Jennifer Hayes has been an editor with the CREJ since 2000. Jennifer covers multifamily and retail news in the Denver metro area plus all property types in Colorado Springs and Southern Colorado. She also covers the finance market as well as solicits bylines articles and is editor of the Health Care Properties Quarterly. Before joining the Colorado Real Estate Journal, Jennifer served as the assistant sports information director at Texas A&M-Commerce. She earned her bachelor's degree in broadcast journalism from the University of Colorado and a master's degree in education from A&M-Commerce. Jennifer enjoys spending time with her husband and son, learning the ways of being a hockey mom, sports, reading and baking.

The Edge

Pinkard Construction breaks ground on The Edge project

Loveland Housing Authority, with Pinkard Construction Co. and OZ Architecture, broke ground in November on LHA’s newest project, The Edge. The Edge is a 68,000-square-foot, ground-up facility with 70 units of affordable housing for income-qualified individuals and homeless veterans. The facility consists of six three-story wood-framed buildings and a single-story clubhouse. Sixty of the units…

Jennifer Hayes

January 23, 2016
Woodmen Commons

Private investor buys Woodmen Commons for record $35 million

Woodmen Commons recently traded for $35 million in what is believed to be the highest-priced retail sale to close in Colorado Springs in 2015. A private investor, identified as TKG Woodmen Commons LLC, an entity of The Kroenke Group by public records, purchased the 156,010-square-foot center from Rosenbaum-Dean, which developed Woodmen Commons. Situated at 1706-1790…

Jennifer Hayes

January 23, 2016
Market Center Colorado Springs

Market Center sells for $9.55M

The Market Center sale is the latest value-add acquisition for DPC Development Co. The Denver-based firm added to its Colorado Springs holdings with the $9.55 million, or $52.80-per-square-foot, purchase of the 180,000-sf center. C-III, a special servicer, sold Market Center, which also included five out-parcels. “We liked the low price per square foot,” said DPC…

Jennifer Hayes

January 20, 2016

Urology center sells for $35.15M

A high-net-worth buyer out of Minneapolis acquired The Urology Center of Colorado in one of the highest priced medical office building transactions ever to close in the Denver metro area. Olympus Ventures LLC paid $35.15 million, or $623.79 per square foot, for the 56,349-sf building. “This is one of the highest-priced medical buildings I have…

Jennifer Hayes

January 8, 2016

Baston-Cook, Swinerton top out SkyHouse Denver

Baston-Cook Construction and Swinerton Builders ceremonially topped out SkyHouse Denver, a 354-unit luxury apartment building in the Uptown neighborhood. In February 2015, the development team of Novare Group, Simpson Housing and Baston-Cook Development Co. broke ground on the 26-floor apartment development at the corner of Broadway and 18th Avenue. SkyHouse Denver is slated for delivery…

Jennifer Hayes

January 1, 2016

Questions over construction defect claims

Amy Brimah Managing partner, Brimah LLP, Denver Common-interest communities are governed through boards of homeowners that serve the association. After a certain period of time, the developer must transition the control of the board to homeowners who own units in the project. The city and county of Denver has joined the city of Lakewood and…

Jennifer Hayes

January 1, 2016

Alturas at Bell Tower trades for $9.06M

A newly completed Colorado Springs apartment asset sold to an undisclosed buyer for $9.06 million, or $150,917 per unit. An undisclosed buyer purchased the Alturas at Bell Tower, a 60-unit community at 1130 Bell Tower Heights. Constructed in 2013, the property received a significant amount of attention due to its notable upside in rents, condominium-quality…

Jennifer Hayes

December 13, 2015

Problems with using IRA for RE investments

Peter McFarland Associate attorney, Estill & Long LLC, Denver Many real estate investors have heard about the benefits of using self-directed individual retirement accounts to fund their latest ventures into the real estate market. There are many companies conducting seminars and webinars that sell the investor on this idea. I know firsthand because our office…

Jennifer Hayes

December 8, 2015

Positive signs for future of hotel industry

Dave Johnstone Chief investment officer of hospitality, McWhinney, Denver Despite the volatile nature of the oil industry, the national economy has gotten back on track over the past five years, which has resulted in a change in consumer behavior across the country. With a stable economy, consumers are now making more money, which allows them…

Jennifer Hayes

November 29, 2015

Apartment properties trade for $23.6M

A Greenwood Village-based buyer continues to grow its Colorado Springs portfolio, most recently with the purchase of a pair of properties for $23.6 million. Vukota Capital Management paid $18.35 million for the 312-unit Residence at Austin Bluffs and $5.25 million for the 92-unit Chestnut Springs. Both Residence at Austin Bluffs and Chestnut Springs combine historically…

Jennifer Hayes

November 29, 2015