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Denver Construction Cost Increase in Q3 Below National Average

Leave a Comment / Construction, Development, Reports /

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide an eye-opening perspective on the North American construction industry in 14 key markets, including Denver. With data current to mid-Q3 2022, the latest RLB quarterly cost report shows that the […]

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Colorado Springs Shopping Center Sells for $19.5M

Leave a Comment / Brokerage, Retail /

Academy Plaza, which is co-anchored by Crunch Fitness and one of the world’s largest weapon manufacturers and military technology providers Northrop Grumman, has sold for $19.5 million. Brenton Baskin, managing director at Graystone Capital Advisors, and Julius Swolsky, the firm’s senior vice president, co-brokering alongside Bob Nolette of Front Range Commercial, represented the seller. “We utilized our

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New Cushman & Wakefield Report Details Denver’s Trajectory Approach to Building Decarbonization

Leave a Comment / Development, Energy, Multifamily, Office /

According to a new Cushman & Wakefield report: Denver’s Innovative Building Performance Standard Legislation, an estimated 40 percent of global greenhouse gas emissions come from the built environment. Because the built environment is concentrated in urban communities, cities are playing a major role in achieving the goal of decarbonizing the world. On November 22, 2021, the

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Unico Solar Gardens to Power T-Mobile Retail Locations

Leave a Comment / Development, Energy, Retail, Sustainability /

Excelsior Energy Capital, Unico Solar Investors and Namaste Solar recently broke ground on two community solar gardens in Greeley, totaling 4 megawatts of capacity. The single-axis tracker solar installations are designed and being built by Namaste Solar, an employee-owned cooperative based in Colorado. The installations are located on land leased from Charles and Debra Bird

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Boyd Lake Commerce Center Breaks Ground in Loveland

Leave a Comment / Brokerage, Construction, Development, Industrial /

The new Boyd Lake Commerce Center, an industrial manufacturing and distribution project totaling ±1 million square feet, has broken ground in Loveland. The new Northern Colorado project is launching with the speculative construction of a 100,117-square-foot freestanding building on 9 acres that can accommodate a single or multi-tenant user along with outdoor storage space and

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Denver Office Sublease Availability Peaks while Industrial Leasing Activity Reaches New High

Leave a Comment / Brokerage, Development, Industrial, Office, Reports /

CBRE has released its latest quarterly office and industrial reports. In Q3 2022, office sublease availability in metro Denver reached a peak of 5.4 million square feet. Increasing 13.9% quarter-over-quarter, sublease availability soared above its previous peak of 5.1 million sq. ft. in Q2 2021. While sustained tenant demand fueled healthy industrial leasing activity through Q3

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Apartment Property in Denver Opportunity Zone Sells for $10.5M

Leave a Comment / Brokerage, Investment, Multifamily /

Denver-based Tekton Group, a real estate private equity firm with a deep investment history in Colorado, has purchased The Mile Apartments — located in an opportunity zone at 1598 Hooker Street near Sloan’s Lake Park and Mile High Stadium — for $10.5 million. The 24-unit building is a brand-new construction 5-story building, consisting of 18,956 square feet

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Movers and Shakers Week Ending 10.07.22

Leave a Comment / Movers and Shakers /

Prime West Adds Two to Leadership Team Prime West, a Colorado-based commercial real estate firm, recently announced that Jeff Farmer and Max Anderson have joined the firm’s leadership team. Farmer will serve as vice president of multifamily development, while Anderson has been named vice president of development management. In his role as Vice President of

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Alliance Construction Solutions Making Progress on RidgeGate Affordable Housing Project

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

Alliance Construction Solutions is progressing smoothly as they near completion on RidgeGate Affordable Housing, located at 10810 Rail Way in Lone Tree, in close proximity to the RTD RidgeGate Light Rail station. The project will total 90,900 square feet, constructed of a concrete podium with four stories of wood frame construction and 67 units of affordable housing. These units will consist

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CFC Construction, Inc. Acquired by Utah-Based Construction Firm

Leave a Comment / Construction, Development /

Following more than four decades working in the Centennial state, Golden-based CFC Construction Inc. has been acquired by Salt Lake City, Utah-Big-D Construction. Serving Colorado and neighboring states for 45 years, CFC Construction will continue to be locally managed and operate under the same name. Chairman and Founder, EJ Olbright, will continue in his role with CFC,

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