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United Properties and PCPP Form $165M Joint Venture Platform Partnership

Leave a Comment / Brokerage, Development, Industrial /

CBRE has arranged a joint venture platform partnership between United Properties and investment manager PCPP on an 11-building industrial portfolio, to scale a development program focused on delivering top-quality industrial product in high growth markets. Phase I of the platform has a pipeline of eleven properties totaling 1,403,341 square feet and are located in the strategic […]

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Lee and Associates Report Examines Effects of Changing Tax Policy on CRE

Leave a Comment / Brokerage, Finance, Investment, Reports /

Lee and Associates Research has just released a new report titled Effects of Changing Tax policy on Commercial Real Estate that examines the Biden administration’s proposal to nearly double the capital gains tax for people who make more than $1 million a year. The plan will tax capital gains at the same rate wages and

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Mile High Climber: Sam Ward, Interior Designer at Elsy Studios

Leave a Comment / Design, Feature, Mile High Climber /

Mile High CRE is excited to announce that our first Mile High Climber is Sam Ward, interior designer at Denver-based Elsy Studios. Mile High Climbers are industry professionals who are new to their field or are in the early years of the profession. They innovate, inspire, collaborate, and take risks. They are future leaders and

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Denver Prepares to Welcome Employees Back to the Office

Leave a Comment / Health, Office, Property Management /

The Downtown Denver Partnership, Gary Community Investments, COVIDCheck Colorado, the City and County of Denver, and RTD are proud to announce Denver’s Ready, ready to welcome employees back to their Denver offices safely and responsibly. The coalition behind Denver’s Ready currently includes more than 135 companies – a number that is growing each day. The

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Joint Venture Acquires Broomfield Trophy Office Tower 

Leave a Comment / Brokerage, Office /

A joint venture between Ascentris and Cypress Office Properties has acquired Central Park Tower, a 297,262-square-foot, Class AA suburban office tower in Broomfield. The joint venture is planning to renovate the building that will include upgrading and expanding the fitness center, as well as the addition of an outdoor amenity feature with seating, gaming and

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Elevate Real Estate Services Announces Two New Property Management Assignments

Leave a Comment / Office, Property Management, Retail /

Elevate Real Estate Services, an independent firm offering comprehensive management solutions with a personal touch and extensive experience in property and asset management, has received two new property management assignments: the Pecos Square Retail Center and a single-tenant office building located in Centennial. Pecos Square is a 10,729-square-foot retail center, located at 38th and Pecos

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Two Fort Collins Multifamily Properties Sell for $64.5M

Leave a Comment / Brokerage, Multifamily /

According to CBRE, Landmark and Stone Creek, two multifamily properties in Fort Collins, have sold to Franklin, Tenn.-based Brickstone for $64.5 million in total consideration. Dan Woodward, David Potarf, Matthew Barnett and Jake Young of CBRE in Denver represented the seller, Summit Management Services, in the transaction. Landmark is a 120-unit garden-style community located at 1050

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Hospitality at Work® Acquires Boulder-Based Keys Commercial

Leave a Comment / Brokerage, Property Management /

Hospitality at Work, a Denver-based commercial property management company and a wholly owned subsidiary of Lowe, has acquired Keys Commercial, a property manager and commercial brokerage based in downtown Boulder. Keys currently manages multiple institutional quality commercial properties in Boulder/Broomfield and in the Denver market.  These buildings will join the Hospitality at Work portfolio of

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Multifamily Development Near Sloans Lake Secures Additional Construction Financing

Leave a Comment / Brokerage, Construction, Development, Finance, Multifamily /

To help bridge a financing gap caused by the COVID-19 pandemic, developer Highland Development Co. has secured $9.3 million in financing for Signalmen Apartments, a 52-unit multifamily project in Denver’s West Colfax neighborhood. Tributary Capital arranged an $8 million construction loan through First Western Trust with a 75% loan-to-cost ratio and provided $1.3 million in preferred equity to

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Denver Hotel Market Shows Signs of Recovery

Leave a Comment / Hospitality, Reports /

The continued rollout of COVID-19 vaccinations and additional stimulus funds have strengthened the foundation for the recovery of the U.S. lodging industry. According to the February 2021 edition of Hotel Horizons®, CBRE Hotels Research is forecasting an average national occupancy level of 43.0% during the first half of 2021, accelerating to 55.1% in the second

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