Author name: milehighcre

New JLL Hospitality Debt Report Shows Promising Road to Recovery

As the lodging industry continues to head down the road to recovery and many major lenders return to the market, JLL’s Hotel Investment Banking team recently released its Hospitality Debt Market Commentary to provide insights on the state of the market and identify positive trends. JLL’s Hotel Investment Banking team is actively engaged in over $2 […]

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Denver Among the Most Active Office Markets in the US

COVID-19 brought unprecedented change to the office market and its construction projects, and the office pipeline was doubly challenged by the pandemic. As a result, many companies are reevaluating their office space leases, which will inevitably manifest in office building construction. In light of this, Commercial Café has released its 2021 Office Pipeline study that examines the

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Saint Joseph Medical Pavilion Signs New Tenant

Denver-based SCL Health Heart & Vascular Institute announced today that it will relocate to the new Saint Joseph Medical Pavilion on the campus of Saint Joseph Hospital in Denver. SCL has leased the entire 26,345-square-foot fourth floor of the building, which will include healthcare space along with street-level restaurants and retail. The move is scheduled to take place

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Atlas Expands into Boise, Idaho

Atlas Real Estate, a full-service Denver-based real estate company specializing in investment brokerage, property management and institutional acquisition, has acquired Advanced Asset Management, a property management company based in Boise, Idaho. The acquisition provides residents, homebuyers and real estate investors in the Boise metro area with a full suite of investment-focused real estate services including brokerage and property management. “Over

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Industrial Building on Broadway Refinanced for $5.4M

Denver-based private equity firm Trailbreak Partners has refinanced its 83,028-square-foot, multi-tenant industrial building, located at 4250 Broadway in the RiNo/Globeville neighborhood, for $5.39 million. JLL worked on behalf of Trailbreak Partners, to secure the fixed-rate, non-recourse loan through an insurance company lender. Trailbreak Partners will use refinancing proceeds to pay off its existing bank loan. Trailbreak originally acquired

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Ribbon-Cutting: Eight-Story Affordable Housing Project in West Denver

On March 26, Mile High Development, Brinshore Development, JOHNSON NATHAN STROHE (JNS), Alliance Construction Solutions (ACS) and Urban Land Conservancy held a ribbon-cutting event for the completion of Sheridan Station Apartments, an eight-story affordable housing project in West Denver. Adjacent to the RTD W Line at 13th and Sheridan, the $41 million development is the culmination of 10

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405-Unit Apartment Community Planned for Colfax Avenue Corridor

Marking the company’s first investment in the Denver market, North Carolina-based Grubb Properties will add essential housing to the City of Aurora by developing a 405-unit apartment project, called Link Apartments® Fitz, at the southwest corner of East Colfax Avenue and Peoria Street. Construction on the project is expected to begin in June. “Link Apartments Fitz will bring

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Peak Innovation Park in Colorado Springs Secures $45M Financing

D.A. Davidson & Co. an employee-owned financial services firm with an office in Denver, has sold approximately $45 million of limited tax general obligation senior and subordinate bonds for the continued development of Peak Innovation Park, a 900-acre commercial development located at the entrance to the Colorado Springs Airport. The financings will fund critical infrastructure for the

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Metro Denver Industries Weather One Year of COVID, Look to Recovery

Businesses in the metro area have endured a year of pandemic-related impacts. And while some industries will take many more months (or longer) to recover, others have survived or even thrived under these challenging circumstances. That’s according to a COVID-19 special report from the Metro Denver Economic Development Corporation (Metro Denver EDC) called “Resilience & Recovery.” Part of

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