Author name: milehighcre

Newly Built Retail Property in Colorado Springs Sells for $8.5M

Marcus & Millichap announced today the $8.5 million sale of the Sand Hill Shops property located at 7875-7895 Silicon Heights in Colorado Springs. The property was 100 percent leased at the time of sale, includes eight tenants, and features two drive-thrus. Built in 2022, the 5,706-square-foot property was sold by Armstrong Capital Development, an investment company […]

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Lovett Industrial Acquires 15 Acres in Denver for Industrial Development

Houston-based real estate investment firm Lovett Industrial closed on 14.95 acres of land in Denver in early September 2022, and in November, broke ground on Broadway Logistics Center, a 201,329-square-foot Class A front-park rear-load building. “The Denver MSA’s population growth shows no signs of slowing. Broadway Logistics Center is uniquely positioned to serve the core of

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Central Denver Office Warehouse Sells for First Time in 50 Years

A 44,986-square-foot office, light industrial and warehouse facility located at 2506-2596 West Barberry Place in Denver that has been privately held since the late 1960s, has been sold to a Canada-based fund for $7,965,000. Prior to the closing, the facility had been privately held since the late 1960s. The property was fully leased to ten tenants at the time

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Apprenticeship Opportunities Create Sustainable Talent Pipelines

By Kelsey Glass Due to “The Great Resignation,” companies in several industries specific to commercial development have had to seek different and less-thought-of sources for recruiting and hiring talent than what has traditionally worked in the past. Gone are the days of posting a job on a recruitment website or association job board and garnering a multitude of applicants. Today,

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Luxury Townhome Development in Keystone 80% Sold Before Breaking Ground

The first new home development to be constructed in River Run Village in over 20 years, is now over 80 percent sold, only two weeks following the developer’s land purchase. As pioneers in the original development of Keystone Resort, Colorado’s River Run Village, former executives of Intrawest Corporation have returned to Keystone under the banner

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Kaiser Permanente to Invest $100M to Build State-of-the-Art Medical Facilities in Colorado

To enhance service for its current members and to prepare for future growth, Kaiser Permanente recently announced it is investing $100 million to build new and upgraded state-of-the-art medical facilities in eight communities across Colorado’s Front Range. Two brand-new facilities will replace existing medical offices in leased spaces in Parker and Pueblo. The new medical

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Schnitzer West Breaks Ground on First Luxury Residential Community in Denver’s Tech Center 

Schnitzer West has broken ground on its luxury residential community, The Avant, in the Denver Tech Center. The community is the first development from Schnitzer West Living (SW Living), the company’s newly introduced multifamily platform. SW Living and Mitsui Fudosan America (MFA) are co-equity partners, and MFA will also provide construction financing for the project.   Schnitzer

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Ascent Living Communities Adds Glenwood Springs Senior Living Community to its Colorado Portfolio

Colorado-based senior living owner and operator, Ascent Living Communities (ALC) has aquired Roaring Fork Senior Living in Glenwood Springs — the largest senior living community in a three-county region — expanding the company’s footprint in the state. ALC will serve as owner/operator of the property in a financial partnership with Dillin Corp., the nationally-recognized, award-winning

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Shears Adkins Rockmore Celebrates 20 Years

Denver-based architecture, interior design, and planning firm Shears Adkins Rockmore (SAR+) is celebrating its 20th anniversary of operation in the business of design. With a team of nearly 70 professionals today, SAR+ has been planning, designing and executing urban infill, mixed-use projects across the country since its founding. From Longmont to Denver, Boulder to San Diego, Kansas City to New

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Multifamily Development Driving Denver Self Storage Market to New Heights

Multifamily development naturally creates an increased customer base for self storage. It’s no accident then that storage spaces have been springing up in places where residential development is intense. In the Denver metro area, the apartment boom of the last decade drove self storage construction to new heights. According to RentCafe, an online platform that

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