Author name: milehighcre

Goettsch Partners Opens Denver Office at the Triangle Building

Global architecture firm Goettsch Partners (GP) recently opened a new office in LoDo at the Triangle Building, across the street from Denver Union Station. The new office brings support to local projects while positioning the firm for strategic growth in the West. “We are very pleased to bring our commitment to design quality, technical expertise and […]

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PepsiCo Acquires 152 Acres for the Construction of 1.2M SQFT Manufacturing Facility

PepsiCo Beverages North America (PBNA) has acquired nearly 152 acres of land at the Denver High Point development area where it will build a state-of-the-art, 1.2 million-square-foot manufacturing facility that is set to be the largest, most sustainable PepsiCo Beverages North America plant in the U.S. PepsiCo purchased the site from Westside Investment Partners for an undisclosed

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Elevated Promenade Opens at Denver’s RiNo ArtPark

A new elevated promenade adjacent to the South Platte River is the latest addition to RiNo ArtPark. Opening to the public on July 14, the 400-foot-long platform wends its way beside the river, offering verdant views of the park, waterway and surrounding neighborhoods for seated and strolling visitors. The promenade was designed by Tres Birds,

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Denver Office Construction Rebounds in Q2 and Industrial Lease Rates Increase

CBRE just released its Q2 reports for metro Denver’s office and industrial sectors. Significant rent growth can be attributed to the industrial market’s sustained success, while the office construction pipeline strongly rebounded this quarter with seven properties breaking ground. Metro Denver Q2 Office Highlights Leasing momentum continued in Q2 2022 with 1.1 million sq. ft. of deals transacted—marking

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Cresa Managing Principal, Paul Herzog, Raises $76,000 for the Brain Injury Alliance of Colorado

Paul Herzog, managing principal of Cresa and Brain Injury Alliance of Colorado (BIAC) board member, recently hosted Cathleen’s Cause Golf Tournament benefiting the Brain Injury Alliance of Colorado. BIAC is a non-profit organization that provides guidance, resources, support, and education to survivors of brain injury, their families and providers. The funds raised at Cathleen’s Cause Annual

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Denver City Council Approves $41M Sustainable Building Incentive Program

On Monday, the Denver City Council made a $41 million agreement with Michael’s Energy Inc. that is expected to make tens of millions of dollars in incentives available to property owners seeking to install more sustainable, electric heating systems in their large commercial, apartment and condo buildings. Gas heating for big commercial, apartment, and condo buildings is

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Workforce Housing Property in Aurora to Undergo $12M Renovation

Marking the second venture in as many months, BMC Investments (BMC), a Denver-based vertically-integrated real estate investment manager specializing in the multifamily sector, announced today the recapitalization of Aurora Meadows, a workforce housing community, with FCP®, a Maryland-based privately held real estate investment company. BMC will continue to provide asset management and property management services to

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Ivy Realty Buys Boulder County Industrial/Flex Property

Ivy Realty, a Greenwich, CT-based real estate investment, development and management company, has acquired Front Range Business Park, a two-building, 117,106-square-foot industrial/flex complex located in Boulder County. The property is currently 100 percent leased to the State of Colorado’s Front Range Community College (“FRCC”), the largest community college in Colorado. Essex Financial Group (“Essex”) arranged $13.8 million in acquisition financing

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BMC Recapitalize St. Paul Collection in Cherry Creek

Denver-based BMC Investments (BMC), the most active and successful developer in Cherry Creek — having developed many of the area’s highest-profile developments — announced today it has recapitalized its luxury mixed-use residential community, St. Paul Collection, in Cherry Creek North. The recapitalization expands the existing programmatic partnership with Rockpoint, a real estate private equity firm headquartered

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Denver Construction Costs Above National Average

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its midyear Quarterly Cost Report. The report provides an on-the-ground picture of construction activity in 14 key North American markets, including Denver, as well as data-driven insights into the industry for the second quarter of 2022. Like many industries right now, the construction

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