Author name: milehighcre

Open-Air Retail Center in Colorado Springs Sells for $12.5M

Erindale Square, a 103,552-square-foot open-air retail center located at 5881-5975 North Academy Boulevard in Colorado Springs, has sold to a New York City-based investor for $12.15 million, according to CBRE. The sale further indicates that brick-and-mortar retail is still consumers’ preferred mode of shopping. Parker Brown, Matthew Henrichs and Brad Lyons with CBRE represented the seller, a Los Angeles-based […]

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St. John Properties to Break Ground on Phase One of 600,000 SQFT Technology Park in Broomfield

The Broomfield City Council recently granted approval to St. John Properties, Inc. to initiate development activities on Simms Technology Park, a nearly 81-acre mixed-use business community in Broomfield that, upon completion, is expected to support nearly 600,000 square feet of single-story, multi-story and flex/R&D space, in addition to complimentary retail amenities. The full-service commercial real estate development and management

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Premier Wash Park Multifamily Portfolio Sells for $23.5M

Denver-based RedPeak Properties has purchased a three-property multifamily apartment portfolio in Denver’s Wash Park neighborhood for $23.5 million ($293,750 per unit and $535 per square foot). The portfolio comprises of 80-units and 43,915 square feet built between 1953 and 1960. The three properties are located within a few blocks of each other at 550 E 3rd Avenue, 50 Corona

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156 Residential Units and 30,000 SQFT of Retail Coming to the Heart of Cherry Creek North

BMC Investments (BMC), a Denver-based, vertically-integrated real estate investment manager, is planning to build an eight-story apartment building with 156 luxury units and 30,000 square feet of high-end ground floor retail in Cherry Creek North at 299 Milwaukee Street. This new project will be BMC’s 8th development in Cherry Creek North and will complement BMC’s ultra-luxury St. Paul

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Colorado’s Only WELL-Certified Residential Community Sells-Out

Lakehouse, a 12-story mixed-use community in Denver’s Sloan’s Lake neighborhood community, developed by NAVA Real Estate Development, which opened in the spring of 2020, is now officially sold out. The community averaged nine sales per month during the past 12 months. Lakehouse is the first project in Colorado, and one of the first residential projects in the world,

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8 Years After Legalization – The Positive Impact of Cannabis on the Denver Real Estate Market

By Ryan George, real estate expert and founder/CEO of 420 Property Colorado has been at the forefront of the cannabis industry since it decriminalized possession in 1975. In 2000, the state legalized medical marijuana. It made history in 2021 when it became the first state to legalize recreational cannabis (Washington also legalized recreational cannabis in 2021). It’s been eight

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Mortenson Denver Hosts National Women’s Leadership Event

From May 23-24, Mortenson held its 2022 women’s leadership event to promote intersectional allyship, advocacy, and inclusion across the construction industry. More than 300 Mortenson team members from offices nationwide convened in Denver for a series of events, networking and breakout sessions. Titled “Leading with Confidence,” the conference featured several inspiring speakers, including Colorado Women’s Hall

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BMC Investments Recapitalize Denver Workforce Housing Property

BMC Investments (BMC), a Denver-based vertically-integrated real estate investment manager specializing in the multifamily sector, has partnered with FCP®, a Maryland-based real estate private equity fund manager for the recapitalization of Ivy Crossing — its largest multifamily asset. BMC will provide asset management and property management services to oversee an extensive $23 million renovation plan to reposition the asset.

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SMPS Colorado Announces 2022 Marketing Excellence Award Winners

For the past 38 years, SMPS Colorado has come together with the A/E/C industry’s marketing elite for an evening of celebration to honor the most creative and successful marketing and business development collateral from the past year. The Marketing Excellence Awards features exclusive entry and professional award categories to highlight the strengths of our industry. We’d like

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Snyder Building Kicks-Off Construction on The Roots

Snyder Building Construction is the general contractor on The Roots project, the new facility build-out for Project Worthmore located along the Colfax Corridor in Aurora. Project Worthmore is an organization dedicated to providing programs that foster community and self-sufficiency and increase the quality of life among Denver-area refugees. I was founded in 2011 by Frank and Carolyn Anello

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