Finance

Lee and Associates Research has just released a new report titled Effects of Changing Tax policy on Commercial Real Estate that examines the Biden administration’s proposal to nearly double the capital gains tax for people who make more than $1 million a year. The plan will tax capital gains at …

To help bridge a financing gap caused by the COVID-19 pandemic, developer Highland Development Co. has secured $9.3 million in financing for Signalmen Apartments, a 52-unit multifamily project in Denver’s West Colfax neighborhood. Tributary Capital arranged an $8 million construction loan through First Western Trust with a 75% loan-to-cost ratio and provided $1.3 …

CBRE recently secured construction financing for Fox Iron Works, a planned 385-unit, transit-oriented multifamily development in Denver’s Globeville neighborhood. Brady O’Donnell and Jill Haug of CBRE in Denver originated the non-recourse construction loan on behalf of the borrower, a partnership between RangeWater Real Estate and Marble Capital. Craine Architecture, Inc. is …

Confluent Development has secured a $20 million construction loan to build Central Park Business Center, a speculative infill industrial business park that will be located at the intersection of Interstate 70 and Central Park Boulevard. As one of the few undeveloped infill sites left in Denver, the project is poised to generate significant interest …

Developer, Phil Day of PMD Realty has received construction financing for the redevelopment of 1102 Pearl Street, in Boulder. The 3-story mixed-use project will consist of 17,961 rentable square feet, featuring ground floor retail, office use on the second floor, and luxury multifamily rental units on the third floor. The corner development …

Cypress Real Estate Advisors (“CREA”) has received $67 million for the construction of The Cameron, an upscale apartment community located at 4545 E. Warren Ave. in Denver. The Cameron will be a five-story, 361-unit wrap property, consisting of 30 studio, 239 one-bedroom and 92 two-bedroom apartments. Led by Denver-based Principal Chase Hill …

UMB Bank and Bank of Colorado today announced the origination of the credit facility for the construction of the McGregor Square project. Principal Owner of the Colorado Rockies, Dick Monfort, strategically made the decision for Bank of Colorado and UMB to be equal lead funders of the project because both banks know …

DENVER — CBRE Capital Markets’ Debt & Structured Finance team has arranged an $83.2 million loan for the newly developed Solana Olde Town Station, a 352-unit multifamily property near Denver. Bill Chiles, Scott Peterson, Morgon Fraser and Brian Cruz of CBRE’s San Diego office secured the Freddie Mac debt on behalf …

DENVER — Lever Energy Capital, a Denver-based Commercial Property Assessed Clean Energy (C-PACE) financier, has officially launched one of the largest dedicated C-PACE ventures in the country, and the only one in Colorado. The company now has the ability to originate up to $500 million in C-PACE financings for sustainable commercial real estate. C-PACE financing …

DENVER – CBRE announced that it recently completed the $23.4 million sale of the newly constructed, 82-unit 1515 Flats multifamily development located at 1515 Vrain Street, just south of Sloan’s Lake in Denver. CBRE’s Dan Woodward, David Potarf and Matthew Barnett represented the seller, Vrain Street Investments of Denver. The …