Author name: milehighcre

Volatility in Construction Material Prices to Remain in 2022

According to Linesight’s quarterly Construction Commodity Report and price forecast (based on interviews with nearly 160 industry experts across the globe), prices for construction materials are projected to remain high and volatile in 2022, despite a predicted stabilization in the market many thought would come to fruition in Q1.   Leading up to the end of 2021, many believed […]

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Hybrid Office Becoming the New Norm, Says Cushman & Wakefield Study

Cushman & Wakefield today released a comprehensive study titled Office of the Future Revisited. The study reports on employees’ thoughts on returning to work; the need for flexible office workspaces; and increased demand for space in office-using industries. “There are two statistics that jump off the page in this report,” said David Smith, global head of Occupier Insights

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Office Building in Golden Sells for $20.9M

6th Avenue West, a multi-tenant office building in Golden, has sold for $20.9 million to Denver-based Centre Point Properties, LLC. Located at 350 Indiana Street, 6th Avenue West is an in-fill, Class A, eight-story office building totaling approximately 125,000 rentable square feet with covered parking. The building was 75 percent leased at the time of

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Credit Union of Colorado’s New HQ to Feature Smart Windows

In an effort to prioritize employee health and wellness and sustainabilty, View, Inc.’s Smart Windows will be installed at Credit Union of Colorado’s new corporate headquarters in Denver’s up-and-coming Central Park neighborhood. Credit Union of Colorado designed its new headquarters to create the ideal post-Covid work environment, with comfortable space between desks and an enhanced HVAC system

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Financing Better Buildings with C-PACE

By Joel Poppert, managing director, Imperial Ridge Real Estate Capital In looking for ways to incentivize the creation of higher-performing buildings, states around the country have authorized programs like C-PACE, or Commercial Property Assessed Clean Energy financing, which allows property owners to borrow money from private investors for a variety of capital improvements that impact building performance and

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Brennan to Develop Three Class A Distribution Buildings in Thornton

Brennan Investment Group has acquired 24 acres at the southwest corner of 128th and Washington Avenue in Thornton. Located in the growing North I-25 industrial submarket, the site provides highway visibility from Interstate 25. Brennan will develop three Class A distribution buildings, totaling 300,000 square feet. “The site has tremendous appeal for tenants, offering quick ingress

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Evermore Partners Acquires Boulder Office Building and Secures Leaseback with Local Startup

A 22,240-square-foot office building located at 6840 Winchester Circle in Boulder has been puchased by Evermore Partners, a newly formed real estate investment company focusing on high-impact, value creation activities. Evermore has also executed a 15-year lease with Boulder-born startup Meati Foods. The acquisition represents the company’s first of a planned $250 million in acquisitions in

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McGregor Square Office Space Now Fully Leased

McGregor Square, Denver’s multi-use development in historic LoDo, is now 100 percent leased. RES Global, the world’ s largest independent renewable energy company, is the final tenant to sign an office lease for the entire 4th floor and part of the 3rd floor, totaling 43,000 square feet. “We are pleased to announce that McGregor Square has

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Stonebridge Companies Acquires Marriott Hotel Near DIA

Further expanding its portfolio of properties in the Denver airport submarket, Denver-based Stonebridge Companies, a privately owned, nationally recognized innovative hotel owner, operator, and developer, has acquired the Denver Airport Marriott at Gateway Park, located at 16455 E 40th Cir, in Aurora. A purchase price was not disclosed. Serving as the property owner and operator of the

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South Federal Flats Breaks Ground

On April 19, CO Investment LLC and Sustainable Design Build began construction on South Federal Flats, a multifamily commercial apartment complex, following a long process with Denver’s developmental services. South Federal Flats will be located near the intersection of Yale and Federal Blvd at 2720 S Federal Blvd, in Denver. The 57-unit apartment complex aims to bring the neighborhood

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