U.S. Real Estate Market Shows Stability as Preferred Global Destination for Investment
AFIRE, the association for international real estate investors focused on commercial property in the United States, has released its AFIRE International Investor Survey: Q1 2023 Pulse Report, underwritten by Holland Partner Group. The survey, conducted in early 2023, captures the view of institutional investors, who continue to see the U.S. …
Owner of Blake Street Tavern Submits Plans for 300 Apartments on Blake Street
Following the announcement that downtown Denver’s beloved Blake Street Tavern will close on April 9, its landlord, Seattle-based Urban Renaissance Group is planning to add almost 300 apartments on the parking lots adjacent to the bar. That’s according to a formal site development plan recently submitted to the City and County …
Denver Funds Land Acquisition for 190 Affordable Apartments
More affordable housing is on the horizon for Denver’s La Alma-Lincoln Park neighborhood thanks to development financing provided by the Department of Housing Stability (HOST). Denver City Council today approved a $5,557,500 agreement with Shanahan Development, LLC, utilizing American Rescue Plan Act (ARPA) funds to help support the acquisition of …
Two Newly-Renovated Multifamily Properties in Colorado Springs Sell for $74.1M
Two newly-renovated multifamily communities, Park at Penrose and Park at Palmer, in Colorado Springs, have sold for a combined $74.1 million. Park at Penrose with 374 units, and Park at Palmer with 112 units, are located at 3802 and 3903 Half Turn Road, situated along N. Academy Boulevard near Austin …
DMCAR Pays Tribute to CRE “Heavy Hitters” Including Broker of the Year
On March 16, DMCAR honored its top commercial real estate producers of 2022 at the association’s annual Heavy Hitters Awards. In addition, the association honored its Broker of the Year and introduced the inaugural winner of its DMCAR Project of the Year award, as well as office, retail and industrial deals of …
Mile High Q&A: Jaymes Kralicek, Project Executive, The Opus Group
Jaymes Kralicek, project executive with The Opus Group, oversees a portfolio that typically includes large and complex projects. His responsibilities include leading the sales and marketing, negotiations, design, and construction processes on projects. He also has primary accountability for communicating with external clients, partners and vendors. Jaymes holds a Bachelor of Science in …
Award-Winning Filipino Restaurant to Open at NOVEL RiNo
Developer Crescent Communities, in partnership with Dart Interests and The Culinary Creative Group, will bring a concept from Chef Carlo Lamagna, a 2022 James Beard Finalist for Best Chef: Northwest and Pacific and one of Food & Wine’s Best New Chefs 2021, to NOVEL RiNo, a 483-unit mixed-use apartment community …
Embrey to Build 283-Unit Apartment Community on Leetsdale Drive
San Antonio-based Embrey, a diversified real estate investment company, has purchased 5231 Leetsdale, a 219,562-square-foot (5.04 ac) land property in Denver. A sale price was not disclosed. The site is home to a small retail strip building and a hardwood flooring company. Embrey plans to demolish the buildings and build a …
12-Story Multifamily Project Breaks Ground in Denver’s Golden Triangle
On March 14, Revesco Properties/Alpine Investments (RPAI), Pinkard Construction, and OZ Architecture celebrated the groundbreaking for akin Golden Triangle, a 12-story, multifamily project. Construction commenced in early February and is expected to continue into Q4 of 2024. The luxury-boutique building will contain 98 units of multifamily and amenities. “The Revesco and Alpine teams, along with …
AHA to Begin Final Phase of Affordable Housing Project in Aurora
On Wednesday, March 15 the Housing Authority of the City of Aurora (AHA) will begin construction of the second and final phase of Peoria Crossing. The 2.3-acre transit-oriented site is adjacent to Peoria Crossing I and will add 72 units of affordable housing to round out the multifamily campus to 154 units. …