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Denver Office Construction Rebounds in Q2 and Industrial Lease Rates Increase

Leave a Comment / Industrial, Office, Reports /

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

Leave a Comment / Advisory, Charity, Events /

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

Leave a Comment / Energy, Sustainability /

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

Leave a Comment / Multifamily, Property Management, Renovation, Workforce Housing /

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

Leave a Comment / Brokerage, Finance, Industrial, Office /

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

Leave a Comment / Development, Finance, Multifamily, Retail /

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

Leave a Comment / Construction, Reports /

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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California-Based Electric Vehicle Company Opens First Colorado Retail Studio at Cherry Creek Mall

Leave a Comment / Energy, Retail /

Lucid Motors, a brand-new electric vehicle company offering the first EV with over 500 miles of range and incredible performance, opened its first studio location in Denver last month at the Cherry Creek Shopping Center. The opening marks 27 studio and service center locations open in North America. “The state of Colorado’s ambitious plans to support

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Movers and Shakers Week Ending 07.08.22

Leave a Comment / Movers and Shakers /

Norris Design Promotes Team Members to Associate and Senior Associate in Denver, Fort Collins Norris Design, a national planning, landscape architecture and branding firm, announced the promotion of Kayleigh Robinson and Jared Sickmann to senior associate, as well as the promotion of Chris Shaw, Isaac Prudhomme, Jeremy Lott, AICP and Ty Robbins, AICP to associate, in

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5 Reasons to Outsource Energy Efficiency Updates and Benchmarking to Meet Energize Denver Targets

Leave a Comment / Development, Energy, Feature, Multifamily /

By R.J. Mastic Denver multifamily property owners have until 2024 to meet interim Energy Use Intensity (EUI) targets set by the city through its Energize Denver ordinance, which the city approved last year. Following last month’s deadline to assess and report energy performance, many firms are considering methods to streamline the benchmarking process and identify strategies to connect energy

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