milehighcre, Author at Mile High CRE

Colorado Design-Build Team Receives Award from Design Build Institute of America

Leave a Comment / Architecture, Awards, Construction, Development / milehighcre

A Colorado-based design-build team, consisting of Gilmore Construction Corporation and The Abo Group, has received the National Award of Merit in Rehabilitation, Renovation and/or Restoration from the Design Build Institute of America (DBIA) for the consolidation and renovation of the General Services Administration (GSA) Building 67, on the 623-acre Denver Federal Center Campus. Building 67, constructed in 1967, is […]

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Howell Construction Completes Office Tenant Improvement at the Prism Building in Downtown Denver

Leave a Comment / Architecture, Construction, Office, Renovation / milehighcre

Howell Construction recently completed the tenant improvement project for the International Association for the Study of Lung Cancer (IASLC), a 6,000-square-foot project located on the second floor of the Prism building on 17th and Curtis in downtown Denver. In 1974, IASLC held their first formal meeting in Florence, Italy, having recruited more than 250 founding members from across

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Arizona Commercial Real Estate Company Opens Denver Office

Portfolio of Skilled Nursing Facilities Receives HUD Financing

Leave a Comment / Brokerage, Healthcare, Senior Housing / milehighcre

Senior and long-term care management company Madison Creek Partners, has received $16,408,000 in financing for three skilled nursing facilities in central Colorado. The portfolio is comprised of Pioneer Health Care Center, a 29-unit facility in Rocky Ford, Paonia Care & Rehabilitation, a 28-unit facility in Paonia, and Glenwood Springs Health Care, a 29-unit facility in Glenwood Springs. Walker &

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Colorado Springs Office Market Posts Positive Year-end Net Absorption for Ninth Straight Year

Leave a Comment / Office, Reports / milehighcre

According to CBRE’s Colorado Springs Office MarketView H1 2020, the Colorado Springs office market recorded positive market fundamentals in H1 2020, despite the on-going economic impacts of COVID-19. The Colorado Springs economy is largely supported by the military installations which will help support continued office-using employment growth in the defense contractor, cybersecurity and financial technology (fintech) industries. According to the report, the

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Well-Positioned Strip Mall in Westminster Sells for $1.6M

Leave a Comment / Brokerage, Retail / milehighcre

A four-tenant strip center located at 2751 West 120th Avenue, Westminster, has sold for $1,641,000. Built in 2006, the 6,173-square-foot retail center is occupied by Edward Jones, Peak Physical Therapy, and Allied Healthcare Services. According to Peter Peluso, vice president, Legend Investment Group (LIG), a division of Legend Partners, who represented the seller, a local private investor, Covid-19

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New Denver Developer Focused on Quality of Life

Leave a Comment / Development, Multifamily / milehighcre

A new Denver-based real estate development company has pledged to do development differently. MVRK (pronounced “mav(ǝ)rik”) promises tenants a high quality of life (QOL), taking a sociological approach to identifying the right opportunities in Denver, Colorado Springs, Boise, Spokane, and other high-QOL markets. By putting people at the center of their decision-making process, they’re able

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Hensel Phelps Awarded $212M Design-Build Contract for Convention Center Expansion

Leave a Comment / Construction, Development / milehighcre

The Denver City Council approved last week a $212 million design-build contract with Greeley-based Hensel Phelps Construction for the Colorado Convention Center expansion project. The expansion includes a new 80,000-square-foot multi-purpose room and outdoor rooftop terrace with sweeping views of the city skyline and mountains. On the ground floor, there will be lobby renovations. The

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Rodeway Inn Hotel in Loveland Sells During COVID Shutdown

Leave a Comment / Brokerage, Hospitality, Investment / milehighcre

The Rodeway Inn, a 48-room hotel in Loveland, has sold for $2,875,000. The sale took place during the COVID-19 pandemic, which made the financing “extremely difficult,” according to Neville Rustomjee, first vice president investments at Marcus & Millichap’s Denver office. “Many SBA lenders will not finance new hotel acquisitions, and those that do are asking for

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Stantec Designs City and County of Broomfield’s New Service Center

Leave a Comment / Architecture, Design, Development, Office / milehighcre

The City and County of Broomfield recently celebrated the completion of a new Service Center, which expands the offerings for its Public Works division. The project, designed by global design firm Stantec, includes an administration building with utilities maintenance shops and storage bays and police storage. Other features include a new fleet maintenance building, heated

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Author name: milehighcre