA Report)

KBRA, a leading nationally recognized statistical ratings organization, has released a report on the magnitude and change in distress rates of the largest metropolitan statistical areas (MSA) in U.S. private-label commercial mortgage-backed securities (CMBS) 2.0, between June 2022 and August 2023. The study population includes nearly $600 million of collateral across KBRA-rated and nonrated conduit,

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Renter Wealth Creation Fund to Offer Alternative Pathway to Wealth Building

According to Enterprise Community Partners, affordable Arvada townhome communities Sheridan Ridge Townhomes and Willow Green Townhomes, owned by Archway Communities, are the first investments of a just announced Renter Wealth Creation Fund, the nation’s first innovative investing approach that provides wealth building opportunities for lower and moderate-income renters.   Historically, homeownership has often been the only route to build

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Spruce Power Announces Relocation of Corporate Headquarters in Denver

Spruce Power Holding Corporation, a leading owner and operator of distributed solar energy assets across the United States, has relocated its Denver headquarters to the Colorado Center at 2000 S. Colorado Blvd. Spruce’s new Denver headquarters expands the Company’s footprint in a key renewable energy market, allowing access to a dynamic ecosystem of collaboration, partnerships, and top

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MTech Raises $100K for Suicide Awareness

MTech Mechanical held its 4th Annual Samborski Memorial Clay Shoot on Saturday, August 26 at Kiowa Creek Sporting Clays. MTech donated a total of $100,000 between the Suicide Prevention Coalition of Colorado & Rocky Mountain Crisis Partners. “The statistics regarding suicide rates within the construction industry are deeply concerning. Within our industry, our colleagues face a staggering 10-fold higher

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Mission Hill Hospitality Expands Portfolio with Hotel Acquisition in Breckenridge

Marking Mission Hill Hospitality’s third acquisition in Colorado, the select service and extended stay hotel investor has acquired the 129–key Residence Inn by Marriott in Breckenridge. The terms of the deal are undisclosed. Following the purchases of the Holiday Inn and La Quinta Steamboat Springs in early 2023, its portfolio now includes 33 hotels across

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