Author name: milehighcre

Denver’s Escalating Property Values Hurting Small Businesses

View here An article published by the Denver Channel highlights Denver’s increasing property values and the negative impact on small businesses in the state. According to the Denver Assessor’s Office the average commercial property shot up 20 to 25 percent. Some local shops have seen their property taxes double in addition to their rents increasing. […]

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Class A MOB in Grand Junction Sells for $31.5M

GRAND JUNCTION, CO — Griffin-American Healthcare REIT IV, Inc. has acquired a Class A medical office building in Grand Junction for $31.5 million. Built in 2013, the approximately 83,000-square-foot Grand Junction Medical Office Building was 100 percent leased at the time of acquisition to multiple tenants, including Colorado West Healthcare System and its subsidiaries, which lease approximately

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Construction of Lakehouse at Sloans Lake Reaches Halfway Point

DENVER — Construction of the 12-story Lakehouse residences, overlooking Sloans Lake, has reached the halfway point and is on schedule for completion in late summer 2019. The new 196-unit condominium and rowhome development by NAVA Real Estate Development (NAVA) — a Colorado-based development company focused on improving communities through quality design and healthy programming — is located at 4200 West 17thAvenue

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Mixed-Use Building Breaks Ground in Cherry Creek North

DENVER — Elevation Development Group, a Denver-based real estate firm that focuses on acquiring and developing commercial and residential properties in high barrier to entry submarkets, has broken ground on 260 N Josephine, a 70,000-square-foot mixed use building to be situated at the prominent corner of 3rd and Josephine street in Denver’s Cherry Creek North Shopping

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Progress Report for Peña Station Hyatt Place

DENVER –The project team at the site of the Peña Station Hyatt Place, is continuing the underground over excavation and recompaction for the foundation concrete. Alliance Construction Solutions have just begun pouring the foundation walls as they complete the remainder of the spread footings. Alliance is pouring both stair cores simultaneous to the foundations going in and are up to

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OZ Architecture Designs New Senior Living Community

GRAND JUNCTION, CO — Construction has begun on The Lodge at Grand Junction, a Rocky Mountain Senior Housing and WellAge senior living community that is slated to open in the summer of 2019. OZ Architecture, an award-winning, national architecture and design firm, designed the community. Shaw Construction is the general contractor on the project; Bow River Capital

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Revitalization of Former Mile High Greyhound Park on Track to Begin Q2 2019

COMMERCE CITY, CO— The former site of the Mile High Greyhound Park is set to become a vibrant, mixed-use area in the coming years, combining residential, retail/commercial, civic and educational spaces that will hopefully help revitalize Commerce City. The urban renewal plan was recently approved by the planning commission, Commerce City Urban Renewal Authority (CCURA) board and city

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transactions

Transactions Report Week Ending 07.06.18

Transwestern Brokers Sale of 70,887 SF Property in Colorado Springs Transwestern announced it brokered the sale of a 79,887-square-foot flex/research and development property at 4725 – 4755 Centennial Boulevard in Colorado Springs. The property was purchased for $3.95 million by Amerco Real Estate Co., an affiliate of U-Haul, which intends to occupy the building’s 32,226-square-foot

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Movers and Shakers

Movers and Shakers Week Ending 07.06.18

Cresa Welcomes Two Advisors to its Denver Office Cresa has welcomed advisors Brielle Drelickand and Rob Anderson to its Denver office. “For us, it’s all about finding the right people and with Brielle and Rob we’re confident we’ve done just that,” said Garrett Johnson, managing principal at Cresa. “As a growing firm, we’re looking for people

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Vibra Rehabilitation Hospital of Denver Now Open

THORNTON — Vibra Rehabilitation Hospital of Denver, a new medical rehabilitation hospital, is now open at 8451 Pearl Street in Thornton. The 31 bed medical rehabilitation hospital complements the already existing long-term acute care hospital and transitional care unit; the new hospital offers patients with neurological, orthopedic, and other injuries and illnesses access to specialized care and

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