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Carmel Companies Sells Denver Multifamily Properties for $275 Million

Carmel Companies Sells Denver Multifamily Properties for $275 Million

By Gabriel Circiog, Associate Editor Denver-based Carmel Companies proceeded to sell $275 million worth of multifamily properties over the last few weeks. The apartment management company, founded in 1965 by Kal Zeff, had retained CBRE as an exclusive adviser for the [...]…

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Maycrest Urban Redevelopment Plan Gets Green Light; Johns Manville Plans Relocation to Greenwood Village

Maycrest Urban Redevelopment Plan Gets Green Light; Johns Manville Plans Relocation to Greenwood Village

By Gabriel Circiog, Associate Editor The Denver City Council has approved the Marycrest Urban Redevelopment Plan submitted by the Denver Urban Renewal Authority, The Denver Business Journal reports. A tax-increment financing district will be created at the site of Marycrest High [...]…

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Mixed-Use Project Planned in Highpointe Neighborhood

Mixed-Use Project Planned in Highpointe Neighborhood

By Gabriel Circiog, Associate Editor A new mixed-use project is planned in Denver and construction could begin as soon as the second quarter, according to The Denver Business Journal. The plan envisions a retail center, luxury apartment complex and retirement community [...]…

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Builders Launch New Net-Zero Energy Homes for Denver Market

Builders Launch New Net-Zero Energy Homes for Denver Market

By Gabriel Circiog, Associate Editor Utility bills could become a thing of the past as two Colorado builders launch new models for highly-efficient homes, The Denver Post reports. Although net-zero energy homes are already available from custom builders, KB Home and [...]…

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Two Area Cushman & Wakefield Execs Report ‘Best Month’ in 20 Years

Two Area Cushman & Wakefield Execs Report ‘Best Month’ in 20 Years

By Gabriel Circiog, Associate Editor Tim Richey and Mike Winn, both vice chairmen with Cushman & Wakefield, were two of the top investment brokers in the Denver commercial real estate market in 2011 and they finished the year strong as they [...]…

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Encore Multi-Family LLC to Build Luxury Apartment Community; Centura Health Sells 5 Medical Office Buildings

Encore Multi-Family LLC to Build Luxury Apartment Community; Centura Health Sells 5 Medical Office Buildings

By Gabriel Circiog, Associate Editor Encore Multi-Family LLC finalized the financing for its next development project in the Denver suburb of Thornton, which will mark the beginning of the company’s Western expansion. Encore Highpointe Park will feature 220 luxury apartment homes [...]…

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AMLI Residential Acquires 197-Unit Park Avenue Lofts; Kimco Expands Metro Denver Area Portfolio

AMLI Residential Acquires 197-Unit Park Avenue Lofts; Kimco Expands Metro Denver Area Portfolio

By Gabriel Circiog, Associate Editor AMLI Residential, a Chicago-based real estate investment company focusing on the development, acquisition and management of luxury apartment communities, has acquired Park Avenue Lofts in downtown Denver. The 197-unit complex, located at 755 E. 19th Avenue, [...]…

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Brookfield Office Properties Acquires 1801 California Street for $215 Million

Brookfield Office Properties Acquires 1801 California Street for $215 Million

By Gabriel Circiog, Associate Editor Brookfield Office Properties Inc. acquired, as part of an investment consortium, the second tallest office tower in Denver. Located in the city’s central business district, 1801 California Street was bought for $215 million from PSEG Energy [...]…

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EFG Brownfield Partners Plan Mixed-Used Redevelopment of Former St. Anthony Central Hospital Site

EFG Brownfield Partners Plan Mixed-Used Redevelopment of Former St. Anthony Central Hospital Site

By Gabriel Circiog, Associate Editor The redevelopment of the former site of St. Anthony Central Hospital, which moved in June from West Denver to a new location in Lakewood, will be up for discussion in two west Denver neighborhoods, The Denver [...]…

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MIG Real Estate LLC Acquires 240-unit Multifamily Community; Cornerstone Real Estate Advisors Adds 1899 Wynkoop St. Office Tower to Portfolio

MIG Real Estate LLC Acquires 240-unit Multifamily Community; Cornerstone Real Estate Advisors Adds 1899 Wynkoop St. Office Tower to Portfolio

By Gabriel Circiog, Associate Editor MIG Real Estate LLC, a Newport Beach, California-based real estate investment company, has acquired the multifamily community Rosemont Ridge at Lowry for $29.7 million. Located at 10000 East Alameda Avenue, on approximately 10 acres of land, [...]…

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KTGY Group and Mercy Housing to Build Eco-Friendly Affordable Housing in Stapleton

KTGY Group and Mercy Housing to Build Eco-Friendly Affordable Housing in Stapleton

By Gabriel Circiog, Associate Editor KTGY Group Inc. has announced the construction of Bluff Lake Apartment Homes, a new eco-friendly residential community. The project will house 92 families with an income between 30 percent and 50 percent of the area median [...]…

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Construction of $800 Million VA Medical Center in Aurora Will Finally Start

Construction of $800 Million VA Medical Center in Aurora Will Finally Start

By Gabriel Circiog, Associate Editor Although the official groundbreaking for the VA Medical Center in Aurora took place back in 2009, construction has been delayed. But The Kansas City Business Journal reports that an agreement has just been reached between the [...]…

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