milehighcre, Author at Mile High CRE

McCauley Constructors to Break Ground on Concrete Manufacturing Facility in Elbert County

Leave a Comment / Construction, Development, Industrial / milehighcre

On Wednesday, August 24, McCauley Constructors, one of the Mountain West’s leading proven and professional design/build commercial contractors, will break ground on BURNCO’s new Kiowa Batch Plant facility at Prairie View Industrial Park in Elbert County. BURNCO Colorado is well known for manufacturing high-quality aggregate, asphalt and ready-mix concrete. The Kiowa Batch plant sits within a rural community

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Rare 27-Acre Industrial Land Asset in Central Denver Sells for $19M

Leave a Comment / Brokerage, Industrial, Office / milehighcre

New York-based IG Logistics LLC and Meadow Partners, an institutional middle-market real estate investor, have acquired a ±26.7-acre industrial storage yard/trailer site in central Denver for $19 million. Located at 409 West 66th Avenue, the vacant property is zoned for outside storage and includes a 10,000-square-foot freestanding industrial building with ±6,500 sf of office space,

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Movers and Shakers Week Ending 08.19.22

Leave a Comment / Movers and Shakers / milehighcre

Norris Design Promotes Team Member in Denver Norris Design, a national planning, landscape architecture and branding firm, has announced the promotion of Chris Rink, PLA, LEED® AP to Associate in their Denver office. Chris is a registered landscape architect with nearly 25 years of experience in high-end and residential design-build projects. Majorly focused on construction administration, Chris executes keen

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Coworking Rebounds as Alternative to Traditional Leases [CommercialEdge Report]

Leave a Comment / Office, Reports / milehighcre

CommercialEdge just released its August office report analyzing the US office market’s performance through July 2022. At the beginning of the pandemic, many thought coworking will be the least resilient asset class. But, as treatment and prevention options have become more effective, shared spaces are bridging the gap between office use and work-from-home setups as

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Aurora Apartment Community in Prime Location Fetches $34.4M

Leave a Comment / Brokerage, Multifamily / milehighcre

The Fitz on 14th, a 176-unit multifamily property located in Aurora, has traded for $34.4 million, or $195,455 per unit, according to Marcus & Millichap (NYSE: MMI). “The Fitz on 14th’s premier location was a driving force behind a highly competitive sales process,” said Jason Hornik, first vice president of investments in Marcus & Millichap’s

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CBRE Releases Mid-Year Reports for Colorado Springs

Leave a Comment / Brokerage, Construction, Industrial, Office, Retail / milehighcre

CBRE has released its Mid-Year 2022 Reports for the Colorado Springs market. The retail market posted record-high sales volume through the first half of 2022, while industrial activity remained strong and office absorption was robust. Industrial Highlights Nearly 333,000 sq. ft. of positive net absorption was recorded in the first half of the year, a large increase from

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Brinkman Real Estate Sells Denver Multifamily Community for $24.65M

Leave a Comment / Brokerage, Multifamily / milehighcre

Real estate investment company, Brinkman Real Estate, sold Denver multifamily community, Windom Peak Apartments, last week for $24.65 million, or $262,234 per unit. The company purchased the property in 2019 for $20.6 million. Windom Peak is a Class B/C workforce housing property located in Metro Denver built in 1964 with 94 units. The property design

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Denver Multifamily Market Sees Highest Absorption in More Than 20 Years

Leave a Comment / Investment, Multifamily, Reports / milehighcre

Multifamily investors continue to focus on the Denver market, where rent growth reached 16.5% over the past year, ending with Q1 2022. According to a Mid-Year Multifamily Review by The Laramar Group, a leading national real estate investment and property management company based in Denver, the Denver multifamily market is expected to remain resilient through

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JHL Constructors Completes Woodland Elementary in Aurora

Leave a Comment / Architecture, Construction, Development, Education / milehighcre

On August 11, JHL Constructors celebrated the milestone completion of Cherry Creek School’s Woodland Elementary with an official ribbon-cutting celebration shared with school administration, students, and staff in Aurora. “Hard to believe that just 13 months ago this was just a vacant lot. In the past year, this team has stepped up to overcome a challenging project

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Industrial Commercial Real Estate Market Cooling Off, NAIOP Forecasts

Leave a Comment / Industrial, Reports / milehighcre

According to the latest NAIOP Industrial Space Demand Forecast, released today, nationally, the industrial real estate market is showing signs of slowing following a period of unprecedented expansion. “Amid lower pressure on global supply chains, increasing inventory carrying costs, a cooling economy, and a decrease in the rate of e-commerce expansion, retailers and logistics firms

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Author name: milehighcre