Author name: milehighcre

Movers and Shakers Week Ending 04.09.21

Benchmark Commercial Adds High Performing Capital Markets Broker Jaimee Keene, MAI, joins the growing Benchmark Commercial Real Estate team. Jaimee brings over two decades of experience in the industry including brokerage, banking, commercial real estate valuation and appraisals, and business development. Jaimee Keene focuses on the disposition and acquisition of office, medical office, industrial and mixed-use properties throughout Denver, with […]

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Colorado State Land Board Selects Hospitality at Work to Manage Property Portfolio

The Colorado State Land Board has selected Denver-based Hospitality at Work,® a hospitality driven commercial property manager, to manage its thirteen building commercial portfolio, totaling 650,00 square feet and valued in excess of $130 million. The portfolio includes Class A and B multi-tenant office, flex and industrial properties located along the Colorado Front Range, including Denver, Centennial, Fort Collins,

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Food Production Facility in Denver Signs 3 New Tenants

Cushman & Wakefield has signed three new tenants at 400 W. 48th Avenue, a food production, commercial test kitchen and flex Space facility in Denver’s Globeville neighborhood. Vessel CO Operations, LLC leased 5,184 square feet of food production space, J.C. Bromac Corporation leased 10,234 square feet of commercial test kitchen space, and Milgard Manufacturing, LLC leased 10,000

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Groundbreaking: Mixed-Use Community ‘The District’

On Wednesday April 7, Brue Baukol Capital Partners‘ latest mixed-use project ‘The District’ broke ground, adjacent to RTD’s Dry Creek Station in Centennial. Spanning over 36 acres, the mixed-use development will offer 2.5 million square feet of office space, a 200-key hotel, 1,800 residential units, and more than 30,000 square feet of retail. “The District is

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Avison Young Release Q1 Denver Industrial Market Report

Avison Young’s Denver office has released its first quarter 2021 industrial market report. Driven by sustained demand in the Mile High City, industrial triple net (NNN) asking rates grew 1.65% quarter-over-quarter (Q/Q), ending the first quarter of 2021 with a market average of $8.61 NNN for direct space. Market Highlights: The average manufacturing rate rose 0.5%

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Howell Construction Completes Denver Wastewater Building Renovation

The Denver Wastewater building is an iconic feature along the South Platte River valley in downtown Denver. Adjacent to both I-25 and 6th Avenue, thousands of motorists pass this building every day. Howell Construction was selected as the construction manager/general contractor by the City and County of Denver to renovate the interiors of three floors and improve

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Trion Properties Acquires Two Multifamily Properties in Colorado Springs

Trion Properties, a private equity real estate firm based in West Hollywood, California, and equity partner, PCCP, LLC, an investment manager, have acquired a two-property portfolio located in Colorado Springs, for a combined total of $80 million. The properties, Quail Cove and Highland Park, total 406 units and represent an opportunity for Trion to acquire

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Denver a Rising Star City, says JLL

According to JLL, the pandemic has accelerated migration trends to a handful of rising star cities and as a result, investors are following suit. Growth markets, including Denver, have witnessed 10-year population growth between 10-30 percent, outpacing the 2010-2020 U.S. population growth of 7.1 percent. While Gateway cities will always will be attractive from both a resident and investor standpoint, growth markets

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Modular Construction: A Contemporary Approach to a Traditional Process

By Tom Merlo, PIOVTEK Business Development Associate Manufactured building components simplify the traditional construction process by reducing typical challenges from the job site. Trade stacking, schedule congestion, inconsistent quality, and variance are critical challenges facing traditional methods of construction. Utilizing manufacturing methods to optimize construction greatly increases productivity and quality while reducing labor requirements and inefficiencies in schedule that are

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Berkadia Completes the Sales of Two Apartment Communities

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, recently announced the sale of two Colorado properties; a multifamily property in Englewood and a student housing property in Colorado Springs. Iron Works Village, a garden-style multifamily property, located at 519 W Amherst Avenue, Englewood, sold for $14.6 million. Iron Works Village was built in 2020. The

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