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Movers and Shakers

Movers and Shakers Week Ending 08.30.19

Leave a Comment / Movers and Shakers /

MPC Announces New Vice President of Operations Martines Palmeiro Construction, LLC (MPC) announced Steve Clouten as the company’s vice president of operations. In this role, Steve will provide leadership and mentoring to project teams. Steve will further a culture of collaboration, innovation, and strategic differentiation. Steve will exercise his extensive construction experience, subcontractor relationships, and

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GL Facilities Consultants Becomes Cresa Workplace Planning, Design and Support

Leave a Comment / Brokerage, Design, Office /

BGL Facilities Consultants recently announced that its name has changed following the company’s merger with Cresa. They will now be a service line of the global real estate company, known as Cresa Workspace Planning, Design and Support. “We have worked side-by-side with Cresa since 2014 when we first started sharing an office in Denver,” said Lynda

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Two Office Buildings Planned for Cherry Creek North

Leave a Comment / Architecture, Brokerage, Construction, Development, Office /

According to the Denver Business Journal, Beck Architecture has submitted a conceptual development plan on behalf of Broe Real Estate Group, for construction of the “Clayton Street Redevelopment Project” on the 200 block of Clayton Street in Cherry Creek. According to Marc Savela, vice president development, Broe Real Estate, the development team is planning approximately 100,000

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Ventana Apartments in Denver Sell for $53.7M

Leave a Comment / Brokerage, Multifamily /

The Ventana apartments located at 5095 East Donald Avenue in Denver, have sold for $53.7 million. David Potarf, Dan Woodward and Matthew Barnett with CBRE Capital Markets in Denver represented the seller, Cypress Equities of Los Angeles. The buyer, Indianapolis-based Birge & Held, purchased the property in a sale that closed August 22, 2019. “The buyer was attracted

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292-Units Break Ground Near Mile High Stadium

Leave a Comment / Affordable Housing, Construction, Development, Multifamily /

Katerra, a technology-driven construction company, broke ground earlier this month on Cirrus, the company’s latest project alongside developer UDR. Cirrus is a 230,000-square-foot residential development featuring 292 apartments on a 2-acre lot west of Mile High Stadium at 1590 Grove Street in Denver. Cirrus will help address Denver’s continued affordable housing shortage crisis. The new housing structure will

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Sheraton Denver Downtown Begins $80M Renovation

Leave a Comment / Architecture, Construction, Design, Development, Hospitality, Renovation /

The $80 million hotel renovation of the Sheraton Denver Downtown began today that will forever change the face of the hotel and the 16th Street Mall. Sheraton Denver Downtown has long been a familiar anchor downtown, serving as the largest meetings/events hotel in the city with an unmatched heritage and roots deep in the local Denver community. This

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Former Sears Building in Colorado Springs to be Renovated

Leave a Comment / Brokerage, Retail /

A former Sears retail building located at 2050 Southgate Road in Colorado Springs, has sold for an undisclosed amount. Brian Cox and Steve Suechting of Lee & Associates – Denver represented the seller of the 145,675-square-foot retail building, and Paul Rubley with Olive Real Estate Group represented the buyer, Sears Holding. The buyer plans to renovate and subdivide the

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Hyatt House Breaks Ground on Fitzsimons Medical Campus in Aurora

Leave a Comment / Construction, Development, Hospitality /

Denver-based BMC Investments(BMC) has broken ground on a 140-key extended stay Hyatt House hotel, which will include 8,000 square feet of ground level retail, at the Fitzsimons Medical Campus in Aurora. BMC acquired the property, which is located at the southeast corner of Colfax and Peoria – also known as the Gateway at Fitzsimons – in 2013. The project

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Vīb® Hotel Breaks Ground in RiNo

Leave a Comment / Construction, Development, Hospitality /

Best Western® Hotels & Resorts (BWHR) and TWC Management, LLC, recently broke ground on its urban, upscale Vīb hotel, in RiNo, at the cross streets of 36th and Brighton. The boutique hotel is anticipated to open in December 2020. “We’re excited to bring our distinctive Vīb brand to Denver and join the thriving River North Art District community, where creativity

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Northstar Announces Sale of Colorado Springs Office Building

Leave a Comment / Development, Education /

Northstar Commercial Partners has sold its 76,138-square-foot office building located at 7899 Lexington Drive, in Colorado Springs, for $10.4 million. Northstar originally purchased the office building, on 4.34 acres, in 2015, for $3.9 million. The sale price reflected the vacant status of the asset at acquisition, at a price significantly lower than its estimated replacement cost value of

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