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Force Majeure Provisions in the Age of COVID-19

Leave a Comment / Contributed Article, Development /

By Patrick Compton, partner at Ballard Spahr Whether you are dealing with a real estate purchase and sale agreement, a construction contract, or a commercial lease, chances are your legal documents contain some form of “force majeure” provision. Translated from the French, meaning “superior force,” these provisions relieve or modify contractual obligations when circumstances beyond the control

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McWhinney Donates 150 Denver Milk Market Lunches to Lakewood Hospital

Leave a Comment / Charity /

McWhinney, a Colorado-based real estate investor and developer with expertise in commercial, multifamily, hospitality, residential and mixed-use assets, is partnering with Lunches for Clinicians to donate 150 lunches to frontline workers at St. Anthony Hospital in Lakewood. The lunches will be created by Denver Milk Market, the 16-concept food hall led by Chef Frank Bonanno,

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Denver Office Availability to Increase in 2020

Leave a Comment / Office, Rent, Reports /

By the end of March, the rapidly evolving COVID-19 pandemic had slowed or halted nearly all Denver businesses. Several sectors with a notable corporate presence in Denver, including retail, transportation, and leisure, have suffered significantly to date.  As the forecast of a recession in the U.S. appears increasingly likely, Denver’s market dynamics have the potential to be dramatically altered.

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Movers and Shakers Week Ending 04.24.20

Leave a Comment / Movers and Shakers /

Howell Construction Welcomes John Walsh, Project Manager Howell Construction welcomes John Walsh as project manager. John came to Howell from San Diego and brings seven years of hospitality, education, industrial, and general commercial industry experience, including work for Hunter Industries, Hilton, Marriott, and San Marcos School District. John graduated from the University of Denver in 2014 with a business

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Local Construction: A Pandemic Perspective

Leave a Comment / Construction, Contributed Article /

By Peter Knowles While official government responses to the coronavirus have ranged from draconian to dismissive (at the state level, Colorado has classified construction as essential, but some counties have imposed restrictions on building activity), the crisis has hit the building industry with indiscriminate force. In this time of uncertainty, there are ways that area owners can mitigate

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Willdan Selected for $21M in Colorado School Contracts

Leave a Comment / Construction, Design, Development, Education, Engineering /

Willdan Group, Inc., a nationwide provider of professional technical and consulting services to utilities, government agencies, and private industry, will provide design-build services for — Trinidad District No. 1 and Granada School District Re-2 — two Colorado public school projects. The two schools will have respective budgets of $15.5 million and $5.7 million. The projects

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GTC Gears Up for Four New Healthcare Projects

Leave a Comment / Construction, Development, Healthcare /

Golden Triangle Construction (GTC), a full-service, commercial general contractor that has successfully completed a wide variety of projects along the Colorado Front Range for over 40 years, is currently working on healthcare projects in Westminster, Littleton, Greeley, and Fort Collins. The projects are a new MOB core and shell, a conversion of an existing office building into an

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Boulder Apartment Community Receives $22.4M Loan

Leave a Comment / Brokerage, Multifamily /

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 /

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 /

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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