Author name: milehighcre

Denver to Phase Out Certain Gas Equipment in Commercial Buildings

Beginning today, March 1, new code requirements to help Denver reach its climate action goals will go into effect for existing commercial and multifamily buildings. These requirements were outlined in the Energize Denver ordinance passed by City Council in 2021. The new requirements will apply to gas-powered space and water heating and cooling equipment (such

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Q&A with Paul Boehm, Sentry Insurance

Colorado is home to over 650,000 businesses and 3 million employees. As national trends like rising property costs, inflation, and severe weather events impact the commercial real estate industry, we spoke with Paul Boehm of Sentry Insurance to discuss how these trends impact risk, and therefore, insurance. Sentry recently opened its mountain region headquarters in Denver where

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First Phase of Sun Empire Industrial Development in Aurora Gets Underway

The Opus Group (Opus) and Principal Real Estate Investors, announced back in July 2022 the acquisition of 316 acres of land located at East 56th Ave. and Harvest Rd. in Aurora for the development of Sun Empire. Now, seven months later, construction of the 3.9 million-square-foot industrial development is officially underway. Phase One will include two Class

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Kentro Group Acquires 24 Acres in Loveland for Residential Development

Kentro Group, a Denver-based real estate developer offering all aspects of retail real estate, acquisitions, development, finance, leasing and select property management, has acquired ±24 acres of land on two adjacent parcels in Loveland. The developer plans to construct a new residential project on the property. Located at the southwest corner of Highway 402 and

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80 Rental Units Proposed for East Colfax

According to concept plans submitted by Denver-based architecture firm The Mulhern Group to the City and County of Denver, Paradise Land Company has proposed the construction of two residential buildings at 3300-3310 E. Colfax Ave. (the former site of Paradise Cleaners) that will provide a combined 80 rental units. 70 of which will be micro-units (550SF) and

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Colorado Ranks 9th in the U.S. for Warehouse Development, NAIOP Report

According to data from “Economic Impacts of Commercial Real Estate, 2023 U.S. Edition” published annually by the NAIOP Research Foundation, Colorado is the 9th highest ranking state in the U.S. in terms of commercial real estate development in the warehouse sector, with a total contribution to state GDP of $6.8 billion, direct spending of $2.96

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Unico Announces Interior/Exterior Improvements, Two New Leases to 1755 Blake Street

Building on its mission of developing innovative, people-focused building experiences in the city of Denver, Unico Properties LLC, recently announced a total upgrade to its downtown Denver office building, 1755 Blake Street, with the addition of two new leases. Bocce-bar concept Lob Denver will occupy the property’s ground floor, while online payment platform Melio has moved into the 3rd

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New Real Estate Investment Fund Provides Opportunity to Invest in Distressed Real Estate

Real estate veteran and turnaround specialist James King, founder of Denver-based King Communities, has introduced a real estate investment fund, providing people with the opportunity to invest in distressed real estate assets. The Contrarian RE Fund 1, LLC, researches, identifies and acquires multifamily and manufactured home communities that are being sold at steep discounts. “These

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Coors Family’s Five-Block Downtown Golden Property Newly Branded “Clayworks District”

AC Development, a privately-owned real estate company launched in 2020 by the Coors Family, has announced the launch of Clayworks, the new brand for the planned mixed-use district in downtown Golden previously known as the CoorsTek 9th Street Redevelopment. Clayworks will be an extension of downtown Golden, welcoming the community back to this historic site

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Mile High Dine and Recline: DoubleTree by Hilton Hotel Denver

Each month, Mile High CRE will highlight a new place to dine or recline in the Centennial State. This month’s feature is DoubleTree by Hilton Denver. The DoubleTree by Hilton Denver is set to complete a multi-million-dollar interior renovation in June 2023. After a four-year pause in renovation caused by Covid and a weakened economy,

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