ConstructionDevelopmentReportsTechnology

Global Revenue for Commercial Building Automation Solutions is Anticipated to Exceed $44B by 2029

A new report from Navigant Research states that global revenue for commercial building automation solution (BAS) products is anticipated to reach more than $44.2 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.2 percent between 2020 and 2029. The commercial BAS market is undergoing large structural change. …

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Multifamily

Aimco Provides an Update on COVID-19 and 2020 Guidance

Denver-based Apartment Investment and Management Company (“Aimco”) — one of the country’s largest owners and operators of apartments, with 124 communities in 17 states and the District of Columbia — today issued the following statement regarding the on-going COVID-19 pandemic: “Aimco’s first priority is the health and safety of our residents and teammates,” …

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BrokerageConstructionDevelopmentMultifamilyOfficeRetail

Joint Venture Receives Financing for S’PARK Railyards in Boulder

A joint venture between The John Buck Company, Kinship Capital and Element Properties, has secured $29.4 million in construction financing for S’PARK Railyards (Railyards), a 69,263-square-foot Class A office building in Boulder. JLL worked on behalf of a joint venture to secure the five-year, floating-rate construction loan through Wintrust Financial …

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BrokerageDevelopmentIndustrial

Fully-Leased Industrial Property in Englewood Sells for $10M

Colorado company Gordon Development LLC has sold its 63,550-square-foot industrial property located at 8644 South Peoria in Englewood, for $10 million. 8644 South Peoria is a Class A, multi-tenant industrial building built in 2017 and 100 percent leased to two companies: a manufacturing tenant and Ninja Nation, a leading provider of obstacle course arenas and …

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MultifamilyRent

Shift Workspaces Offers Members Rent Relief in April

For all that’s changed since COVID-19 began dominating the headlines weeks ago, one thing hasn’t. Monthly rent payments. That is, until now. For Grant Barnhill, founder and CEO of Shift Workspaces, a Colorado coworking firm built on the values of mutuality, care, and social responsibility, the decision to waive April fees for his …

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Contributed ArticleDiversityFeature

Addressing Female Diversity in Real Estate: Is it a Pipeline Problem?

By Becky Zimmermann, president of Design Workshop March celebrates Women’s History Month which gives us a great opportunity to recognize and reflect on the efforts that have been made over the years to help women open doors and claim a seat at the table. It’s also a time to see what we …

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BrokerageMultifamilyRent

Apartment Sale in Lakewood Demonstrates Trend in Region’s CAP Rates

Rosalie at Belmar, a 40-unit apartment community in Lakewood, has sold for $7 million. According to Marcus & Millichap’s Denver office, steady rent growth in Denver’s submarkets has piqued the interest of investors. Boomer Beatty and Peter Standley, both senior associates in Marcus & Millichap’s Denver office, had the exclusive …

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BrokerageMultifamily

Colorado Springs Apartment Community Sells for $22M

PLC Apartments of Newport Beach, Calif., has made their first Colorado apartment acquisition. PLC purchased The Centre Apartments, a 168-unit apartment community in central Colorado Springs, for $21,900,000 ($130,357/unit). The seller, Skyline Real Estate Investments, a local partnership, was represented in the sale by Bill Morkes and Craig Stack of Colliers International. …

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DesignDevelopmentOffice

Collegiate Banks Opens 5th Location in DTC

Collegiate Peaks Bank, division of Glacier Bank, has opened a new branch location in the Denver Tech Center at 5450 Greenwood Plaza Blvd., Ste. 100. The bank has moved into the building’s approximately 6,500-square-foot main floor space. The new building was developed by Urban Esprit, a Colorado homebuilder since 1989. That company will occupy …

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AECRE Connect
ArchitectureConstructionDevelopmentEngineering

Denver-based Marketing Firm Launches New Website AECREConnect

In response to the Coronavirus pandemic, Denver-based Small Giants — a full-service marketing and business development agency for architecture, engineering, construction, and commercial real estate companies — today launches AECREConnect.com, an interactive new website that will serve as a central hub of information to help the Commercial Real Estate industry navigate these uncertain …

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