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5 Provisions That Must Be in Your Construction Contract

Leave a Comment / Construction, Development, Feature, Law /

By Kate McDonald In Denver’s rapidly growing construction market, the key to success for developers and contractors is understanding the construction contract and potential exposure. While this might sound like a novel concept, the average global value of construction contract disputes increased to $54.26 million between 2019 and 2020, with the number one cause being the parties’ failure to […]

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Continental Properties Breaks Ground on 272-Unit Multifamily Project at Peña Station Next

Leave a Comment / Construction, Development, Multifamily, Transit /

Wisconsin-based Continental Properties, a national developer and operator of multifamily communities, retail, and hospitality properties, recently broke ground on a 272-unit multifamily project called Springs at Peña Station. The community will offer luxury-style apartment living on nearly 14 acres of vacant land at Peña Station Next. Brinkman Construction is the project’s general contractor marking its third project

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Snyder Building Completes Build-Out for Colorado Primary Health Care

Leave a Comment / Construction, Healthcare, Office, Renovation /

Snyder Building Construction recently completed the TI build-out of a 7,000-square-foot medical office building located at 20 W Dry Creek Circle in Littleton, for Colorado Primary Health Care, an internal medicine and primary care practice. The existing, single-story building had previously been home to several offices and a veterinary clinic. Snyder gutted the entire interior of the building to

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Newly-Formed Investment Firm Acquires First Retail Property with ELKCO Properties

1 Comment / Property Management, Retail /

Veteran real estate investors Spencer Pariser and Derek Conn have announced the merger of their respective firms, Strat Ventures and Zeme Capital. Now operating under ZS Capital Partners, the new firm, in partnership with ELKCO Properties, recently closed on the acquisition of 300 East Alameda Ave., a 20,000-square-foot retail center in the heart of Denver’s

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Greeley Apartment Building Trades for First Time in 90 Years

Leave a Comment / Brokerage, Multifamily /

Boulder-based Warm Springs Holdings has acquired Bonell, a 350-unit apartment property located in Greeley, according to Boomer Beatty and Matthew Beverly, investment specialists with Marcus & Millichap’s Denver office. The duo represented Warm Springs Holdings and the seller, Good Samaritan, in the sale. A price was not disclosed. “This is the first time the property, at the

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Arizona-Based Civil Engineering Firm Opens Office in Loveland

Leave a Comment / Awards, Engineering, Events, Office /

Following a milestone year in 2021, Arizona-based civil engineering firm EPS Group recently held a ribbon-cutting event to celebrate the opening of its new market office at 3760 E. 15th St. in Loveland. EPS Group, which has operations in California along with Arizona and now Colorado, is also making progress on opening an office in Texas

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Q1 Construction Costs Increase 3.2% in Denver

Leave a Comment / Construction, Development, Reports /

The construction market continued to experience significant inflationary challenges in early 2022, according to Mortenson’s Cost Index. Optimism for moderating costs in the latter half of the year has lessened and will be dependent on a variety of external factors including global stability, supply chain continuity, labor markets, and general economic conditions in the U.S.

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Market Station Refinanced for $130M

Leave a Comment / Brokerage, Development, Investment, Multifamily, Office, Retail /

Market Station, a newly built, Class A mixed-use project totaling 339,494 square feet in Denver’s LoDo, has been refinanced for $130 million, according to JLL. The borrower, a joint venture between Continuum Partners, LLC and Clarion Partners, LLC, to secure the 12-year, fixed-rate loan through a life company correspondent lender. “It has been gratifying to

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Movers and Shakers Week Ending 05.13.22

Leave a Comment / Movers and Shakers /

JE Dunn Construction Promotes Charlie Slattery to Project Director JE Dunn Construction announced the recent promotion of Charlie Slattery to project director. A graduate of the University of Colorado at Boulder, Slattery has spent his entire 16-year career with JE Dunn where he has delivered notable projects throughout Colorado in markets including higher education, life sciences, data center, and

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Mortenson and Habitat for Humanity of Metro Denver for Women’s Engagement Weekend

Leave a Comment / Charity, Construction, Events /

On May 6-7, women from across Mortenson’s Denver operating group came together for Habitat for Humanity of Metro Denver’s Women’s Engagement Weekend. The event was part of Mortenson’s recently announced multi-year partnership with Habitat for Humanity of Metro Denver to engage women leaders and provide construction skills training for women while supporting the creation of

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