Mortenson Completes MOB at Candelas Community

A new 43,732-square-foot Class A medical office building is now open at the intersection of West 91st Place and Candelas Parkway in Arvada. The facility, anchored by SCL Health, will serve the growing Candelas master-planned community, providing convenient access to primary care physicians in a high-growth area of Arvada. Mortenson Development, …


The Laramar Group Expanding into Medical Office Sector

The Laramar Group, a leading national real estate investment and property management company with offices in Denver and Chicago, is actively investing for its Laramar Medical Properties Fund I, a closed-end fund investing in medical office and life sciences properties. Laramar Medical Properties plans to invest in targeted U.S. markets …


Pinkard Kicks Off Banner Health Emergency Department Renovation

Pinkard Construction recently began a renovation of the Emergency Department of Banner Health’s North Colorado Medical Center in Greeley. The 13,500-square-foot project consists of an update of emergency department finishes which will include replacing the countertops and refacing millwork at the nurse stations, wall protection throughout the corridors, replacing light fixtures, reworking lighting …


GE Johnson Celebrates Safety Milestone at St. Francis Medical Center

On Wednesday, January 26, GE Johnson celebrated over 300 days of zero injuries on the St. Francis Medical Center expansion and renovation project site. GE Johnson is the general contractor for the project and credits this safety milestone to the commitment of everyone on site to the safety culture. The …


Nonresidential Construction Spending Projected to Increase through 2023

According to a new report from the American Institute of Architects, the national nonresidential building sector is expected to see a healthy rebound through next year after failing to recover with the broader economy last year. The AIA’s Consensus Construction Forecast panel—comprising leading economic forecasters—expects spending on nonresidential building construction …


Construction Begins on MOB and Two Retail Buildings at Nine Mile Corner in Erie

Evergreen Devco, Inc., a leading retail and multifamily development company, recently broke ground on a UCHealth medical office building and a pair of multi-tenant retail buildings at the Nine Mile Corner mixed-use project in Erie, Colorado. Waner Construction Co., Inc., is the general contractor for all three buildings and G3 …


Denver-Based Choice Market to Launch Mini-Market on Anschutz Medical Campus

Denver-based Choice Market and Health Hospitality Partners (HHP), based in St. Louis, will bring the first retail market in a healthcare setting to the University of Colorado Anschutz Medical Campus. The mini-market and specialty kitchen will be geared toward on-the-go healthcare workers, students, faculty, and staff. “We couldn’t be more excited to …


20-Building Portfolio in Fort Collins Trades for $53.5M

Prospect Innovation Campus, a 20-building portfolio of R&D, office and industrial properties in Fort Collins, has sold for $53.5 million to Ogilvie Properties. The Campus is located on 30 acres at the southeast corner of E Prospect Rd and S Timberline Rd., two miles from Colorado State University, three miles …


MOB in Basalt Wins HREI Insights Award

Chicago-based Remedy Medical Properties recently won the 2021 HREI Insights Award for the Best New Medical Office Building of 50,000 to 99,999 square feet. Remedy’s winning project was The Steadman Clinic, a 62,768-square-foot orthopedic care clinic and ambulatory surgery center (ASC) in Basalt, in western Colorado’s Roaring Fork Valley. Peter Westmeyer, …


Hines Pledges to Increase Investment Focus on Life Science Sector

Hines recently outlined its plan to place a larger emphasis on investing in more life sciences sector opportunities. This market outlook is supported by the heightened focus the pandemic has placed on life sciences within the commercial real estate industry. According to CBRE, Denver is the tenth-largest U.S. life sciences market …