Stephen Wessler joined CBRE as a senior vice president in the Denver office.

A Los Angeles-based real estate investment and asset management firm added to its Denver portfolio with its purchase of the Cedar Run Apartments in one of the largest recent multifamily transactions in the Lowry submarket. Gelt Inc. paid $62 million, or $161,500 per unit, for the 384-unit community at 888 S. Oneida St., west of…

Natalie Skramstad joined Elsy Studio’s interior design team.

RedPeak Properties picked up an “iconic” Denver apartment building at a near record-setting price. The Denver-based firm, which acquires, develops and manages apartments in Denver and along the Front Range, paid $16.8 million all cash for the Safari Club Apartments. The 66-unit building at 990 S. Logan St. in Denver sold for $254,545 per unit…

A multitenant triple-net leased retail asset sold at a price nearing $300 per square foot. William Penn Apartments LLC, according to public records, paid $4.35 million, or $293.86 per sf, for 7824 Park Meadows Drive. It was sold by 7824 Park Meadows LLC. Constructed in 2003 and located at Park Meadows Drive and Acres Green…

Ben Krasnow has joined Crescent Communities as the managing director for the southwest region of the real estate company’s multifamily business.

A Marriott-flagged hotel in Colorado Springs recently traded hands. The Fairfield Inn & Suites by Marriott Colorado Springs North/ Air Force Academy sold for $10.95 million, according to public records. Hotel Equities, through its affiliate Virtua Partners, purchased the 85-room hotel from Jackson Creek Hotel Holdings LLLP. Hotel Equities operates the hotel and will continue…

A Colorado 1031 exchange buyer, 1230 S. Townsend LLC, paid $1.76 million, or $251.14 per square foot, for the O’Reilly Auto Parts at 1230 S. Townsend Ave. 

Cynthia P. Martinez joined CBRE|Heery’s design office in Denver as director of design. Martinez will be responsible for providing design strategy and leadership for the full-service architecture, interior design, engineering, construction management, program management and commissioning firm’s clients as well as inspiring her internal team. She has 20 years of experience. In addition, Martinez will […]

A “rare” opportunity to own a key downtown Denver block officially hit the market. The property at 1055 19th St. in Arapahoe Square, known as the Greyhound Redevelopment Site, is on the market. The full city block comprises approximately 2.45 acres with downtown core district zoning, allowing development up to 400 feet. Its zoning makes…