Oak Coast Properties acquires Retreat at Water’s Edge

Oak Coast Properties continues its acquisition of metro Denver properties with its most recent purchase of the Retreat at Water’s Edge. The Southern California-based investment firm, specializing in Class B and C apartment communities, paid $54.4 million for the 252-unit community. Oak Coast purchased the value-add community with plans to invest $2.2 million in renovations […]

Jennifer Hayes

December 21, 2020

Last-mile logistics facility in Thornton trades for $57 million

A last-mile logistics facility in Thornton sold for $57 million. Illinois-based Inland Real Estate Group purchased the Class A, 151,668-square-foot distribution facility on more than 19 acres at 900 E. 128th Ave. in Thornton as a long-term hold. The Opus Group, a full-service development, design and construction real estate firm headquartered in Minneapolis, sold the […]

Jennifer Hayes

December 21, 2020

HighPoint park reaching new heights

HighPoint is readying to reach new heights. The Aurora industrial and logistics park is more than doubling in size as its developers not only are adding to the property’s footprint but also are set to break ground on the first building of what could be a more than 5 million-square foot development at build out. […]

Jennifer Hayes

December 14, 2020

Sought-after Kum & Go sells to Colorado-based buyer

A single-tenant net-leased property in the heart of Craig recently sold. Buchtel Realty Investors Craig LLC, a Colorado-based private real estate family office, paid $5.09 million, or $1,500.12 per square feet, for the Kum & Go at 1302 W. Victory Way. The 3,392-sf Kum & Go is located at a signalized intersection in the heart […]

Jennifer Hayes

December 14, 2020

Griffis grows with $73.25 million Cherry Creek purchase

Griffis Residential grew its metro Denver apartment portfolio with its purchase in Cherry Creek. The multifamily real estate investment company purchased the Alexan Cherry Creek community – renamed Griffis Cherry Creek North – from Trammell Crow Residential for a reported $73.25 million, according to public records. JLL declined to comment on transaction specifics but noted […]

Jennifer Hayes

December 7, 2020

Blue Dot Place sells to local ownership group for $13 million

The first multifamily community constructed in downtown Colorado Springs since the 1960s sold to local buyers planning to continue the legacy of the property. Local buyers Ray, Tim and Brian Rhodes paid $13 million, or $393,393 per unit, according to public records, for Blue Dot Place, a 33-unit community at 412 S. Nevada Ave. The […]

Jennifer Hayes

December 7, 2020

Flywheel to start spec office development

The first speculative office development in nearly a decade in Colorado Springs is set to break ground in January. Flywheel Capital plans to break ground on Peak Technology Campus, a 210,000-square foot, Class A project in Peak Innovation Park, the 900-acre master-planned business park at the entrance of the Colorado Springs Airport. The spec development […]

Jennifer Hayes

November 30, 2020

Greenhouse sells for $13.5 million

A state-of-the-art marijuana building/grow operation in Denver recently sold for $13.5 million. Enidron 43 LLC purchased the 36,188-square-foot building at 5290 E. 43rd Ave. from CO E43 LLC. The seller bought the undeveloped land in 2016 and, with future tenant, Lightshade Labs, built the property to suit, according to Fuller Real Estate. Lightshade Labs signed […]

Jennifer Hayes

November 30, 2020

IRET pays $144.75 million for Parkhouse Apartment property

IRET purchased the Parkhouse Apartment Homes in Thornton for a reported $144.75 million. The real estate company focused on the ownership, management, acquisition, redevelopment and development of apartment communities purchased the 465-unit community from Starlight Investments Ltd., according to public records. “We are excited to continue our growth in Denver and advance improvements in the […]

Jennifer Hayes

November 23, 2020

Ace Hardware lease one of largest in airport submarket

Ace Hardware Corp.’s lease at Airport Distribution Center 3 is one of the largest new leases in the airport submarket this year – one of a number of recent industrial lease transactions handled by CBRE. Ace Hardware leased 128,982 square feet of space at Airport Distribution Center 3 at 15965 E. 32nd Ave. in Aurora. […]

Jennifer Hayes

November 23, 2020

Jennifer Hayes has been an editor with the CREJ since 2000. Jennifer covers multifamily and industrial news in the Denver metro area plus all property types in Colorado Springs, Southern Colorado, mountain towns and the Western Slope. She also handles High Fives news for the paper and is editor of the Health Care & Senior Housing Quarterly. Before joining the Colorado Real Estate Journal, Jennifer served as the assistant sports information director at Texas A&M-Commerce. She earned her bachelor's degree in broadcast journalism from the University of Colorado and a master's degree in education from A&M-Commerce. Jennifer enjoys spending time with her husband and son, learning the ways of being a hockey mom, sports, reading and baking.