Author name: milehighcre

Buyer Sees Opportunity in Suburban Office Property

Denver-based investment brokerage firm Quiver Investments has successfully closed the sale of Syracuse Hill III, located at 6161 South Syracuse Way in Greenwood Village. Pantheon Syracuse, LLC purchased the asset from T&S Properties as part of a larger 1031 exchange. A purchase price was not disclosed. In the wake of COVID, the buyer sees opportunity in

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Denver’s Medical Office Market Shows Signs of Resiliency in First Half of 2020

While the MOB market did soften as expected following the onset of COVID-19, strong preleasing is cause for optimism. According to CBRE’s biannual report on the Denver medical office building market, which covers the first half of 2020, three projects totaling 124,000 square feet were delivered in the first half of the year, with 88.8

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276-Unit Multifamily Community in Fort Collins Sells for $74M

Buchanan Street Partners, a California-based real estate investment management firm has acquired a 276-unit multifamily community in Fort Collins, from Milestone Development Group, for $74 million. Built in 2018, The Vibe Apartments consists of 12 buildings, on 10 acres of land and was 93 percent occupied at the time of sale. The community is located at

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Etkin Johnson Breaks Ground on Industrial/Flex Campus in Loveland and Secures Long-term Lease at CTC

Over the last decade, demand for industrial/flex space has increased significantly in Northern Colorado and long-term effects of the pandemic are projected to boost demand for industrial/flex space due to factors such as booming e-commerce and changing inventory controls, according to CBRE. Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and

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Bonfils-Stanton’s New HQ Design Lets Art Shine in the Santa Fe Arts District

Elsy Studios, a Denver‐based full-service commercial interior design firm, has completed Bonfils-Stanton Foundation’s new 2,764-square-foot headquarters at 1033 Santa Fe Dr. in Denver. Bonfils-Stanton is the leading arts funding foundation in Denver. “We collaborated with Hyder Construction on the adaptive reuse of this building a couple of years ago, so we were thrilled to get the

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City of Brighton Approves Water Treatment Plant Upgrades

Environmental engineering and construction firm Brown and Caldwell has been approved by the City of Brighton to design improvements and expansions to the city’s drinking water treatment plants (WTPs). Serving more than 41,000 citizens over a 27-square-mile area, the city owns and operates two WTPs; the Reverse Osmosis (RO) WTP and the Greensand WTP. As

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JCR Capital Rebrands as Walker & Dunlop Investment Partners

Walker & Dunlop, Inc. recently announced that two years after acquiring alternative investment manager JCR Capital Investment Corporation, the firm is rebranding as Walker & Dunlop Investment Partners, Inc. (WDIP). Sam Isaacson, who previously served as managing director leading the firm’s investment teams, has been promoted to president and will lead WDIP’s daily operations in the

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Denver Sees Second-Most Data Center Leasing Among Secondary Markets in First Half of 2020

An increase in remote working and content streaming due to the COVID-19 pandemic has reinforced the importance of data center reliability. According to CBRE’s latest North American Data Center Trends Report, Denver saw the second-most data center leasing activity among secondary markets in the first half of 2020. Denver recorded 2.9 megawatts (MW) of net absorption, trailing only Austin/San

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Report Examines “Whole Foods Effect” on Rental Rates

Most people in real estate are familiar with the “Whole Foods Effect”—the premium added to the value of apartments that have a Whole Foods on the ground floor—but the actual numbers behind that effect may not be clear. A recent report from RCLCO Real Estate Advisors demonstrates how the effect has held up over time. In 2016, RCLCO sought to

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