Author name: milehighcre

Black Creek Group Purchase Two Industrial Facilities

Denver-based Black Creek Group recently purchased two industrial properties out of state, one in Texas and the other in Indiana. JLL marketed both properties on behalf of their sellers. Valwood Crossroads, a brand new, Class A, state-of-the-art, fully leased, two-building industrial park totaling 618,052 square feet in the Dallas-Fort Worth community of Carrollton, Texas. The seller was

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Assisted Living/Affordable Housing Project Planned for Arapahoe Square

On March 5, 2020, Christopher Carvell Architects submitted a Site Design and Massing Submittal on behalf of developer, Colorado Coalition for the Homeless, for a nine-story residential development located at 2175 California in downtown Denver’s Arapahoe Square, a site that is currently a surface parking lot. The building will accommodate the Stout Street Recuperative Care Facility, a 75 bed

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Distribution Building at I-70 and Peña Sells for $7.1M

A 75,000-square-foot distribution building located at 15800 East 40th Avenue in Aurora has sold for $7,125,000. Todd Witty and Doug Viseur with CBRE’s Denver office represented the seller, Serta Simmons Bedding. Dalfen Industrial from Dallas, Texas, purchased the property in a transaction that closed April 30. Serta Simmons has consolidated into a facility a few miles away. CBRE

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13-Unit Apartment Building Breaks Ground in Capitol Hill

DIRC Homes, a boutique builder focusing on urban infill and transit-oriented developments in Colorado — in partnership with Denver-based KRMN Investments, LLC, and Pivotal Architecture PC — broke ground this week on Capitol Hill’s newest multifamily project, Mullen Flats. “We are excited to work with new partners in the market for our first apartment project,”

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Snowmass Base Village Development Team Selects Listing Brokerage Firm

East West Partners (EWP), Aspen Skiing Company (ASC) and KSL Capital Partners (KSL, joint venture owners of the $600 million Snowmass Base Village development, have selected Slifer Smith & Frampton Real Estate (SSF), as the official listing broker for the development — the largest mountain-resort development underway in North America. “We’re thrilled to have SSF join

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Movers and Shakers Week Ending 05.22.20

Cuningham Group Architecture Hires Key Personnel in Denver  Cuningham Group, an award-winning architecture firm is growing its Denver office and has hired Ben Wilking, AIA, as senior project manager to help lead the firm’s K-12 Studio. Wilking brings more than 20 years of experience in architecture, design-build, construction, owner representation, cost estimation, and facility master planning

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The Citadel Building in Cherry Creek Sells for $44M

LA-based CRE investment firm Commonwealth Avenue Capital Partners, LLC (CAC Partners) has acquired The Citadel at Cherry Creek, a 131,000-square-foot, 7-story Class A office property, for $44 million. The building, previously owned by Denver-based Amstar, was fully leased at the time of sale, with anchor tenant New York Life Insurance Company occupying more than 20,000 square feet of

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Centrally Located Denver Industrial Facility Fills Remaining Vacancies

A 112,509-square-foot industrial facility, located in an enterprise zone within unincorporated Adams County at 500 W. 53rd Place, has signed two new tenants. Threewit-Cooper Cement Co., a Denver-based masonry building product supplier, leased 25,208 square feet and Hajoca Corporation, the nation’s largest privately held wholesale distributor of plumbing, heating, cooling and industrial supplies, leased 39,202 square feet.

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Pandemic-Induced Recession Likely to be Short, says ULI Economic Forecast

The Urban Land Institute’s latest Real Estate Economic Forecast shows that, while the COVID-19 crisis has sent shockwaves throughout the world, U.S. real estate economists are predicting some light at the end of the tunnel, with a short-lived recession and above average GDP growth in 2021 and 2022. The report’s conclusions are based on a May 2020

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