Cedar Run community sells for $62 million

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…

Jennifer Hayes

May 31, 2019

Skramstad joins Elsy Studios

Natalie Skramstad joined Elsy Studio’s interior design team.

Jennifer Hayes

May 24, 2019

Safari Club Apartments in Denver trade for $16.8 million

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…

Jennifer Hayes

May 24, 2019

Fully leased Park Meadows area property sells for $4.35M

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…

Jennifer Hayes

May 24, 2019

Krasnow joins Crescent Communities

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

Jennifer Hayes

May 17, 2019

Fairfield hotel in Colorado Springs sells for $10.95 million

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…

Jennifer Hayes

May 17, 2019

Single-tenant, net-leased property in Montrose trades at 5.5% cap rate

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. 

Jennifer Hayes

May 17, 2019

Martinez joins CBRE|Heery’s Denver design office

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 […]

Jennifer Hayes

May 13, 2019

Greyhound site comes to market

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…

Jennifer Hayes

May 13, 2019

Lionheart plans hotel, condos at Peak 8 base

A Miami-based global real estate development and investment firm purchased a 4.1-acre parcel at the base of Peak 8 in Breckenridge. The buyer plans to develop a branded full-service hotel with 150 keys to be managed by Vail Resorts’ hospitality division, approximately 35 wholly owned residential condominiums, a spa and fitness center, a restaurant, bar…

Jennifer Hayes

May 13, 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.