Author name: milehighcre

ULC Acquires Land for Affordable For-Sale Condo Development

DENVER – In partnership with Shanahan Development LLC and Elevation Community Land Trust (ECLT), Urban Land Conservancy (ULC) purchased an 18,000-square-foot site located at 801 W. 6th Avenue in Denver’s Santa Fe Arts District for the development of affordable for-sale homes. The $1.8 million acquisition will support a mixed-use development, with commercial space and 92 for-sale […]

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Cadence Capital Partners and MRXE Capital Markets Complete Merger

DENVER – Commercial real estate veterans Michael Bennett and Jay Soave have merged their firms, creating a team with 40 years of combined experience in originating and executing real estate capital markets transactions to form Cadence Capital Partners. The newly merged company – which brought together Mr. Bennett’s MRXE Capital Markets and Cadence Capital Partners, led by

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New 380K SF Facility to be Built at Denver’s “Aerotropolis”

DENVER — A new 380,000-square-foot build-to-suit manufacturing/office facility will be built at Porteos, a commercial mixed-use development that is part of Denver’s expanding “Aerotropolis” development. The site will be home to Kärcher North America’s new North American headquarters with 280,000 square feet of manufacturing facility and 100,000 square feet in office space. JLL represented both the seller and

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Gaylord Rockies Resort Officially Opens its Doors

AURORA —This week, Gaylord Rockies Resort & Convention Center officially opened its doors as the largest combined resort and convention center in Colorado. Just 10 minutes from Denver International Airport, the resort is the fifth Gaylord Hotels® property and one of the largest resorts in the world to debut under the Marriott International brand this year. HKS Architects —

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Construction at Modera LoHi Underway

DENVER – Construction is underway for the Modera LoHi, 132-unit, 191,592-square-foot apartment community located at 2555 16th Street in Denver’s LoHi. Alliance Construction is continuing to excavate and haul off dirt, with hopes to reach the bottom of the hole for the foundation within the next few days. “Pull testing” of final tiebacks is beginning as well. Elco Drilling began

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NKF Achieves Highest Price Per Unit in Denver for Market Rate Apartments

DENVER — Infinity LoHi, a luxury, mid-rise community in Denver’s LoHi neighborhood has sold for $111.75 million. At $409,340 per unit, the property achieved the highest per-unit pricing in metro Denver in 2018 for market-rate apartments. Vice Chairmen Terrance Hunt and Shane Ozment of Newmark Knight Frank Multifamily represented Greenwich, CT-based The Richman Group in the sale to an

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Globeville Site Selected for 2019 Rocky Mountain Real Estate Challenge

DENVER— Land Title Guarantee Company and NAIOP Colorado have selected the 40.5 acre Denver Shops site, located at 5151 Bannock Street in Denver, as its prime subject for the 17th Annual Rocky Mountain Real Estate Challenge to be held on May 2, 2019. ‘The Challenge” is the premier real estate competition that pairs graduate-level students from the University of Colorado and the University of Denver and

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New Denver Residential Mid-Rise Coming to 26th and Alcott

DENVER — OZ Architecture has been selected by NYC-based Tessler Developer to design a new 14-story building that will feature a mix of for-sale condos and for-rent apartments in LoHi.  Alcott Condo Club will offer an affordable entry point into the housing marketing for first-time home buyers in a highly desirable part of town. Located at 26th and

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GH Phipps “Adopts” a Family in Need for the Holidays

DENVER— GH Phipps and its employees have adopted a family in need for the holidays. Working with Children’s Hospital, the company is donating gifts and clothing to the blended family of nine, with seven children. Three of the children have had kidney transplants due to a rare disorder, making the time and expense of holiday shopping all the

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CBRE Arranges Two Multifamily Sales Totaling $99.5M in CO Springs

COLORADO SPRINGS — CBRE recently arranged the sales of two apartment communities in Colorado Springs; Woodland Hills and Creekside at Palmer Park. Woodland Hills sold for $27 million and Creekside at Palmer Park sold for $72.5 million, representing Colorado Springs’ largest single-property multifamily sale this year by number of units (328). The CBRE team representing the seller

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