Author name: milehighcre

Rider Levett Bucknall Report: New Challenges Impacting the Construction Industry

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide an on-the-ground picture of construction activity in 14 key North American markets and data-driven insights into the industry. While the surge of the COVID-19 Omicron variant is subsiding, pandemic-induced problems […]

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Denver’s Largest Class A Office Project Breaks Ground this Week

This Thursday, April 21, Riverside Investment & Development Company in partnership with Convexity Properties and Canyon Partners Real Estate will officially break ground on 1900 Lawrence, a Class A trophy office tower in downtown Denver. The 30-story project, totaling over 700,000 square feet of office space and 10,000 square feet of ground-level retail, will be the

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Colorado Springs Healthcare Portfolio Sells to Denver-Based Partnership

A 241,232-square-foot flex/office/healthcare portfolio in Colorado Springs, known as Interquest I-IV, has sold to a Denver-based private partnership. The portfolio consists of four single-story Class A buildings located at 9925, 9945, 9950 and 9960 Federal Dr situated within the larger Interquest Business Park. A sale price was not disclosed. At the time of sale, the portfolio

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Construction Begins on 62-Unit Affordable Senior Community in Virginia Village

A new affordable senior living community has begun construction in Denver’s Virginia Village neighborhood through a joint venture between local real estate development firms Lexton McDermott and Kentro Group. Scheduled for completion by the end of this year, Lynwood Senior Apartments was designed by Lewis Himes Associates and the project’s general contractor is Brinkman Construction. Located

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New Xcel Energy Commercial Electric Rates Could Save You Thousands

By Rachel Mountain The below is relevant to all commercial properties but is most straightforward and pertinent to owner-occupied and gross lessors: As commercial property owners, you have a lot to manage, so electric rate changes might not be top of mind. Recently, Xcel implemented a rule change in the demarcation between Secondary General (SG) and Commercial

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1.3 MSF Fully Leased Denver Industrial Portfolio Changes Hands

Stockbridge, a San Fransisco-based real estate investment management firm, has acquired Denver Infill Portfolio, a collection of eight industrial buildings totaling over 1.3 million sq. ft. in metro Denver for over $198 million, according to Denver property records.The sale is Colorado’s third-largest industrial disposition on record by sales price and fourth-largest by total square feet. Jim Bolt, Tyler

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JNS Purchase Office Suite at Denver’s Seed Building

JNS Architecture + Interior Design (JNS), the Denver-based firm behind such high-profile projects as the Crawford Hotel, the Halcyon, MOXY Cherry Creek, Maven Hotel, and most recently, the Fitzgerald, has announced the purchase of its office suite at the historic Seed Building in downtown Denver. The acquisition reinforces JNS’ longstanding commitment to Denver’s urban core

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SteelWave’s 410 Property Goes High Tech to Reinvent the Office Experience

With offices finally coming back to life after a two-year pause for COVID-19, commercial landlords are investing in technology to help tenants draw their employees back to the workplace. The 410, a SteelWave property located in the heart of Denver’s Upper Downtown, is a prime example. SteelWave recently implemented a workplace experience technology platform (powered by HqO)

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Encore Electric Celebrates New Prefabrication and Tool Center with Ribbon-Cutting Ceremony

On Thursday, April 7, 2022, Encore Electric officially opened its new Prefabrication and Tool Center in Aurora with a ribbon-cutting ceremony. In attendance was City of Aurora Mayor Mike Coffman, as well as other key representatives of the City of Aurora, Aurora Chamber of Commerce, customers, and partners. “Thank you for thinking of and investing in the City of Aurora,”

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16th Street Mall Renovation Breaks Ground

On Thursday, April 14, the City and County of Denver officially kicked off the renovation of the 16th Street Mall to ensure downtown’s main street remains a destination that Denver residents and visitors can enjoy for decades to come. The project will address deteriorating infrastructure to improve safety and mobility, while creating new opportunities for

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