Author name: milehighcre

Office Property in Downtown Golden Sells for $5.65M

The Golden Center, a 15,684-square-foot office property located in the heart of downtown Golden, situated under the famous “Welcome to Golden” sign, has sold for $5,650,000 to an undisclosed buyer. Brandon Kramer, first vice president of investments in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the

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Two Multifamily Properties Within Minutes of Anschutz Medical Campus Sell to Investors

The separate sales of two apartment communities in Aurora were announced this week. Both properties are within minutes of The ​University of Colorado Anschutz Medical Campus, giving them significant rental upside. 11300 E. 16th Ave Park 16 Apartments, a 60-unit, 50,466-square-foot apartment community located at 11300 E. 16th Ave in Aurora, has sold for $10.8 million,

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Movers and Shakers Week Ending 08.05.22

Stonebridge Cos. Welcomes Steve Kakaty as Chief Investment Officer Stonebridge Cos., a Denver-based, privately owned, innovative hotel owner, operator and developer, announced Steve Kakaty joined the team as chief investment officer. With more than 16 years of experience in the real estate industry, Kakaty will spearhead Stonebridge’s real estate platform. Stonebridge has been on the path towards

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1975 S. Colorado Blvd., Denver, courtesy of La Quinta.

Sought-After Property at the Southwest Corner of Colorado and I-25 to be Redeveloped

Denver-based real estate development and investment duo Forum Investment Group and Brookhaven Capital Partners have purchased a marquee, 2.6-acre site at the southwest corner of Colorado Boulevard and I-25, currently home to a La Quinta Inn and free-standing Perkins restaurant. Forum plans to develop a 5-story, 300-unit multifamily community according to a press release. A purchase price was not disclosed.

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Denver Housing Authority Announces Opening of Housing Choice Voucher Lottery

Denver Housing Authority (DHA) is opening its Housing Choice Voucher (HCV), Section 8 Lottery on Sept. 15 and 16, 2022. Housing Choice Voucher, formerly known as Section 8, is a housing subsidy program that is funded by the federal government to assist very low to low-income families seeking affordable housing. The subsidy pays a portion of the owner’s

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Carraway on Penn Tops Out in Platt Park Neighborhood

Pinkard Construction and OZ Architecture have completed the external structure for Carraway on Penn, a new 42-unit, approximately 34,619-square-foot multifamily residential property, with a focus on small unit sizes with lower monthly gross rents. The project is located just two blocks from the Louisiana/Pearl light rail station in Denver’s desirable Platt Park neighborhood. Confluent Development, in partnership with Denver-based Narrate

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Aspen Grove Shopping Center to Add Mixed-Use Community

Aspen Grove Shopping Center owner Gerrity is planning to redevelop a portion of the aging 268,000-square-foot open-air retail property — located on the southeast corner adjacent to the RTD Mineral Ave Light Rail station — into a transit-oriented, mixed-use retail center. According to Getty, the project is getting an enthusiastic response from both existing and prospective new retail

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EDENS Acquires Nearly-Full City Block in Denver’s Five Points

EDENS, a national real estate owner, operator and developer with a strong local presence in Denver, has purchased 2660 Larimer St., a nearly-full city block at 26th and Larimer in Denver’s Five Points neighborhood. The sale of the approximately 97,103-square-foot property is part of a larger deal between EDENS and Volunteers of America Colorado (VOA Colorado), a

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Post-Pandemic Office Management: Is Anyone There? Tenants? Where Are You? 

By David Myers, VP of Operations at Corum Real Estate Group As managers of office buildings, we find ourselves in limbo. We see our tenants on the rent roll, but few bodies in the office. How are we best to support these tenants and maintain the quality of the buildings that we manage? Unfortunately, this

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JHL employees at a developer site

JHL Chosen as ENR Mountain States 2022 Contractor of the Year

JHL Constructors has been named ENR’s 2022 Mountain States Contractor of the Year and is highlighted in the August issue. According to Jennifer Seward, editor ENR Mountain States, JHL was chosen because of its revenue growth and company culture. “We are humbled to be recognized,” said JHL President Ben Stellor. “This award acknowledges JHL’s talented

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