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
Thrive co-working space in Denver

The evolution of co-working in Denver

Co-working is an unavoidable buzzword in Denver. In the few short years dedicated co-working space has had a presence in the city, the definition has evolved from a strictly communal environment to one that often embraces private offices as well as community areas. The long-term effects of what this new office environment means to the…

Michelle Askeland

January 22, 2016

Know your building’s risk profile

In light of recent terrorist attacks and active shooter incidents in Paris, California and Colorado Springs, the role property managers play in protecting their tenants as well as their building assets is more important than ever. “Security is really front of mind for all of our property manager customers right now,” said Steve Claton, president…

Michelle Askeland

January 22, 2016
Majestic Commercenter

Medical supplies company to build 545,000 sf in Aurora

The nation’s largest privately held health care supply company will build a 545,000-square-foot warehouse/distribution center at Majestic Commercenter in Aurora. Medline Industries Inc. bought 35.6 acres of land in the master-planned business park at Interstate 70 and Tower Road and will spend the next 18 months developing the facility. “This is a very exciting project…

Jill Jamieson-Nichols

January 20, 2016
Veranda Highpointe

TruAmerica pays $105 million for Veranda Highpointe

The late Steve Jobs, the co-founder and former CEO and chairman of Apple, once said, “A lot of times, people don’t know what they want until you show it to them.” Darren Fisk, CEO and founder of the Denver-based Forum Real Estate Group, has a similar philosophy when it comes to developing apartment communities. That…

John Rebchook

January 20, 2016

Mission Trace reaches milestone: 100 percent leased

Mission Trace Shopping Center, a 200,000-square-foot shopping center in Thornton, recently hit a milestone. The center is 100 percent occupied for the first time since it was built 30 years ago. “It is unheard of for a 200,000-square-foot property to be 100 percent leased,” said Corey R. Wagner, executive vice president of Aurora-based Western Centers…

John Rebchook

January 19, 2016

Nienkerk thrives in busy management environment

To many people, managing two Class A office properties with over 550,000 square feet in the Denver Tech Center would be a daunting responsibility. Managing a family of four children, ranging from five-year-old twins to a freshman in college, is another full-time, overwhelming job. On top of that, throw in a revolving door of foster puppies and board member responsibilities for a corporate office association, and you’ve got a day in the life of Michelle Nienkerk.

Michelle Askeland

January 19, 2016
Paragon Building

Class B asset near Belleview light rail fetches $19.9 million

An opportunistic real estate investment firm paid $19.9 million for a Class B office building in the thick of the action at East Belleview Avenue and Interstate 25. An affiliate of El Segundo, California-based Westport Capital Partners LLC acquired the Paragon Building at 7100 E. Belleview Ave. in Greenwood Village from a limited partnership of…

Jill Jamieson-Nichols

January 19, 2016
U.S. Engineering buys property in Johnstown

Mechanical contractor buys site in Johnstown

A 103,000-square-foot manufacturing building on 13.37 acres in Johnstown changed hands in a $7.7 million transaction that also included 12 acres of adjacent ground. A U.S. Engineering affiliate bought the property at 390 Mountain View Drive to expand the company’s Rocky Mountain operations. A Kansas City, Missouri-based mechanical contractor, U.S. Engineering has offices in Westminster…

Jill Jamieson-Nichols

January 19, 2016