Author name: milehighcre

Rent Report Shows Substantial Decrease in Q4 Rent in Denver, While Vacancies Increase Overall

This week, the Apartment Association of Metro Denver (AAMD) released its 2022 Fourth Quarter Vacancy & Rent Report for Metro Denver. The average apartment rent went down $32 from the 3rd quarter, which amounts to an extra $384 of savings per year in the pockets of Denver area renters – at a time when basic […]

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Natural Object Closes on First Acquisition

Natural Object, the Denver-based development firm spearheaded by former Zeppelin Development leadership, has acquired the building at 2839 W. 44th Avenue, a mixed-use property in the Sunnyside neighborhood of Denver. The two-story building was constructed in 1952 and will be renovated and repositioned to include independent retail on the ground floor and creative office spaces on the second

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The Dinerstein Companies Announces Development Plans for Atlas Longmont

The Dinerstein Companies, a Houston-Based full–service real estate and development company, announced today the plans for its newest Atlas branded property, Atlas Longmont, a 371–unit apartment community located in Longmont. “We are excited to introduce our new Atlas brand under The Dinerstein Companies,” said Josh Vasbinder, West Coast partner at The Dinerstein Companies. “We have a proven track record in Colorado and

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Southeast Aurora Recreation Center and Fieldhouse Celebrates Grand Opening

This week, global design firm Populous, Saunders Construction, and the City of Aurora will celebrate the grand opening of Southeast Aurora’s 77,000-square-foot recreation center and field house at 25400 E Alexander Dr. Construction commenced in February 2021, following an extensive public input process. The $41.9 million center reflects the needs and wants of the community in the

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Blue Federal Credit Union Announces 20th Branch In Superior

Blue Federal Credit Union recently celebrated the grand opening of its latest Denver Metro branch in the City of Superior, Colorado. This marks the 20th Blue Federal Credit Union branch in Colorado and Southern Wyoming. The branch is located just east of Target in the Superior Marketplace, near US 36 and McCaslin Boulevard. This state-of-the-art branch allows an additional

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Multifamily Development Company Moving HQ to the Denver Tech Center

In February 2023, The Garrett Companies, a full-service multifamily development, construction, and management team, will relocate its headquarters in Lone Tree to one of Denver’s most distinctive and visible Class A buildings in the Denver Tech Center. Garrett Companies will occupy the entire 8th floor, for a total of 22,000 square feet, at 5075 S. Syracuse

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Five-Property Portfolio Near Meow Wolf Denver Sells for $7.35M

A five-property portfolio west of I-25 in Denver’s Lincoln Park neighborhood, comprised of five addresses along seven parcels of land, has sold to KSE Revesco Zuni, LLLP, for $7.35 million. The properties including 1380 and 1432 N Zuni St. and 1940, 1948 and 1950 W 14th Ave, consist of three industrial buildings and two land

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Movers and Shakers Week Ending 01.20.23

TCC Promotes Erik Hagevik to Lead Colorado Operations Trammell Crow Company (TCC), a global commercial real estate developer, has promoted Erik Hagevik to lead market operations for TCC Denver. In this role, Erik will oversee the day-to-day operations of the office and the strategic oversight of all new development and investment activity throughout Colorado. He

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Denver Office Space Among 50 Priciest U.S. Office Submarkets in Q4 2022

During the recent years of cascading challenges, the U.S. office market has undergone remarkable changes. And, signs of recovery are gradually emerging as we move into the new year. CommercialSearch ranked the top 50 most expensive office submarkets in Q4 2022, using the latest data provided by CommercialEdge. The Lower Downtown submarket in Denver landed

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Sale of Parker Retail Asset Highlights Shift in Investor Demand for Suburban Retail Centers

Parker Keystone, a 16,600-square-foot trophy asset located at 19240-19250 East Lincoln Avenue in Parker, has sold to a publicly traded REIT. Cory Gross, first vice president of investments in Marcus & Millichap’s Denver office, arranged the transaction on behalf of Armstrong Capital Development (ACD), a private development company. “This sale highlights the shift in capital we are seeing

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