milehighcre, Author at Mile High CRE

77% of Employees Are Happy in Their Coworking Space, says Survey

Leave a Comment / Office, Reports / milehighcre

According to a new survey from Clutch, the leading B2B ratings and reviews platform, people are happy overall in their coworking space, suggesting that businesses don’t need a traditional office space to have satisfied employees. More than three-fourths of coworking employees, 77 percent, are satisfied with their coworking space. Clutch found the top five benefits of coworking

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Centennial Airport Plaza Sells for $7.3M

Leave a Comment / Brokerage, Office / milehighcre

Denver-based KEW Realty Corporation has acquired Centennial Airport Plaza, located in the Centennial Airport Business Park, from Melcor Centennial LLC. KEW paid $7.3 million for the 63,112-square-foot, multi-tenant, low-rise suburban office asset. Avison Young Principals Rick Egitto and David Tilton, based in the firm’s Denver office, represented the seller in the transaction which closed on December 31, 2019.

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New Apartments to Break Ground at 1,100-acre Mixed-use Community in Broomfield

Leave a Comment / Architecture, Construction, Development, Multifamily / milehighcre

Colorado-based real estate investor and developer, McWhinney, will break ground in early 2020 on Park 40, a new multifamily development consisting of 313 apartment homes at Baseline, the new 1,100-acre mixed-use community in Broomfield. Part of West Village at Baseline, situated at Highway 7/Baseline Road and I-25, Park 40 plans to feature 51 studio apartments, 160 one-bedroom apartments, 84 two-bedroom

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Changing Demographics will Impact Real Estate, Study says

Leave a Comment / Brokerage, Reports / milehighcre

The retirement of Baby Boomers and the debut of Generation Z workers has major implications for real estate occupiers, investors and policy-makers around the world, according to a new global research report from Cushman & Wakefield, entitled “Demographic Shifts: The World in 2030.” The implications are diverse – diverging trajectories of labor force growth, an

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Denver Apartment Community Offers Attractive Value-Add Opportunity

Leave a Comment / Brokerage, Multifamily / milehighcre

Arel Capital, a New York City headquartered investment firm representing close to $1.6 billion worth of real estate, has sold Cambridge Place, a 114-unit apartment asset located at 1260 S. Bellaire Street in Denver, close to the neighboring Glendale submarket. Justin Hunt and Andy Hellman with Newmark Knight Frank (NKF) represented Arel Capital in the

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Healthcare Provider Signs Lease at Industry RiNo Station

Leave a Comment / Healthcare, Office / milehighcre

Industry RiNo Station, a 152,000-square-foot office project developed by Q Factor, LLC, has a new tenant. DispatchHealth, a provider of in-home health care, has signed a lease for their new Denver-based headquarters. The 27,000-square-foot space is equipped to service approximately 230 employees as the company prepares for its next phase of growth. The office will

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Office/Industrial Asset on the Garden of the Gods Corridor Sells for $5.6M

Leave a Comment / Brokerage, Industrial, Office / milehighcre

NavPoint Real Estate Group has completed the sale of an office/industrial/flex asset located at 850 Elkton Drive, in Colorado Springs. Built in 1977, the property was originally a manufacturing facility for wood cabinetry and paneling. Most recently it has been used as a church campus with many classrooms, offices, an auditorium, print shop, TV/Film studio, and more. The campus

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Denver Adopts Tall Mass Timber Codes

Leave a Comment / Construction, Development, Sustainability / milehighcre

On December 23, the City of Denver voted to adopt the 2019 Denver Building Code, which includes the tall mass timber code provisions approved for the 2021 International Building Code (IBC). As part of the adoption of the new code, there will be a four-month period where new projects can use either the 2016 Denver

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Mission Rock Residential to Manage Platt Park Apartments

Leave a Comment / Multifamily, Property Management / milehighcre

Treeline Multifamily Partners has selected Mission Rock Residential, a Denver-based multifamily property management company, to manage Encore Evans Station Apartments, a newly constructed 224-unit community in Denver’s Platt Park. “The South Broadway neighborhood within Denver is gaining immense popularity due to its accessibility to some of Denver’s largest employment sectors including downtown Denver and DTC. Encore

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Apartments in Colorado Springs Fetch $37M

Leave a Comment / Brokerage, Multifamily / milehighcre

Atlanta-based Cortland has purchased One330 Apartments, a 149-unit multifamily property in Colorado Springs for $37.1 million. Dan Woodward, David Potarf, Matt Barnett and Jake Young with CBRE Capital Markets represented the seller, The Garrett Companies from Greenwood, Ind. “The Colorado Springs multifamily market continues to attract aggressive capital, including institutional equity, compressing cap rates across the board,” said Dan Woodward, executive

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Author name: milehighcre