ABC Rocky Mountain appoints Johnson as president, CEO

The Associated Builders and Contractors Rocky Mountain Chapter board of directors announced the appointment of Joanna Johnson as the organization’s new president and CEO.

Jennifer Hayes

January 19, 2020

Legend Investment Group handles metro area transactions

Legend Investment Group, a division of Legend Partners LLP, recently handled the sale of a pair of metro area multitenant retail strip centers as well as a Broomfield Big O Tires in deals topping $8 million. Pert Maxima purchased the three-tenant strip centers in separate deals, concluding a 1031 exchange. The 6,029-square-foot center at 9854…

Jennifer Hayes

January 19, 2020

One330 Apartments fetch $37.1M in off-market deal

A newly built multifamily community in Colorado Springs sold to an Atlanta-based buyer for $37.1 million, or $249,000 per unit. Cortland Partners purchased One330 Apartments at 1330 Kelly Johnson Blvd. in an off-market transaction. The 149-unit community was in lease-up at the time of sale. “One330 is situated in a well-established area of central Colorado…

Jennifer Hayes

January 19, 2020

Kneaders Bakery and Café sells at 5.12% cap rate

A single-tenant, net-leased Kneaders Bakery and Café in Colorado Springs recently sold. The Kneaders Bakery and Café at 13482 Bass Pro Drive sold for $2.93 million and at a 5.12% cap rate, representing one of the lowest cap rates ever for a single-tenant Kneaders Bakery and Café nationally, according to CoStar. A Colorado-based 1031 exchange…

Jennifer Hayes

January 13, 2020

Fox Crossing community sells for $32.25 million

An investment firm that acquires, owns, renovates and operates affordable, workforce and value-oriented apartment communities across the U.S. made a $34.25 million purchase in Denver. Avanath, according to public records, purchased Fox Crossing, a 220-unit affordable housing community at 8350 E. Yale Ave. It purchased the community from Legacy Partners. Dan Woodward, David Potarf and…

Jennifer Hayes

January 13, 2020

NewMark Merrill Cos. names Staneski VP of leasing and acqusitions

Alex Staneski was named vice president of leasing and acquisitions in NewMark Merrill Cos.’ Longmont office.

Jennifer Hayes

January 12, 2020

Tributary Lending names Lederhos managing partner

Dave Lederhos was named managing partner of Tributary Lending, the newly launched commercial real estate lending division of Tributary Real Estate.

Jennifer Hayes

January 6, 2020

Berkadia arranges loan for self-storage facility purchase

Berkadia arranged financing on behalf of a private investment firm based in Las Vegas for its acquisition of two self-storage facilities, including the AAA Platte Self Storage in Colorado Springs. Senior Managing Director Cutt Ableson and Associate Director Johnny King of Berkadia’s Houston office secured the loans for Crystal View Capital. MidCap Financial Services provided…

Jennifer Hayes

January 6, 2020

Advenir at Spring Canyon apts. sell for $69.3 million

A new buyer to the Colorado Springs market purchased the Advenir at Spring Canyon apartment community at record pricing. Benedict Canyon Equities paid $69.3 million, according to public records, for the 292-unit community at 4510 Spring Canyon Heights. At $237,329 per unit, the price appears to be a record per-unit price paid for 1990s product…

Jennifer Hayes

January 6, 2020

Avison Young names Serieno principal

Joe Serieno was named principal at Avison Young.

Jennifer Hayes

December 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.