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Meritage Homes Introduces New Three-Story Townhome Product

Leave a Comment / Construction, Development, Transit /

Meritage Homes, the sixth-largest public homebuilder in the U.S., has announced their newest product, three-story townhomes, available across three communities in Broomfield and Arvada. This new product line offers three different floorplans ranging from 1,788 square feet to 2,183 square feet, with the option for a rooftop deck. With inventory tight in the Denver market

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Residence Inn Steamboat Springs Sells for $33M

Leave a Comment / Brokerage, Hospitality /

The newly-built Residence Inn Steamboat Springs in Steamboat Springs, Colo., has sold for $33 million to Summit Hotel Properties, a leading publicly-traded lodging real estate invetment trust based in Austin, Texas. Mark Darrington, Larry Kaplan and Rick Rush with CBRE represented the seller, Pine Grove Hotel Venture, LLC. The three-star 110-room property is located at 1480

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Sale of Office Building Shows Continued Demand for Office in Colorado Springs

Leave a Comment / Development /

Synergy Corporate Center, located at 5225 N. Academy in Colorado Springs, has sold to a Colorado-based investor group that purchased the asset from Great Western Foloh, LLC for $6.55 million. The 44,256 rentable square-foot office building is located along the North Academy corridor and benefitted from approximately 90 percent occupancy at closing, providing sustainable cash

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Movers and Shakers Week Ending 07.30.21

Leave a Comment / Movers and Shakers /

Jay Despard joins Rockefeller Group Rockefeller Group announced that veteran Denver real estate investment and development executive Jay Despard has joined the company as senior managing director and head of the firm’s new Rocky Mountain Region. Mr. Despard was previously a senior managing director in Colorado for Hines. Based in Denver, Mr. Despard will have

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Alliance Construction Solutions Building Townhomes in Highline Village

Leave a Comment / Construction, Development /

Alliance Construction Solutions (Alliance) recently began construction of four three-story, for-rent townhome buildings in Aurora’s Highline Village neighborhood, located directly west of Aurora Hills Golf Course. The buildings will provide twenty-two units of additional housing to the neighborhood. The project is owned by Highline Village Townhomes, LLC and designed by KTGY. The team began work on June 1st and

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Saunders Receives Construction Financing for 203-Unit Apartment Community in Englewood

Leave a Comment / Construction, Development, Multifamily /

Saunders Commercial Development Company has received $43 million in structured construction financing for the development of Winslow Crane Apartments, a 203-unit, Class A, garden-style multi-housing community in Englewood. Winslow Crane Apartments will feature unparalleled amenities and finishes. Once completed in 2022, the three-story property will consist of one- and two-bedroom units ranging from 546 to

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CentrePointe Properties Acquires Centennial Office Building for $14.2M

Leave a Comment / Brokerage, Office /

Highland Place II, a 143,175-square-foot office property in Centennial, has sold for $14.255 million to Denver-based commercial real estate investment firm CentrePointe Properties. Patrick Deveraux, James Brady, and Campbell Davis with CBRE Capital Markets in Denver represented the seller, Atlas Real Estate Partners. Located at 9110 E. Nichols Avenue, between the County Line and Dry Creek

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540-Unit Mixed Use Apartment Complex Coming to RidgeGate Station in Lone Tree

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

Regency Partners has closed on the land that will deliver 540 units of transit adjacent housing at the RTD RidgeGate Station on the east side of I-25 just south of RidgeGate Parkway. Construction is expected to begin this summer and will be completed by Shaw Construction in two phases with the first residents occupying the

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NOVEL RiNo Breaks Ground

Leave a Comment / Affordable Housing, Construction, Development, Events, Multifamily, Retail /

On Tuesday July 20, Crescent Communities broke ground on the mixed-use, multifamily community NOVEL RiNo in Denver’s River North Art District and Cole neighborhood. NOVEL RiNo, located at 1300 40th Street, will include 483 luxury residences and 15,800 square feet of retail space. A percentage of the residences will be designated for affordable housing. Design and construction

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City Unveils $450M General Obligation Bond Initiative

Leave a Comment / Construction, Development /

Mayor Michael B. Hancock’s administration has unveiled the details of a $450 million General Obligation (GO) bond initiative that promises to offer a boost to Denver’s economic recovery for years to come. The package, if referred by City Council this summer and approved by voters this November, would create an estimated 7,500 good-paying jobs and

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