Financing Better Buildings with C-PACE

By Joel Poppert, managing director, Imperial Ridge Real Estate Capital In looking for ways to incentivize the creation of higher-performing buildings, states around the country have authorized programs like C-PACE, or Commercial Property Assessed Clean Energy financing, which allows property owners to borrow money from private investors for a variety of capital …


$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 …


D.A. Davidson Special District Group Closes $70M Bonds for Glendale Entertainment District

D.A. Davidson’s Special District Group has successfully priced and closed approximately $70 million of senior and subordinate bonds for Riverwalk Metropolitan District (MD) No. 2 in Glendale, for the development of Glendale Entertainment District, a master planned mixed-use retail, entertainment and commercial center located in the heart of downtown Glendale. The multi-million …


PACE Equity, New Buildings Institute Introduce New Financing for Low Carbon Buildings

PACE Equity and New Buildings Institute have introduced CIRRUS™ Low Carbon, a new form of financing for owners and developers to benefit from a differentiated cost of capital when they build a low carbon building. The program encourages owners/developers to use C-PACE financing with lower rates when they build more efficient buildings, …


T3 RiNo Financed with Green Construction Loan

Co-developers, Hines, Ivanhoé Cambridge and McCaffery, recently secured a $91M green construction loan for their T3 RiNo project. Construction of T3 RiNo began in November 2021 and is slated to be complete in fall 2023. The 235,000-square-foot office building is designed to meet the newest and most innovative standards of efficiency and …


Alpine Investments to Begin Construction of Six-Story Multifamily Project in Englewood

Developer Alpine Investments has received $24.9 million in construction financing for the development of a 119-unit, Class A, mid-rise apartment complex in the south Denver community of Englewood. JLL worked on behalf of Alpine Investments, to secure a $24.9 million30-month, floating-rate, non-recourse construction loan through a national bank, led by …


Knighthead Funding Provides $21.5M Loan for Class-A Office Building in Colorado Springs

Knighthead Funding LLC has provided a local investor operating as Columbia Victory LLC with a $21.5 million loan to refinance a newly-built Class A, 125,750-square-foot office building in Colorado Springs. The property is part of Victory Ridge, a 153-acre master development that includes retail, office, entertainment, and housing. Located at 10855 …


Chicago Developer to Begin Construction of 346 Units in Colorado Springs Opportunity Zone

Chicago-based developer Jackson Dearborn Partners (JDP) will soon begin the ground-up construction of Solace at Cimarron Hills, a 346-unit multifamily community in Colorado Springs composed of 10 individual buildings and spanning approximately 366,440 rentable square feet. The 28.8-acre site is ideally located on the east side of the rapidly growing MSA …


Newly Constructed Multifamily Property in Wheat Ridge Sells to Seagate Colorado Partners

Seagate Colorado Partners, LLC, a seasoned, creative real estate investment company focusing its energies in urban and suburban areas in the Western United States, has purchased the newly constructed Outlook Clear Creek, a 310-unit multifamily property in Wheat Ridge, for an undisclosed sum. Seagate purchased the property from Evergreen Development. …

Belleview Station Denver

Piper Sandler Secures Financing for Public Infrastructure Needed to Build More Than 50,000 Homes in Colorado

In the past year, Piper Sandler’s Special District Group has secured financing for public infrastructure that will lead to the construction of more than 50,000 new homes across the state of Colorado. The homes include a mix of single-family detached homes and multi-family housing units, as well as more than 2,300 acres of parks and …