Author name: milehighcre

Crescent Acquires Large Office Portfolio in Colorado Springs

COLORADO SPRINGS — Crescent Real Estate LLC (Crescent), a real estate operating company and investment advisor, has acquired the Patriot Portfolio, a 1.02 million-square-foot office portfolio in Colorado Springs that consists of 13 Class A office buildings in two submarkets. Five buildings are in the North I-25 submarket and eight buildings are in the Airport submarket. The Patriot […]

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Westfield Company Purchases 45-Acre Denver Infill Site

DENVER – A 45-acre site marketed as “Denver’s Last Mile,” located on the northwest corner of Pecos Street and West 56th Avenue in central Denver has sold. Westfield Company, Inc. a Denver-based real estate investment, development and management company, purchased the land from Rocky Mountain Prestress for $40.71 million, according to Denver County public records. “This location is one of

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Movers and Shakers

Movers and Shakers Week Ending 12.07.18

Cresent Hires New Vice President Crescent Real Estate LLC (Crescent) has hired Michael P. “Mike” Bannon as vice president for the Fort Worth and Denver-based real estate operating company and investment advisor. Bannon, whose experience ranges from operating assets to development, will initially be responsible for Crescent’s Colorado Springs operations including a recently purchased office

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transactions

Transactions Report Week Ending 12.07.18

Expansive, 512-Unit Value-Add Property in Lakewood Sells for $143.5M Newmark Knight Frank Multifamily announced the sale of Ashford Belmar, a 512-unit, value-add asset in the retail destination of Belmar in Lakewood. The property sold for $143.5 million, marking the largest multifamily transaction in the Denver area so far this year. Vice Chairmen Shane Ozment and Terrance Hunt represented

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Q&A with Jim Ciesla, President & CEO at Brinkman Construction

By Liz Gibbons Jim has been in the construction industry for 21 years. Prior to moving to Colorado, he spent seven years working for a national design-build development and construction company in Phoenix, Ariz., where he managed development and construction projects from initial design concepts through construction completion. He has been with Brinkman Construction for the company’s 13-year-history

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PCL Construction_Monarch Hotel_Black Hawk CO

Topping Off: Monarch Hotel and Casino in Black Hawk

DENVER – PCL Construction recently topped-off the 23-story Monarch Hotel and Casino in Black Hawk. With completion scheduled for August 2019, the team is working diligently to finish construction of the exterior and interior spaces. The hotel tower will include five lower levels of casino gaming, restaurants, hotel administration and lounges. Levels six and higher will

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Etkin Johnson Expands CTC Portfolio with Delivery of Two Buildings

LOUISVILLE — Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and development company based in Colorado, has completed the new 109,386-square-foot FedEx distribution center at 2035 Taylor Avenue as well as a 136,610-square-foot speculative industrial/flex building at 700 Tech Court in the Colorado Technology Center (CTC) in Louisville. “The addition of

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Xcel Energy Aims for Zero-Carbon Electricity by 2050

DENVER — Xcel Energy, Colorado’s largest electric utility, announced on Tuesday, its ambitious goal to deliver 100 percent carbon-free electricity to customers by 2050. As part of this vision, the company also plans to reduce carbon emissions 80 percent by 2030, from 2005 levels in the eight states it serves. “This is an extraordinary time to

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New Project: Atlantis Apartments

DENVER — The Atlantis Community Inc. (ACI), a non-profit organization that advocates for people with disabilities, is developing a new TOD community that will cater to Denver’s disabled community. Located two blocks from the Alameda light rail station in the Baker neighborhood of Denver, the Atlantis Apartments will consist of 60 one- and two-bedroom units that are Universally

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Retailers to Combine Online, In-Store Shopping this Holiday Season, says CBRE

DENVER – Retailers this holiday season will double down on strategies to draw online shoppers into stores, reward their loyalty in new ways and ensure that toys are available at every turn, according to a new report from CBRE. CBRE’s annual Holiday Retail Trends Guide found a common theme connecting several of the strategies prepared by retailers for

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