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BMC Recapitalizes 3-Property Workforce Housing Portfolio

Leave a Comment / Affordable Housing, Development, Renovation /

Denver-based BMC Investments(BMC) has recapitalized a three-property portfolio of workforce housing apartment communities—Landon Park, Aurora Hills and Vista Park—with a fund managed by DRA Advisors, a New York-based registered investment advisor. The recapitalization will be one of BMC’s largest with an institutional capital group, further establishing BMC within the institutional markets. BMC— through its property management division (BLDG Management)—will retain property management and oversight […]

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ENR Announces 2021 Top 400 Contractors

Leave a Comment / Awards, Construction /

Hensel Phelps and PCL Construction are among the Colorado firms to make Engineering News-Record’s Top 400 Contractors list. The list, published annually in May, ranks the 400 largest U.S.-based general contractors, both publicly and privately held, based on construction contracting-specific revenue. ENR attempts to bring structure to an otherwise huge and chaotic construction industry by performing

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New Entertainment Bowling Venue Opening in Greenwood Village

Leave a Comment / Architecture, Construction, Development, Hospitality /

Pindustry, a 54,500-square-foot entertainment venue, restaurant, and bar will open this Sunday, June 27, at Arapahoe and Syracuse in Greenwood Village. Pindustry will include two floors of entertainment and dining, including duckpin bowling, traditional bowling, and vintage arcade games. As well as a large outdoor beer garden for live music, and a massive rooftop patio, the Sky Deck, featuring

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U.S. Will Need 330M sq. ft. of Additional Distribution Space by 2025

Leave a Comment / Industrial, Reports, Retail /

With e-commerce penetration expected to grow to 26 percent of all retail sales by 2025, the U.S. will need an additional 330 million square feet of distribution space just to handle the increase in online ordering in that timeframe, according to a new report from CBRE. That anticipated, e-commerce-generated demand for another 330 million sq.

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7-Story Apartment Project to Replace Ramada Hotel

Leave a Comment / Brokerage, Development, Hospitality, Multifamily /

San Antonio-based Kairoi Residential, a vertically integrated multifamily investment, development and property management company with an office in Denver, recently purchased the Ramada by Wyndham Denver Downtown hotel, located at 1150 E. Colfax Ave. Kairoi paid $14.15 million, according to property records. The developer plans to demolish the hotel and build a seven-story 334-unit apartment project, according

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Power REIT Acquires 10-Acre Property in Crowley County for Greenhouse Development

Leave a Comment / Construction, Development, Industrial, Land Sales /

Power REIT, a real-estate investment trust (REIT) that owns real estate related to Controlled Environment Agriculture, has acquired a 10-acre property in Crowley County, through a wholly owned subsidiary (“PropCo”). The property will include the construction of a 12,000-square-foot greenhouse space and 12,880 square feet of support buildings and infrastructure that will be funded by Power REIT

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Stantec Designs Hybrid Office for Denver-Based Law Firm

Leave a Comment / Architecture, Design, Development, Office /

Stantec is designing the interiors for Denver-based law firm Sherman & Howard L.L.C., as the firm prepares to move into a 58,500-square-foot space at the new Block 162 building in downtown Denver. The design will support the company’s new hybrid officing model, a concept that combines remote and in-office work that is expected to become a common

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Two More Buildings Break Ground at Eastpark 70

Leave a Comment / Construction, Development, Industrial /

Two more buildings are joining Eastpark 70, a Class A industrial development in northeast Aurora. The project by Consolidated Investment Group—an Englewood-based company that actively invests in real estate, capital markets, private equity and philanthropyal—already totals 900,000 square feet across four buildings. Building 5 will total 158,900 square feet and Building 6 will total 77,100 square

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Kenai Capital Advisors and CWCapital Purchase Westminster Office Portfolio

Leave a Comment / Brokerage, Development, Industrial, Office /

Kenai Capital Advisors and CWCapital Investment Management have acquired a portfolio of three office/flex properties and one development parcel on Church Ranch Boulevard in Westminster. The partnership purchased the 151,746-square-foot portfolio containing 7237, 7401, and 7403 Church Ranch Boulevard, as well as an adjacent vacant development site, from Etkin Johnson. Essex Financial Group secured an $18.4 million bridge loan for

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Food Hall to Open at McGregor Square July 1

Leave a Comment / Development, Hospitality /

A brand new food hall featuring nine stand-alone restaurant concepts, a central bar and a 28,000-square-foot outdoor plaza with a giant LED screen, will open July 1 at McGregor Square, Denver’s new multi-use development in LoDo. Inspired by train cars decorated with upscale finishes, diners at Milepost Zero will enjoy a wide array of restaurants in

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