milehighcre, Author at Mile High CRE

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

Leave a Comment / Architecture, Construction, Development, Multifamily / milehighcre

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

Leave a Comment / Awards, Finance, Reports / milehighcre

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

Leave a Comment / Development, Investment, Multifamily / milehighcre

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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CoreSite Expands Data Center Footprint in Denver and Silicon Valley

Leave a Comment / Construction, Data Centers, Development, Energy / milehighcre

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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Navigating Denver’s Housing Shortage in an Era of Transformation

Leave a Comment / Affordable Housing, Construction, Design, Development, Feature, Multifamily / milehighcre

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

Leave a Comment / Construction, Development / milehighcre

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

Leave a Comment / Office, Reports / milehighcre

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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Two Interconnected Office Towers in LoDo Refinanced

Leave a Comment / Brokerage, Finance, Office / milehighcre

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 Breaks Ground on Former Johnson & Wales Campus

Leave a Comment / Affordable Housing, Construction, Development, Multifamily / milehighcre

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

Leave a Comment / Architecture, Construction, Development, Hospitality, preservation, Renovation / milehighcre

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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Author name: milehighcre