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Patriot Park Apartments in Colorado Springs Receive $33M Construction Financing

Leave a Comment / Brokerage, Multifamily /

COLORADO SPRINGS — Developer Goodwin Knight has received construction financing in the amount of $33.3 million, for Patriot Park Apartments, a 258-unit market rate multifamily project located on 8.8 acres just north of Platte Avenue and west of Powers Boulevard in Colorado Springs. Patriot Park Apartments will contain 258-luxury apartments across five buildings, varying between three and four

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8% Increase in Flexible Workspace Supply in Denver

Leave a Comment / Office, Reports /

DENVER — Supply of flexible office space has increased by 8 percent in Denver as businesses of all sizes look to secure agile office space in prime locations, according to a report by Instant Offices. Significant demand for serviced offices, and in particular hybrid space, has seen average desk rates become highly competitive across the

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Ten AGC of Colorado Firms Honored at the 20th Annual Construction Safety Excellence Awards

Leave a Comment / Awards, Construction, Engineering, Events /

DENVER — Ten Associated General Contractors of Colorado (AGC/C) member firms were honored as National Finalists at the 20th Annual Construction Safety Excellence Awards (CSAE), that took place April 3, 2019 at AGC of America’s 100th Annual National Convention in Denver. These awards recognize AGC Members who have developed and implemented premier safety and loss prevention

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Plans to Improve the 16th Street Mall Take Shape

Leave a Comment / Development, Events, Retail, Senior Housing, Transit /

DENVER — The City and County of Denver, the Federal Transit Administration, Regional Transportation District (RTD), Downtown Denver Partnership, and Downtown Denver Business Improvement District (BID) announced this week the next step toward improving the 16th Street Mall, one of the city’s most critical economic engines and vital public spaces. Over the past 37 years,

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Colorado Springs Office Building Occupied by Booz Allen Hamilton Sells for $9.15M

Leave a Comment / Brokerage, Office /

COLORADO SPRINGS – A Class A two-story 51,770-square-foot office building located at 745 Space Center Drive, currently occupied by Booz Allen Hamilton Inc., an American management and information technology consulting firm, was sold on April 12 for $9,150,000, or $177 per square foot, to a private individual. Aaron D. Johnson and Jon D. Hendrickson, managing directors, of

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Newly Renovated Shopping Center in Colorado Springs Sells for $2.085M

Leave a Comment / Brokerage, Retail /

COLORADO SPRINGS — 3730-3770 Astrozon Boulevard, a 18,410-square-foot newly renovated neighborhood shopping center in Colorado Springs, has sold for $2,085,000 at an 8.22 percent cap rate. The seller, a private investor in this transaction, was represented by Cory Gross, vice president Investments, and Jake Shirek, associate located in Marcus & Millichap’s Denver office. The buyer was

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Haselden Construction Wins National Safety Excellence Award

Leave a Comment / Awards, Construction /

CENTENNIAL – Haselden Construction recently won the Associated General Contractors of America (AGC) Willis Towers Watson Construction Safety Excellence Award. The company, which at the time of application had more than 500 employees who worked more than one million man hours on jobsites in Colorado and Wyoming in 2018, competed against construction companies nationwide of similar or larger

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Northstar Commercial Partners Launch New $125M Investment Fund

Leave a Comment / Development, Investment /

DENVER — Today, Northstar Commercial Partners announced the launch of their $125 million Northstar Integrity Growth Fund (the “Fund”), in partnership with Integrity Trust of Colorado Springs. The Fund is a REIT under a 506(c) designation, which is an evergreen fund focusing on 75 percent value-add, and 25 percent cash-flowing commercial real estate investments in primarily

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Construction Underway on New Downtown Denver Health Urgent Care

Leave a Comment / Development, Healthcare /

DENVER — Late this summer, Denver Health will open a new Urgent Care facility at 1545 California St., just off the 16th Street Mall, to meet an increasing demand for services in the downtown area. Downtown Denver and its central business district have seen exponential growth. The residential population has tripled since 2000, with a

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Getting Uncomfortable with Sustainability

Leave a Comment / Architecture, Development, Energy, Feature /

By Drew Allen, AIA, project architect at Perkins + Will and chair of the AIA Colorado Member Voice Committee What does a sustainable building look like? Solar panels, green walls, LED lightbulbs, and plenty of recycling and compost bins probably come to mind. At this point, these strategies are effective and often common practice or required mandates from

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