Author name: milehighcre

W.E. O’Neil Construction Acquires Downtown Littleton Building for its New Colorado Headquarters

W.E. O’Neil Construction Company has purchased 5800 S. Nevada Street in Littleton for $5.6 million. The building will serve as the company’s new Colorado headquarters. W.E. ONeil will occupy the facility in late 2023 and is currently offering its Denver location, 227-229 Vallejo Street, for sale or lease. RC Myles, managing broker at Thrive Commercial Group, and […]

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HomeAid Colorado Distributes 2.4M Baby Essentials

Friday, June 23 was the biggest day of the year for HomeAid Colorado. After a month-long online donation drive, HomeAid was able to purchase 1.4 million diapers and 1 million wipes. In a parking lot at DICK’S Sporting Goods Park, over 250 energetic volunteers helped load the trucks of 41 service providers so they can distribute

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Taurus Builders to Complete Multiple Tenant Build-Outs at 240 St. Paul

Taurus Builders, a Denver-based full-service commercial construction firm, is under construction on three tenant spaces at 240 St. Paul, a six-story, 83,594-square-foot class A office building in Cherry Creek. Taurus’ scope of work includes major structural modifications to the interior and exterior of the building to accommodate each tenant. “Having worked with the previous building

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Movers and Shakers Week Ending 07.07.23

RiNo Art District Names Sarah Cawrse Director of Urban Strategy & Design 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, announced the hire of Sarah Cawrse, who will join the organization as director of Urban Strategy & Design. “Working

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The Slate Denver Receives Hilton Americas Development Award

Stonebridge Cos., a Denver-based, privately owned, innovative hotel owner, operator and developer, has been recognized with a Hilton 2022 Americas Development Award for adaptive reuse for its downtown Denver property The Slate Denver, Tapestry Collection by Hilton. The Hilton Americas Development Awards recognize the achievements of owners, development partners and hotel teams in the Americas across several

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KeyBank Provides $117M Financing for Two Affordable Housing Developments in Colorado

KeyBank Community Development Lending and Investment (CDLI) recently provided $117.7 million of financing to Brinshore Development and Mile High Development, leading developers of affordable multifamily communities, for the construction of two properties in Colorado. CDLI provided $56.9 million of financing to fund the new construction of Ralston Gardens Apartments, a 102-unit family project in Arvada, which will serve low-income

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Q&A with Alicia Clark, Partner at Ballard Spahr

Across the country, those with investments in office buildings — owners, investors, tenants, lenders, and bondholders — are staring down a perfect storm of distress: rising interest rates, record-high vacancies and operating costs, constrained capital, and more than $900 billion in commercial real estate debt set to mature. Meanwhile, others see opportunity. To help clients

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Trion Properties Acquires Apartment Community in Aurora

Trion Properties, a multifamily real estate investment company based in Los Angeles, Calif. and Miami, Fla., has acquired Trailpoint on Highline, a 198-unit apartment community located in Aurora. Managing Director Nick Steele and Director Nate Moyer of Berkadia Denver represented the seller, Castle Hill Corporation, a private investment firm based in Austin, Texas. Berkadia Senior Managing Director

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Nearly 60% of Office Vacancy Concentrated in Just 10% of Buildings

JLL’s latest Chart of the Week reveals that nearly 60 percent of Denver’s office vacancy is concentrated in just 10 percent of buildings. Janessa Biller, vice president at JLL Denver, commented: “I get asked all the time who is still leasing office space and this graph illustrates that companies want to be where the “buzz” is. In Denver’s

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Southeast Denver’s Greenwood Plaza Renews Kaiser Permanente in 120,979 SF Lease

Cushman & Wakefield announced that One & Two Greenwood Plaza has extended its lease term with Kaiser Permanente for 120,979 square feet of space at the Class A office campus in Englewood. Kaiser serves as the anchor tenant of the two-building project totaling 197,528 square feet. The suburban campus is owned by Franklin Street Properties. Cushman &

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