Author name: milehighcre

Rents Losing Steam, says Colorado Rent Report

With 2019’s rental season well underway, apartment prices across the country are starting to lose steam. In Colorado, only two out of the 22 cities analyzed (Parker and Colorado Springs) saw MoM growth of more than 1 percent, according to Rent Café’s National Rent Report. Key takeaways: The national average rent reached $1,469 in July, up […]

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Copperleaf Place Apartments in Fort Collins Sell for $22M

According to CBRE, Real estate development and investment company Brinkman has sold Copperleaf Place multifamily community, located at 3425 South Shields Street in Fort Collins, for $21.825 million Dan Woodward, David Potarf, Matthew Barnett and Jake Young with CBRE Capital Markets represented Brinkman. The buyer, Warm Springs Holdings, a private buyer from Calif., purchased the property in a

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ABC Awards Congressman Lamborn with Merit Shop Eagle Award

The Associated Builders and Contractors, Inc. Rocky Mountain Chapter (ABCRMC) awarded U.S. Representative for Colorado’s 5th congressional district, Doug Lamborn, with the ABC Merit Shop Eagle Award yesterday, at Pikes Peak Community College (PPCC). The ABC Merit Shop Eagle Award is given to congressional delegates that have an outstanding voting record on ABC’s core principal issues:

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Local Developer Proposes Development on Westminster’s Last Remaining Parcel of Farmland

Local development company Oread Capital & Development — which acquires, develops, and operates best-in-class residential and mixed-use communities, primarily in the Denver and Boulder market areas — has proposed development for 230 acres between 88th Avenue, Federal Boulevard, Lowell Boulevard, and 82nd Avenue in Westminster, on the last remaining parcel of farmland in the area. According to

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Colorado Commercial Landscape Companies Combine

Metco Landscape (“Metco”), a portfolio company of Westhook Capital and leading provider of commercial landscape services in Colorado, has acquired PGM Inc., a premier provider of commercial landscape maintenance services in Colorado Springs. PGM’s Founder and President Dan Pohja will continue to lead PGM. Financial Terms of the transaction were not disclosed. “PGM is a

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AGC of Colorado Honors General Contractor and Specialty Contractor Members

AGC of Colorado honored 50-year and 25-year general contractor and specialty contractor members at the July 2019 Breakfast with the Board and State of the Construction Industry General Contractor Showcase. With more than 500 construction industry professionals in attendance, AGC of Colorado recognized the importance of the roles that both prime and specialty contractors take

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Geothermal-Powered Apartment Community in Brighton Sells for $72M

Last week, a 288-unit, geothermal-powered apartment community in Brighton, sold for $72 million in an off-market transaction. Elements at Prairie Center, located at at 3128 Eagle Boulevard is the second 100-percent geothermal apartment community the ownership partnership of Littleton-based C&A Companies and Delaware-based Commonwealth Group, has developed in the Brighton area. CBRE’s Dan Woodward, David Potarf and Matthew

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KEPHART Announces New President and New Office

By Katie Rapone Denver-based Residential Architecture and Land Planning Design Firm KEPHART, has a new president. Bryce Hall is assuming the new role to manage day-to-day operations and business functions. The news comes at a pivotal time; KEPHART has shared exclusively with Mile High CRE that the firm will open a second Denver office this fall. With more

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Vertix Building Fourth Project for SimonMed Imaging

With a niche for healthcare construction, Vertix Builders, a culture-focused construction company, is underway with the construction of a fourth project for SimonMed Imaging, a low cost, medical imaging company with locations across the nation. The newest project by Vertix is located in Littleton and contains MRI, CT and X-Ray imaging services. The project is shelled space in an existing

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