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Colorado Springs Apartment Community Sells for $29M

Leave a Comment / Brokerage, Multifamily /

Elevate Apartment Homes in Colorado Springs has sold for $29 million ($151,042 per unit and $186 per square foot). Elevate is a 192-unit apartment community built in 1975 and located at 370 Crestone Lane, located in the southwest part of Colorado Springs – a very hot rental submarket experiencing significant redevelopment and growth. According to Colliers International, the highly desirable

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Groundbreaking: Sky Ridge Station Apartments, Lone Tree

Leave a Comment / Construction, Development, Multifamily, Transit /

Construction has begun on the Sky Ridge Station Apartments, a new 240-unit apartment complex situated on the last parcel of land at the Sky Ridge Station transit-oriented development (TOD) site. The seven-story apartment complex, which includes two levels of parking, is adjacent to several large employers in the area including the Sky Ridge Medical Center,

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Movers and Shakers

Movers and Shakers Week Ending 01.01.21

Leave a Comment / Movers and Shakers /

Norris Design Promotes Staff in Denver Norris Design, a national planning, landscape architecture and branding firm, has announced the promotion of Emily Cox and Ryan Schatzman to senior associate in the Denver office. Emily joined Norris Design in 2015 and manages the marketing team’s daily efforts, overseeing marketing deliverables, award submissions and client-facing collateral for all eight offices throughout

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Mixed-Use Project Proposed on 60 Acre Site Near DIA

Leave a Comment / Development /

According to a proposal submitted to the City of Denver, Godden Sudik Architects and developer Pauls Corporation are planning to build a mixed-use project on a 60 acre vacant parcel of land that’s located north of E. 40th Ave, and east of Pena Blvd. The project could include as many as 1,175 for-rent apartments, townhomes and single-family homes and

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Apartment Property in Denver’s Golden Triangle Sells for $10.8M

Leave a Comment / Brokerage, Multifamily /

Satori Residences, a 24-unit multifamily property in Denver’s Golden Triangle Creative District, has sold for $10.8 million.  Satori Holdings LLC sold the property to a confidential out-of-state entity in a transaction that closed Dec. 3. Satori Residences is a newly built, five-story property located at 950 Lincoln Street, the property totals 27,954 square feet including 2,346

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Denver Among Most Popular U.S. Cities for Office Adaptive Reuse

Leave a Comment / Office, Renovation, Reports /

A study by CommercialSearch, the latest addition to the CommercialEdge network of marketplaces, takes a look at the trend of office adaptive reuse. 4,283 offices were created through adaptive reuse across the country in the past 100 years. Here are some key takeaways from the study: Denver office space grew by 3.4 million square feet

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New Report Shows 3D Printing Has Potential to Revolutionize Construction

Leave a Comment / Construction, Technology /

A new report from Guidehouse Insights — a Boulder-based market intelligence team that provides emerging technology research, data, and benchmarking services for today’s rapidly changing and highly regulated industries — examines the market for 3D printing construction technology. According to the report, global market revenue for 3D-printed construction of buildings is expected to grow from $6.5 million

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Q&A with Scott Farrell, President of i2 Construction

Leave a Comment / Construction, Feature, Q&A /

Scott Farrell, LEED AP, is president and partner at Denver-based i2 Construction, a full service general contractor with a focus on complex commercial construction projects — ranging from brand forward corporate interiors and technical medical/laboratory facilities, to new building construction and exterior additions/improvements. While embracing his roots of growing up in a small family business, he leads

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Grocery-Anchored Retail Center on Federal Blvd Fetches $14.9M

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Brentwood Center, a 33,494-square-foot retail shopping center consisting of eight buildings on 13.36 acres in Southwest Denver, has sold for $14.9 million. According to CoStar, Brentwood Center is the largest retail property to sell in Denver this year and the largest since 2016. The property is located at 1951, 2095, & 2099 South Federal Boulevard and

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Multifamily Portfolio in Sloan’s Lake Trades for $14.5M

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A three-building multifamily portfolio located in the Sloan’s Lake neighborhood of Denver, has sold for $14.5 million. Robert Bratley with CBRE’s Denver office facilitated the sale of the 69-unit, 41,850-square-foot portfolio on behalf of the seller, a local private investor. The buyer, also a local private investor, acquired the properties in a sale that closed on

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