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Apartment developer buys site for 325 units at Arista

An 11.3-acre site in Arista sold to an apartment developer for $7.2 million. STAR Broomfield LLC, which is affiliated with Steadfast Cos., purchased the vacant land along the east side of Wadsworth Boulevard between Arista Place and Parkland Street for a 325-unit development recently approved by Broomfield City Council. Irvine, California-based Steadfast Cos. owns and…

Kris Oppermann Stern

April 27, 2020

Owner, contractor expectations for ‘design assist’ projects

A trend in commercial construction is the concept of “design assist,” an approach under which the contractor collaborates with the owner during the design phase to help bring the owner’s ideas to life.

CREJ

April 27, 2020

Beacon connects the dots with downtown value-add acquisition

Beacon Capital Partners acquired what will be a blank slate at 1740 Broadway, as Wells Fargo moves to new space around the corner. Wells Fargo sold the approximately 111,300-square-foot building and atrium, where it has a retail branch and offices, to Beacon for $7.15 million. The bank will be significantly downsizing and relocating its branch…

Kris Oppermann Stern

April 27, 2020

Howell Construction completes AHEC | Metro’s renovation project: Locker rooms, bleachers

Howell Construction and Perkins+Will recently completed the state of Colorado’s Auraria Higher Education Center | Metropolitan State University locker room and bleacher renovation project located in the heart of downtown Denver. The project was built in the occupied PE/ Events Center on the AHEC campus.

Kris Oppermann Stern

April 26, 2020

Stantec leading transformational design overhaul of Denver International Airports Great Hall

Denver International Airport recently announced that construction has recommenced on the Great Hall Project, with Stantec serving as lead designer. The work will include a renovation of the airport’s Jeppesen Terminal to create an airport for the future with enhanced safety and security, a more intuitive passenger flow and increased capacity to accommodate continued growth.

Kris Oppermann Stern

April 20, 2020

Champions sets mark for apts. in Springs

It’s a new high watermark for multifamily in the Colorado Springs market. The Champions at Norwood apartment community recently sold at the highest total sales price and second-highest per-unit price ever for a multifamily asset in the Southern Colorado city. According to public records, Champions TIC I LLC paid $86.8 million for the 332-unit community…

Jolene Wollett

April 20, 2020

NorthMarq arranges Mount Princeton refi

NorthMarq’s Denver office arranged a $23 million loan to refinance the historic Mount Princeton Hot Springs Resort. Brian Fisher of NorthMarq’s Denver office arranged the financing for the 63-acre resort in Nathrop, which comprises 105 guest rooms, numerous pools, a spa, water slides, a wedding pavilion, restaurant, bar, conference center and fitness center. “The borrower…

Jolene Wollett

April 20, 2020

Investors pay $5.7 million for Littleton office buliding

A pair of investors bought a 50,403-square-foot office building in Littleton with some loyal and growing tenants. Bridle Dale LLC, led by a Denver investor, paid $5.7 million, or $113.09 per sf, for the Columbine Office Building at 6901 S. Pierce St. Columbine Valley Corp. was the seller. Bob Pipkin “At the time it went…

Kris Oppermann Stern

April 20, 2020

Landlord expectations for a COVID-19 outbreak in their area

When landlords and tenants negotiated their leases, they probably did not have COVID-19 in mind. On Jan. 30, the World Health Organization and the Centers for Disease Control and Prevention declared

CREJ

April 20, 2020

Managing a remote team: Help your employees thrive

With today’s technology-enabled mobility, supervising a partially distributed team has become more commonplace. But if your entire staff has had to move to a remote framework, navigating your role as a

CREJ

April 19, 2020