Marcus & Millichap promotes Neville Rustomjee to senior director of its National Hospitality division.

A Denver retail portfolio consisting of three Brakes Plus-leased properties sold for a combined $6.95 million in an all-cash transaction. Kathleen Ann Ross Trust, an instate investor, purchased the retail […]

A California-based private real estate investment trust purchased a multitenant retail center in what is believed to be the highest priced retail sale to close in Pueblo in the past three years. CREIT, a trust affiliated with CIRE Equity, paid $11.65 million, according to public records, for the Eagleridge Shopping Center. The 116,305-square-foot center at…

Veteran commercial real estate broker Eric J. Kimose is not and never has been an elephant hunter. That is, he never sought to sell the big, trophy properties that make headlines. As a brand-new broker with Marcus & Millichap’s Denver office in the mid-1990s, Kimose went to developers and real estate investors with this proposition:…

The Clarion Hotel & Conference Center and Quality Suites Central at 314 W. Bijou St. was purchased by the owner of The Antlers, a Wyndham Hotel, and The Mining Exchange, a Wyndham Grand Hotel & Spa, for $7.8 million. 

Skyler Cooper and Brian C. Smith, CCIM, SIOR, were promoted to first vice president investments in Marcus & Millichap’s Denver office.

The buyer paid $6.8 million, or $77,272 per key, for the 88-room hotel at 2115 Aerotech Drive at the Colorado Springs Airport. 

Marcus & Millichap handled the sale of a trio of apartments in Aurora, which sold for a total of $24.75 million.

Single-tenant triple-net (NNN) investments are “like the bonds of commercial real estate investing,” according to Drew Isaac. And with the stable income generated by leases from national tenants such as Walgreens and Starbucks, they are increasingly popular with investors seeking higher yields than they can achieve from Treasurys and many other fixed-income vehicles, but with…

The buyer, a private investment group, paid more than $216,000 per unit for the Vistas at Jackson Creek, a 267-unit community approximately one-half mile east of Interstate 25.