Author name: milehighcre

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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New Report Predicts Growing Shift from Urban to Suburban

Cushman & Wakefield recently released a report and complementing article on the growing shift to the suburbs, as COVID-19 changes the way people live. Per this insight, the discussion about office real estate has shifted from strictly urban to a broader range of alternatives including the suburbs. While it’s unlikely that occupiers will need less real estate,

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Howell Construction Completes IHS Markit Consolidation

Howell Construction has completed IHS Markit’s 72,000-square-foot office consolidation project, located at 15 Inverness Way East, in Englewood. The London-headquartered global information provider consolidated offices to bring their employees together in a freshly renovated space. Gensler’s unique architectural design added interest to the transformed office that consists of restroom enlargements and refreshers, the creation of additional open office space accented by

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Colorado Springs Ranks 4th for Up-and-Coming Tech Markets

According to CBRE’s Scoring Tech Talent Report, Colorado Springs came in fourth on CBRE’s list of up-and-coming North American tech-talent markets, which ranks 75 U.S. and Canadian markets according to their ability to attract and grow tech talent. Colorado Spring’s tech-talent labor force grew by 15 percent in the past five years and its tech wages

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