Author name: milehighcre

Rethinking Community Service in a Pandemic

By Christina Zavislan To say this year has been full of challenges would be an understatement. But it is how we respond to those challenges that says everything about our character – as individuals, as neighbors, as a business community, and as a country. When it comes to Mortenson’s community outreach program, like many companies,

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Denver’s Tech Industry Proves Resilient During Pandemic

According to CBRE’s annual Tech-30 report, tech remains the strongest driver of office-leasing activity in Denver, propelled by robust high-tech job growth and moderate office rent growth, compared to other leading tech hubs. The Tech-30 report measures the industry’s impact on office demand and rents in the 30 leading tech markets in the U.S. and Canada. Net absorption

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Peak Development Group Assumes Ownership of Colorado’s First Geosolar Community

Peak Development Group, a Denver-based real estate developer focused on well-located and unique residential, commercial, hospitality and multi-family projects, announced the firm has acquired Colorado’s first geosolar community, Geos Neighborhood, in Arvada. Peak Development, in partnership with co-developer Laudick & Laudick Engineering, LLC, plans to complete the public infrastructure and partner with the local homebuilding

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Boulder Switches to a Renter Majority Market; Denver Still Favors Homeownership

The past decade witnessed a shift in the apartment market. According to a new RentCafé study, renting entered a downward trend in the latter half, going from 111 million renters mid-decade to 107 million by 2019. Despite this shift, 23 large and mid-sized cities transitioned to a renter majority, while homeownership took over 12 cities, after rebounding to

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JHL Constructors Selected for the Jones District Phase 1 Infrastructure Project

JHL Constructors, a Colorado-based and Colorado-focused builder, has been selected for Phase 1 of the Jones District infrastructure project located in Centennial— a master planned community that when complete will feature up to four million square feet of office, residential, retail and hotel components. Selected by project owner’s representative Independent District Engineering Services for owner Brue Baukol Capital Partners, JHL

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Dairy Block Welcomes New Retail Tenants, Hosts Holiday Market

Proving that retail is most certainly not dead during the pandemic, McWhinney, Sage Hospitality and Grand American, Inc., recently welcomed some exciting new retailers at Dairy Block — LoDo’s beloved micro-district that’s home to eclectic retailers featuring local boutiques & top national brands — and will host a holiday market in the Alley beginning Nov 27. The latest

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Apartments Near Cherry Creek State Park Sell for $54.5M

Oak Coast Properties has acquired Retreat at Water’s Edge, a 252-unit apartment community located in Denver near Cherry Creek State Park, for $54.5 million. The company is planning to invest $2.2 million in renovations aimed at improving the marketability of both units and amenities. The purchase comes directly on the heels of the October $123.5 million

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Movers and Shakers Week Ending 11.13.20

Walker & Dunlop Investment Partners Expands Capital Formation Team with New Director Walker & Dunlop Investment Partners, Inc., Walker and Dunlop’s wholly-owned alternative investment manager focused on middle-market commercial real estate investments, has hired Michael Link as Director on WDIP’s Capital Formation team. Mr. Link will be based out of the firm’s Denver headquarters and will be

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Former Macaroni Grill in Greenwood Village to be Redeveloped

Verdad, a national real estate development & construction company, has purchased the former Macaroni Grill restaurant property at 7979 Arapahoe Road, Greenwood Village, for $3.2 million. The company plans redevelop the property, which consists of a 7,418-square-foot building situated on a 1.86 acre lot directly on Arapahoe Road. Drew Isaac with Marcus & Millichap had the exclusive listing to market

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Housing Authority of Aurora Receives Funding to House Homeless Veterans

On the heels of Veterans Day, the Housing Authority of the City of Aurora (AHA) has received 20 HUD-Veterans Affairs Supportive Housing (VASH) vouchers, valued at $108,701, from the U.S. Department of Housing and Urban Development (HUD). The program combines HUD vouchers and housing case management with VA supportive services to help homeless Veterans and their families find and

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