Author name: milehighcre

Broe Real Estate Group Launches $250M Strategic Investment Program

Denver-based real estate investment company Broe Real Estate Group (BREG), formerly announced last week the launch of its $250M BREG Strategic Investments Program to create expedited capital solutions for liquidity strained commercial real estate properties and ventures that are experiencing distress from COVID-19 related market disruptions. Broe’s Strategic Investments Program provides vital rescue capital solutions to stabilize […]

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What’s Next for Office Space?

By Andrea Staucet, vice president, Agency Leasing, JLL Returning to a ‘new normal’ in the commercial office world is beginning to look different. According to Gensler’s 2020 US Work From Home Survey, encouraging reports show that most employees miss having the opportunity to interact with their colleagues face-to-face and are eager to return to the workplace. As

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Movers and Shakers Week Ending 06.19.20

Johns Manville Announces New CEO, Chairman Transition Denver-based Johns Manville (JM), a global building and specialty products manufacturer and a Berkshire Hathaway company, announced this week that Bob Wamboldt will become president and CEO on Sept. 1, 2020. Mary Rhinehart, the company’s current chairman, president and CEO, will retain the role of chairman. Wamboldt joined

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ACEC Colorado Installs 2020-21 Elected Board of Directors

The American Council of Engineering Companies of Colorado (ACEC Colorado) installed its newly elected 2020-21 Board of Directors at the organization’s Annual Meeting on April 24. Karlene Thomas, PE (Pinyon Environmental – Colorado Springs, Colo.) will serve as president and accepted the gavel virtually from Past President Brad Doyle, PE (Atkins – Denver) during the

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Three-Building Medical Plaza Sells in Colorado Springs

MBRE Healthcare, a full-service real estate company that acquires, develops, leases and manages healthcare real estate across the U.S., has closed on the sale of Union Medical Office Plaza, a 149,428-square-foot, three-building medical office campus in Colorado Springs. The sale price was not disclosed. Union Medical Office Plaza consists of 1625, 1633 and 1644 Medical Center

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Downtown Denver Office Market will Rebound from Energy Price Drop

The recent plunge in oil prices — the result of a price war and decreased demand for oil in the wake of the global coronavirus pandemic — is expected to have a negative impact on downtown Denver’s office market, but CBRE predicts that Denver’s diversity of office tenants and track record of recovering from past oil-industry shocks will

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ColeTaylor Adds The Citadel in Cherry Creek to Property Management Portfolio

ColeTaylor, a Denver-based commercial property management company known for providing exceptional service and cultivating strong relationships with tenants and owners, recently expanded its property management portfolio to include The Citadel in Cherry Creek. Located at 3200 E Cherry Creek South Dr., The Citadel is a seven-story, 131,000-square-foot Class A boutique office property directly adjacent to

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Investors Remain Optimistic About Commercial Real Estate, says Study

According to real estate advisory firm Hodes Weill & Associates, that has an office in Denver, investors are taking a measured, cautious approach to new investments and focusing on portfolio management. Results from a recent study showed that while 59 percent of investors anticipate a slowdown in investment activity over the next six to 12 months,

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Denver’s Monroe Professional Building Sells For $3.8M

Monroe Professional Building, a 12,500-square-foot office building in Denver’s Congress Park neighborhood, has sold for $3,825,000. Located on the SWC of 12th Avenue and Monroe Street, Monroe Professional Building is within walking distance of a host of restaurants, shops, and two regional hospitals (National Jewish Health and Rose Medical Center). Kevin Calame and Matt Lewallen, principals at AQYRE

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