Chicago-based Remedy Medical Properties recently won the 2021 HREI Insights Award for the Best New Medical Office Building of 50,000 to 99,999 square feet. Remedy’s winning project was The Steadman Clinic, a 62,768-square-foot orthopedic care clinic and ambulatory surgery center (ASC) in Basalt, in western Colorado’s Roaring Fork Valley. Peter Westmeyer, CEO of Remedy, notes, “At
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Gelt, Inc., a regional real estate investment and asset management company, has acquired Willow Point Townhomes for $69 million in an off-market transaction. The 117-unit rental community is located at 8500 E. Mississippi Avenue in Denver. Built in 2016, and situated on 8.57 acres, the property consists of 30, two-story residential buildings and 274 parking
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More stress for retailers and the already strained supply chain may be ahead as e-commerce returns are expected to sustain high volumes following the holiday season, according to a new report from CBRE in partnership with Optoro, a provider of returns technology and services for processing retail returns. According to the report, e-commerce returns could
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By Celeste Tanner, co-founder and chief development officer at Confluent Development 2021 was a year like no other. On the heels of a global pandemic, communities and businesses encountered unprecedented challenges, but also unique opportunities. Against the odds, Denver’s real estate community was one that not only survived, but thrived in many ways. While Denver was
A Year in Review: Project Retrospectives and a New Frontier Ahead Read More »
According to Westword, on December 21, Westminster City Council approved a proposal to develop 233 acres, formally known as Uplands, into a mixed-use neighborhood in Westminster. Oread Capital & Development — that acquires, develops, and operates best-in-class residential and mixed-use communities, primarily in the Denver and Boulder market areas — plans to build 2,350 small to mid-sized dwelling
Farmland by Westminster Castle to be Redeveloped Read More »
BMC Investments has closed on a $37 million loan from private investment firm Rockbridge, for the refinancing of the newly redeveloped Clayton Members Club & Hotel, a 63-key boutique hotel with seven bars and restaurants, meeting space, and a members’ club located in the heart of Cherry Creek North. Clayton Members Club & Hotel has quickly emerged
Newly Redeveloped Clayton Members Club & Hotel Refinanced Read More »
The Downtown Denver Partnership recently announced that Kourtny Garrett will lead the organization as CEO beginning in January 2022. Garrett will join the Partnership from Downtown Dallas, Inc. (DDI), where she has served as president and CEO for nearly six years. In August, the Partnership’s current President and CEO Tami Door, announced that she would
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Dallas-based L&B Realty Acquisitions, LLC has purchased the historic Union Pacific Building at Coors Field in downtown Denver for $25.5 million. Located outside the third base gate of Coors Field, the 36,441-square-foot retail building was 100 percent leased with key tenants including the Denver Chophouse and Old Chicago. The seller was Thermo Union Pacific, LLC, which was
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Chicago-based developer Jackson Dearborn Partners (JDP) will soon begin the ground-up construction of Solace at Cimarron Hills, a 346-unit multifamily community in Colorado Springs composed of 10 individual buildings and spanning approximately 366,440 rentable square feet. The 28.8-acre site is ideally located on the east side of the rapidly growing MSA of Colorado Springs along Powers
Cushman & Wakefield has published a new report Infrastructure Investment And Jobs Act: Why It Matters for Commercial Real Estate. On November 15, President Biden signed the bipartisan Infrastructure Investment and Jobs Act (IIJA) into law. Carved out of the more aggressive Build Back Better vision, it marks one of the most significant investments in
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