Author name: milehighcre

More Self-storage Facilities Planned for Metro Denver in 2019

According to an article in the Denver Post, Denver is projected to remain a strong market for self-storage in 2019. According to to data and analytics firm STR, thirty-seven self-storage facilities opened in the 10-county Denver metro area in 2018, bringing the total operating today to 339. There are also eight more facilities already under construction […]

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City Releases Updated Denveright Draft Plans

DENVER – The City and County of Denver recently released updated versions of the draft Denveright plans to guide development, parks, and mobility options for a more inclusive, connected and healthy city over the next 20 years. More than 2,700 residents provided comments on the five plans during the review period. They expressed support in key

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Colorado’s Largest Industrial Portfolio Sells for $247.5M

DENVER — Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and development company based in Colorado, has sold its 1.95-million-square-foot Colorado Industrial Portfolio (CIP) to Berkeley Partners for $247.5 million. The sale marks Berkeley Partners’ first acquisition in the Colorado Market. “Bruce Etkin and David Johnson’s visionary assemblage of this portfolio nearly

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Transactions Report Week Ending 01.25.19

13-Building Office Portfolio in Colorado Springs Sells for $102.5M Crescent Real Estate LLC has purchased a 13-building office portfolio in Colorado Springs for $102.5 million. Holliday Fenoglio Fowler, L.P. (HFF) worked on behalf of Crescent Real Estate LLC, to secure the five-year, floating-rate acquisition loan through Bank of America Merrill Lynch. The 1,020,551-square-foot suburban office portfolio

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Movers and Shakers

Movers and Shakers Week Ending 01.25.19

Brown Palace Appoints New Director of Sales and Marketing The Brown Palace Hotel & Spa, has appointed Ann Sutherland Lynchas Complex director of sales & marketing of the 241-room iconic landmark and the adjacent 231-room Holiday Inn Express Denver Downtown, part of The Brown Palace hotel complex. In this role, Ann will generate maximum revenue through developing and executing strategies that foster

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$7.8M Purchase Positions Workplace ELEMENTS for Long-term Growth

DENVER — Workplace ELEMENTS, LLC, a full-service enterprise providing progressive furniture and architectural products, has purchased a 14,600-square-foot adaptive reuse building located at 2495 Blake St. in Denver’s Ballpark Neighborhood. Andy Cullen and Ryan Arnold of Tributary Real Estate, a fully integrated brokerage, development and investment firm based in Colorado, represented Traci Lounsbury, principal of Workplace ELEMENTS, LLC. The seller and

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Q&A with Matt Magrann PROJEX Co-Founder & CEO

By Liz Gibbons Co-founded in 2017, PROJEX is a certified Teknion furniture and architectural wall dealer in Denver. As a former collegiate athlete, Co-Founder and CEO Matt Magrann brings a high-energy level, competitiveness and positive attitude into everything that he does. Amongst an impressive network, he possesses a fire and a passion for his work that

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Century Communities Announces Two New TOD Townhome Communities in Lakewood

LAKEWOOD — Century Communities, a leading national home builder, announced this week it will deliver two new townhome communities—designed for today’s urban lifestyle. Both communities have been specially designed for an urban lifestyle, close to light rail stations in Lakewood.. Oak Street is a new neighborhood developed with seven new townhome floorplans starting in the low $300s.

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Outpatient Medical Centers on the Rise as U.S. Rents Reach Record High

DENVER – A recent report from CBRE shows that the U.S. outpatient care center sector has grown robustly in recent years as asking rents for medical office buildings continue to rise and health systems seek to provide a better patient experience at a lower cost. The U.S. average asking rent reached its highest level on record in Q2 2018,

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Haselden Construction Breaks Ground on Broomfield High School Expansion

BROOMFIELD – Haselden Construction recently broke ground on the expansion of Holy Family High School in Broomfield. The 34,000-square-foot expansion will include eight new classrooms, a fitness center and auxiliary gym with expanded locker rooms, and an enlarged cafeteria, allowing the school to grow from 690 students to 800 students. “As the current stewards of Holy Family, it’s

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