Real Estate Blog

The Sonoma development in Lenexa has signed several retail leases, and a portion of the first-phase apartments will open later this year.

Officials expect The Villages at Sandfort Farm to be worth more than $100 million when construction is finalized.

Downtown Denver is top of mind when it comes to any kind of large convention in the Rocky Mountain region. The city ranks 11th nationally among places favored by event planners, according to Cvent Inc., a provider of meeting and event technology.

But Aurora is increasingly showing up on the radar and a not-so-small hotel south of Denver International Airport might have something to do with that. The city ranked 42nd last year on the Cvent list, up from the 56th spot the year before.

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The Gaylord Rockies Resort and Convention Center is expected to open in mid-December as the largest hotel property in the state with 1,501 rooms and 4..

Worries about higher interest rates and other drags on the economy have developers slowing down the pace of apartment construction around the country this year.

Once hot markets like Houston and Seattle have seen new units coming to market fall off a cliff. Nationally, new apartment supply is expected to drop 11 percent this year, ending a six-year streak of gains, according to a blog post in RENT Cafe using data from Yardi Matrix.

But apartment construction in metro Denver is accelerating faster than in any other big city this year, Yard Matrix forecasts.

Developers have completed 7,651 apartments in metro Denver in the first six months, more than what the firm counts for all of 2017. And they have told Yardi Matrix they expect to compete another 13,739 in the second half of the year.

If they deliver, one out of every 23 new apartments added in the country this year will be in metro Denver. The total of 21,930 apartments would surpass new deliveries made in 2016 and 2017 combined..

Mark your calendars shoppers, would-be retail employees and parents looking for a place where the kids can expend some energy.

The largest shopping center now under construction in the Denver area will celebrate its grand opening Sept. 27. And its going to have an outdoor play area complete with a 30-foot-tall climbing structure to go along with its discount merchandise, developers say.

The 330,000-square-foot Denver Premium Outlets broke ground at the northeast corner of Interstate 25 and East 136th Avenue in Thornton in October. After announcing the center’s first bundle of tenants last month, developer/owner Simon Premium Outlets released the names of more incoming brands Friday.

They include: Calvin Klein, an Ann Taylor Factory Store, Vineyard Vines and Tommy Hillfiger.

“I think the biggest story is going to be the orchestration of all the retailers coming in and building their stores over the next 60 days,” Simon Premium Outlets CEO Stephen Yalof said.

The village-style cente..

The Colorado Housing and Finance Authority on Friday unveiled the Capital Magnet Fund, its new statewide housing fund.

The fund will support the development and preservation of affordable rental housing in the state’s most vulnerable communities, according to a statement.

“CHFA’s Capital Magnet Fund is an imperative resource to Colorado as our growing population, combined with escalating development and construction costs, continue to intensify an already challenging housing market,” executive director and CEO Cris White said in a statement.

Funding for the new project comes from a $7.1 million grant recently awarded to the lending authority by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.

CHFA estimates their fund will provide housing for about 725 Colorado households. The program will provide subordinate financing of up to $750,000 per project at a 3-percent fixed-interest rate to developments that have been awarded federal housing credi..

From the start, supporters have hoped Beloved Community Village would help people beyond the 13 residents who moved off Denver’s streets and into its 8-foot-by-12-foot tiny homes last July.

The village, 11 homes, a bathhouse, two portable toilets and a circular common building bounded by a brightly decorated chain-link fence at the corner of 38th and Blake streets, was meant to be a pioneer. It’s a pilot project designed to demonstrate tiny homes, arranged in a community where rules are set by the residents themselves, should be part of the solution to combating homelessness in Denver.

It’s had its challenges. Two of the original residents returned to the streets after their neighbors asked them to leave for violating village rules. The village had to move about 200 feet in January — from one side of its lot to the other — at a cost of $25,000 because of now-changed city rules governing temporary residential structures. The city chipped in $10,000.

But Beloved has persevered. A yea..

Messer Construction Co., the second-largest general contractor in Greater Cincinnati, has opened a new office outside the region.

Messer opened its 10th regional office in Raleigh, N.C. Bob Williams, vice president and region leader of the Raleigh office and operations, said in a news release that area has become “a focal point for successful growth … with even more on the horizon.”

The latest Messer office is the second in North Carolina, as the company has operated out of Charlotte for…

A 1.1 million-square-foot industrial building is taking shape in the West Valley near 83rd Avenue and Interstate 10.

Graycor Construction has completed two “panel lifts” at the Ten Distribution Center for the first phase of the development, which will be part of a future master-planned industrial complex consisting of 3.6 million square feet of industrial space and 15 retail, restaurant and service tenants along 83rd Avenue.

Click on the photo above to see a slideshow illustrating the panel lift…

Illinois investor Jeff Rothbart just bought 54 acres close to Foxconn Technology Group’s plant, adding to a busy last half of July for real estate deals in Mount Pleasant.