Author name: milehighcre

Fort Collins Retail Property Sells for $9.25M

An entity affiliated with Fort Collins-based Dellenbach Chevrolet Inc. has purchased a 65,450-square-foot retail property located at 200 W. Foothills Parkway in Fort Collins for $9.25 million, in an off-market transaction. Peter Kast and Steve Stoecker with CBRE’s Fort Collins office represented the buyer. Jason Ortiz, formerly with Cornerstone Real Estate Investment Advisors and now […]

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housing

Colorado Needs More Housing: Here are Four Things We Can Do to Help Solve that Problem

In an effort to open a conversation about the Affordable Housing Crisis, Archway Communities‘ CEO Sebastian Corradino recently launched a Thought Leadership blog that will be published quarterly. Mile High CRE is delighted to share this information with our readers… Like all real estate, housing demand is driven by market forces – national, regional, and

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SMPS Celebrates Marketing Excellence at Colorado’s Top AEC Firms

SMPS Colorado recently celebrated the achievements of Colorado’s top AEC firms and professionals at the chapter’s Marketing Excellence Awards event at the Social Capitol (Footers) in Arvada. Emceed by Barbara Jackson, the awards allow the chapter to recognize excellence in marketing communications by professional services firms in the design and construction industry. This year, 60

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Gym Property in Buena Vista Awarded Brownfields Cleanup Grant

The U.S. Environmental Protection Agency (EPA) today announced Watershed NP, Inc., will receive a $979,222 Brownfields Cleanup Grant, funded by the Bipartisan Infrastructure Law, to clean up the 5,450-square-foot former McGinnis Gymnasium at 113 North Court Street in the City of Buena Vista, Colorado. EPA’s award for the Buena Vista project is among six Brownfields

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Alliance Construction Solutions Completes Construction of Stanley House Apartments

Alliance Construction Solutions (Alliance), a Denver-based general contractor, has completed construction on Stanley House Apartments. The project had a construction start in July 2021 with the celebration of a successful Topping Out event in 2022. “This has been a great project to work on, which is a testament to the strong team we had. From

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Granite Capital Group Closes $46M Sale of Multifamily Community in Henderson

Granite Capital Group (GCG), a Santa Barbara, Calif. real estate investment firm with multiple real estate holdings in Colorado, Montana, Texas and California, has completed the $46 million sale of Enclave Belle Creek, a 167-unit multifamily and townhome community in Henderson, Colorado. The name of the buyer was not disclosed. The property was first acquired

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Brookfield Residential Announces Land Acquisition in Central Park

Building on its mission to create developments that seamlessly integrate into the community, Brookfield Residential has announced the acquisition of 1.499 acres of land in the heart of Denver’s Central Park neighborhood, where 37 townhomes will soon be developed. The home builder and land developer has built 182 homes in Central Park to date, and thousands

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LA-Based Investment Firm Secures $73M Loan for First Multifamily Development in Colorado

Banyan Residential, an LA-based real estate investment firm, has closed a $73 million loan to finance the construction of Banyan High Point, a 399-unit multifamily development in Aurora. The project is being developed in collaboration with Bridge Investment Group. Construction is expected to begin in early June 2023 with estimated completion slated for Q1 2025.

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B:Side Capital Honors Collegiate Peaks Bank with its 2022 Emerging 504 Bank Award

B:Side Capital, a mission-based nonprofit small business lender, has awarded Collegiate Peaks Bank with the Emerging 504 Bank Award, highlighting its dedication and partnership in Small Business Administration (SBA) lending. Every year, B:Side Capital recognizes its partner lending institutions that have gone above and beyond to support the small business community through SBA lending. As

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Denver-Based Avanti Acquires Kansas City Apartment Community

As part of a continued effort to seek compelling investment opportunities in the Kansas City market, nationwide multifamily investor and operator Avanti Residential has acquired the 308-unit Summit Square apartments in the Kansas City metropolitan area for $80 million. Avanti now owns eight apartment communities in the greater Kansas City market as the firm continues

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