Author name: milehighcre

Fifield Cos. Breaks Ground on Arden Englewood Apartments

Arden Englewood Apartments, a 302-unit, transit-oriented multifamily development, has broken ground on the site of the former Sports Authority headquarters parking lot located at 3615 S. Jason St. in Englewood, which has been vacant since 2016. “Englewood is one of the most connected communities in the Denver area and has been experiencing significant growth in terms […]

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City Announces Replacement of Larimer Street Bridge

The City and County of Denver officially announced this week that it will replace the 64-year-old Larimer Street bridge over Cherry Creek between 14th Street and Speer Boulevard to create better, safer connection between Auraria Campus and downtown Denver. Construction began in late fall of 2022 and is anticipated to be completed in fall of 2023. The project

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The Shops at Riverfront Park in Denver Sells for $11.8M

The Shops at Riverfront Park in downtwon Denver has sold for $11.8 million, or approximately $370 per square foot. The sale of the 31,898-square-foot multi-tenant asset — located at the base of three condo buildings — included the entirety of the commercial/retail space located within the Riverfront Park neighborhood. The buyer was a local private

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Colorado Coalition for the Homeless to Convert Newly Acquired Hotel into Supportive Housing

In December, the Colorado Coalition for the Homeless acquired the former Clarion Inn, located at 200 W. 48th Avenue in Denver, for $24 million. The Colation will transform the hotel into 215 units of supportive and transitional housing by mid-2023, known as Renewal Village. The purchase came during same week that President Biden signed a 1.7T omnibus spending bill that allocated

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How to Assess a Commercial Solar Proposal

By Rachel Mountain You’ve researched solar and found that it can be a great financial investment for commercial property owners. Of course, you now want to know how solar could benefit your specific property, so the next step is requesting a proposal from a reputable company. Every solar proposal comes with a different design, assumptions, and financial model.

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High Interest Rates and a Recession Will Make 2023 Challenging for CRE

According to CBRE’s 2023 United States Real Estate Outlook, high interest rates and a recession will make 2023 a challenging year for commercial real estate. Though inflation eased in late 2022, it was still running at more than 7%. The Fed will continue raising rates until it sees a marked reduction in inflation nearer to

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Laws Whiskey House to Expand its Tasting Room

Laws Whiskey House, a Denver-based whiskey distillery, has partnered with BOSS.architecture and FLUX Partner Group on the expansion of its tasting room located in the South Broadway neighborhood at 1420 South Acoma Street. The project will add approximately 3000 square feet, according to Westword. Read the full story here.

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The Largest U.S. Coworking Operators of 2022 Announced

Remote and hybrid working models, coupled with the rise in the share of freelance workers, fueled demand for coworking space in 2022. And coworking operators have continued to innovate in an effort to keep up with the rapidly changing landscape of the up-and-coming market segment. With the new year just around the corner, researchers at

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Denver International Airport Celebrates 2022 Milestones

The year flew by, and Denver International Airport (DEN) is ready for takeoff in 2023. DEN is looking back on a year marked by accomplishments, milestones and opportunities. Among the most notable (in no particular order): Full Recovery of DEN’s Air Service Network DEN’s air service network recovered to near pre-pandemic levels as new gate

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