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New Business Alliance Forms to Further the Growth of Cherry Creek

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

On Monday, May 16, Cherry Creek’s four major business groups announced the formation of a new not-for-profit partnership, the Cherry Creek Alliance. Collectively, the partnership will work toward improvements and opportunities to further the growth of Cherry Creek, with a focus on business engagement, public policy and economic development. The four neighborhood entities include Cherry Creek North, the Cherry […]

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Class A Office Asset in Westminster Sells for $25.4M

Leave a Comment / Brokerage, Office /

Church Ranch Corporate Center, a 124,533-square-foot, Class A office asset located at 10170 Church Ranch Way in Westminster, has sold to Lotus Company, a diversified private property and hospitality venture company, for $25.4 million. The four-story, multi-tenant building was nearly 90 percent leased to 14 tenants at the time of sale. Cushman & Wakefield represented the

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Architecture Billings Index Moderates Slightly, Remains Strong

Leave a Comment / Architecture, Design, Reports /

For the fifteenth consecutive month, architecture firms reported increasing demand for design services in April, according to a new report today from The American Institute of Architects (AIA). AIA’s Architecture Billings Index score for April was 56.5 compared to 58.0 in March. Any score above 50 indicates an increase in billings. During April, scores for

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Ryan Companies Starts Construction on Apartment Building in Lakewood Opportunity Zone

Leave a Comment / Construction, Design, Development, Multifamily /

Ryan Companies US, Inc., a national commercial real estate solutions provider, has started construction on a 151-unit multifamily project in partnership with a private developer. Located at 1288 Wadsworth Blvd in Lakewood, the project is located near one of the busiest intersections in the area and is adjacent to an RTD light rail station. The project is

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Apartments in Lakewood and Arvada Offer the Most Room/Person, says Rent Cafe Study

Leave a Comment / Multifamily, Reports /

With the rental season in full swing, Rent Cafe decided to find out where renters can get the most private space per person. Using Yardi Matrix and U.S. Census data for 254 cities, the study ranks them based on the ratio of the average apartment size to the average number of renters living under the same

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5 Provisions That Must Be in Your Construction Contract

Leave a Comment / Construction, Development, Feature, Law /

By Kate McDonald In Denver’s rapidly growing construction market, the key to success for developers and contractors is understanding the construction contract and potential exposure. While this might sound like a novel concept, the average global value of construction contract disputes increased to $54.26 million between 2019 and 2020, with the number one cause being the parties’ failure to

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Continental Properties Breaks Ground on 272-Unit Multifamily Project at Peña Station Next

Leave a Comment / Construction, Development, Multifamily, Transit /

Wisconsin-based Continental Properties, a national developer and operator of multifamily communities, retail, and hospitality properties, recently broke ground on a 272-unit multifamily project called Springs at Peña Station. The community will offer luxury-style apartment living on nearly 14 acres of vacant land at Peña Station Next. Brinkman Construction is the project’s general contractor marking its third project

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Snyder Building Completes Build-Out for Colorado Primary Health Care

Leave a Comment / Construction, Healthcare, Office, Renovation /

Snyder Building Construction recently completed the TI build-out of a 7,000-square-foot medical office building located at 20 W Dry Creek Circle in Littleton, for Colorado Primary Health Care, an internal medicine and primary care practice. The existing, single-story building had previously been home to several offices and a veterinary clinic. Snyder gutted the entire interior of the building to

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Newly-Formed Investment Firm Acquires First Retail Property with ELKCO Properties

1 Comment / Property Management, Retail /

Veteran real estate investors Spencer Pariser and Derek Conn have announced the merger of their respective firms, Strat Ventures and Zeme Capital. Now operating under ZS Capital Partners, the new firm, in partnership with ELKCO Properties, recently closed on the acquisition of 300 East Alameda Ave., a 20,000-square-foot retail center in the heart of Denver’s

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Greeley Apartment Building Trades for First Time in 90 Years

Leave a Comment / Brokerage, Multifamily /

Boulder-based Warm Springs Holdings has acquired Bonell, a 350-unit apartment property located in Greeley, according to Boomer Beatty and Matthew Beverly, investment specialists with Marcus & Millichap’s Denver office. The duo represented Warm Springs Holdings and the seller, Good Samaritan, in the sale. A price was not disclosed. “This is the first time the property, at the

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