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Rents in Denver Increase 3.1% YoY. Wheat Ridge Prices See Strong Growth

Leave a Comment / Multifamily, Rent /

RENTCafé has released its  February Rent Report for the Denver Metro area. The online rental listing service analyzed apartment prices in 16 cities to see how they changed over the year. Nationwide, the housing market was strong in February, but, amid the COVID-19 pandemic, some changes are likely to appear. “We haven’t seen the impact of the COVID-19 pandemic in official

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Is Now (Finally) the Time for Architects to Phone it in?

Leave a Comment / Architecture, Contributed Article /

By Lauren Dundon, AIA, associate at Semple Brown Telecommuting — depending on who’s reporting — is either the death of collaboration, or the solution to unaffordable real estate. At least those were the two alternatives before our new reality of imminent contagion and social isolation: now the topic is evolving as quickly as the nonstop news

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In-Demand Office Building Sells in Cherry Creek North

Leave a Comment / Brokerage, Office /

A 6,857-square-foot office building located at 180 Adams Street in Cherry Creek North has changed hands. With undeveloped sites few and far between in this submarket, existing office buildings with potential for redevelopment are in high demand. Monica Wiley and Jeff Wood with CBRE Capital Markets represented the seller, Pete Perry and partner of Denver. ID One, LLC,

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Economic Forecast Predicts Possible Recession

Leave a Comment / Reports /

The Office of State Planning and Budgeting released the March economic forecast showing the significant economic impact of COVID-19. While Colorado’s economy has expanded since the December forecast, the rapid spread of the COVID-19 virus poses a significant risk to the state’s economy. Economic activity is expected to slow sharply over the coming months as schools and businesses

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Encore Electric Wins AGC Build America Award for Gaylord of the Rockies

Leave a Comment / Awards, Construction, Development /

Encore Electric has won a 2020 Associated General Contractors (AGC) Construction Risk Partners Build America Award in the category of Specialty Contractor, for their work on the Gaylord of the Rockies Resort in Aurora. This is the first national project award Encore Electric has received from the National Associated General Contractors, and the second national

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Local Brokers Receive Prestigious 2019 CoStar Power Broker Awards

Leave a Comment / Awards, Brokerage /

CoStar Group — the leading global provider of commercial real estate information, analytics and online marketplaces— has announced this year’s Power Broker Award recipients, recognizing the industry’s brokers, power players, and deal makers who closed the highest transaction volume in commercial real estate deals in their respective markets in 2019. For 20 years, the CoStar Power Broker Award

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Diversity in the Workforce: Claim Your Seat and Encourage Others to Claim Theirs

Leave a Comment / Contributed Article, Diversity, Engineering, Feature /

by Sheila Zappanti, PHR, Human Resources Manager, R&R Engineers-Surveyors, Inc. A company’s culture must be clear and deliberate, with one of the most important factors being its diversity culture. Like it or not, everyone has some level of unconscious bias around hiring and promoting staff. It is critical for a company to not make decisions in favor of

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1.65-Acres Adjacent to Broncos Stadium to be Redeveloped

Leave a Comment / Brokerage, Land Sales, Multifamily /

Minneapolis-based The Opus Group has purchased a 1.65-acre land parcel at 19th & Clay in Denver. Newmark Knight Frank (NKF) Multifamily arranged joint venture equity for the development of a future 277-unit luxury apartment development. The vacant lot and parking garage are located adjacent to the Broncos Stadium Redevelopment in the thriving Jefferson Park neighborhood. Executive Managing

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Greeley Apartment Sale Sets Region’s Record for Price per Square Foot

Leave a Comment / Brokerage, Multifamily /

TRR Apartments, a 16-unit apartment community located at 824-828 12th St. in Greeley, has sold for $1,750,000. According to Skyler G. Cooper, regional manager of Marcus & Millichap in Denver, the sale of the asset has set a new record in the region for price per square foot. Matthew Beverly, Boomer Beatty and Peter Standley,

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BREAKING NEWS: Funding Approved for River Mile Redevelopment of Elitch Gardens

Leave a Comment / Brokerage, Development /

Plans for the massive redevelopment of Elitch Gardens Theme and Water Park took a major step forward today as JLL Capital Markets announced it has arranged $124.6 million in refinancing for the park on behalf of the borrower, a partnership of Kroenke Sports and Entertainment (KSE) and Revesco Properties. Loan proceeds will be used to retire existing debt

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