Author name: milehighcre

Multifamily and Light Industrial Emerge as Hottest Asset Classes

Multifamily and light industrial have emerged as the hottest asset classes for commercial real estate funding post-pandemic, according to Dan Page, president of Boulder Equity Partners LLC, a nationwide lender for all commercial real estate loans. “We see growth and security (stability) in these sectors and are willing to be more flexible as a result,”

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Leveling Up Multifamily Design for the Next Generation of Apartment Users

By Ashley Stiles Multifamily development was on a strong growth trajectory well before the COVID-19 pandemic upended the world economy, but the product type is seeing more demand than ever in some urban markets as for-sale housing becomes even more difficult and expensive to come by. Nationwide, 518,000 multifamily units have been absorbed in the last 12 months,

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Tributary Real Estate Purchase Recently Renovated Denver Office Building

Denver-based Tributary Real Estate has purchased Globe4Hundred, a recently repositioned office building located at 400 West 48th Ave. in Denver. JLL Capital Markets team represented the seller, NAS Properties, and the seller, Tributary Real Estate. The team was led by Managing Directors Larry Thiel and Jason Schmidt who sold their second off-market office building in the

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CBRE Denver Office MarketView Q2 : Leasing Activity Improves as Tenant Demand Picks Up

According to CBRE’s research report, Denver Office MarketView Q2 2021, the Denver office market exhibited encouraging fundamentals in Q2 2021, posting negative direct net absorption of 430,422 sq. ft. This marks the fifth straight quarter of negative absorption, although this figure has vastly improved upon last quarter’s negative 1.1 million sq. ft. absorbed. Class B office properties were the catalyst

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CBRE Denver Industrial Marketview: More Than 1.2M sq. ft. of Positive Net Absorption Recorded in Q2

It’s no secret that Denver’s industrial market is booming. According to CBRE’s latest research report, Denver Industrial MarketView Q2 2021, metro Denver saw its 45th consecutive quarter of positive net absorption and development volume continued to reach new heights. Highlights: Over 1.2 million sq. ft. of positive net absorption was recorded in Q2 2021, up 45.1% quarter-over-quarter

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Pepsi Proposes Bottling Plant Near DIA

PepsiCO is planning to build a large scale bottling facility near the intersection of Tower Road and Pena Boulevard, according to a “large development review” document submitted to the City of Denver. Pepsi Co, Inc. and its affiliate, Bottling Group, LLC is under contract to purchase the 148 acres, currently owned by Glendale-based Westside Investment Partners,

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Groundbreaking: Phase 2 Great Hall Project

Phase 2 of Denver International Airport’s Great Hall Project broke ground earlier this month. The primary focus of Phase 2 is to enhance security by relocating the security checkpoint at the south end of Level 5 to the northwest corner of Level 6 in the northwest corner of the Jeppesen Terminal. Denver International Airport (DEN) Chief Executive Officer

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Denver Apartment Portfolio Sells for $61M

Oak Coast Properties has acquired two rental properties in Denver for $61 million, The Avalon and Estrella, encompassing a total of 427 units. The real estate investment firm is planning $3.2 million in renovations as part of an enhancement plan aimed at improving the marketability and ROI of the communities. With this latest acquisition, Oak Coast Properties’

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Movers and Shakers Week Ending 07.09.21

John Norris Selected for Elevation to American Society of Landscape Architects’ Council of Fellows John Norris of Norris Design, a national planning, landscape architecture and branding firm, has been selected for induction into the Council of Fellows of the American Society of Landscape Architects this November. The American Society of Landscape Architects (ASLA) selected 35 members to be

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