milehighcre, Author at Mile High CRE

Tennyson44 Multifamily Community Sells for $19.15M

Leave a Comment / Brokerage, Multifamily / milehighcre

Tennyson44, a five-story, 47-unit multifamily property in the Tennyson/Berkeley neighborhood of Denver, has sold for $19.15 million. Robert Bratley of CBRE’s Denver office arranged the sale on behalf of the seller, Forbes Partnership, Inc. The buyer was an out-of-state investor who acquired the property in an all-cash transaction. It is a long-term addition to the buyer’s Denver multifamily […]

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Lakewood Residents to Vote on Initiative 200

Leave a Comment / Development, Multifamily / milehighcre

View here This week, Lakewood residents will receive ballots for a July 2 election to vote on Initiative 200, a measure that would impose a 1 percent growth-cap on its city of roughly 155,000 people and also require city approval for larger projects. If the ballot passes, proponents believe that it will help maintain property values, keep rents

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GE Johnson’s Safety Summit Unites More Than 20 Local Subcontractors

Leave a Comment / Construction, Events / milehighcre

On Wednesday, June 5, more than 20 trade partners along with GE Johnson leadership and the company’s safety professionals united to cultivate relationships and share best safety practices at GE Johnson’s inaugural Safety Summit in downtown Colorado Springs. GE Johnson’s approach to this Safety Summit is unique in that it empowered subcontractors to be honest

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Cherry Creek North’s Brand Refresh Launches this Week

Leave a Comment / Development, Retail / milehighcre

Over the last 10 years, Cherry Creek North has evolved from a shopping and dining area into a mixed-use, lifestyle destination, attracting more residents, hotel guests and office workers. The first phase of the Cherry Creek North Business Improvement District’s brand refresh launches this week with a digital ad campaign, with additional brand assets to roll out

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U.S. Multifamily Rent Growth Slows Down

Leave a Comment / Multifamily, Reports / milehighcre

A new national report from Yardi® Matrix shows that U.S. multifamily rent growth in 2019, while steady, falls short of the levels seen in recent years. The average rent, which reached $1,442 in May, has grown $14 over the last three months. While that represents a year-to-date increase of 1.2 percent, last month was one of

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Grand Opening: MorningStar of Arvada

Leave a Comment / Architecture, Construction, Development, Senior Housing / milehighcre

Co-developers MorningStar Senior Living and Confluent Senior Living recently announced the grand opening of MorningStar of Arvada, a new 160,000-square-foot senior living community in Arvada. The project helps answer the state’s high demand for senior housing with the addition of 141 suites for community seniors as well as adding more than 100 jobs to the metro

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SVN Denver Commercial Announces Sale of Two Caliber Collision Retail Properties

Leave a Comment / Brokerage, Retail / milehighcre

SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, recently announced the sale of two single tenant Caliber Collision retail properties. Caliber is the largest collision operator in the U.S. The first in Loveland, a 16,900-square-foot retail property, sold for $6,241,652. The site was a build to suit for Caliber Collision and was on a long

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GH Phipps Celebrates Groundbreaking of New Elementary School in Brighton

Leave a Comment / Construction, Education / milehighcre

GH Phipps recently joined Brighton Mayor Ken Kreutzer, 27J Schools Superintendent Dr. Chris Fielder, 27J Schools board members, police and fire officials, as well as family and friends, to celebrate the groundbreaking for a new elementary school in the Brighton Crossings neighborhood in Brighton. The new school will provide a new pre-kindergarten through fifth grade

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Snyder Building Construction Completes $1.8M Adaptive Reuse Project

Leave a Comment / Architecture, Construction, Development, Renovation, Retail / milehighcre

Snyder Building Construction has completed the $1.8M renovation of the old lighting outlet in Englewood, located at 3400 South Broadway. The 100-year-old building now bolsters exposed ceilings, glass storefronts and new offices. The renovation, designed by ArcWest Architects, features significant upgrades to all levels, a new 6,750-square-foot finished office and nearly 21,500 square feet of leasable

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Coliving a Niche Asset Class on the Rise

Leave a Comment / Brokerage, Coliving, Development, Multifamily / milehighcre

As rent seems to continuously rise in Denver, people are beginning to seek out more affordable options that don’t skimp out on amenities. Coliving is one option that centers around a type of intentional community housing where multiple people share a single home with shared areas such as bathrooms, kitchens and living rooms as well

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Author name: milehighcre