Author name: milehighcre

Stantec Leading Transformational Design of Great Hall Project

In alignment with its 25th anniversary, Denver International Airport (DEN) recently announced that construction has recommenced on the Great Hall Project, with Stantec—a global integrated design firm—serving as lead designer. The work will include a renovation of the airport’s Jeppesen Terminal to create an airport for the future with enhanced safety and security, a more intuitive passenger flow, […]

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Landlords Can Create Inclusive and Profitable Tenancy Options

By Jason Shepherd, co-founder of Atlas Real Estate and REACTIV Commercial Real Estate (CRE) is on the cusp of profound change in vibrant markets like Denver. For too long, the norm has been to fill vacant space with yet another bank branch or chain restaurant rather than offering young creatives and entrepreneurs the opportunity to occupy it for innovative

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Nine Retail Properties Across Front Range Sell for a Combined $32.6M

Matthew Henrichs, Brad Lyons and Parker Brown with CBRE Capital Markets recently completed the individual sales of nine single-tenant, net-lease retail properties across the Front Range for a total of $32.6 million. Over the past nine months, the team has completed 21 single-tenant, net-lease sales totaling more than $84.86 million. According to CBRE’s Q4 2019 U.S. Net-Lease Investment

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Cherry Creek Plaza Fetches $54M

TerraCap Management LLC, a privately held investment firm out of Estero Florida, has acquired Cherry Creek Plaza in Glendale for $54 million. Cherry Creek Plaza is comprised of two thirteen-story office buildings totaling 335,000 square feet of Class A office with structured parking.  The property features numerous amenities, including a newly renovated lobby, fitness center and conference

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Rents in Denver Increase 3.1% YoY. Wheat Ridge Prices See Strong Growth

RENTCafé has released its  February Rent Report for the Denver Metro area. The online rental listing service analyzed apartment prices in 16 cities to see how they changed over the year. Nationwide, the housing market was strong in February, but, amid the COVID-19 pandemic, some changes are likely to appear. “We haven’t seen the impact of the COVID-19 pandemic in official

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Is Now (Finally) the Time for Architects to Phone it in?

By Lauren Dundon, AIA, associate at Semple Brown Telecommuting — depending on who’s reporting — is either the death of collaboration, or the solution to unaffordable real estate. At least those were the two alternatives before our new reality of imminent contagion and social isolation: now the topic is evolving as quickly as the nonstop news

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In-Demand Office Building Sells in Cherry Creek North

A 6,857-square-foot office building located at 180 Adams Street in Cherry Creek North has changed hands. With undeveloped sites few and far between in this submarket, existing office buildings with potential for redevelopment are in high demand. Monica Wiley and Jeff Wood with CBRE Capital Markets represented the seller, Pete Perry and partner of Denver. ID One, LLC,

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Economic Forecast Predicts Possible Recession

The Office of State Planning and Budgeting released the March economic forecast showing the significant economic impact of COVID-19. While Colorado’s economy has expanded since the December forecast, the rapid spread of the COVID-19 virus poses a significant risk to the state’s economy. Economic activity is expected to slow sharply over the coming months as schools and businesses

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Encore Electric Wins AGC Build America Award for Gaylord of the Rockies

Encore Electric has won a 2020 Associated General Contractors (AGC) Construction Risk Partners Build America Award in the category of Specialty Contractor, for their work on the Gaylord of the Rockies Resort in Aurora. This is the first national project award Encore Electric has received from the National Associated General Contractors, and the second national

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Local Brokers Receive Prestigious 2019 CoStar Power Broker Awards

CoStar Group — the leading global provider of commercial real estate information, analytics and online marketplaces— has announced this year’s Power Broker Award recipients, recognizing the industry’s brokers, power players, and deal makers who closed the highest transaction volume in commercial real estate deals in their respective markets in 2019. For 20 years, the CoStar Power Broker Award

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