Author name: milehighcre

80% of Apartment Households Paid Rent in May

Despite the staggeringly high unemployment rates across the country, the National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.2 percent of apartment households made a full or partial rent payment by May 6 in its survey of 11.4 million units. This is a 1.5-percentage point decrease in the share who paid rent through May

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Boulder Shopping Center Garners Significant Lender Interest

JLL Capital Markets has arranged a $26.7 million refinancing for Alcove on Arapahoe, a 159,050-square-foot shopping center in Boulder. Alcove on Arapahoe is anchored by premier retailers including Safeway, HomeGoods, Verizon Wireless and Flower Child. The property was built in 1957 and most recently renovated in 2019. The center is in the heart of Boulder’s

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Arvada Net Zero Community to Add Condo Rental Units

Fourth Wave Energy, Inc. (FWE), a San Jose-based climate solutions technology company, has entered into an agreement whereby it has the option to acquire and help develop 19 acres of residential land for GEOS Neighborhood, an innovative mixed-use, net zero energy development in Arvada. Fourth Wave plans for the construction of net zero carbon energy independent

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JAG Logistics Center Signs First Two Tenants

JAG Logistics Center @ DEN, a prominent 250-acre industrial park located immediately south of Denver International Airport (DEN) has signed its first two tenants, only eighteen months after the development’s conception and more than two months prior to the completion of its first building. While the economic impact of COVID-19 continues, Aurora’s core industries remain strong

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Workforce Housing Project in Eagle County Receives Funding                    

Spring Creek Village, an affordable housing project in Gypsum, Colorado, has received funding for the next phase of development, a series of apartments primarily developed by Gerry Flynn of Polar Star Properties. Sharing Connexion Inc, a Denver-based nonprofit, provided a $1.75 million bridge loan under their Real Estate Impact Investments program, which provides financing support to

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Northglenn Apartment Homes Sell for $83M

Stone Mountain Apartment Homes, a 320-unit, 15-building multifamily property located at 11625 Community Center Drive in Northglenn, has sold for $83 million, according to CBRE. The property is located directly adjacent the City of Northglenn’s Civic Center redevelopment site, in which the city is investing $53 million. Dan Woodward, David Potarf and Matt Barnett with CBRE Capital Markets

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OZ Architecture

OZ Architecture Shares Insight on the Future of Senior Living Design

OZ Architecture, an award-winning national architecture and design firm, today released the “Designing for Emergency Preparedness Insight Report,”which outlines design considerations that can help reduce the spread of disease and infection in older adult communities. In recent years, many older adult communities have shifted away from the healthcare-oriented design of skilled nursing and hospitals in

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Curtis Fentress

Fentress Architects Founder Receives Honorary Doctorate

Curtis Fentress, founder and principal in Charge of Design for Fentress Architects, was conferred with an honorary Doctor of Fine Arts from North Carolina State University on December 18, 2019, at the fall commencement ceremony. Honorary degrees represent NC State’s highest recognition of outstanding and distinguished contributions to scholarship, creativity, leadership, and humanitarian or public

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HopeKids Colorado Chapter

Saunders Construction Announces Its New Nonprofit Partner

Saunders Construction, Inc. announces HopeKids Colorado Chapter as its 2020-2021 Building Confidence in Kids (BCiK) program partner. This two-year partnership will include fundraising and volunteer opportunities for Saunders employees to support the non-profit’s mission of providing ongoing events and activities for families who have a child with a life-threatening medical condition. “We loved the fact

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Lakehouse

Lakehouse Earns WELL Precertification at the Gold Level

NAVA Real Estate Development (NAVA), a Colorado-based development and investment company focused on projects that create economic and social value, today announced Lakehouse has become the first multifamily project in Colorado to earn WELL Precertification under the WELL Building Standard™. The WELL Building Standard is an internationally-recognized performance-based program that integrates human health and wellness

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