Author name: milehighcre

CBRE Releases Colorado Springs Reports for Industrial, Office and Retail Markets

CBRE has released its Colorado Springs H2 2022 reports for office, industrial and retail property market performance for the second half of 2022. According to the findings, industrial availability compressed as activity remained strong to year end, while office fundamentals remained stable as investment sales declined. The retail market remained active as available space continued to tighten. Industrial […]

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Crescent Acquires Element Basalt Aspen Hotel

Element Basalt Aspen, a 113-key extended-stay hotel in Basalt near Aspen, has sold to Crescent Real Estate LLC (Crescent). JLL represented the seller, Silverwest Hotels, LLC, and procured the buyer. JLL also secured acquisition financing for the buyer. A sale price was not disclosed. Jason Anderson, Co-CEO of Crescent stated, “Crescent is extremely pleased to announce the

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McWhinney Honored With National Design Awards

McWhinney recently won three platinum awards for its Kinston Hub in the 2022 Best in American Living™ Awards (BALA) by the National Association of Home Builders (NAHB). The awards were announced on Feb. 1 during the 2023 International Builders’ Show in Las Vegas. The awards were all platinum in all three categories (the highest level

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The Marketplace at Centerra Adds New Retailers

Centerra announced new retail partners at McWhinney’s The Marketplace at Centerra: The Blonding Parlour, Impact Chiropractic, Dollar Tree and Five Below. Located off Highway 34 at 5704 McWhinney Blvd. in Loveland, these new businesses join PetSmart, Old Navy, Marshalls, Target, Sportsman’s Warehouse and Jo-Ann Fabrics, among many others. The Blonding Parlour is a locally owned and

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Rare Industrial Park in Pueblo Sells for $3.6M

The Denver office of Marcus & Millichap announced today the sale of Pueblo Industrial Park, a 28,800-square-foot industrial property located at 589 East Industrial Boulevard in Pueblo West. The asset sold for $3,650,000. “This was a rare opportunity to purchase the largest Small-Bay Industrial Park in the area located on over a 6-acre lot,” Cory

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Movers and Shakers Week Ending 02.10.23

Raise Commercial Real Estate Expands Presence with New Key Hires and Office Location Raise, a technology-powered commercial real estate brokerage firm, announced the expansion of its Denver team with three new key hires across its brokerage and analytics sectors, Matt Groppenbacher (senior advisor), Morgan Barstad (real estate advisor) and Megan Davis (market analyst). In addition

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Central Park Business Center Announces Two New Industrial Leases

Central Park Business Center, a recently constructed Class A industrial park in Denver’s Airport submarket, has signed two new leases bringing Building 1 (9525 E. 40th Ave.) to 100 percent occupancy. Restaurant supply company Trimark leased 34,255 square feet and Lifetime Windows is expanding in the park to occupy an additional 22,800 square feet. Confluent Development, a

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Local Developer Secures $31.16M Financing for Luxury Colorado Apartment Community

Denver-based Forum Real Estate Group, LLC recently refinanced its multifamily property Epoque Golden, a 120-unit, Class A, four-story community in Golden. JLL Capital Markets worked on behalf of the borrower team, including Forum Real Estate Group, LLC, to secure the $31.16 million, five-year, fixed-rate loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate

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Broe Real Estate Lands New Surgical Center

Denver-based Broe Real Estate will construct a new ambulatory surgery center at Mineral Medical Center, the multi-tenant medical building located at 1501 W. Mineral Avenue in Littleton. Acquired in 2019, Mineral Medical Center is Broe Real Estate Group’s latest MOB repositioning project, totaling nearly $300 million of successful medical conversions. Construction of the new surgical center

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Archway Communities Launches Affordable Housing Thought Leadership Blog

In an effort to open a conversation about the Affordable Housing Crisis, Archway Communities‘ CEO Sebastian Corradino has launched a Thought Leadership Blog that will be published quarterly. Mile High CRE is delighted to share this information with our readers. His first piece, published February 2, addresses the need for more affordable housing in Colorado.

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