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 …


Demand for New Lab Space More Than Double Available Supply in Denver

Demand for new life sciences lab space is outpacing speculative construction, according to a new CBRE report on the booming U.S. life sciences market. In the Denver-Boulder area, over 35 tenants are seeking nearly 1.5 million square feet of lab space, compared to a construction pipeline of 635,000 square feet. Voracious …


Vertix Builders Completes X-Ray Replacement Project for Vail Summit Orthopedics and Neurosurgery in Frisco

Vertix Builders, a culture-focused construction company, announced that the company has successfully completed an X-Ray replacement project for Vail Summit Orthopedics and Neurosurgery in Frisco. This latest project continues Vertix’ focus on bringing top-quality healthcare construction services to the mountain communities of Colorado. This specialized X-Ray upgrade included updated lead …


Unico Welcomes Two New Tenants to Cherry Creek North

Unico Properties LLC, a subsidiary of Unico Investment Group LLC that has been acquiring, managing and developing commercial properties in Colorado for more than 15 years, recently secured long-term leases with Mason’s Famous Lobster Rolls and Kindbody at its 2nd and Josephine property in Denver’s Cherry Creek North. “Cherry Creek …


Norvin Healthcare Properties Buys Hospital in Golden

The Post Acute Medical Rehabilitation Hospital, located at 600 Golden Ridge Road in Golden, has sold to Norvin Healthcare Properties, for an undisclosed price. The approximately 60,000-square-foot inpatient rehabilitation facility is fully leased to Post Acute Medical (PAM). PAM is currently completing a $4.25 million renovation of the building, which will …