milehighcre, Author at Mile High CRE

Boulder Apartment Community Receives $22.4M Loan

Leave a Comment / Brokerage, Multifamily / milehighcre

Copper Ridge Apartment Homes, a 129-unit, garden-style community located in Louisville, has received $22.4 million in refinancing. Newmark Knight Frank (NKF) arranged the Freddie Mac, 10-year, fixed-rate refinancing. Though the refinance application was submitted in December, the borrower decided to postpone the closing date to April 1, 2020, at which time there would be no pre-payment penalty on the existing debt. […]

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Cushman & Wakefield Releases How-to Guide for Reopening Workplaces

Leave a Comment / Brokerage, Health / milehighcre

Cushman & Wakefield is leading the development of best practices, products and partnerships to prepare clients for post-COVID-19 recovery and the eventual return to the workplace. The brokerage firm recently released Recovery Readiness: A How-to Guide for Reopening your Workplace, a comprehensive guide for real estate tenants and landlords on reopening workplaces as stay-at-home restrictions are lifted.

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U.S. National Construction Costs Continue to Rise

Leave a Comment / Construction, Development, Reports / milehighcre

According to the Rider Levett Bucknall Quarterly Construction Cost Report, national average construction costs increased approximately 4.94 percent between January 2019 and January 2020. In Denver, construction costs increased 4.07 percent, just below the national average. Chicago, Honolulu, New York, Portland, San Francisco, and Seattle experienced the greatest annual increases, showing escalation above the national average.

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The Benefits of Denver’s Urban Forest Initiative

Leave a Comment / Design, Feature, Landscaping, Sustainability / milehighcre

By Chris Geddes, associate at Design Workshop. With Earth Day upon us, Wednesday, April 22 – it’s a good time to share how the Downtown Denver Partnership (DDP), the City of Denver, and community leaders are working to be more sustainable and earth friendly. As landscape architects, Earth Day is every day in our field. We work tirelessly

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Black Creek Group Expands Presence in Denver Industrial Market

Leave a Comment / Brokerage, Development, Industrial, Investment / milehighcre

Black Creek Group, a Denver-based real estate investment management firm with a more than 25-year history, recently purchased a 151,000-square-foot Class B industrial building at 5000 Lima St. in Denver. The property is currently 100 percent leased to courier service provider Express Messenger Systems. EXDO Properties – which oversees the management of commercial and residential property throughout

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Industrial Flex Building Breaks Ground at CTC

Leave a Comment / Construction, Development, Industrial / milehighcre

The appetite for industrial/flex real estate along the Northwest Corridor remains strong. Etkin Johnson Real Estate Partners recently broke ground on a new 146,320-square-foot industrial/flex building located in the Louisville Corporate Campus at the Colorado Technology Center (CTC). Slated for completion in Q1 2021, the building will provide an innovative, flexible and sustainable workplace in Denver’s busy Northwest

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Multifamily Remains Strong Investment

Leave a Comment / Multifamily, Rent, Reports / milehighcre

A Marcus & Millichap special report suggests that multifamily remains a solid commercial real estate investment through periods of uncertainty. The $2.2 trillion stimulus bill has provided a safety net for the short term while the population works together to slow the spread. While multifamily owners are concerned with the financial impact that will come of this, several factors

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SMPS Accepting Board Nominations

Leave a Comment / Marketing / milehighcre

The Colorado Chapter of the Society for Marketing Professional Services (SMPS) is now accepting nominations for four positions on the Board of Directors, with terms beginning on September 1, 2020: President-Elect will serve as President in his/her absence, and will preside at meetings of the Chapter, the Board of Directors, and the Executive Committee. Treasurer

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Parasoleil CEO Receives Prestigious WELL Credential

Leave a Comment / Architecture, Health / milehighcre

Uriah Bueller, CEO of Colorado-based architectural panel maker Parasoleil, has earned the WELL Accredited Professional credential through the International Building Institute. The WELL AP credential is the newest industry certification, which can be earned by individuals demonstrating advanced knowledge of health and well-being in the built environment and specialization in the WELL Building Standard (WELL). WELL

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Congress Park Apartments Sell for $18.9M

Leave a Comment / Brokerage, Multifamily / milehighcre

Private local investor Elterra Investments has purchased Garfield Park, a 78-unit multifamily property located at 1300 and 1325 Garfield Street in Denver’s Congress Park neighborhood for $18,875,000. First Vice President Robert Bratley with CBRE’s Denver office represented Elterra Investments, who acquired the property in a sale that closed April 14. The name of the seller was not disclosed.

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Author name: milehighcre