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Transactions Report Week Ending 01.25.19

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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

Leave a Comment / Movers and Shakers /

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

Leave a Comment / Brokerage, Design, Development, Industrial, Office /

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

Leave a Comment / CRE People, Q&A /

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

Leave a Comment / Development, Events, Transit /

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

Leave a Comment / Development, Healthcare /

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

Leave a Comment / Construction, Education /

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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Survey of CRE Execs Reveals Acceleration of Tech Adoption

Leave a Comment / Investment, Technology /

Altus Group Limited (“Altus Group”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, recently released the latest Altus Group CRE Innovation Report. The report provides an outlook on technology trends impacting the global CRE industry and highlights the significant acceleration in adoption of property technology

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Multifamily Affordable Housing in Boulder Receives Financing

Leave a Comment / Affordable Housing, Architecture, Development, Multifamily /

BOULDER — KeyBank recently provided $50.4 million in total combined financing for a tax-exempt bond transaction to support the construction of Alexan Diagonal Crossing, a 105-unit garden-style apartment community that is income-restricted for families earning at or below 60 percent AMI in Boulder. Diagonal Crossing broke ground in June 2017 and is being developed on two

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Atlas Real Estate Group Announces New Employee Equity Ownership Plan

Leave a Comment / Brokerage, Investment, Property Management /

DENVER – Atlas Real Estate Group, a full-service realty group specializing in real estate investments, brokerage and property management, today announced the start of the company’s Employee Equity Ownership Plan. This new addition to the suite of Atlas employee benefits is introduced as the group continues to grow its presence throughout the greater Colorado area. Atlas is evolving

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