Author name: milehighcre

Design Build Institute of America, Rocky Mountain Region Contributing Design and Construction Services to Boys & Girls Clubs of Metro Denver  

The Design Build Institute of America, Rocky Mountain Region (DBIA-RMR) will donate design and construction services to Boys & Girls Clubs of Metro Denver to make needed improvements to the organization’s Johnson Boys & Girls Club in the West Colfax neighborhood. More than $30,000 worth of professional and construction services will go towards upgrades to

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Third Quarter Construction Economics: The Good, The Bad, and the Ugly

For the third quarter of 2019, the Marcum Commercial Construction Index finds the construction industry in overall good health as 2020 approaches, despite some causes for concern. Entitled The Good, The Bad, and The Ugly, the report is produced by Marcum LLP’s Construction Services Group. The Good On the positive side, Marcum’s third quarter index points

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Choice Market Expands in Denver with Third Location at Parq on Speer

Choice Market – a forward-thinking convenience store concept – will be the first retailer to debut at Greystar’s Parq on Speer, Denver’s luxurious new 16-story mixed use community. Located in the city’s bustling Golden Triangle neighborhood at the corner of Speer Blvd. and Bannock St., the new community is situated on two acres, with completion

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Modera LoHi

Denver Apartment Absorption to Hit Record High

Increasing development remains overshadowed by strengthening demand as the Denver metro is on track to log a 130-basis-point drop in two years amid the completion of 19,000 units, according to Marcus & Millichap’s fourth quarter Multifamily Outlook report. High-wage jobs in the urban core and Tech Center continue to benefit Class A apartments, pushing vacancy into the

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Trends Set to Influence Holiday Retail Season

According to the National Retail Federation’s forecast, the U.S. retail market is anticipating a 4 percent sales gain this November and December from last year’s season. A new report from CBRE highlights the trends in store for retailers and shoppers this shortened holiday retail season, including an earlier start to holiday promotions, new collaborations to shorten delivery windows and pare

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Land Approved for Rental Residential Community Sells in Thornton

Almost three acres of land that is part of the Poudre Trails Development in Greeley, has sold for $840,000. The land is approved for development into a for-rent residential community. Julius Tabert and Jon Rue with CBRE’s Northern Colorado office represented both the seller, Greeley-based Roche Constructors, Inc., and the buyer, West C Street Lot 1, LLC, of Greeley,

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Denver Developer Planning 342-Unit Condo Project in Arapahoe Square Closes on Land

According to public records, Denver-based Ubuntu Partners purchased 838 Park Avenue West and 2250 Champa St. in Arapahoe Square on Friday, for 5.5 million. The developer is planning to build one of Denver’s largest condo projects that will also aim for net-zero certification. Ubuntu Partners is a new development firm created by its founders —

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Affordable Housing in Vail Valley Begins Construction

Modular builder Nashua Builders recently began construction on the first phase of Spring Creek Apartments, an affordable housing development being built in Gypsum, Colo., 25 miles west of Vail. Edwards-based Polar Star Development, doing business as Spring Creek Apartment LLC, is the developer and management company for the project. This first phase will include 150 one-,

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Centrally Located Apartment Community in Denver Sells for $36M

Denver-based Grand Peaks Properties, Inc. in partnership with Aegon Asset Management has purchased Monaco South, a 220-unit, multifamily property located at 2280 South Monaco Parkway in Denver. Comprised of two solidly constructed concrete mid-rise assets, Monaco South sold for $36 million or $163,636 per unit. Newmark Knight Frank (NKF) Vice Chairmen Shane Ozment and Terrance Hunt, Executive

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Tips to Manage Holiday Package Delivery

The holidays mean one thing is on every property manager’s mind: managing the package delivery chaos. UPS alone estimated it delivered 800 million packages between Thanksgiving and Christmas 2018 and that number is sure to rise this year. Package Concierge, the trusted provider of automated locker solutions, is sharing tips to help the multi-family housing industry make the most

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