Dairy Block Awarded 2021 Americas Award for Excellence by ULI

Dairy Block has been honored with a 2021 Americas Award for Excellence from the acclaimed Urban Land Institute (ULI). Developed by McWHINNEY, Sage Hospitality Group and Grand American, Inc., Dairy Block is a mixed-use redevelopment of an entire historic downtown Denver block that once housed Denver’s Windsor Dairy. Opened in 2017 and …

Affordable HousingConstructionDevelopmentEventsMultifamilyRetail

NOVEL RiNo Breaks Ground

On Tuesday July 20, Crescent Communities broke ground on the mixed-use, multifamily community NOVEL RiNo in Denver’s River North Art District and Cole neighborhood. NOVEL RiNo, located at 1300 40th Street, will include 483 luxury residences and 15,800 square feet of retail space. A percentage of the residences will be designated for …


Three-Building Retail Asset in Westminster Sells for $9.85M

A retail portfolio comprising three inline shop buildings located within the Westminster Crossings shopping center in Westminster has sold for $9.85 million. Totaling 28,705 square feet of gross leasable space, the multi-tenant asset is 100 percent leased to a strong roster of national and regional tenants. The buyer was Colorado-based …


CREW Denver Holds Mid-Year Economic Forecast

On July 14 CREW Denver held its Mid-Year Economic Forecast and happy hour at the University of Denver Knoebel Events Center. Patty Silverstein, president and chief economist of Developmental Research Partners, gave her economic forecast for 2021 which included trends in the commercial real estate and construction industry. Silverstein shared a …

ConstructionDevelopmentFor SaleMultifamilyRetail

Groundbreaking: Parterre Master-Planned Community in Thornton

Hines and partner Trez Capital have broken ground on Parterre, a new master-planned community in Thornton that will include for-sale single family, paired homes and multifamily units, as well as a mix of commercial and retail uses. Spanning across nearly 800 acres, the development will feature nearly 3,000 residential homes …


Tributary Real Estate Purchase Recently Renovated Denver Office Building

Denver-based Tributary Real Estate has purchased Globe4Hundred, a recently repositioned office building located at 400 West 48th Ave. in Denver. JLL Capital Markets team represented the seller, NAS Properties, and the seller, Tributary Real Estate. The team was led by Managing Directors Larry Thiel and Jason Schmidt who sold their second …


Sears Building to Become Luxury Apartment Complex

Evergreen Devco, Inc., a retail and multifamily development company, has paid $5.7 million for the Sears store property at the Chapel Hills Mall in Colorado Springs. Evergreen purchased the vacant property, which included the two-story, 141,000-square-foot building, parking lots and 12.6 acres, from Northwood Investors. The store, built in 1981, served …


As Retail Rebounds Investor Confidence Returns

Retail, especially non-essentials goods and services, was hit hard during the pandemic, but with an increase in vaccinations and easing restrictions, retail is experiencing increased investor favor and returning to pre-pandemic levels. This is evidenced by a bounce-back in retail real estate transaction volumes. Additionally, the U.S. retail debt market remains …


Tributary Real Estate Acquires Mixed-Use Office Building in Globeville for $11.2M

Tributary Real Estate recently acquired a three-story mixed-use office building at 400 W. 48th Ave. in Denver’s Globeville neighborhood. The purchase was made in partnership with JLL Denver Managing Director Ken Gooden for $11.2 million. The 4.75-acre property includes 5,000 square feet of retail space and 93,000 square feet of office …


Mix of Multifamily and Office Proposed for 10.5-Acre Site in Jefferson Park

Denver-based Confluent Development has big plans for a 10.5-acre site known as “Diamond Hill,” located west of I-25 and Speer Boulevard in the Jefferson Park neighborhood. According to concept plans submitted to the city in early June, the developer outlined a plan for four residential buildings and 400,000 square feet …