ABC Economic Forecast: Back Half of 2021 Should be Spectacular for Economic Growth

By Katie Rapone, editor On Friday May 7, ABC Rocky Mountain Chapter held its in-person/virtual 2021 Economic Forecast with Dr. Basu, MPP, MA, JD, Ph.D., ABC’s chief economist. Dr Basu shared his insight on how the economy has and will impact Colorado’s construction industry, including his forecast for the remainder of the …


Scythian Real Estate Acquires Three Colorado Cannabis Facilities

Scythian Real Estate, a full-service real estate company that specializes in working with sophisticated, well-capitalized cannabis operators, has acquired three Colorado facilities operated by LivWell Enlightened Health, totaling nearly 12,000 square feet. The facilities are located at 19201 E Colfax Ave. in Aurora, 1015 N 2nd St. in Berthoud, and …

OfficeProperty ManagementRetail

Elevate Real Estate Services Announces Two New Property Management Assignments

Elevate Real Estate Services, an independent firm offering comprehensive management solutions with a personal touch and extensive experience in property and asset management, has received two new property management assignments: the Pecos Square Retail Center and a single-tenant office building located in Centennial. Pecos Square is a 10,729-square-foot retail center, …


Historic 6th Ave Retail Property Sells for $4.7M

Unique Properties Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, brokered the sale of Firehouse Square, a multi-tenant retail/office property located at 1038 E 6th Ave in Denver. The property sold for $4,750,000 or $486 per Square Foot. The seller, RAK Investments Inc, was represented by Michael …


Multifamily/Mixed-Use Project to Break Ground in Platt Park

Narrate Companies, Shaw Construction and OZ Architecture will celebrate the ground breaking of 1230 S Pearl next month. Located along old South Pearl Street, the project will consist of 72 for rent units over approximately 6,000 square feet of prime retail and restaurant space. According to Shaw, this project will provide …

Affordable HousingArchitectureConstructionDevelopmentHospitalityMultifamilyRetailTransit

17-Story Apartment Community to Break Ground at 38th & Blake

McWhinney, in a joint venture with PGIM Real Estate, plans to break ground on FoundryLine this month, a new 17-story lifestyle-driven and luxury apartment community in the heart of Denver’s RiNo. Located on a 1-acre site adjacent to the RTD’s 38th & Blake A-Line commuter rail station, FoundryLine will feature …


Alec Wynne to Lead New Brokerage Skye Commercial

In an ongoing expansion of the company’s commercial real estate platform, Lowe, a national real estate developer, investor and manager, has formed Skye Commercial, a Denver-based full-service commercial brokerage firm focused on office, retail, industrial and hotel properties. Skye is led by Alec Wynne who brings more than 22 years …


Retail Plaza in Johnstown Sells for $21.6M

According to Marcus & Millichap, Johnstown Plaza, located in Johnstown, Colo., has sold for $21,635,000. The three buildings, totaling 82,907-square-feet, were sold in two separate transactions with a simultaneous close. Tenants included in the two transactions were Burlington, Ulta Beauty, Parry’s Pizza, Anytime Fitness, Cheba Hut, Crumbl Cookies, Ripple Effect Martial …


Sustainable 86-Unit Apartment Community Breaks Ground at S’PARK

Construction is underway on Platform, a new 86-unit residential rental community on the site of the final parcel in S’PARK, a 6.8-acre mixed-use, mixed-income, transit-oriented development located in the heart of Boulder. The John Buck Company of Chicago and Element Properties of Boulder are the developers and KTGY is the designer …


Marcus and Millichap Complete Series of Net Leased Property Sales

Drew Isaac, senior vice president investments and senior director of the net leased properties division & national retail division at Marcus & Millichap (NYSE: MMI), recently arranged the sale of ten single-tenant net-leased investment properties located throughout Colorado during the first quarter of 2021, totaling more than $41 million. “The …