Author name: milehighcre

Movers and Shakers Week Ending 07.07.23

RiNo Art District Names Sarah Cawrse Director of Urban Strategy & Design RiNo Art District, a 501(c)(6) nonprofit arts organization dedicated to fostering a welcoming, creative community where a diversity of artists, residents and businesses thrive, announced the hire of Sarah Cawrse, who will join the organization as director of Urban Strategy & Design. “Working

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The Slate Denver Receives Hilton Americas Development Award

Stonebridge Cos., a Denver-based, privately owned, innovative hotel owner, operator and developer, has been recognized with a Hilton 2022 Americas Development Award for adaptive reuse for its downtown Denver property The Slate Denver, Tapestry Collection by Hilton. The Hilton Americas Development Awards recognize the achievements of owners, development partners and hotel teams in the Americas across several

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KeyBank Provides $117M Financing for Two Affordable Housing Developments in Colorado

KeyBank Community Development Lending and Investment (CDLI) recently provided $117.7 million of financing to Brinshore Development and Mile High Development, leading developers of affordable multifamily communities, for the construction of two properties in Colorado. CDLI provided $56.9 million of financing to fund the new construction of Ralston Gardens Apartments, a 102-unit family project in Arvada, which will serve low-income

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Q&A with Alicia Clark, Partner at Ballard Spahr

Across the country, those with investments in office buildings — owners, investors, tenants, lenders, and bondholders — are staring down a perfect storm of distress: rising interest rates, record-high vacancies and operating costs, constrained capital, and more than $900 billion in commercial real estate debt set to mature. Meanwhile, others see opportunity. To help clients

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Trion Properties Acquires Apartment Community in Aurora

Trion Properties, a multifamily real estate investment company based in Los Angeles, Calif. and Miami, Fla., has acquired Trailpoint on Highline, a 198-unit apartment community located in Aurora. Managing Director Nick Steele and Director Nate Moyer of Berkadia Denver represented the seller, Castle Hill Corporation, a private investment firm based in Austin, Texas. Berkadia Senior Managing Director

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Nearly 60% of Office Vacancy Concentrated in Just 10% of Buildings

JLL’s latest Chart of the Week reveals that nearly 60 percent of Denver’s office vacancy is concentrated in just 10 percent of buildings. Janessa Biller, vice president at JLL Denver, commented: “I get asked all the time who is still leasing office space and this graph illustrates that companies want to be where the “buzz” is. In Denver’s

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Southeast Denver’s Greenwood Plaza Renews Kaiser Permanente in 120,979 SF Lease

Cushman & Wakefield announced that One & Two Greenwood Plaza has extended its lease term with Kaiser Permanente for 120,979 square feet of space at the Class A office campus in Englewood. Kaiser serves as the anchor tenant of the two-building project totaling 197,528 square feet. The suburban campus is owned by Franklin Street Properties. Cushman &

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First Hyatt House Hotel in Colorado Springs Debuts

Hyatt House Colorado Springs Airport celebrated its official opening in June, marking the first Hyatt House hotel in Colorado Springs. Owned by Coughlin & Company, Inc. and managed by 5 Senses Hospitality Management, the hotel is conveniently located less than a five-minute drive from Colorado Springs Airport and aims to provide guests with the service and convenience of hotel

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Conscience Bay Company Acquires Seagate Campus in Longmont

Conscience Bay Company (“CBC”) and its partner, Battery Global Advisors (“BGA”), have acquired the Seagate campus — a 533,238-square-foot, state-of-the-art R&D facility situated on 40.5 acres in Longmont — from Seagate Technology Holdings, which leased back the R&D facility for 10 years. Essex Financial arranged a $58.5 million acquisition loan for the purchase of 389 Disc Drive. The

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RiNo Art District and Denver Parks & Recreation Celebrate Completion of New Community and Performance Art Venue

RiNo Art District, a 501(c)(6) nonprofit arts organization dedicated to fostering a welcoming, creative community where a diversity of artists, residents and businesses thrive, hosted a ribbon-cutting ceremony with its partner, Denver Parks & Recreation (DPR), to celebrate the opening of a brand-new community and performing arts venue in Arkins Park. “This has been an

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