The American Institute of Architects (AIA) Colorado has announced its 2020 Board of Directors. Following a two-month process, the 2020 Nominating Committee chaired by Past President, Carl Hole, AIA recommended a slate of candidates to serve on the 2020 Board of Directors. The recommended slate was officially confirmed at the AIA Colorado annual meeting on December 13. “We
AIA Colorado Announces 2020 Board of Directors Read More »
Saunders Commercial Development Company has received $43.2 million in structured construction financing for the development of its latest project, Ten West Greeley Apartments, a 264-unit, Class A, garden-style multi-housing property in Greeley. The Ten West Greeley Apartments project — designed by Denver-based EVStudio — is being developed on a 10.15-acre site at 6600 8th Ave within the
Saunders to Build 264-Unit Apartment Project in Greeley Read More »
The Denver City Council recently approved a pair of affordable housing contracts that will help establish 204 income-restricted homes for low and moderate-income households in the Lincoln Park and Capitol Hill neighborhoods. Loans totaling $5,175,000 have been approved for the La Tela and Olin Apartments projects, which will support affordable homeownership opportunities and senior housing
Denver City Council Approves Two Affordable Housing Projects Read More »
Salesforce, a customer relationship management solution that brings companies and customers together, is expanding in Denver with a brand new office at the 17th Street Plaza in LoDo. Salesforce employees will begin moving into the building in late 2020, leasing three floors and adding rooftop signage. According to the Salesforce blog, the new office will feature an
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According to the Yardi Matrix Multifamily National Report for November, demand for multifamily housing remains high nationwide. More than 320,000 multifamily units have been absorbed nationally. While it’s not expected that absorption will reach 2016’s cycle peak of 377,000 units, 2019 marks the sixth straight year with at least 250,000 multifamily units absorbed. Seattle, Denver and Dallas topped
Denver Tops Multifamily Absorption List in November Read More »
According to Kroll Bond Rating Agency, Morgan Stanley, an American multinational investment bank and financial services company, is lending $373 million to refinance the Wells Fargo Center in downtown Denver. Also known as the “Cash Register Building,” Owner, Beacon Capital Partners, will use the loan to replace a previous $282.2 million mortgage from MetLife. The
Denver’s Third-Tallest Skyscraper Refinanced Read More »
Stonebridge Companies Promotes Two, Adds Eight for Leadership Roles Denver-based Stonebridge Companies — a privately owned, innovative hotel owner, operator and developer — in support of its ongoing business growth, has promoted two of its team members and employed eight new associates for various leadership roles at a number of its more than 60 hotels
Movers and Shakers Week Ending 12.13.19 Read More »
Utah-based hospitality firm Western States Lodging and Nuterra Partners are under contract to construct a Candlewood Suites at Colorado Springs’ newest 58.71-acre mixed-use development, Westgate at Powers. CBRE is marketing the planned, mixed-use project for additional sale, lease or build-to-suit development. The property is located at the west gate entrance to Peterson Air Force Base on the northwest corner of Powers
New Hotel to be Built at 59-Acre Development in Southeast Colorado Springs Read More »
A 7,500-square-foot industrial property in Littleton has sold for $1,640,000. Jason Mayer and Jeff Brandon of NavPoint Real Estate Group represented the buyer, Kudu Roofing. The company will be relocating from 2709 W Belleview Ave b, Littleton, near Santa Fe and Belleview. The property, located at 9822 Titan Park Circle — off Highway 85 and Titan road — is
Industrial Property in Littleton Sells for $1.6M Read More »
A four-unit, 3,082-square-foot multifamily property, on a 9,040-square-foot lot in Platt Park, has sold for $990,000. Robert Bratley with CBRE Capital Markets in Denver represented the seller, a local private investor. An out-of-state investor purchased the property in an all-cash transaction with no contingencies that closed in 14 days. “This property attracted apartment investors and developers alike because
Small Multifamily Property in Platt Park Sells to Out-of-State Investor Read More »
