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NorthMarq Completes Sale of Elevate @ Peña Station Apartments in Aurora

Leave a Comment / Brokerage, Multifamily, Transit /

Denver-based developer MGL Partners, that specializes in multifamily and senior housing development, strategic investments and long-term property ownership, has sold its property Elevate @ Peña Station apartments, a 218-unit multifamily property located at 17607 E. 61st Avenue in Aurora. KG Investors, LLC was the buyer. A sale price was not disclosed. Completed in 2019, the units

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McWhinney Inks Loveland Deal with Colorado Snack Company

Leave a Comment / Development, Industrial /

Colorado-based Snack Company Bobo’s has signed a lease at McWhinney’s Centerra Industrial in Loveland. The company will occupy the entirety of Building 7, a 123,000-square-foot industrial facility. The lease marks the largest industrial deal in the region by square footage since 2019. Bobo’s, a Colorado-based wholesome snack brand, will consolidate three Bobo’s locations — the Boulder bakery

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Urban Land Conservancy to Redevelop East Colfax Corridor Site

Leave a Comment / Affordable Housing, Development, Office /

Nonprofit Urban Land Conservancy (ULC) has acquired the former Citywide Bank building at 10660 E. Colfax in Aurora, and has plans to lease the existing office space to nonprofits and other community-serving organizations at below-market rates. This East Colfax Corridor site joins ULC’s seven other affordable-office properties across the Metro Denver region. ULC anticipates partnering with

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Unico Welcomes Two New Tenants to Cherry Creek North

Leave a Comment / Development, Healthcare, Hospitality, Retail /

Unico Properties LLC, a subsidiary of Unico Investment Group LLC that has been acquiring, managing and developing commercial properties in Colorado for more than 15 years, recently secured long-term leases with Mason’s Famous Lobster Rolls and Kindbody at its 2nd and Josephine property in Denver’s Cherry Creek North. “Cherry Creek North is the perfect live-work-play

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Meet the Company Helping Real Estate Owners Cut Utility Consumption

Leave a Comment / Energy /

Denver-based Echelon Energy recently announced a significant minority growth investment by Union Main Group. Echelon, previously known as Navitas Equity Solutions, partners with commercial real estate owners to reduce the electricity and water consumption, cutting owners’ monthly utilities expenses and climate footprint. “Anecdotes of ESG accomplishments are insufficient. With buildings accounting for approximately 40% of global greenhouse

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Former Art Institute Building to be Transformed into Studio Apartments

Leave a Comment / Architecture, Design, Development, Multifamily, Renovation, Retail /

Located in the lively Golden Triangle neighborhood at 1200 Lincoln, Art Studios is an urban infill project which is transforming the former Art Institute building into 194 studio apartments. Developed by Nichols Partnership, the ten-story building with art-deco architectural style will feature one ground floor retail tenant and an art-themed interior style to pay homage to the building’s history.

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Denver Ranks Sixth for Office Rent Growth and 11th for High-Tech Job Growth, CBRE Study Says

Leave a Comment / Office, Reports, Technology /

The tech industry led a rebound in U.S. office-leasing activity in 2021, fueled by increased hiring and demand for tech products and services, according to CBRE’s annual Tech-30 report. Tech companies claimed a 22% share of U.S. office-leasing activity in the second and third quarters combined, up from 17% for all of 2020. Tech’s share

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Kennedy Wilson Acquires Arista Uptown in Broomfield

Leave a Comment / Brokerage, Multifamily, Renovation /

Global investor and developer Kennedy Wilson has acquired Arista Uptown, a 272-unit garden-style apartment community in Broomfield, for $95 million, excluding closing costs. Beginning immediately, the team will roll out a value-add asset management plan that includes investing $4million to renovate unit interiors, refresh common areas and enhance amenities to improve the renter experience. Completed in

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Movers and Shakers Week Ending 11.05.21

Leave a Comment / Movers and Shakers /

CSURF Welcomes Tamara Alexander-Johnson as Executive Director, Real Estate Services Colorado State University Research Foundation (CSURF) welcomes Tamara Alexander-Johnson as executive director of real estate services, beginning November 1, 2021. In this capacity, Tamara will oversee and work closely with CSURF’s project management and transactions team and alongside her counterpart, John Slack, executive director or property management.

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Marriott Receives $32.6M Construction Loan for Portfolio of Hotels

Leave a Comment / Construction, Development, Hospitality /

Los Angeles-based GreenLake Asset Management LLC (“GreenLake”) has funded a $32,600,000 construction loan for a portfolio of Marriott hotels. The properties will be a TownePlace Suites adjacent to Denver International Airport, opening in early 2023, and a Fairfield by Marriott in central Wyoming, opening in late 2022. GreenLake continues to see opportunity in the hospitality market

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