Partnership pays $41.15M for Springs apts.

A sought-after pair of valueadd apartment communities sold to a partnership making its first purchase in Colorado Springs. The Bascom Group LLC and an affiliate of The Axton Group acquired the Summer Grove Apartments and Tanglewood Apartment Homes. Summer Grove and Tanglewood were built in 1971 and 1972, respectively, and are located at 3802 and…

Jennifer Hayes

July 19, 2019

QOZ fund, Hines announce plans for North Wynkoop apartments

Houston-based Hines and Cresset-Diversified QOZ Fund announced plans to build one of the first qualified opportunity zone investments in the Denver area – North Wynkoop. The 10-story apartment community will feature 392 luxury units located at the northern edge of Denver’s River North neighborhood, on a site along Brighton Boulevard just west of AEG’s Mission…

Jennifer Hayes

July 19, 2019

Zoellner to chair Colorado District Council of Urban Land Institute

Mike Zoellner of ZF Capital will become chair of the Colorado District Council of the Urban Land Institute. He succeeds Tracy Huggins, executive director of the Denver Urban Renewal Authority, who served in that role since July 1, 2017.    Before forming ZFC in 2017, Zoellner was a founding partner of RedPeak Properties (16 years) […]

Jennifer Hayes

July 14, 2019

Central Park Plaza sells for $5.1M

A local investor added to its holdings with its acquisition of a retail center in Denver’s “dynamic” Stapleton submarket. The buyer, Park Plaza LLC, purchased the Central Park Plaza property from Central Park Plaza LLC, according to public records. The 17,844-square-foot shopping center at 5096 Central Park Blvd. in Denver sold for $5.1 million, or…

Jennifer Hayes

July 14, 2019

Newmark Knight Frank arranges $81 million loan for 255 St. Paul

Newmark Knight Frank arranged an $81 million loan for part of BMC Investments’ St. Paul Collection in Cherry Creek North. The fixed-rate loan refinances 255 St. Paul, one of two buildings that comprise the St. Paul Collection. The 255 St. Paul building at 255 St. Paul St. in Denver is a newly developed luxury residential…

Jennifer Hayes

July 14, 2019

Mueller wins medal from ARES

Dr. Glenn Mueller won the David Ricardo Medal at the 35th annual meeting of the American Real Estate Society in honor of his major research contributions in real estate market cycles and real estate investment trusts. The Ricardo medal is ARES’ highest recognition of scholarly work in the real estate discipline.  His seminal 1995 article […]

Jennifer Hayes

July 6, 2019

Construction starts on dual-branded hotel downtown

A dual-branded hotel is taking shape in downtown Colorado Springs. Atlanta-based Hotel Equities and an affiliate of Colorado Springs-based Olive Real Estate Group broke ground on the dual-branded SpringHill Suites by Marriott and Element by Westin at 402 S. Tejon St. Owned by the Olive affiliate, the dual-branded hotel will be the first-ever combination of…

Jennifer Hayes

July 6, 2019

Development to ramp up at Clear Creek Crossing

Development is ramping up at Clear Creek Crossing, a 110-acre mixed-use project southwest of Interstate 70 and Highway 58 in Wheat Ridge. Evergreen Devco Inc., a national retail and multifamily development company, owns the site, once planned for a Cabela’s store, where current plans include retail, multifamily, hospitality and office uses. “We’re very excited about…

Jennifer Hayes

July 5, 2019

Holcomb joins Stream Realty Partners

Blake Holcomb joined Stream Realty Partners as managing director of its Denver office. In this new capacity, Holcomb’s primary focus will consist of leasing office properties for both institutional and local property owners. He also will provide other service offerings to his clientele, including tenant representation, site selection analysis, investment sales, strategic planning and ancillary […]

Jennifer Hayes

June 30, 2019

NorthMarq arranges $26.3 million loan

An office/flex property in Longmont was the subject of a $26.3 million bridge loan. Bryan Leonard, senior vice president/managing director of NorthMarq’s San Antonio-based regional office, secured the loan for the Creekside Business Park. The 257,266-square-foot property is located at 1921 Corporate Creek Circle, 1811 Pike Road and 1900 S. Sunset St. NorthMarq arranged financing…

Jennifer Hayes

June 30, 2019

Jennifer Hayes has been an editor with the CREJ since 2000. Jennifer covers multifamily and retail news in the Denver metro area plus all property types in Colorado Springs and Southern Colorado. She also covers the finance market as well as solicits bylines articles and is editor of the Health Care Properties 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.