Author name: milehighcre

Pinnacle Closes Two Multifamily Sales in Metro Denver

Pinnacle Real Estate Advisors, LLC announced the sale of two apartment communities in July. Chris Knowlton, vice president, Mark Knowlton, advisor, and Jim Knowlton, owner/principal, with the Knowlton Lawson Team at Pinnacle, announced the sale of the Virginia Marie Apartments at 600 S Logan Street in Denver. The 12-unit property sold on July 7 for a […]

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Residential and E-Commerce Growth Spur Need for Outdoor Storage

Marcus & Millichap (NYSE: MMI) has published a special report on Industrial Outdoor Storage (IOS) properties. “As growing e-commerce underscores the need for this historically lesser-known segment of the industrial sector, IOS properties have emerged as some of the most prominent niche commercial real estate investments in the marketplace today,” said Alan Pontius, senior vice president

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Movers and Shakers Week Ending 07.28.23

RiNo Art District Appoints Edwin Rapp Chief Financial Officer RiNo Art District, a 501(c)(6) nonprofit arts organization dedicated to fostering a welcoming, creative community where a diversity of artists, residents and businesses thrive, recently announced the hire of Edwin Rapp to serve as the organization’s Chief Financial Officer. “As a seasoned leader with decades of proven

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Denver-Based CRE Firm Recognized as Best-In-Class for Tenant Satisfaction

Griffin Partners, an entrepreneurial commercial real estate investment, development and property management firm with an office in Denver, is thrilled that 16 of its properties were named winners of the 2023 Kingsley Excellence Awards, which recognize CRE organizations who continually exceed industry standards and consistently deliver an outstanding tenant experience. The award-winners included both owned

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LoDo Looks Primed to Outperform the Wider Market for Years to Come

According to JLL’s latest research Chart of the Week, location, quality, and amenities continue to drive growth in the LoDo submarket. • Tenants looking to expand operations target downtown: Through relocations, expansions, and new leases, LoDo has grown into a hot spot for office users. Since 2020, LoDo has outperformed the rest of the market in nearly all size

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Denver Ranks 9th in US for Residential Construction

Fueled by a population surge that’s been driving up demand for housing, Denver has seen intense activity in the residential development market. The city, which continues to attract skilled talent with a robust science and technology employment scene, has amplified construction efforts particularly in the multifamily sector. The latest Yardi Matrix research into residential real estate

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Altus Properties Acquires Fully Leased Single-Tenant Asset in Colorado Springs

Altus Properties, a St. Louis-based real estate investment and development firm with a portfolio of industrial, retail, multifamily and office assets, has acquired a Class A industrial manufacturing/distribution building totaling 97,094 square feet in Colorado Springs. Located at 10205 Federal Drive, the property is 100 percent leased and serves as the headquarters for ConcealFab Corporation

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Demolition Ceremony Marks New Beginnings for 10th and Sheridan Intersection in Lakewood

On July 25, Trailbreak Partners and Lakewood’s Economic Development Division began the highly anticipated demolition of the Holiday Shopping Center at the southwest corner of West 10th Ave. and Sheridan Blvd. The demolition ceremony took place at 955 N. Sheridan Blvd., marking a significant milestone in the ongoing revitalization efforts of the area. This momentous occasion marks

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Overcoming the Split Incentive with Solar

By Rachel Mountain For commercial property owners with triple net leases (NNN), recouping the costs of a capital energy improvement can be a barrier to making sustainable investments. Typically, these improvements lower the tenants’ utility bills in NNN leases, so the owner is not financially incentivized to invest. This is known as the “split incentive.”

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The Broe Group Adds The Seasons to its Expansive Cherry Creek Portfolio

The Broe Group has acquired The Seasons of Cherry Creek. The signature Class A, Cherry Creek multifamily community is The Broe Group’s latest addition to its long-term, family-owned Cherry Creek holdings that include award-winning multifamily communities and an expansive Class A commercial office portfolio. “For more than four decades, the Broe family and The Broe Group have called

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