RENTCafé.com, a part of Yardi, has released its annual report on apartment construction, in which the nationwide apartment search website analyzed the numbers of new deliveries in 134 metro areas. Despite the strong demand for rentals, 2019 marks the second year of slowdown in terms of apartment completions nationwide. Having built an impressive number of
Denver Apartment Supply Decreases in 2019 Read More »
Boutique, Colorado-based firm NavPoint Real Estate Group, recently completed the sale of 210 Franklin Street, a fire-damaged restaurant building located on a large corner lot in downtown Niwot, CO. Matt Call and Jason Mayer of NavPoint Real Estate Group represented the seller in the transaction, Table 210, LLC. The purchaser was a local investor with extensive development experience in
Former Niwot Restaurant Affected by Fire Sells to Local Investor Read More »
This week, Mayor Michael B. Hancock submitted his 2020 spending plan to Denver City Council, a $1.49 billion budget that reflects years of fiscal strength, protects Denver’s prosperity and prepares the city as the economy begins to show signs of moderating. “The people’s priorities are clear, and this budget proposal advances them by opening access
Mayor Hancock Submits 2020 Budget Proposal Read More »
Pinkard Construction and 4240 Architecture have won a 2019 Best Project award for their work on Colorado State University’s Michael Smith Natural Resources Building. The awards, sponsored by Engineering News-Record Mountain States, are given to projects that excel in safety, innovation and teamwork. Located on CSU’s main campus in Fort Collins, the Michael Smith Building addition and
CSU Building Awarded Best Project Award from ENR Mountain States Read More »
Development partners Bradbury Properties and Confluent Development, have started construction on three buildings in metro Denver’s 100-acre industrial hub, Highfield Business Park. Upon completion, the three projects will mark the industrial hub’s near build-out, spanning about 10 years and totaling 1.25 million square feet of industrial space, with only 12 acres on the park’s north
New Development at 100-acre Denver Hub Supports Demand for Industrial Space Read More »
A new Hoyt Advisory Study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) reveals that the apartment/multifamily industry and its residents annually contribute more than $3.4 trillion to the national economy. The new report, available at WeAreApartments.org, provides a detailed breakout of the economic impact nationally, by state, and in
Apartment Construction Contributes $2.5B Annually to Denver Economy Read More »
McWHINNEY, master developer of Centerra, has announced plans for an additional 360,000 square feet of Class A industrial space across three new buildings at its Centerra Industrial expansion in Loveland. The campus’ three existing developments, totaling 291,000 square feet, are fully leased. Centerra Industrial is located a half-mile from Interstate 25 with direct access to
McWHINNEY to Add Three Industrial Buildings at Centerra Read More »
By Chris Yonushewski, Business Development & Marketing Manager, R&R Engineers – Surveyors, Inc. Within many areas of commercial development, a large number of vacant jobs go unfilled due to a small qualified labor pool. In 2016, the U.S. Bureau of Labor and Statistics reported that of the approximately 65,000 land surveyors in the country, only 9,000 were under age 34.
Addressing the Need for More Trained Surveyors Read More »
JLL has arranged $22.86 million in financing for Phenix at Infinity Park I and II, two adjacent multi-housing properties totaling 185 units in the Denver suburb of Glendale. Working on behalf of Glendale-based Slipstream Properties, JLL arranged two 10-year, interest-only, fixed-rate loans through Freddie Mac’s Green Advantage program. The loans will be serviced by Holliday
Two-phased Phenix at Infinity Park Receives $22.86M Funding Read More »
Golden Center, a 11,706-square-foot office property located at 1111 Washington Ave. in Golden, has sold for $2,990,000, setting a record for per-foot pricing for office sales in Golden. Brandon Kramer and Jacob F. Rocker, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.
Sale of Prominent Office Building in Golden Sets New Record Read More »
