Author name: milehighcre

CBRE Releases Q3 Reports for Office, Industrial and Retail

DENVER — CBRE  just-released Q3 reports for metro Denver’s office, industrial and retail sectors. Denver Office, Q3 2017: New deliveries spark record high lease rates The Denver office market reached new heights in Q3 2017 as direct average asking lease rates climbed 3.0% year-over-year to $26.38 per sq. ft. full service gross (FSG), a record high. Direct vacancy tightened 25 basis

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Griffis Residential Closes $407M Private Real Estate Investment Fund

Griffis Residential, a Denver-based multifamily investment and management firm, recently announced the final closing of its fourth private equity real estate investment fund, Griffis Premium Apartment Fund IV (“Fund IV”), with $407m in capital for investment in high-quality apartments. To date, Fund IV has acquired four apartment communities comprising 1,475 units in the Austin, Seattle,

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Luxury Apartment Community in Cherry Creek Trades for $141.5M

DENVER – A Class AAA+ Cherry Creek property that offers “ultra” amenities and spectacular mountain views has traded for $141.5 million. ARA, A Newmark Company (ARA Newmark) just announced the trade of the 12-story, 218-unit Steele Creek apartments in the exclusive Cherry Creek neighborhood. The mixed-use property’s location and unmatched views of the mountains and city skyline, along

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Trimble Westminster

Trimble Begins Construction on Campus Expansion, Westminster

DENVER – Trimble has begun construction on a second building in Westminster with the capacity to accommodate over 1,100 workers. Scheduled for completion in late 2018, the Westminster campus will be Trimble’s largest employment center and will continue to serve as a central business hub for several of Trimble’s core market segments including agriculture, construction and geospatial. The

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Haselden North Regional Office Opening

Haselden Construction Opens North Regional Office, Fort Collins

DENVER – Haselden Construction’s new 1,750 square foot North Regional office, located at 330 S. College Avenue in Fort Collins, currently houses half a dozen team members with the ability for more to use the space depending on project load. “We’ve worked in this area for decades,” said Haselden Vice President and Fort Collins native Derek Oliver.

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The Hummus & Pita Co.

The Hummus & Pita Co. Signs New Multi-Unit Franchise Deal in Denver

View here The Hummus & Pita Co., known for its homemade, fresh and healthy Mediterranean cuisine, has announced the sale of a five-unit franchise expansion into the Denver market. The company signed the franchise deal with Rachid Elmrini, an experienced full-service restaurant operator and commercial real estate investor. Founder and President Janice Axelrod opened the

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transactions

Transactions Report Week of 10.02.17

CBRE COMPLETES $41.1 MILLION SALE OF LAMPLIGHT SQUARE APARTMENTS IN COLORADO SPRINGS CBRE announced today that they recently completed the $41.1 million sale of the 280-unit multifamily community Lamplight Square, located at 6236 Twin Oaks Drive in Colorado Springs, Colorado. Dan Woodward, David Potarf, Matthew Barnett and Jake Young with CBRE Capital Markets, Denver Multifamily Investment Properties, represented the seller,

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The MILL National Training Center Addresses Skilled Labor Shortage

By Sue Rose The MILL National Training Center opened this month in a 46,600-square-foot factory renovated by RTA Architects near the Colorado Springs Airport. This first-of- its-kind training center is preparing high school students, college students, active military, and Wounded Warriors for lucrative careers in the skilled trades. There are also programs for industrial arts teachers and administrators to bring

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