Author name: milehighcre

Rare Industrial Park in Pueblo Sells for $3.6M

The Denver office of Marcus & Millichap announced today the sale of Pueblo Industrial Park, a 28,800-square-foot industrial property located at 589 East Industrial Boulevard in Pueblo West. The asset sold for $3,650,000. “This was a rare opportunity to purchase the largest Small-Bay Industrial Park in the area located on over a 6-acre lot,” Cory […]

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Movers and Shakers Week Ending 02.10.23

Raise Commercial Real Estate Expands Presence with New Key Hires and Office Location Raise, a technology-powered commercial real estate brokerage firm, announced the expansion of its Denver team with three new key hires across its brokerage and analytics sectors, Matt Groppenbacher (senior advisor), Morgan Barstad (real estate advisor) and Megan Davis (market analyst). In addition

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Central Park Business Center Announces Two New Industrial Leases

Central Park Business Center, a recently constructed Class A industrial park in Denver’s Airport submarket, has signed two new leases bringing Building 1 (9525 E. 40th Ave.) to 100 percent occupancy. Restaurant supply company Trimark leased 34,255 square feet and Lifetime Windows is expanding in the park to occupy an additional 22,800 square feet. Confluent Development, a

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Local Developer Secures $31.16M Financing for Luxury Colorado Apartment Community

Denver-based Forum Real Estate Group, LLC recently refinanced its multifamily property Epoque Golden, a 120-unit, Class A, four-story community in Golden. JLL Capital Markets worked on behalf of the borrower team, including Forum Real Estate Group, LLC, to secure the $31.16 million, five-year, fixed-rate loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate

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Broe Real Estate Lands New Surgical Center

Denver-based Broe Real Estate will construct a new ambulatory surgery center at Mineral Medical Center, the multi-tenant medical building located at 1501 W. Mineral Avenue in Littleton. Acquired in 2019, Mineral Medical Center is Broe Real Estate Group’s latest MOB repositioning project, totaling nearly $300 million of successful medical conversions. Construction of the new surgical center

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Archway Communities Launches Affordable Housing Thought Leadership Blog

In an effort to open a conversation about the Affordable Housing Crisis, Archway Communities‘ CEO Sebastian Corradino has launched a Thought Leadership Blog that will be published quarterly. Mile High CRE is delighted to share this information with our readers. His first piece, published February 2, addresses the need for more affordable housing in Colorado.

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The Maven Honored Among the U.S. News & World Report 2023 Best Hotels in the USA

The Maven Hotel at Dairy Block has been honored in the U.S. News & World Report 2023 Best Hotels in the USA awards, released this week. The Maven earned a Gold Badge ranked as the No.5 hotel in Denver, touted for its rooms that are “beautifully decorated and full of natural light” featuring “floor-to-ceiling windows, leather

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Confluent Development Completes Vectra Bank Corporate Center

Confluent Development has completed Vectra Bank Corporate Center, a 127,000-square-foot, nine-story, mixed-use and corporate office building located within Belleview Station at I-25 and Belleview. On the heels of its official opening to employees in January 2023, the Corporate Center will bring together more than 200 employees from across the metro area to serve Vectra Bank customers and facilitate the

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CRE Veteran Mark Smith Named to 2023 Colorado Business Hall of Fame

Mark Smith, founding principal and managing partner of Slifer Smith & Frampton, as well as founding principal of East West Partners, has been inducted into the 2023 Class of the Colorado Business Hall of Fame, which honors outstanding individuals who have made legendary contributions to the free enterprise system and provide inspiration for the next generation.

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Mortenson Creatively Addresses the Labor Crisis and Increasing Diversity in the Workforce

By Elizabeth Erfling, senior project manager, Mortenson The last few years have been bumpy for the construction industry, to put it mildly. Between the supply chain crisis, materials pricing fluctuation and now inflationary headwinds, keeping projects on track has become a major challenge for even the most organized and well-sourced construction firms. The good news is that these

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