milehighcre, Author at Mile High CRE

Denver to Host First Community Meeting for Triangle at National Western Center

Leave a Comment / Construction, Design, Development / milehighcre

To support the development of future iterations of the RFP for the Triangle Project at the National Western Center (NWC), the City and County of Denver’s Performance Based Infrastructure Office (PBI) is launching the first in a series of community meetings on January 25, 2020 from 9:30 to 11 a.m. at the Swansea Recreation Center. The draft RFP

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Canvas Credit Union Opens New Branch in Writer Square

Leave a Comment / Renovation / milehighcre

Canvas Credit Union has a new, innovative branch in downtown Denver’s Writer Square, located at 16th and Larimer. The new branch transformation includes the removal of traditional teller walls, and the development of a “shoulder-to-shoulder” service model that takes typical transactions to some comfy chairs or standing pods, making the member experience feel more like you’re

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Site within a Denver Opportunity Zone Sells to Affordable Housing Developer

Leave a Comment / Affordable Housing, Brokerage, Development / milehighcre

Denver-based non-profit Brothers Redevelopment Inc. has purchased a 0.25 acre parcel of land at 4401 Josephine St, located in Denver’s Elyria-Swansea neighborhood, for $720,000. Brothers plans to develop affordable housing in the rapidly redeveloping neighborhood. 4401 Josephine St is a parcel of land zoned U-RH-3A within an opportunity zone. The property is located just minutes from RiNo,

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Office Campus in Colorado Springs Sells for $6.6M

Leave a Comment / Brokerage, Office / milehighcre

Woodmen Office Campus II, a 77,608-square-foot office building located at 7450 Campus Drive in Colorado Springs, has sold for $6,615,000. James Brady, Campbell Davis and Patrick Devereaux with CBRE’s Denver office, along with Nicola Myers-Murty of CBRE’s Colorado Springs office, represented the seller, an institutional investor out of Dallas, Texas. The American Way Group, LLC, from Saint Charles, Mo.,

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DIA Site Selected for Rocky Mountain Real Estate Challenge

Leave a Comment / Development, Education / milehighcre

NAIOP Colorado and Land Title Guarantee Company, have selected a Denver International Airport site located at 61st Ave. and Peña Blvd for the 18th Annual Rocky Mountain Real Estate Challenge. ‘The Challenge’ is the premier real estate competition that pairs graduate-level students from the University of Colorado and the University of Denver and industry leaders in the Colorado

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Average Rent in Denver Jumped $36 in December, says Report

1 Comment / Rent, Reports / milehighcre

The average rent in Colorado reached $1,519 in December, increasing 2.9 percent, according to data provided by Yardi Matrix. Out of the 22 cities analyzed, rent prices declined in only two markets, by 0.2 percent. Nationally, apartments were renting for $1,474 on average at the end of 2019, after the slowest annual rise in the past 17 months (3

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NKF Closes Fifth-Largest Multifamily Portfolio Sale in U.S. History

Leave a Comment / Brokerage, Multifamily / milehighcre

Aragon Holdings, LLC’s national portfolio of apartment properties has sold to Harbor Group International (HGI), a global real estate investment and management firm, for $1.85 billion. The transaction is the largest multifamily sale since 2016 and the fifth largest ever recorded in the U.S. Newmark Knight Frank (NKF) represented Aragon in the sale and HGI

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Gelt, Inc. Expands Denver Presence with $145.5M Acquisition

Leave a Comment / Brokerage, Multifamily / milehighcre

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear Creek. Located at 2605 S. Miller Drive in the Bear Creek area of Lakewood, the asset includes 472 units. Gelt now owns nearly 2,500 units in six

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Movers and Shakers Week Ending 01.17.20

Leave a Comment / Movers and Shakers / milehighcre

Cresa Promotes Three Including Scott Churchley to Principal Cresa, the world’s only global commercial real estate firm that exclusively represents occupiers of space, announced three promotions this week including, Scott Churchley to principal, Rachel Trice to senior vice president and Matt Burton to vice president. “Scott keeps his head down and does whatever it takes

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Denver Metro Office, Retail and Industrial Sectors Close Out 2019 Strong

Leave a Comment / Brokerage, Industrial, Multifamily, Office, Reports, Retail / milehighcre

CBRE has released its Q4 2019 MarketView reports analyzing year-end performance for metro Denver’s office, industrial and retail sectors. “Metro Denver closed out 2019 strong, and we are now focused on some headwinds and tailwinds moving into 2020,” said Pete Schippits, senior managing director of CBRE’s Mountain States. “Looming questions remain around slowing population growth, high housing

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Author name: milehighcre