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








