Author name: milehighcre

data center

CoreSite Expands Data Center Footprint in Denver and Silicon Valley

CoreSite, a leading hybrid IT solutions provider and a subsidiary of American Tower Corporation, today announced the continued expansion of its Denver and Silicon Valley data center campuses, to meet the dynamic digital infrastructure requirements of public and private cloud providers, enterprises, network, and service providers. As a leading interconnection provider, CoreSite is adding its […]

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Denver

Navigating Denver’s Housing Shortage in an Era of Transformation

By Adam Berkelhamer, AIA, associate principal, FitzGerald The City of Denver is evolving. The 2020 U.S. Census tracked a population growth within the city of nearly 20 percent over the ten years prior, and this kind of growth naturally brings about change. A city that was long considered a bargain for those seeking access to

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“Expanding Housing Affordability” Deadlines Extended for Existing Projects

On Monday, May 22, Denver City Council voted in favor of extending the deadlines of the city’s Expanding Housing Affordability (“EHA”) ordinances. The extensions maintain the intent of the ordinance as originally adopted by allowing adequate time for existing projects to move through development permitting. The extensions do not apply to any projects that were

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CBRE Survey: 65% of Companies Require Employees Return to the Office

CBRE has announced the results of its largest survey specific to office users, with 207 corporate real estate executives represented. According to the survey, companies are more proactive about office attendance than last year: 65% say they’re requiring in-office work at least some of the time. This is more than double the number of respondents

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office towers

Two Interconnected Office Towers in LoDo Refinanced

JLL Capital Markets recently arranged a $66 million refinancing for 1400 Wewatta and 1401 Wynkoop, two interconnected, Class A office towers in Denver’s LoDo submarket.  JLL represented the borrower and operator, Crestone Partners, respectively, to secure the five-year, fixed-rate loan through an international correspondent life insurance company.  1400 Wewatta and 1401 Wynkoop offer 279,188 square feet

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affordable housing community

Affordable Housing Community Breaks Ground on Former Johnson & Wales Campus

On May 18, Archway Communities held a groundbreaking ceremony for its affordable housing development on the Mosaic Community Campus located at 7150 Montview Blvd, Denver. Archway, a leader in providing quality affordable housing for Coloradans, has begun renovations on four historic dormitory buildings at the former Johnson & Wales Campus in Denver’s Park Hill Neighborhood.

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Lake Steam Baths

58-Key Hotel Proposed for Denver’s Lake Steam Baths

Boom Car Wash LLC, the new owners of the Lake Steam Baths, a bathhouse and spa facility located at 3540 W. Colfax Ave. in Denver, has submitted a proposal to the city to build a five-story, 58-key boutique hotel called The Lake Hotel, with underground parking and a spa. Denver-based Real Architecture is the designer

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Best Interstate Inn Wheat Ridge Sells for $5.5M

The Best Interstate Inn, a budget-friendly, 100-room hospitality property located in Wheat Ridge, has sold for $5.5 million. According to Marcus & Millichap, the two-building, 40,928-square-foot offering is situated across 3.07 acres and provides the buyers with a multifamily conversion opportunity. Christy McDougall, associate, in Marcus & Millichap’s Denver office, had the exclusive listing to

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self storage

Denver’s Self Storage Market Saw Busiest Year on Record in 2022

One sector of Denver’s commercial real estate had a busy year in 2022 as spending on self storage space surged to $100 million. That’s according to StorageCafe’s most recent industry sales report which examines the state of the sales market and seeks to identify the top self storage markets based on investment volume in 2022. Denver’s

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Movers and Shakers Week Ending 05.19.23

McWhinney Names Keith Hurand Executive Vice President of Master-Planned Communities  McWhinney, a national real estate investment, development and management firm with expertise in commercial, multifamily, hospitality, residential and mixed-use assets, has expanded its leadership team to include Keith Hurand as executive vice president of its master-planned communities business line.  In this role, Hurand will lead

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