MARCH 7-20, 2018 by Jill Jamieson-Nichols Insurance brokerage CCIG has acquired an office building in Inverness Business Park in Englewood for its new head- quarters. CCIG bought 155 Inverness Drive West, an approximately 44,500-square-foot building, for $8.5million andwill under- take an extensive renovation starting early next year. The company’s current headquar- ters are located in approxi- mately 22,000 sf inGreenwood Village. CCIG is one of Colorado’s largest independent com- mercial and personal lines insurance brokerages. The new headquarters will accom- modate the firm’s continued growth and allow it to better serve its clientele and the com- munity, the company said. CCIG plans to make a num- ber of improvements to the property so that it provides an “efficient and exceptional environment” for its staff, with an open and welcoming feel- ing with lots of glass, CEO Brook Mahoney said. “We’re going to make it a truly quality workplace with renovations throughout as well as to the exterior to make it attractive to the public,” he said. Improvements to the three- story building, built in 1995, will include new conference rooms, kitchens and break- rooms. The projected move- in date is fall 2019. Close to 100 employes will work in the CCIG to relocate HQ to Inverness by Jennifer Hayes It’s a new idea – or two – for one of Denver’s oldest blocks. Jeff Hermanson, owner of Larimer Square in Lower Downtown Denver, in partnership with Denver- based Urban Villages Inc., announced plans to bring new buildings – and new relevancy, vibrancy and acti- vation – to Larimer Square, the city’s first historic dis- trict. “Larimer Square is a world-renowned destina- tion due to its careful man- agement, thoughtful invest- ment and unwavering pub- lic support,” said Herman- son, who has owned the block for the past 25 years. “Our intention is to invest heavily in the block so that it continues to stand the test of time. We want to pre- serve all that is special and historic while ensuring this iconic block remains vibrant for generations to come.” “Larimer Square is a unique and storied destina- tion, and our intention is to stay true to its legacy,” added Jon Buerge, chief development officer at Urban Villages. “We antici- pate this project will stand alone amid the transforma- tion Denver is experienc- ing through the thoughtful integration of historic prop- erties and modern ameni- ties. What we are planning will ensure that downtown thrives, and that Larimer Square remains a shining star in our growing city.” The proposal includes the construction of two new buildings – the first to be erected on the block in near- ly two decades. “When we started look- ing at doing this project, we wanted to really be deferen- tial to the historic structures and wanted to uphold Jeff’s goal of maintaining the his- toric nature of the block,” said Buerge. In keeping with the intent of maintaining the integrity and character of the block, the proposed buildings will be constructed on the alleys and courtyards behind Lar- imer Square – 60 feet back from the storefronts. The location of the build- ings will not only feel sec- ondary to the historic build- ings but also will have the least impact on the heritage buildings, he added. The larger of the two build- ings, closer to Lawrence Street, will be accessed from the Kettle Arcade, where visitors come out of the tun- neled space into a five-story atrium where the heritage Changes planned for Larimer Square Proposed plans for the city of Denver’s first historic district include the development of two newmixed- use buildings as well as rooftop gardens and small farms. IMT Lone Tree trades for $110.85 million Renamed Waterford Lone Tree, the 400-unit community sold for $277,125 per unit. by Jennifer Hayes Nine-figure sales con- tinue to close across metro Denver’s multifamily mar- ket, including the reported $110.85 million sale of IMT Lone Tree. Braddock&LoganHomes, under the name Kent- wood Investors, according to public records, added to its local portfolio with its acquisition of the 400- unit community at 10047 Park Meadows Drive, Please see Larimer, Page 4 Please see Lone Tree, Page 4 Please see CCIG, Page 24 Featured Quarterly Not as it appears A local investor sees opportunity in an office building that looks like apartments Inside 6 8 Saddle up A joint venture acquires the Advenir at Saddle Rock community in a $72.18 million, value-add transaction 19 Cuckoo for Koko Plaza Amixed-use building in Louisville generates a ton of investor interest 23 Size matters Small-format retail continues to be a sought- after asset in the Colorado Springs market CONTENTS Office 6 Multifamily 8 Retail 12 Industrial 16 Boulder County 18 Larimer & Weld Counties 22 Colorado Springs 23 Law & Accounting 26 Finance 28 Property Management 30 CDE 38 Who's News 44