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Local Nonprofit Improves Building Efficiency in Weld County

Leave a Comment / Affordable Housing, Development, Energy, Multifamily /

By Emma Laub, marketing coordinator. ICAST In July of 2018, ICAST (the International Center for Appropriate and Sustainable Technology), a local 501(c)(3) nonprofit, was awarded a grant from the Colorado Department of Public Health and Environment (CDPHE) to reduce carbon emissions in Weld County, Colorado. ICAST provides clean energy solutions to multifamily affordable housing (MFAH) that can reduce

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Aspen’s Largest Apartment Complex Trades Hands

Leave a Comment / Brokerage, Multifamily /

Centennial Aspen Apartments, a 149-unit, three-story multifamily property in Aspen, has sold for $50.5 million, or $338,926 per unit. Greg Price, senior vice president investments and Jason Hornik, senior associate with Marcus & Millichap represented the local seller, and procured the buyer, Indiana-based Birge & Held. “Centennial Aspen is the city of Aspen’s largest multifamily property and

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AMLI to Add 300+ Units to Denver’s Broadway Park

Leave a Comment / Brokerage, Multifamily, Office, Transit /

D4 Urban, a Denver-based creative mixed-use development company, has sold its 2.68-acre land parcel on South Broadway in Denver. The site is located in the heart of Broadway Park – a mixed-use infill redevelopment totaling 75 acres and entitled for up to 10 million square feet of future development. Newmark Knight Frank Executive Managing Director Chris Cowan and

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Multifamily Construction Experiencing Delays, says Survey

Leave a Comment / Construction, Development, Multifamily, Reports /

The National Multifamily Housing Council (NMHC) has released a new survey on multifamily construction that found more than half (55 percent) of nationwide respondents said that they are currently experiencing construction delays in the jurisdictions where they operate. The survey, conducted between March 27 to April 1, is the first of a series intended to gauge the

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VF Corp. Donates $2M to COVID-19 Relief Efforts

Leave a Comment / Charity, Retail /

VF Corporation, one of the world’s largest apparel, footwear and accessories companies with a signifiant presence in Denver, will contribute an initial $1.5 million to support local communities around the world as they respond to the COVID-19 pandemic. In addition, VF Corp. is also initiating a two-for-one community match campaign, up to an additional $500,000.

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Rent Relief for Retail Tenants During COVID-19: A Checklist for Landlords

Leave a Comment / Contributed Article, Rent, Retail /

By Ashley Wingfield, shareholder, and Blake Hansen, associate at Brownstein Hyatt Farber Schreck, Denver As the coronavirus (COVID-19) pandemic unfolds, retail locations globally are facing closures, business slowdowns and economic uncertainty. Accordingly, retail tenants and landlords are having difficult conversations regarding the possibility of rent relief. When approaching these discussions, landlords should keep the following considerations in mind:

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Movers and Shakers Week Ending 04.03.20

Leave a Comment / Movers and Shakers /

Hensel Phelps Announces Two Promotions   Hensel Phelps has promoted two employees; Derek Hoffman to director of operations in the Plains District, serving the Mountain states, and David Rosser to general superintendent in Denver. In his new role, Hoffman will be involved in procurement, marketing, recruiting, estimating, safety, and operations. During his 18-year career with

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Denver Rents Decelerate in March, First Time Since 2016

Leave a Comment / Rent, Reports /

According to Yardi Matrix, under normal circumstances, interest for apartments is high during March, with rental prices expected to increase. This is the first time since 2016 that we see a deceleration from February to March, as the national average rent in March went up by 2.9 percent Y-o-Y, a hard drop compared to February’s

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Affordable Housing Project to Break Ground in Westminster

Leave a Comment / Affordable Housing, Construction, Development, Senior Housing /

Dominium, one of the nation’s largest affordable housing development and management companies, recently closed on the property they have named Heritage at Church Ranch. The property is located at the corner of Church Ranch Road and Wadsworth Boulevard in Westminster. The $62 million development will provide 205 units of high quality affordable senior housing and will expand Dominium’s portfolio

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Broomfield Implements Affordable Housing Ordinance

Leave a Comment / Affordable Housing, Development /

According to the Denver Post, the Broomfield City Council voted 8-1 in March in favor of an affordable housing ordinance that will require developers of residential units to make a cash in-lieu payment, a land-in-lieu contribution or to include affordable units in their projects. Rental development contributions are required to equal 20 percent of units, while

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