Author name: milehighcre

Denver Construction Costs Above National Average, says Report

Rider Levett Bucknall (RLB) has released its latest Quarterly Cost Report (QCR) for North America. With data current to April 1, 2020 and featuring construction cost information for 14 U.S. and Canadian markets, the QCR provides a statistical view of the state of the construction industry. In April, Denver construction costs were recoded above the […]

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Movers and Shakers Week Ending 07.24.20

The Opus Group (Opus) announced today that Eric Chamberlin has joined Opus as a senior manager of real estate development. He will focus on identifying and executing multifamily, senior living, and industrial development opportunities across the greater Denver region. “We’re thrilled to have Eric join our team and look forward to leveraging his knowledge in

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Short-Term Rental Community in Denver Sells for $1.9M

4000-4010 West Conejos Place, a 4,900-square-foot multifamily property in Denver, has sold for $1.9 million. The sale signals a growing trend in short-term rental property investment. Robert Bratley with CBRE’s Denver office represented the seller, a private local investor, in a sale that closed July 17. “4000-4010 West Conejos Place has a lodging license allowing short-term rentals, which

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July Apartment Market Shows Continued Impact of COVID-19 Outbreak

Apartment market conditions weakened in the National Multifamily Housing Council’s Quarterly Survey of Apartment Market Conditions for July 2020, as the industry continues to cope with the ongoing COVID-19 pandemic. The Market Tightness, Sales Volume and Equity Financing indexes all came in well below the breakeven level. However, in a positive sign, the index for Debt

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30-Story Office Tower Planned for 1901 Arapahoe Street

Back in January, Chicago-based Riverside Investment and Development Company and architecture firm Goettsch Partners, submitted concept plans for a 30-story, 700,000-square-foot office tower on a 1.26-acre lot at 1901 Arapahoe St. in downtown Denver. Those plans have been updated in light of Covid-19. Newly named 1900 Lawrence, the office project is slated to include approximately 9,500

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Climate Change

Denver No.3 on RCLCO’s STEM Jobs Growth Index

Denver ranks 3rd on RCLCO’s 4th annual STEM Job Growth Index (“STEMdex”), released this week. The STEMdex highlights a number of metro areas commonly recognized as STEM (aka Science, Technology, Engineering, Mathematics) strongholds. The STEMdex tracks job growth momentum through an analysis of the 38 largest metropolitan areas in the country. The metro areas of Charlotte, Austin,

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USGBC Helps Cities and Communities Better Prepare for Pandemic Events

The U.S. Green Building Council (USGBC) has released two new Safety First pilot credits as part of the LEED for Cities and Communities rating system. The new credits are designed to help local governments and development authorities better prepare for and respond to future pandemic events. The guidance includes strategies for planning, risk assessment and training,

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81-Acre Mixed-Use Business Park Coming to Broomfield

St. John Properties, Inc. intends to invest $95 million to develop Simms Business park, a 600,000-square-foot mixed-use community on 81 acres of land in Broomfield. Construction activities for phase one are expected to commence in early 2021. Purchased from Brocade Communications Systems, LLC, the business community located at the intersection of N. Simms Street and W. 112th Avenue will

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Snowmass Resort Receives LEED Certification

The OZ Architecture designed Limelight Hotel in Aspen, Snowmass dubbed the “living room” of Snowmass, has given Snowmass Base Village the anchoring hotel and outdoor community gathering space it long needed. Earlier this year, the 99- room hotel joined the impressive list of buildings OZ has designed that meet the stringent standards of becoming LEED-certified, both for the

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Dimensional Innovations in Early Stages of Two Notable Colorado Design Projects

Kansas City-based Dimensional Innovations (DI), an experience design, technology, and fabrication firm—now with an office in Denver—partners with professional and collegiate sports franchises, companies and brands, entertainment giants, museums and world-renowned hospitals, to develop engaging experiences within a physical space. A team of brand strategists, animators, fabricators, interior designers, graphic designers, architects, interactive and environmental

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