DevelopmentHospitalityIndustrialMultifamilyOfficeRetail

Denver Building Boom Reaches $4.2 Billion

Denver, CO – CBRE Research releases their latest Market Flash for the Denver construction market, which is reporting nearly $4.2 billion of commercial building in progress (excluding single-family residential, healthcare and infrastructure projects). Multifamily and hospitality projects are recorded as representing 74% of the total value. Graphic courtesy of CBRE Research

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BrokerageRetail

Fort Collins Shopping Center Changes Hands

Fort Collins, CO – Marcus & Millichap, recently announced the sale of a 18,988-square foot retail strip that is a portion of a Mulberry & Lemay Crossings, a 328,495-square foot retail property in Fort Collins, Colo., anchored by Walmart and Home Depot. Garrette Matlock, an investment specialist in Marcus & Millichap’s …

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ArchitectureConstructionDesignHealthcare

The Center at Northridge Celebrates Grand Opening

Westminster, CO – Veritas Management Group – with Pinkard Construction and H+L Architecture – celebrated the grand opening Thursday of the new Center at Northridge, a short-term rehabilitation/skilled nursing facility in Westminster. Attendees included additional care community providers, The Center at Northridge’s Board of Directors, investing members, staff, Veritas Management …

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BrokerageMultifamily

Capitol Hill Multi-Family Sells Record Per-Unit Price

View here ARA, a Newmark Company brokered a landmark deal in Colorado with the 10-unit apartment complex at 901 Washington in Capitol Hill that sold for a record per-unit price of $525,000. Photo credit Mediamax, Inc. 

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ConstructionProfiles

Mortenson Promotes Gene Hodge to Vice President

Denver, CO – Mortenson recently announced it has promoted Gene Hodge to vice president, project development, for its Denver Operating Group. Since joining Mortenson in 2005, Hodge has provided leadership for projects in Seattle; for Mortenson’s National Sports Group; and most recently in Colorado, where he is principal-in-charge for the Sterling …

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BrokerageMultifamily

HFF Facilitates $20.74M Financing 2 Multifamily Properties Colorado Springs

Colorado Springs, CO –  Holliday Fenoglio Fowler, L.P. (HFF) announced recently that it has arranged financing totaling $20.747 million for two adjacent Colorado Springs multi-housing communities: Summer Grove and Tanglewood. Working on behalf of the borrower, Vukota Capital Management (VCM), HFF placed two seven-year, fixed-rate Fannie Mae loans with M&T …

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EngineeringProfiles

Monroe & Newell Engineers Inc. Name Two New Principals

Denver, CO – Monroe & Newell Engineers Inc. named David Kast, PE, and Ryan C. Barth, PE, as principals of the firm. Kast, an 11-year veteran of Monroe & Newell, holds a Bachelor of Science in civil engineering, with a specialty in structural engineering from the University of Pittsburgh. Over the …

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DevelopmentMultifamily

ARA Newmark Sells 15-Acre Site for New South Denver Community

Castle Rock, CO — The multi-housing land team of ARA, A Newmark Company (ARA Newmark) announces the sale of a 15.22-acre site for a new community in the south Denver suburb of Castle Rock, Colorado. Construction on Ledges at the Promenade will begin in April 2016 and is expected to …

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AnniversariesArchitectureDesignEvents

Event Round-Up: DLR Group’s 50th Anniversary

By: Julie Wanzer, LEED AP Denver, CO – DLR Group hosted their 50th Anniversary Celebration last night, transforming their Denver office in the SugarCube Building into a welcoming gala scene complete with a DJ, appetizer station, two bars and an open balcony space. Guests were greeted with the opportunity to vote …

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BrokerageDevelopmentRetail

Marijuana Driving Up Retail Rents Commercial Real Estate Market

View here Lee and Associates’ principal, Paul Hallberg, provides insights into how marijuana retail locations are driving up rents in the retail commercial real estate market. Rental rates which are averaging $30/SF for marijuana retail locations are driven by the premium for space. Considerations for financing, the impact of light …

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