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The Denver Neighborhoods with the Highest Rent Increases

Leave a Comment / Multifamily, Reports /

The latest report from Rent.com indicates which Denver neighborhoods have the highest monthly rent increases. Statistics include the average monthly rent for a one bedroom in that neighborhood compared to the overall average for Denver, which is currently $1203. The study reviewed all neighborhoods in Denver with sufficient available inventory on Apartment Guide and Rent.com and […]

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Prism Welcomes New Tenants

Leave a Comment / Development, Office /

Shea Properties recently welcomed three prestigious tenants to Prism, a sleek, new, nine-story, core and shell office building in the heart of Denver’s financial district.  Unmistakable at 999 17th Street, Prism’s exterior is distinguished by six angled glass planes that shatter conventional thinking and establish a high-profile presence unlike any other. “We are thrilled to welcome 801

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Belleview Corporate Plaza Sells for $39.1M

Leave a Comment / Brokerage, Office /

The RMR Office Property Fund, managed by The RMR Group, has acquired Belleview Corporate Plaza, a two-building, 172,220-square-foot, multi-tenant class A office property located in Denver, for $39.1 million. The property is 98 percent leased to tenants in the healthcare, real estate and energy industries. “The acquisition of Belleview Corporate Plaza demonstrates the fund’s investment philosophy, focusing on

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Stantec Leading Design for Upgrade to McMurdo Station in Antarctica

Leave a Comment / Development /

The Denver office of Stantec is leading the design for a major upgrade to McMurdo Station in Antarctica. Parsons, a subcontractor to the Leidos Antarctic Support Contract, selected Stantec, through a competitive process, as the lead designer and design manager on a design-build team  for the National Science Foundation’s (NSF’s) Antarctic Infrastructure Modernization for Science (AIMS) project.

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Developers and Brokers Respond to Changing Consumer Preferences

Leave a Comment / Affordable Housing, Development, Events /

Affordability took center stage at the third annual InterFace Denver Multifamily Conference, organized by Western Real Estate Business and the InterFace Conference Group on June 13. A brokers’ discussion panel was moderated by Phillip Gause, first vice president capital markets, Marcus & Millichap Capital Corp. (MMCC) Denver. Developers are expanding their product offering to meet shifting

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56-Unit Apartment Building Sells in Cherry Creek School District

Leave a Comment / Brokerage, Multifamily /

Nexus Commercial Realty, LLC, a full-service firm for the multifamily commercial real estate industry in Denver, has closed on the sale of Cherry Creek Square, a 56-unit, 39,600-square-foot building for the sale price of $7,510,000. The building has an attractive location on E. Florida Avenue between S. Havana Street and S. Dayton Street in the Cherry

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JLL Completes Acquisition of Leading Capital Markets Firm HFF

Leave a Comment / Brokerage /

Jones Lang LaSalle Incorporated (NYSE: JLL) has officially closed its acquisition of HFF, greatly expanding JLL’s ability to provide world-class capital markets services and expertise to its clients. This acquisition was first announced and unanimously approved by each company’s Board of Directors in March 2019 and received approval from HFF’s shareholders on Monday. The purchase price for the acquisition

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Newmark Knight Frank Secures $81M Loan for 255 St. Paul Street in Cherry Creek North

Leave a Comment / Development, Multifamily, Retail /

Newmark Knight Frank has arranged an $81 million fixed-rate loan for the refinancing of 255 St. Paul, part of BMC Investments’ St. Paul Collection property located in the Cherry Creek North. The NKF team was led by Dustin Stolly and Jordan Roeschlaub, vice chairmen and co-heads of Debt & Structured Finance, along with Nick Scribani, Chris Kramer. The 10-year

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CBRE Facilitates $2.2M Sale of 2280 S. Albion Street in Denver

Leave a Comment / Brokerage, Office /

2280 South Albion Street, an 8,007-square-foot, single-story office building on 0.71 acres in the University Hills neighborhood of Denver, has sold for  $2.245,000. Monica Wiley and Jeff Wood of CBRE’s Denver office represented the seller of the building, The Arthritis Foundation, Inc. Matt Vandal and Jonathan Schneider of Sognare Partners represented the buyer, a local investor. “This office property

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GH Phipps Joins the Colorado Springs Police Department for Ribbon Cutting of New Sand Creek Substation

Leave a Comment / Construction, Development /

GH Phipps has successfully completed the new Sand Creek Substation for the Colorado Springs Police Department. The general contractor was joined by Mayor John Suthers, police commander Scott Whittington, DLR Group (the architect for the building) and various members of the police department and local community for a ribbon cutting to commemorate the event. The

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