U.S. construction is down, Denver decreases 51%

Nationwide, apartment construction is experiencing a considerable slowdown this year with 293,000 new apartments projected to hit the market – a 12% drop compared to last year’s deliveries. The decline is primarily due to fewer

CREJ

November 9, 2020

Construction begins on Nine Mile Corner

A Denver-based developer acquired the first and second phases of land for its multi-acre, mixed-use project in Erie and began construction on the parcels. In a public-private partnership between Evergreen Devco and the Town of Erie Urban Renewal Authority, the developer acquired 40 acres of land at the southeast corner of U.S. Highway 287 and […]

Jenna Walters

November 2, 2020

Integrated project delivery: Hurdles to mainstream popularity

Integrated project delivery has a history of being touted as the logical future of design-build construction. We have seen certain health care providers and higher education institutions working out the kinks of IPD projects for over a decade

CREJ

October 26, 2020

JLL arranges $67M loan for luxury apartment project

JLL Capital Markets arranged a $67 million construction loan for a luxury apartment complex in Denver. Campbell Roche and Eric Tupler of JLL worked on behalf of the borrower, Cypress Real Estate Advisors, to secure the five-year, floating-rate loan. Pacific Western Bank provided the financing. The borrower plans to use the loan to develop The […]

Jenna Walters

October 23, 2020

Flexible design solutions for health care renovations

Health care construction is one of the most necessary and challenging sectors of commercial construction. As technology advances, regulations change and the needs of patients and employees shift, a constant evolution in design and construction is necessary to meet the objectives of these projects. The urgency of the onset of COVID-19 has shed light on […]

CREJ

October 19, 2020

Developers report delays in permitting, starts

COVID-19 has disrupted the commercial real estate industry in more ways than we can count. Some of those changes have been positive, such as accelerating the industry’s embrace of virtual leasing. Others, however,

CREJ

August 10, 2020

Managing construction in an occupied building

You’ve heard it before: Location, location, location. Such is said to be the most important element in the world of real estate investment. And yet, when it comes to tackling construction projects, it’s planning,

CREJ

March 29, 2020

Rising construction costs impact capital markets

Denver is in the midst of strong development in nearly all commercial real estate asset types. In conjunction with high development demand comes increased, and still increasing, construction pricing.

CREJ

March 20, 2020

How tariffs may stunt construction & leasing

Regardless of political leanings, American companies are girding for a rough ride if the tariff situation bleeds into the new year. After some 17 months, the Trump administration’s cat-and-mouse trade war with China shows few signs of resolution

CREJ

December 16, 2019

Proceed with caution when using condo unit escrow deposits

While residential condominium development still has not reached its pre-Great Recession levels, it is growing (albeit slowly). This type of project presents an interesting source of capital for developers in

CREJ

October 18, 2019