Denver Apartment Portfolio Refinanced
JLL Capital Markets has arranged a $35.4 million cash-out refinancing for a six-property, 209-unit multi-housing portfolio. Acquired by RedPeak in February 2019, the portfolio is scattered throughout central Denver with properties located at 1280 Lafayette St., 10 South Pennsylvania St., 899 Washington St., 960 South Logan St., 1360 Williams St. and …
UCHealth Poudre Valley Hospital to Undergo $76.5M Renovation
Integrated design-build firm The Beck Group has started work on its multi-million-dollar renovation of UCHealth Poudre Valley Hospital, a 303-bed regional medical center in Fort Collins. Poudre Valley Hospital is part of Aurora-based UCHealth’s network of healthcare facilities serving parts of Colorado, Nebraska and Wyoming. The hospital’s $76.5 million renovation project …
Apartment Community in Littleton Sells for $134M
Global real estate investment company Kennedy Wilson has acquired Griffis Marston Lake, a wholly owned 332-unit suburban apartment community located at 4601 S Balsam Way, Littleton, for $134 million. Kennedy Wilson invested $62 million of equity and secured a 10-year, $76 million loan at a fixed-rate of 2.7 percent. “Griffis …
The Brown Palace Hotel Debuts Multimillion-Dollar Renovation (PHOTOS)
Denver’s oldest and grandest hotel, The Brown Palace Hotel & Spa, recently completed a renovation of the hotel’s historic Top of The Brown Suites including the 8th and 9th floors and the three famed Presidential Suites—The Eisenhower, The Reagan and The Roosevelt—as well as Palace Arms, various meeting spaces and the …
Denver Art Museum Reimagined Campus Opens to Public Oct. 24
The Denver Art Museum (DAM) reopens its expanded and reimagined campus to the public with a free general admission day on October 24, 2021, unveiling all eight levels of its iconic Gio Ponti-designed Lanny and Sharon Martin Building (formerly referred to as the North or Ponti Building), and the new Anna and John J. …
Vail Resorts Planning $320M in Ski-Resort Upgrades
Vail Resorts, Inc. is planning a number of on-mountain renovation projects for the 2022-23 North American ski and ride season in what will be the company’s largest single-year investment into the guest experience. The sweeping set of 19 new chairlifts, including 12 high-speed lifts, a new eight-person high-speed gondola and six …
Renovations Unveiled at Affordable Senior Housing Community Near Sloan’s Lake
MGL Partners (MGL) and Denver Metro Village (DMV) hosted a ribbon-cutting ceremony Tuesday, September 14 to unveil a major renovation project at DMV’s affordable senior housing community in the Sloan’s Lake neighborhood. MGL, Denver-based multifamily, senior, workforce and affordable housing developer with a mission to build lasting value through the creation of high-quality …
Recently Renovated Granite Tower Sells to Florida-Based Investor
Florida-based national real estate firm CP Group has made its first purchase in the Denver market, buying Granite Tower, a 31-story, 593,527 square-foot LEED Gold–certified Class A office tower — located at 1099 18th Street in downtown Denver —in an off-market transaction. A sale price was not disclosed. The seller, KBS …
Taylor Kohrs Completes Construction of Brothers Plumbing HQ
Taylor Kohrs, a Colorado-based general contractor for more than 37 years, recently completed an adaptive reuse renovation project that serves as the new Brothers Plumbing headquarters, service dispatch and warehouse in Denver. The finished space – designed by Jigsaw Design, LLC – encompasses 14,539 square feet, including a new 7,810-square-foot …
Denver’s Sports Castle Building to be Revitalized
The Denver Sports Castle building located at 1000 Broadway has been purchased by a partnership led by longtime Denver construction leader Tom McLagan, the executive chairman of Hyder Construction. Included in the sale is the parking lot across the street at 972 Broadway. A sale price was not disclosed. McLagan …