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City Council Approves $195M Great Hall Contract with Hensel Phelps

Leave a Comment / Architecture, Construction, Development /

Last night, the Denver City Council approved a new contract for the DIA Great Hall Renovation Project. The council approved a contract with Hensel Phelps Construction Company for $195 million through 12-31-21 to provide construction management and general contracting. Phase I of the Great Hall Project is scheduled to begin again in March. In July 2018,

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Progressive Insurance Joins The Offices at Victory Ridge

Leave a Comment / Brokerage, Office /

Progressive Casualty Insurance Company has signed a lease for 18,089 square feet of office space at The Offices at Victory Ridge, the first Class A speculative office development in Colorado Springs in over a decade. Brad T. Bird with CBRE’s Colorado Springs office and John Marold with CBRE’s Denver office represented the landlord, Mission Hill Capital. “Securing a

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The Maven Hotel

5 Colorado Hotels Newly Designated with AAA’s Four Diamond Award

Leave a Comment / Awards, Hospitality /

Today, AAA Colorado announced that 47 hotels and 19 restaurants in Colorado have been awarded AAA’s Four or Five Diamond Designation — two of the most coveted, well-known, and respected distinctions in hospitality. While four hotels maintained their position in the Five Diamond program, five Colorado properties joined the ranks for the first time. “There are a

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Construction of Observatory Row Townhomes Nears Completion

Leave a Comment / Construction, Development /

As Observatory Row, the new row homes in Denver’s Observatory Park neighborhood, continues to welcome new residents, construction of the development’s fifth and final building will be complete in May. Some of the construction work that is currently wrapping-up includes framing and window installation and the rough-in of mechanical, electrical and plumbing. The general contractor

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NexGen Properties Acquires Rare Value-Add Industrial Building in Littleton

Leave a Comment / Brokerage, Industrial /

Greenwood Village-based NexGen Properties, LLC has acquired Shaffer Tech Center, a 100,550-square-foot industrial building  located at 7910 Shaffer Parkway in Littleton, for $7.8 million. Shaffer Tech Center was built in 2002 and served as the home of Apria Healthcare for 15 years. The building features a 24’ clear height, 13 dock-high doors with 4 levelers, 1 drive-in door, an

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Over 50 A/E/C Firms Attend HCC Women in Leadership Event

Leave a Comment / Construction, Events /

The Hispanic Contractors of Colorado (HCC) – a 501(c)(6) non-profit corporation focused on supporting small and diverse architect, engineering and construction (A/E/C) firms – kicked off their Women in Leadership committee with a breakfast at the Cherry Creek Innovation Campus (CCIC) on January 20. With more than 50 A/E/C firms in attendance and nearly 100 attendees, the need

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Cherry Creek and Boulder Among Most Expensive U.S. Office Submarkets

Leave a Comment / Office, Reports /

According to a study conducted by CommercialCafé, both Cherry Creek and Boulder made the Top 100 list of the most expensive office submarkets in the nation. Here are a few key takeaways from the study: Denver’s Cherry Creek is the most expensive submarket in Colorado, and the 31st in the U.S. Office space here comes

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In-Migration and Retail Sales Boosting Self-Storage

Leave a Comment / Development, Reports, Retail /

Marcus and Millichap’s Self-Storage Investment Forecast report details how demand for self-storage will be bolstered by elevated net in-migration and above-average retail sales growth in 2020. In-migration to Denver has remained high since a cycle-high 40,500 residents moved in during 2015. An additional 22,260 people will move in during 2020. The prominent outdoors culture in the region will

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Amazon to Build Huge Distribution Center at Colorado Springs Airport

Leave a Comment / Development, Industrial /

According to the Gazette, Amazon will build a 4-million-square-foot distribution center at the Colorado Springs Airport business park. Amazon reportedly paid $6.33 million to Colorado Springs for 69.2 acres at the airports Peak Innovation Park. Plans filed with the city by developer Trammell Crow call for five stories of office, warehouse and distribution space. Peak Innovation

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