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New Denver Mixed-Use Community Earns Pair of Awards for Excellence

Leave a Comment / Awards, Multifamily /

In Denver’s highly competitive rental real estate market, resident satisfaction is essential for the current wave of new developments. Parq on Speer, a 16-story apartment and retail community near downtown Denver, has achieved early success, garnering two awards for resident satisfaction and customer service. J Turner Research named Parq on Speer to the 2019 Elite 1% ORA

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DMCAR Pays Tribute to “Heavy Hitters” in Commercial Real Estate

Leave a Comment / Awards, Brokerage, Events, Industrial, Multifamily, Office, Retail /

The Denver Metropolitan Commercial Association of REALTORS® (DMCAR) honored its top commercial real estate producers of 2019 in land, industrial, multi-family, office, investment, retail, and small office broker categories at the association’s annual Heavy Hitters Awards. In addition, DMCAR recognized its Young Broker of Denver, Top Landlord companies in the office, retail and industrial categories

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Construction Job Openings Declined in 2019 but Remain Historically High

Leave a Comment / Construction, Reports /

Accounting and advisory services firm Marcum LLP, today released its annual analysis of construction employment data from the U.S. Bureau of Labor Statistics’ Job Openings and Turnover Survey (JOLTS). The analysis is produced by Marcum’s national Construction Industry Group to uncover changes and identify emerging trends in construction hiring and jobs availability. The 2019 Marcum Commercial JOLTS

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USAFA Cadet Chapel to Undergo Extensive Four-Year Renovation

Leave a Comment / Construction, Development, Renovation /

A $158 million renovation of the famous United States Air Force Academy (USAFA) Cadet Chapel in Colorado Springs is currently underway, led by general contractor JE Dunn Construction. Decades of leaks have severely damaged the interior of the chapel. The renovation is extensive, requiring the structure to be closed to the public until fall 2023.

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Dance-Cardio Fitness Studio Opening at LOT Twenty-Eight

Leave a Comment / Development, Retail /

LOT Twenty-Eight, an adaptive reuse project at the intersection of 28th and Blake Street in RiNo — which opened last summer — will welcome a new tenant at the end of March. AKT, the revolutionary dance-cardio fitness concept, will occupy a 2,009-square-foot space. AKT (Anna Kaiser Technique), a marriage of dance and functional training, will join

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Seven-Hotel Portfolio, Including Hotel Monaco Denver, Sells for $483M

Leave a Comment / Hospitality, Investment /

Xenia Hotels & Resorts, Inc. has executed an agreement to sell a seven-hotel portfolio with a total of 1,124 guest rooms for $483 million. The portfolio consists of seven Kimpton-managed hotels, including Hotel Monaco Denver, Canary Hotel Santa Barbara, Hotel Monaco Chicago, Hotel Monaco Salt Lake City, Hotel Palomar Philadelphia, Lorien Hotel & Spa in Alexandria, Virginia, and

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Light-Rail Expansion Highlights Office and Investor Demand in Denver

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

Denver’s office market is remarkably resilient and healthy, according to Marcus and Millichap’s 2020 Office Investment Forecast. Developers have remained disciplined when considering new projects over the past few years. Even speculative office space is largely focused in the major office districts of LoDo, the CBD and near the Denver Technology Center. FasTracks, the nation’s

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Apartment Property in the Highlands Sells for $7.5M

Leave a Comment / Brokerage, Multifamily /

A 37-unit multifamily property, located at 2860 W 32nd Ave in the heart of Denver’s Highlands neighborhood, has sold for $7.5 million. Austin Smith of Nexus Commercial Realty, LLC, represented the seller, Shinji Wakura, and Brandon Kaufman & Nik MacCarter of Nexus represented the buyer, JDSM 2860 W 32nd Ave LLC. The Flats on 32nd is

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Kappa Tower II Breaks Ground

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

Alliance Construction Solutions held a ceremonial groundbreaking on Friday, Feb. 28, to commemorate the start of the long-awaited Kappa Tower II project. Located east of Park Hill in the Northfield neighborhood of Denver, Kappa Tower II will provide 70 units of affordable housing for seniors. The project is being led by the Denver Alumni Chapter of Kappa Alpha Psi (DBA Kappa Housing).

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