Author name: milehighcre

Sentry Insurance Opens New Regional Office to Better Serve Businesses in the Mountain States

Sentry Insurance has expanded its presence with a new regional office at Peakview Tower, a 10-story Class A office building located at 6465 S. Greenwood Plaza Blvd, in Greenwood Village. The expansion underscores Sentry’s commitment to building close relationships with local businesses. Sentry currently offers a full range of insurance products to many of the region’s […]

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Fully Leased Industrial Portfolio in Colorado Springs Sells for $54.3M

Denver-based Flywheel Capital (“Flywheel”) has sold its mission-critical Class A office/flex and industrial manufacturing/distribution portfolio in Colorado Springs to a private partnership for $54.3 million. The portfolio consists of two adjacent buildings totaling 289,018 square feet which Flywheel acquired in September 2018. Flywheel executed a significant capital improvement and repositioning program which resulted in the building being

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Developer Focused on For-Rent Housing for 55+ Adults Launches in Denver

According to the Population Reference Bureau (PRB), the number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060. Despite a growing demand for housing targeted at this demographic, severe housing supply shortages and an overall lack of affordability have led to an enormous

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Peak Innovation Park Secures Financing for Second Phase of Development

D.A. Davidson’s Special District Group, a nationally recognized team of capital market professionals, has successfully sold $64 million in Limited Tax General Obligation Bonds, Series 2022A-1 and Convertible Capital Appreciation Limited Tax General Obligation Bonds, Series 2022A-2 for the continued development of Peak Innovation Park. The bond proceeds will help finance the second phase of the development journey

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Movers and Shakers Week Ending 01.06.23

Wells Announces New Leadership in Mountain States Region Wells, one of the largest prefabricated building solutions providers in the United States, has promoted Steve Kloos to president/COO of Mountain States. A 27-year Veteran of Wells, Kloos has impacted many different aspects of the business and brings years of expertise in operational leadership. He started his

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Archway Communities, Inc. to Convert Campus Dorms in Denver into 154 Affordable Apartment Homes

On December 29, Archway Communities, Inc., a leader in providing quality affordable housing for Coloradans, closed on financing for four dormitory buildings on the former Johnson & Wales Campus located at 7150 Montview Blvd in Denver’s Park Hill neighborhood. Archway purchased the dormitories from Urban Land Conservancy (ULC), which acquired the campus in 2021 in partnership with

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Fifield Cos. Breaks Ground on Arden Englewood Apartments

Arden Englewood Apartments, a 302-unit, transit-oriented multifamily development, has broken ground on the site of the former Sports Authority headquarters parking lot located at 3615 S. Jason St. in Englewood, which has been vacant since 2016. “Englewood is one of the most connected communities in the Denver area and has been experiencing significant growth in terms

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City Announces Replacement of Larimer Street Bridge

The City and County of Denver officially announced this week that it will replace the 64-year-old Larimer Street bridge over Cherry Creek between 14th Street and Speer Boulevard to create better, safer connection between Auraria Campus and downtown Denver. Construction began in late fall of 2022 and is anticipated to be completed in fall of 2023. The project

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The Shops at Riverfront Park in Denver Sells for $11.8M

The Shops at Riverfront Park in downtwon Denver has sold for $11.8 million, or approximately $370 per square foot. The sale of the 31,898-square-foot multi-tenant asset — located at the base of three condo buildings — included the entirety of the commercial/retail space located within the Riverfront Park neighborhood. The buyer was a local private

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Colorado Coalition for the Homeless to Convert Newly Acquired Hotel into Supportive Housing

In December, the Colorado Coalition for the Homeless acquired the former Clarion Inn, located at 200 W. 48th Avenue in Denver, for $24 million. The Colation will transform the hotel into 215 units of supportive and transitional housing by mid-2023, known as Renewal Village. The purchase came during same week that President Biden signed a 1.7T omnibus spending bill that allocated

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