$101.3M Financing Arranged for New Thornton Industrial Project
JLL Capital Markets has arranged a $101.3 million loan to refinance and complete the construction of 25 North, a 936,775-square-foot industrial complex with three newly constructed and six to-be-built buildings in the Denver-area community of Thornton. JLL worked on behalf of the borrower, a joint venture between two experienced industrial …
National Western Center Launches Largest Wastewater Heat Recovery System in the USA
The National Western Center (NWC) and its partner EAS Energy Partners (EAS) today held a ribbon-cutting event to celebrate the completion of the largest wastewater heat recovery system in the United States. The NWC campus will source nearly 90 percent of its heating and cooling from a recycled source of thermal energy …
Rider Levett Bucknall Report: New Challenges Impacting the Construction Industry
International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide an on-the-ground picture of construction activity in 14 key North American markets and data-driven insights into the industry. While the surge of the COVID-19 Omicron …
Denver’s Largest Class A Office Project Breaks Ground this Week
This Thursday, April 21, Riverside Investment & Development Company in partnership with Convexity Properties and Canyon Partners Real Estate will officially break ground on 1900 Lawrence, a Class A trophy office tower in downtown Denver. The 30-story project, totaling over 700,000 square feet of office space and 10,000 square feet of …
Construction Begins on 62-Unit Affordable Senior Community in Virginia Village
A new affordable senior living community has begun construction in Denver’s Virginia Village neighborhood through a joint venture between local real estate development firms Lexton McDermott and Kentro Group. Scheduled for completion by the end of this year, Lynwood Senior Apartments was designed by Lewis Himes Associates and the project’s general …
Encore Electric Celebrates New Prefabrication and Tool Center with Ribbon Cutting Ceremony
On Thursday, April 7, 2022, Encore Electric officially opened its new Prefabrication and Tool Center in Aurora with a ribbon-cutting ceremony. In attendance was City of Aurora Mayor Mike Coffman, as well as other key representatives of the City of Aurora, Aurora Chamber of Commerce, customers, and partners. “Thank you for thinking of and investing …
16th Street Mall Renovation Breaks Ground
On Thursday, April 14, the City and County of Denver officially kicked off the renovation of the 16th Street Mall to ensure downtown’s main street remains a destination that Denver residents and visitors can enjoy for decades to come. The project will address deteriorating infrastructure to improve safety and mobility, …
Mile High Trendy Office: Udemy in Denver’s LoDo
The days of dull cubicle spaces are long gone for Udemy. Their new modern office has been refreshed! Udemy, the global marketplace for learning and teaching online, has an office nestled in the heart of Denver’s LoDo neighborhood, located at 1860 Blake Street Denver, in a historic building constructed in …
Denver’s Industrial Market Begins the Year on a High Note
According to Newmark’s Q1 2022 Denver Industrial Market report, Denver’s industrial market exhibited moderated levels of expansion for the first quarter of 2022, with an absorption of 1.1 million square feet. Although down from the previous quarter due to far fewer build-to-suit buildings being delivered, market-wide absorption was still up 44.4% year-over-year. Most of this …
Crescent Communities to Break Ground on Third NOVEL Project
Crescent Communities and Oxford Properties Group (“Oxford”) wil break ground later this month on new multifamily community in Uptown Denver. Located at 1557 North Logan Street, NOVEL Uptown will be just a few blocks from Denver’s bustling business district in a unique position between the historic Uptown and eclectic East Colfax neighborhoods. …