Author name: milehighcre

Denver Rock Drill Set to be the Finest Example of Industrial Adaptive Reuse

By Katie Rapone When the one-of-a-kind development Denver Rock Drill breaks ground in the fourth quarter of 2019, the vibrant new mixed-use community will both preserve and revitalize two city blocks — a 700,000-square-foot site in Denver’s historic Cole neighborhood. Not only will the development include 550,000 square feet of brand-new ground-up development — comprised of 150,000 […]

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Transactions Report Week Ending 03.01.19

Marcus & Millichap Announces Sale of Almost 69,000-SF Office Building in Lakewood Marcus & Millichap, a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Academy Center, a 68,717-rentable-square-foot, four-story office building located at 7175 West Jefferson Avenue in Lakewood. The seller, a private investor

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Movers and Shakers

Movers and Shakers Week Ending 03.01.19

St. John Properties, Inc. Appoints Brandon Jenkins, Regional Partner – Colorado St. John Properties, Inc., a Baltimore-based full-service commercial real estate development and investment company, has appointed Brandon Jenkins, regional partner – Colorado. Brandon has worked for the company since 2014 and completed the four-year Partner-in-Training Program that teaches individuals every aspect of the commercial real estate

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Strava Signs Lease in LoDo, Commits to Growing Workforce

DENVER — Strava Inc., a popular app and social network for endurance athletes that has been working hard since January 2018 to grow its presence in Denver, has signed a new lease at at 1444 Wazee St., also known as the Elephant Corral building. The San Francisco-based social network for athletes is reaffirming its commitment to

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NAIOP 2018 Awards of Achievement

DENVER — Mardis Gras was this years theme for the 2018 NAIOP Awards of Achievement, held on February 20, in celebration of the Denver commercial real estate community’s “work hard, play harder” motto. Chief Development Officer and Co-Founder of Confluent Development Celeste Tanner, hosted the event, who was born and raised in Louisiana. With more than 660

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SMPS Colorado Marketing Excellence Awards, March 7th

DENVER — SMPS Colorado will be celebrating the achievements of Colorado’s top AEC firms and professionals at the chapter’s Marketing Excellence Awards event Thursday, March 7, from 6 to 9:30 p.m. The awards allow the chapter to recognize excellence in marketing communications by professional services firms in the design and construction industry. The event’s committee chair, Samuel Leuck

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Continued Cap Rate Stability Expected in H1 2019, Predicts CBRE

DENVER – Strong economic growth, abundant capital, and a favorable supply and demand environment led to broadly stable capitalization rates for U.S. commercial real estate assets in the second half of 2018, according to the latest research from CBRE. The CBRE North America Cap Rate Survey provides insights on movements for the major property asset classes. Cap rates remained generally unchanged

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Luxury Senior Housing Project Coming to Cherry Creek

DENVER – JLL’s Capital Markets team has secured $54 million in joint venture equity financing for Solterra Senior Living to construct a new independent care living facility on Alameda and Colorado Boulevard in Cherry Creek. Construction is expected to begin in Q3 2019. Solterra Cherry Creek will set a benchmark for senior housing and services, attuned with the lifestyle

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Northstar Commercial Partners Sells Denver Office Building

DENVER — Northfield Business Center office building in Denver’s Stapleton sold for $4.33 million on February 20, 2019. The property owned and developed by Northstar Commercial Partners, was originally bought as a strategic value-add play in 2015. The building, located at 12000 East 47th Ave., was approximately 29.6 percent leased upon acquisition, and after improving the property and leasing the majority

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Denver’s Fox Island Rezoned for Eight Floors

View here The Denver City Council has unanimously approved rezonings for two sites on Elati Street and Delaware Street, also known as Denver’s “Fox Island,” near the 41st and Fox rail station, which will serve the G Line. Zoning will now allow for construction up to eight floors for residential and commercial uses on the vacant industrial lot.

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