Author name: milehighcre

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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TruAmerica Multifamily Acquires Thornton Apartment Community

Los Angeles-based TruAmerica Multifamily has added to its extensive holdings in Colorado with the acquisition of Village on Cypress, a 220-apartment home community in Thornton, in an off-market transaction. The garden-style community is located at 8960 Cypress Drive just nine miles north of downtown Denver. Major employers in the region include Honeywell International, Level 3

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Mile High Trendy Office: Udemy in Denver’s LoDo

The days of dull cubicle spaces are long gone for Udemy. Their new modern office has been refreshed! Udemy, the global marketplace for learning and teaching online, has an office nestled in the heart of Denver’s LoDo neighborhood, located at 1860 Blake Street Denver, in a historic building constructed in 1887. Udemy provides a creative

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Movers and Shakers Week Ending 04.15.22

Task PM Strengthens Practice with Respected Industry Leader Hire Task Project Management, a leader in project management services, recently welcomed Audra Johnson to its team. Audra Johnson joins the practice as a senior project manager, providing planning and constructing real estate solutions for the firm’s clients. With more than 20 years of experience in the construction

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Denver’s Industrial Market Begins the Year on a High Note

According to Newmark’s Q1 2022 Denver Industrial Market report, Denver’s industrial market exhibited moderated levels of expansion for the first quarter of 2022, with an absorption of 1.1 million square feet. Although down from the previous quarter due to far fewer build-to-suit buildings being delivered, market-wide absorption was still up 44.4% year-over-year. Most of this expansion was attributed to sustained activity

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Crescent Communities to Break Ground on Third NOVEL Project

Crescent Communities and Oxford Properties Group (“Oxford”) wil break ground later this month on new multifamily community in Uptown Denver. Located at 1557 North Logan Street, NOVEL Uptown will be just a few blocks from Denver’s bustling business district in a unique position between the historic Uptown and eclectic East Colfax neighborhoods. The community will include 261

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New Office Project in Cherry Creek North 93% Pre-Leased

Further confirming the fact that companies are indeed ready to return to the office, BMC Investments will break ground this week on its 100,000-square-foot Class A office and retail project at 255 Fillmore, one of the last large, developable parcels in Cherry Creek North. The building is scheduled to deliver in Q3 2023 and is already 93 percent

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Apartment Building in Wash Park Sells to California-Based Buyer

Domain at Wash Park, a mid-rise multifamily property, located at 300 South Lafayette Street in Denver, has sold for $9 million, $450k per unit, or $548 per square foot, to an undisclosed California-based buyer. The property was 95 percent occupied at the time of the sale. Senior Directors Nick Steele and John Laratta and Directors Tyler King and Nate Moyer

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Transit-Oriented Apartment Community Breaks Ground in Denver’s Globeville

Highland Development Company (HDC), a Denver-based real estate development company, has broken ground on its newest multifamily residential community—Iota Fox Station—in Denver’s Globeville neighborhood, one block from the 41st and Fox transit station.  The 148-unit, transit-oriented, apartment community is scheduled to open in the summer of 2023. The general contractor for the project is Martines

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Denver Office Market Sees First Quarter of Positive Absorption in Two Years

According to Newmark’s newly-released Q1 2022 Denver Office Market Report, with the new year and the pandemic numbers continuing to drop, employers have once again started to set plans for returning employees to the office. Office activity in Denver has picked up across all submarkets and industry types, although medium- and small-sized tenants remain the most active and engaged. Quarterly

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