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Trailbreak Partners Pays $12M for Future Site of 18-Story Residential Project

Leave a Comment / Brokerage, Construction, Development, Multifamily, Retail /

According to property records, Denver-based Trailbreak Partners has purchased commercial/retail property located on the northeast corner of East 8th Avenue and Lincoln Street at 808 N. Lincoln St., for $12.04 million. The site is currently home to LowDown Brewery & Kitchen and amounts to a total of 14,730 square feet. According to a September press release, Trailbreak Partners plans to build an

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ARLO Residential to Convert Aurora Hotel into Affordable Housing

2 Comments / Affordable Housing, Development, Hospitality, Renovation /

Chicago-based hotel investment and management company, Arbor Lodging, recently announced the launch of its latest vertical, ARLO Residential, that is focused on converting properties ranging from hotels and office buildings into affordable living options. To officially kick off this new venture, the company has entered the Denver market. In a joint venture with Bridge Investment Group, an

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Archway Communities Announces Acquisition of Montview Manor Senior Housing

Leave a Comment / Affordable Housing, Brokerage, Multifamily, Renovation, Senior Housing /

Archway Communities, Inc., a faith-based affordable housing nonprofit, closed on the purchase of Montview Manor located at 1663 Steele Street, Denver, on December 14, 2022, adding the 13-story building to its existing portfolio of 10 properties. The 88-unit property is located half a block off of City Park and serves seniors who are 62+ years

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Movers and Shakers Week Ending 12.16.22

Leave a Comment / Movers and Shakers /

Encore Electric Announces Planned Succession Leadership Changes As part of the planned succession of the organization, Encore Electric announced a new structure for the organization’s leadership team. Andy Gordon, currently chief operating officer, has stepped into the role of president and Willis Wiedel has been named chief executive officer. Wade Stencel, the current vice president of

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Two Art Concepts Join Boulder’s Pearl Street Mall

Leave a Comment / Brokerage, Retail /

Two new art-themed organizations have joined Boulder’s famed Pearl Street shopping and dining district. Colorado Glass Works leased retail suite D at 1500 Pearl St., and The New Local leased an office suite at 741 Pearl St. “People come to Boulder’s Pearl Street from all over the country knowing they will get a one-of-a-kind experience.

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Broncos Announce More Than $100M in Upgrades to Empower Field at Mile High

Leave a Comment / Architecture, Construction, Development, Renovation /

The Denver Broncos announced this week that Empower Field at Mile High will undergo a $100 million upgrade that will feature key enhancements to the Broncos’ home stadium. The investment is set to be the largest capital improvement in the history of the stadium. The project, which will begin after the season and conclude before

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Livestock Center at the National Western Center Breaks Ground

Leave a Comment / Construction, Development, Events /

Mayor Michael B. Hancock, the National Western Center Authority, and its partners were in attendance today as the Sue Anschutz-Rodgers Livestock Center at the National Western Center broke ground. The over 350,000-square-foot addition is the largest building to date at the National Western Center and will serve as Denver’s newest event venue for sporting events, trade

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Newly Built Retail Property in Colorado Springs Sells for $8.5M

Leave a Comment / Brokerage, Development, Retail /

Marcus & Millichap announced today the $8.5 million sale of the Sand Hill Shops property located at 7875-7895 Silicon Heights in Colorado Springs. The property was 100 percent leased at the time of sale, includes eight tenants, and features two drive-thrus. Built in 2022, the 5,706-square-foot property was sold by Armstrong Capital Development, an investment company

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Lovett Industrial Acquires 15 Acres in Denver for Industrial Development

Leave a Comment / Brokerage, Construction, Development, Industrial, Land Sales /

Houston-based real estate investment firm Lovett Industrial closed on 14.95 acres of land in Denver in early September 2022, and in November, broke ground on Broadway Logistics Center, a 201,329-square-foot Class A front-park rear-load building. “The Denver MSA’s population growth shows no signs of slowing. Broadway Logistics Center is uniquely positioned to serve the core of

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Central Denver Office Warehouse Sells for First Time in 50 Years

Leave a Comment / Brokerage, Industrial, Office /

A 44,986-square-foot office, light industrial and warehouse facility located at 2506-2596 West Barberry Place in Denver that has been privately held since the late 1960s, has been sold to a Canada-based fund for $7,965,000. Prior to the closing, the facility had been privately held since the late 1960s. The property was fully leased to ten tenants at the time

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