Author name: milehighcre

Growing Cannabis Real Estate Firm Expands Portfolio

Denver-based Scythian Real Estate, a full-service real estate company that specializes in working with sophisticated, well-capitalized cannabis operators, has acquired a 3,048-square-foot facility operated by Grassroots Cannabis in Bradford, Pennsylvania. Scythian purchased the recently renovated property at 109 Main Street from Grassroots Cannabis in a sale-leaseback transaction. “This is our third transaction with Grassroots, and […]

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Denver Rents Decline 1.4% in April and May

The COVID-19 pandemic has ended years of healthy multifamily fundamentals. Demand has weakened, and renters are increasingly looking for more inexpensive stock. After nearly a decade of solid growth, multifamily asking rents dropped 0.4  percent nationally in April and May, with twice as many metros seeing rents decline (71) as increase (35), according to a

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Unico Properties Completes Platte Street Plaza

Unico Properties, a subsidiary of Unico Investment Group LLC, recently completed Platte Street Plaza, a community amenity space at the base of the Highland Bridge. The project was made possible through a public/private partnership between Unico Properties LLC and the City & County of Denver, with the $1.7 million in equity required for the project

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Jazz Studio Opens at Buell Public Media Center

Koelbel and Company, a family-owned real estate development firm and supporter of numerous community education and cultural organizations, has completed the Koelbel KUVO JAZZ Studio at Rocky Mountain Public Media’s (RMPM) new community-focused Buell Public Media Center in Denver’s Arapahoe Square. Opening in stages this summer, the new facility will house the Koelbel KUVO JAZZ

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White Construction Group Completes Two Projects in Castle Rock

White Construction Group, a development and commercial construction company that manages and builds some of the Rocky Mountain region’s most notable projects, recently completed two projects in Castle Rock: a new, ground-up Meadows Town Center III mixed-use project and a remodel for Independent Financial. Meadows Town Center III is a 21,400-square-foot, $4.5 million retail and office development, the third

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Great Hall Project Reveals Public Dashboard

Today, Denver International Airport (DEN) unveiled a new public-facing dashboard for Phase I of the Great Hall Project. The dashboard provides transparency into the status, progress and budget of the project. “When DEN regained control of the project late last year, we made a commitment to focus on the transparency of the project through a

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600-acre Industrial Park Proposed for Adams County

According to the Denver Post, Denver-based Rocky Mountain Industrial is planning to spend $100 million dollars to build a 600-acre industrial park in Adams County, next to the Colorado Air and Space Port. The new park would enable the company to distribute goods and materials like sand, gravel and other materials throughout the Front Range

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Denver 2nd Most Gentrified City, says Report

A study, from the National Community Reinvestment Coalition (NCRC), has identified new rankings for the most gentrified cities in the country. Denver is the second-most gentrified city in the nation, while San Francisco takes the top spot. According to the study, 27 percent of the Mile High City’s eligible neighborhoods gentrified between 2013 and 2017. “COVID-19 struck a

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West + Main Homes Launches Retail Partnership with Conscious Living Shop

Boutique real estate concept West + Main Homes (WMH) has partnered with with locally owned eco-conscious home goods store, The Conscious Merchant. The first of its kind retail partnership came to fruition when COVID-related closures prevented The Conscious Merchant from opening their original space as planned. The brokerage firm, West + Main Homes has grown exponentially along the Front Range and

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