Author name: milehighcre

Denver Office Market Delays Return as Delta Variant Renews Uncertainty

While activity at the beginning of the quarter was slow, September saw a return to the increased activity seen in the previous quarter. However, according to Newmark’s Q3 Denver Office Market report, the rise of the Delta variant has once again brought uncertainty for some tenants. Many have delayed their return to the office, and those in the […]

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New Last-Mile Logistics Facility in Englewood Trades

BlueScope Properties Group has sold its new, 136,915-square-foot logistics center in a last-mile location at 14353 E. Otero Ave. in Englewood. Terms of the off-market sale were not released. Managing Directors Larry Thiel and Sean Devaney with JLL Capital Markets and Managing Director Carmon Hicks with the JLL Industrial Leasing team represented BlueScope Properties Group.

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Reduce Your Utility Expenses This Budget Season

By Rachael Mountain Budget season is back, and that means juggling competing interests when putting together your 2022 budget proposals. If you’re a commercial property owner, one thing your budget always includes is an estimate for utility expenses. Like death and taxes, utility expenses are a given, right? But what if you could remove this

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Construction Underway at Speculative Industrial Development in Englewood

The Opus Group announced today the start of construction of two speculative building projects, The Ridge at Dove Valley. The buildings—102,877 square feet and 116,524 square feet—will be located in Denver’s third-largest industrial submarket, Englewood. Opus is the developer, design-builder, architect and engineer of record for the project. “Opus is excited to deliver two modern industrial buildings that will

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CBRE Arranges Sales at Former Toys “R” Us Site in Colorado Springs

CBRE has arranged two sale transactions at a former Toys “R” Us site adjacent to the Citadel Mall in Colorado Springs. CBRE’s Patrick Kerscher represented the seller, Dunton Commercial, in both transactions. Dunton Commercial acquired the former Toys “R” Us site and adjacent medical building in 2019, raised the medical building, and re-platted the parking

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i2 Construction Clearing the Air for its Employees, Clients

Before 2020, people rarely gave a second thought about the air filtration systems at their place of work. Unless an employee had severe seasonal allergies or breathing issues, most companies typically did only what was required when it came to maintaining their air handling systems. One thing that the pandemic did was put a focus

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UCHealth Poudre Valley Hospital to Undergo $76.5M Renovation

Integrated design-build firm The Beck Group has started work on its multi-million-dollar renovation of UCHealth Poudre Valley Hospital, a 303-bed regional medical center in Fort Collins. Poudre Valley Hospital is part of Aurora-based UCHealth’s network of healthcare facilities serving parts of Colorado, Nebraska and Wyoming. The hospital’s $76.5 million renovation project is scheduled for completion in

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Visionary Affordable Apartment Community Breaks Ground on Colfax

On Wednesday, Oct. 6, Denver-based nonprofit Brothers Redevelopment, Inc., celebrated the kick-off of construction on the new, 72-unit apartment community, Valor on the Fax, at 7900 E. Colfax Ave. (East Colfax and Trenton St.). The new community will provide supportive housing for individuals facing housing insecurity due to acquired brain injury or related disability. Brothers

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Groundbreaking: Prospect Valley Elementary

GH Phipps recently joined Jefferson County Public Schools officials and educators to celebrate the groundbreaking of the new Prospect Valley Elementary School in Wheat Ridge. The new school will replace the existing structure that was built in 1967. The project architect is MOA Architecture. The new $20 million dollar school is an outcome of a 2018 bond and will

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Unico Properties Acquires Two Office Properties in LoDo

Seattle-based private real estate investor and operator Unico Properties has purchased two office buildings, located in Denver’s LoDo submarket, for $85.5 million. ASB Real Estate Investments (ASB) completed the disposition on behalf of its Allegiance Real Estate Fund, a $7.4 billion core investment vehicle. “The sale is part of ASB’s portfolio strategy to strategically and selectively reduce

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