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Movers and Shakers

Movers and Shakers Week Ending 08.17.18

Marcus & Millichap Hires President of Financing Subsidiary, MMCC Marcus & Millichap has announced David (Dave) Shillington as the new president of its financing subsidiary, Marcus & Millichap Capital Corporation (MMCC). Shillington brings more than three decades of real estate lending and executive leadership to the company. He is an industry veteran with strong leadership, […]

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transactions

Transactions Report Week Ending 08.17.18

Cushman & Wakefield Arranges Sale of Multi-Tenant Office Building in Colorado Springs Cushman & Wakefield announced the sale of  Chapel Hills Atrium, a recently renovated 79,295-square-foot, three-story office building located at 1125 Kelly Johnson Boulevard in Colorado Springs. According to Steve Schwab, managing principal of the firm’s Denver office, the property sold for $11.075 million

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Morrison Neighbors to Fight Already Approved Housing Development

In Morrison, voters will soon have the opportunity to undo already-approved plans for a 1,350-home community. The upcoming ballot measures to derail the Red Rocks Ranch project at the northeast corner of Morrison Road and C-470. Those who live in Morrison are worried that traffic impacts from a neighborhood with nearly 1,4000 new homes will

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Mixed-use Development Set to Transform Downtown Longmont

LONGMONT — Construction is underway on South Main Station, a vibrant mixed-use redevelopment in old town Longmont that is part of the city’s vision to redevelop the 1st and Main Street area. The project, by owner/developer Mass Equities, is the largest single private downtown investment in Longmont in decades. Brinkman Construction is the general contractor for the $70 million,

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Climate Change

Denver’s Multifamily Market Not Overbuilt, Says CBRE

DENVER– CBRE is dispelling the myth that downtown Denver’s multifamily market is overbuilt. The commercial real estate giant’s latest report looks at how the balance between apartment supply and demand— the ratio of jobs to apartment units — reveals that downtown Denver is in fact underserved and additional apartment supply is needed. Downtown Denver currently has 10,700 apartment units

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Adolfson & Peterson Receives Four ENR Best Project Awards

DENVER –  Adolfson & Peterson Construction (AP) — a family-owned company that is consistently ranked among the top construction managers and general contractors in the nation — recently received four ENR’s 2018 Best Projects awards. Three of the four projects are located in Colorado. A panel of nine judges from various industries selected winners and merit awards from

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North Aurora Family Health Services Facility Opens Ahead of Schedule and Under Budget

AURORA – Pinkard Construction, in a design-build relationship with MOA Architecture and owner Metro Community Provider Network (MCPN), recently completed the North Aurora Family Health Services (NAFHS) renovation ahead of schedule and under budget. Total project budget was $3.8 million, with a construction budget of $1.58 million. Pinkard is returning approximately $80,000 in savings to MCPN, while completing approximately

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Denver Releases 80×50 Climate Action Plan

DENVER — Mayor Michael B. Hancock recently reaffirmed Denver’s leadership in combatting climate change and embracing clean energy with the release of the city’s 80×50 Climate Action Plan. “Cities like Denver will continue to push forward on clean energy,” Mayor Hancock said. “We have a responsibility to do everything we can to ensure clean air and

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Fortune 500 Company Expands in the Denver Tech Center

DENVER — H5 Data Centers, a national colocation and wholesale data center provider, has announced plans to expand its Denver data center, located at 5350 S. Valentia Way in the Denver Tech Center. The data center expansion includes the build-out of a 5,000-square-foot, private raised floor suite, which has been pre-leased by an existing Fortune 500

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Apartment Complex Sells for Routt County Record Price

STEAMBOAT SPRINGS – SkiView Place, a Steamboat Springs apartment project, recently sold for a Routt County record price of $9,050,000 ($215,476 per unit). The project was purchased by Tralee Capital Partners, from developer, Brinkman and ownership partner Woodbury Strategic Partners. The 34,000-square-foot, two-building project includes 42-units and sits on a 1.1 acre site. Upon opening in 2015, SkiView represented

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