CREW Denver Holds Mid-Year Economic Forecast
On July 14 CREW Denver held its Mid-Year Economic Forecast and happy hour at the University of Denver Knoebel Events Center. Patty Silverstein, president and chief economist of Developmental Research Partners, gave her economic forecast for 2021 which included trends in the commercial real estate and construction industry. Silverstein shared a …
Common Questions About Commercial Solar Energy
By John Shaw An increasing number of businesses are boosting cash flow while also differentiating their business. They are investing in solar to capture waning tax benefits, reduce operating expenses (OpEx), and meet environmental, social and governance (ESG) criteria. Navigating the complexities of a solar capital energy improvement can be challenging, so we’ve …
PMG and Greybrook Realty Partners Acquire 123 Speer Blvd for $35M
A joint venture between national investment, development, and asset management firm PMG and Toronto-based private equity and asset management firm Greybrook Realty Partners, announced last week that they have purchased the Denver7 building on the 2.3 acre site at 123 Speer Blvd. for $35 million. PMG and Greybrook will develop Society …
Groundbreaking: Parterre Master-Planned Community in Thornton
Hines and partner Trez Capital have broken ground on Parterre, a new master-planned community in Thornton that will include for-sale single family, paired homes and multifamily units, as well as a mix of commercial and retail uses. Spanning across nearly 800 acres, the development will feature nearly 3,000 residential homes …
Local Developer Receives $50M Construction Financing for Broomfield Apartment Project
Boulder-based developer Mountain View Capital has received a $50 million construction loan for the development of Polaris Wadsworth Station Apartments, a 276-unit, to-be-built, luxury, garden-style multi-housing community in Broomfield. Senior Director Kristian Lichtenfels with JLL represented Mountain View Capital, in arranging a five-year, floating-rate loan with a national bank. With an …
Alliance Construction Solutions Breaks Ground on Stanley Residential
Alliance Construction Solutions (Alliance) has broken ground on Stanley Residential—a collaboration between Westfield, Shears Adkins Rockmore (SAR+), and Alliance. The 190,000-square-foot project, located just south of Stanley Marketplace in Aurora, will provide two 4-story buildings and include 168 Class A apartments with a boutique approach to amenities targeting the workforce housing …
New Construction Company Forms in Colorado Springs
Saunders Construction and Norwood Development Group have formed a new construction company—Saunders Norwood Construction (SNC)—focused solely on building within the Pikes Peak Region including the counties of El Paso, Teller, Fremont, Pueblo. Headquartered in Colorado Springs, SNC will offer construction management, general contracting and design-build services for commercial, institutional, K-12 and …
ABC RMC Names New President
Associated Builders and Contractors Rocky Mountain Chapter (AMC RMC) announced today that Ann Guiberson has been named president and CEO of the chapter. “ABC Rocky Mountain is pleased to welcome Ann to lead the chapter staff, members and merit shop throughout the state,” said Kelly Eustace, chair, ABC Rocky Mountain Chapter. …
Pepsi Proposes Bottling Plant Near DIA
PepsiCO is planning to build a large scale bottling facility near the intersection of Tower Road and Pena Boulevard, according to a “large development review” document submitted to the City of Denver. Pepsi Co, Inc. and its affiliate, Bottling Group, LLC is under contract to purchase the 148 acres, currently owned …
Groundbreaking: Phase 2 Great Hall Project
Phase 2 of Denver International Airport’s Great Hall Project broke ground earlier this month. The primary focus of Phase 2 is to enhance security by relocating the security checkpoint at the south end of Level 5 to the northwest corner of Level 6 in the northwest corner of the Jeppesen Terminal. Denver International …