Author name: milehighcre

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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Former Stapelton Air Traffic Control Tower

Punch Bowl Social Stapleton Announces Closure

Following a string of announcements of restaurant closures in Denver, the latest announcement hits extra hard. According to the Denver Post, Punch Bowl Social Stapleton will not reopen following its closure due to the coronavirus pandemic. Formerly the Stapleton air traffic control tower. the 32,000-square-foot restaurant and entertainment venue opened in 2017. Mile High CRE toured

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1.54 Acre Industrial Property Sells for $2.1M

ColoradoScapes, Inc., a landscape company specializing in the landscape maintenance of commercial complexes, including office and industrial buildings, has purchased a 1.54 acre property located at 4040 S Clay Street, Sheridan, for $2.1 million. The sale closed on June 12,2020 with David Marulli and Nick Nickerson of Trevey Commercial representing the buyer. The property features

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El Paso County a Top 10 Fastest Growing Opportunity Zone

For investors looking to make a positive impact in economically distressed communities, Millionacres, a real estate investing educating resource, today released a report on “The Top 10 Fastest Growing Opportunity Zones” in the United States. El Paso County, Colorado made the Top 10 list. Millionacres analyzed 7,681 designated opportunity zones from the U.S. Treasury Department Community’s Development Financial

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