Author name: milehighcre

‘Empowered Women, Empower Women,’ says Denver Law Firm

By Nicole Ament, shareholder at Brownstein Hyatt Farber Schreck When addressing the gender leadership gap, there is wisdom in the phrase, “it takes a village.” I’ve held a variety of leadership roles during my 20 years as an attorney at Brownstein Hyatt Farber Schreck. Currently I chair Brownstein’s nationally recognized Real Estate Department and also co-chair the firm’s Women’s

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Global Revenue for Commercial Building Automation Solutions is Anticipated to Exceed $44B by 2029

A new report from Navigant Research states that global revenue for commercial building automation solution (BAS) products is anticipated to reach more than $44.2 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.2 percent between 2020 and 2029. The commercial BAS market is undergoing large structural change. Although BASs are seeing increased

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Aimco Provides an Update on COVID-19 and 2020 Guidance

Denver-based Apartment Investment and Management Company (“Aimco”) — one of the country’s largest owners and operators of apartments, with 124 communities in 17 states and the District of Columbia — today issued the following statement regarding the on-going COVID-19 pandemic: “Aimco’s first priority is the health and safety of our residents and teammates,” said Terry Considine, Aimco chairman

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Joint Venture Receives Financing for S’PARK Railyards in Boulder

A joint venture between The John Buck Company, Kinship Capital and Element Properties, has secured $29.4 million in construction financing for S’PARK Railyards (Railyards), a 69,263-square-foot Class A office building in Boulder. JLL worked on behalf of a joint venture to secure the five-year, floating-rate construction loan through Wintrust Financial Corporation. Railyards is the fourth

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Fully-Leased Industrial Property in Englewood Sells for $10M

Colorado company Gordon Development LLC has sold its 63,550-square-foot industrial property located at 8644 South Peoria in Englewood, for $10 million. 8644 South Peoria is a Class A, multi-tenant industrial building built in 2017 and 100 percent leased to two companies: a manufacturing tenant and Ninja Nation, a leading provider of obstacle course arenas and mobile course experiences serving America’s

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Shift Workspaces Offers Members Rent Relief in April

For all that’s changed since COVID-19 began dominating the headlines weeks ago, one thing hasn’t. Monthly rent payments. That is, until now. For Grant Barnhill, founder and CEO of Shift Workspaces, a Colorado coworking firm built on the values of mutuality, care, and social responsibility, the decision to waive April fees for his 500 members was simple. “Making

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Addressing Female Diversity in Real Estate: Is it a Pipeline Problem?

By Becky Zimmermann, president of Design Workshop March celebrates Women’s History Month which gives us a great opportunity to recognize and reflect on the efforts that have been made over the years to help women open doors and claim a seat at the table. It’s also a time to see what we need to work on as

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Apartment Sale in Lakewood Demonstrates Trend in Region’s CAP Rates

Rosalie at Belmar, a 40-unit apartment community in Lakewood, has sold for $7 million. According to Marcus & Millichap’s Denver office, steady rent growth in Denver’s submarkets has piqued the interest of investors. Boomer Beatty and Peter Standley, both senior associates in Marcus & Millichap’s Denver office, had the exclusive listing to market the property

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Colorado Springs Apartment Community Sells for $22M

PLC Apartments of Newport Beach, Calif., has made their first Colorado apartment acquisition. PLC purchased The Centre Apartments, a 168-unit apartment community in central Colorado Springs, for $21,900,000 ($130,357/unit). The seller, Skyline Real Estate Investments, a local partnership, was represented in the sale by Bill Morkes and Craig Stack of Colliers International. Built in 1952, The Centre

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