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Colorado Congressman Introduces Opportunity Zone Extension Act

Leave a Comment / Development, Investment /

Colorado Congressman Scott Tipton (CO-03) — representing the 3rd Congressional District (Grand Junction, Durango, Alamosa and Pueblo) —has joined several House colleagues in introducing “The Opportunity Zone Extension Act,” a bill that would extend the opportunity zone provisions that were part of the Tax Cuts and Jobs Act. The Opportunity Zones program designates economically-distressed communities and

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Register for Denver Business Development Guild’s Virtual Event

Leave a Comment / Development, Events /

The Denver Chapter of the Business Development Guild (BD Guild), an organization dedicated to building the bridge between business development and operations for companies serving the natural and built environments, is hosting a virtual meeting Thursday, April 16 at 3.30 p.m., titled Integrating your Business Development Plan with your Strategic Plan. Plans don’t work if you

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Market for Smart Water Management Systems Projected to Increase 23% by 2029

Leave a Comment / Reports, Sustainability /

An estimated 68 percent of the world’s population is expected to be living in an urban area by 2050, according to the United Nations (UN) World Urbanization Prospects 2018 report. To accommodate this influx in population, cities must ensure resources are available. Water is one of the resources most essential to the health and growth

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NexCore Leads Nation for Outpatient Medical Projects Completed

Leave a Comment / Development, Healthcare /

Denver-based NexCore Group, a national healthcare real estate developer, completed construction of more outpatient medical space than any other developer in 2019. The Outpatient HRE Development Report, compiled by Arnold, Md.-based Revista, ranks the top-rated outpatient medical facility developers from the previous year. The 2020 survey measured medical office and other outpatient developments that were started or completed in

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Solar: Reducing OpEx and Increasing NOI During Uncertain Economic Times 

Leave a Comment / Contributed Article, Development, Energy, Feature /

By John Shaw, commercial solar project developer at Namasté Solar. Namasté Solar is one of the longest-running solar companies in Colorado, with over 8,000 local homeowners, businesses, and commercial property owners as our customers. We recognize that our community is facing uncertainty and stress as a result of the coronavirus crisis. It’s a strange time not only to do

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Mortenson Settles Colorado Convention Center Bid-Rigging Dispute

Leave a Comment / Construction /

According to the Denver Post, Mortenson has agreed to a $1.3 million settlement that will include payment of a $650,000 fine, for its part in a bid-rigging scandal for a planned $233 million expansion at the Denver Convention Center. The construction company will also provide all construction services, free of charge, to a COVID-19 related project. On Monday the

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Investor Takes Advantage of Low Rates, Acquires Centennial Office Building

Leave a Comment / Brokerage, Office, Transit /

Arapahoe Plaza East II, located at 7955 East Arapahoe Court in Centennial, has sold for $3,525,000. The 29,140-square-foot multi-tenant office building was 96 percent occupied at the time of sale with a diverse tenancy of professional office tenants who were attracted to the building’s ideal location and recent improvements to the interior suites and common areas. Built in

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Elsy Studios Designs YES Communities Headquarters in DTC

Leave a Comment / Design, Development, Office /

Elsy Studios, a Denver-based full-service commercial interior design firm recently completed the design of YES Communities’ new Denver headquarters in the Denver Tech Center. The growing company’s new digs will be home to its 130 Colorado-based employees. The 35,000-square-foot office space sits on the top floor of the newly built 5050 S. Syracuse building in the Denver Tech

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Mixed-use Campus in Littleton Sells for $2.8M

Leave a Comment / Brokerage, Office /

A 22,000-square-foot commercial mixed-use campus in Ken Caryl has sold for $2,790,000 ($126.82/SF). The four-building campus, located in Littleton, came equipped with six tenants, and room for the buyer to occupy the remaining space as an owner/user. Corey Sandberg, advisor with Pinnacle Real Estate Advisors, LLC represented the seller in the transaction. “The seller completed development

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Joint Venture Acquires Multifamily Portfolio

Leave a Comment / Multifamily /

A newly formed REIT joint venture — which includes property management company Simpson Housing, headquartered in Denver, Atlanta-based Domain Capital Advisors, and PFA Pension of Copenhagen, Denmark — has acquired a 49 percent equity interest in a 13-asset, Class A multifamily portfolio for an aggregate value of $1.05 billion. The multifamily portfolio, which was owned by

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