Author name: milehighcre

Non Residential Construction Spending Projected to Increase Due to Strong Gains in Manufacturing and Retail

Construction spending on buildings is projected to increase just over nine percent this year and another six percent in 2023, according to a new report from the American Institute of Architects (AIA). While the outlook for the broader economy has become more uncertain, the prospects for construction spending have improved since the beginning of the […]

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Grocery-Anchored Shopping Center in Greeley Sells for $37.5M

Centerplace Greeley, a 152,000-square-foot Safeway-anchored shopping center in Greeley, has sold for $37.55 million, according to property records. “Centerplace of Greeley dominates its region and features a tenant mix of predominantly national tenants that occupy 94% of the total gross leasable area,” said Ryan Bowlby, Institutional Property Advisors (IPA) senior director, a division of Marcus &

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Comunale Properties Signs Two Credit Tenants at Spec Industrial Project in Fort Collins

Denver-based Comunale Properties — which specializes in new Class A light industrial development and the acquisition and repositioning of value-add light industrial buildings — has completed two pre-leases at its soon-to-be complete Mulberry Connection development, the first speculative Class A industrial project built in Fort Collins since the 1990s. With a prime Interstate 25 frontage, the

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GH Phipps Receives Two Awards from the Associated General Contractors

GH Phipps has received two awards from the Associated General Contractors (AGC) during the organization’s recent annual Construction Safety Excellence Award (CSEA) event. GH Phipps earned the Construction Health and Safety Excellence Award (AGC & OSHA partnership) and the Colorado Stormwater Excellence Program Award, a public and private partnership to improve water quality in our state.

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Westside Submits Proposal for Denver’s Fourth-Largest Park

By Katie Rapone On July 13, Glendale-based Westside Investment Partners submitted a development concept plan for the redevelopment of Denver’s Park Hill Golf Course. Westside purchased the 155-acre property in 2019 for $24 million. Based on community input and preliminary recommendations, Westside is proposing mixed-use neighborhoods connected by 100 acres of park, open space, and

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MGL Partners Announces Second Phase of Affordable Housing Project in Longmont

MGL Partners (MGL), a Denver-based multifamily, senior, workforce and affordable housing developer with a mission to build lasting value through the creation of high-quality communities, has closed on the land for the second phase of the Crisman Apartments, in partnership with the Longmont Housing Authority (LHA). Located at 680 SH 66 in Longmont, Crisman II

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BMC Announce 10th Office Project in Cherry Creek North

BMC Investments (BMC) announced today its 10th project in Cherry Creek North, a new Class A office development with 90,000 square feet of office and 10,000 square feet of retail called Milwaukee Place. The new seven-story project will be built at 242 Milwaukee Street and BMC recently acquired the adjacent site (240 Milwaukee Street), completing

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Iconic Fiddlers Green Portfolio Secures $196M Financing

Schnitzer West, one of the West Coast’s leading real estate investment, development and property management companies with an office in Denver, has secured $196 million in financing for its Fiddler’s Green Portfolio consisting of Palazzo Verdi, Fiddler’s Green I and Fiddler’s Green II. The Class A office portfolio totals 748,445 square feet and is located

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First Phase of CoorsTek Redevelopment Project Underway in Downtown Golden

The first phase of the large-scale mixed-use redevelopment of the CoorsTek manufacturing facility in downtown Golden began today. The new district, covering five city blocks, will be anchored by a new global headquarters for CoorsTek, Inc., and will account for approximately 1.25 million square feet of office, multifamily residential, placemaking retail, and hotel space. AC Development,

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New Food Hall Featuring Award-Winning Chef Opens in Arvada

Further solidifying Metro Denver’s love affair with food halls, Freedom Street Social, a new 12,000-square-foot food hall, is now open at 15177 Candelas Parkway in Arvada. The new food-centric community gathering place is the brainchild of Nick and Amie Costanzo along with partners Cameron Cummins, Jeff Kaplan and Jon Morgan. Visitors can expect an eclectic mix of

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