Westgate project adds Candlewood Suites

Candlewood Suites is coming to Westgate. Utah-based hospitality firm Western States Lodging and Nuterra Partners, a Utah-based development and management company, are under contract on a 1.86-acre parcel in the 58.71-acre Westgate at Powers mixed-used project in southeast Colorado Springs. The partnership is planning to construct a 104-key Candlewood Suites at the development, located at…

Jennifer Hayes

December 30, 2019

Bonnie Brae retail building sells for $2.45 million

St. Charles Town Co. is pumping up its presence in Bonnie Brae. A Denver-based entity of real estate development firm St. Charles Town Co. completed the purchase of a 12,500-square foot building at 709 S. University Blvd. It paid $2.45 million to BBAC LLC for the property. The property, home to ink! Coffee, sits adjacent…

Jennifer Hayes

December 30, 2019

Garden of the Gods Plaza retail center sells for $11.54M

A Florida-based operating entity made its first Colorado Springs acquisition and second in Colorado with its purchase of Garden of the Gods Plaza. The buyer paid $11.54 million for the seven-building, 96,314-square foot shopping center at 975-1045 Garden of the Gods Road in Colorado Springs. “This is a multi-building asset right on Garden of the…

Jennifer Hayes

December 23, 2019

Tenzing trades for $96.6 million to CBRE-sponsored fund

A newly built Westminster multifamily community recently sold for $96.6 million, according to public records. A fund sponsored by CBRE Global Investors acquired The Tenzing, a 320-unit community at 11674 N. Pecos St., from a joint venture between Holland Partner Group and Principal Real Estate Investors. The acquisition of The Tenzing, built in 2018, is…

Jennifer Hayes

December 22, 2019

Hotel with hostel-style features coming to life in Silverthorne

A unique boutique hotel is taking shape in Silverthorne. Ground has been broken on The Pad, a boutique hotel with hostel-style accommodations, at 491 Rainbow Drive along the Blue River in Silverthorne’s downtown core area. The green deconstruction and full demolition of the former Robinson Dairy building is making way for the three-story, 27,800-square-foot project…

Jennifer Hayes

December 16, 2019

Salzman joins NorthMarq

Michael Salzman joined the production team of NorthMarq’s Denver office.

Jennifer Hayes

December 16, 2019

Grand Peaks, Aegon acquire Monaco South

Grand Peaks added a “family” asset to its portfolio with its recent southeast Denver acquisition. The Denver-headquartered firm, in partnership with Aegon Asset Management, paid $36 million, or $163,636 per unit, for Monaco South, a 220-unit community at 2280 S. Monaco Parkway in Denver. “Monaco South offered investors the opportunity to acquire an asset with…

Jennifer Hayes

December 15, 2019

GE Johnson Construction hires Elaine Kanelos

GE Johnson Construction Co. hired Elaine Kanelos as director of business development.

Jennifer Hayes

December 8, 2019

Whiskey on the Lodo

Instead of whiskey on the rocks, it’s a whiskey on the Lodo. In spring, construction will start on transforming Lodo’s Bar and Grill, owned by MCSV Holdings I LLC, at 1942 and 1946 Market St. into the fifth Dierks Bentley’s Whiskey Row restaurant and bar. Singer-songwriter Bentley’s and Riot Hospitality Group’s, Dierks Bentley’s Whiskey Row…

Jennifer Hayes

December 8, 2019

Clear Creek Commons sells to Griffis/Blessing for $18.75M

A sought-after active senior living community in the heart of downtown Golden sold for $18.75 million. Griffis/Blessing Inc. paid $416,667 per unit for Clear Creek Commons, a 45-unit community at 1027 Washington Ave. The 55-plus, active senior living community was sold by The Wolff Cos. of Scottsdale, Arizona. “Griffis/Blessing buying Clear Creek Commons shows that…

Jennifer Hayes

December 8, 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.