Author name: milehighcre

Construction Timeline: DIA Great Hall Renovation

DENVER — Construction is underway at Denver International Airport (DEN) for a three and a half-year renovation project of the Great Hall — the area under the tents of the airport’s Jeppesen Terminal, which encompasses 1.5 million square feet — that will enhance security, provide a more flexible and open airline check-in space and add new dining and

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Colorado’s Largest Hotel Acquired by New Ownership Group

DENVER – Sheraton Denver Downtown Hotel, the largest hotel in Colorado is under new ownership. A joint venture between High Street Real Estate Partners (Atlanta, Ga.) and Eagle Four Partners (Newport Beach, Calif) closed on September 28 for an undisclosed price. The new ownership group is developing a major renovation plan for the hotel including both guestrooms and

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Denver Office Market Absorption Slows, Says Savills Studley

DENVER — Savills Studley, the leading global commercial real estate services firm specializing in tenant representation, has released its 2018 Q3 Denver edition of the Savills Studley Office Market Report. The quarterly report is an in-depth compilation of office leasing statistics and trends, major transactions, submarket comparisons, employment data, and investment and development activity. “Some

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Northstar Commercial Partners CEO Says He’ll Keep His Current Job if Elected Colorado Treasurer

Brian Watson, Republican candidate for Colorado Treasurer, has promised not to take a state pay check if elected. Instead he says he will continue as chairman and CEO of his company, Northstar Commercial Partners, as he has a fiduciary responsibility with his current investors. Jane Feldman, former executive director of the Colorado Independent Ethics Commission and

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transactions

Transactions Report Week Ending 10.05.18

HFF Announces $8.6M Acquisition Financing for New Retail Center in Fort Collins Holliday Fenoglio Fowler, L.P. (HFF) announced $8.6 million in acquisition financing for Harmony Commons, a 25,701-square-foot, fully leased, newly constructed retail strip center in Fort Collins. The HFF team worked on behalf of the borrower, Urban Villages, LLC and Larimer Associates, LLC, to place

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Glendale Apartment Community Sells for $93M

DENVER – Esprit at Cherry Creek, a multifamily community located at 5001 East Mississippi Avenue in Denver’s Glendale/Cherry Creek neighborhood has sold for $93 million. Espirit was built in 1974 and consists of 561 one and two-bedroom unit apartments across nine rental buildings. Dan Woodward, David Potarf and Matthew Barnett with CBRE represented the seller, a joint venture

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Kevin Taylor Adding Second Restaurant to ARISTA, Broomfield

BROOMFIELD – Kevin Taylor Restaurant Group (KTRG) will open its second restaurant at the Arista Broomfield mixed-use development in late 2018. KTRG’s latest concept will be named Masa Cocina Mexicana and occupy the 3,200 square feet endcap space of 8181 Arista Place. Under the direction of Executive Chef/Partner Frank Blea, as well as Chef/Partner Ryan Taylor,

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OZ Architecture to Receive Innovation by Design Award

DENVER – RiNo-based OZ Architecture has been recognized by Fast Company — a progressive business media brand, with a unique editorial focus on innovation in technology, leadership, and design — as a finalist in its annual Innovation by Design Awards for 2018, in the Spaces, Places and Cities category for its design and master plan of the new McMurdo Station in Antarctica.

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Groundbreaking: Legacy Ballroom, Westin Westminster

WESTMINSTER – The Westin Westminster recently broke ground on the new Legacy Ballroom that will add an additional 10,000 square feet of flexible event space when it opens in Spring 2019. The new ballroom will feature 18 foot high ceilings and can be used for events for up to 1,000 people, adding to the hotel’s existing meeting space

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