Ace

61-year-old Ace Hardware sells

What may be the first Ace Hardware store in the metro area recently traded hands. “I don’t know if it is the first, but it has to be one of the earliest ones,” said Rob Edwards, who handled the sale with fellow of Pinnacle Real Estate Advisors’ broker Tom Ethington. Officials from the hardware franchise,…

John Rebchook

August 15, 2016
FirstBank

FirstBank makes $36 million RiNo loan

Industry, the cutting edge collaborative workspace, has been in the local and national spotlight a lot since Jason Winkler and his wife, Ellen, opened it in RiNo in 2014. For example, a year ago, the Wall Street Journal described Industry, at 3001 Brighton Blvd., as “an example of the entrepreneurial forces that are luring a…

John Rebchook

August 15, 2016

Simpson buys two LoDo apartment communities

Denver-based Simpson Housing recently purchased two prized apartment communities in the LoDo/Ballpark neighborhood area of downtown Denver. Simpson Housing beat out numerous other potential buyers and paid $81.9 million, or $362,389 per door, for the 226-unit TwentyOne|01 apartment community at 2010 Market St. As part of the same transaction, Simpson also paid $62 million, or…

John Rebchook

August 1, 2016
Seagate

Seagate buys One Belmar Place

Seagate’s buying spree in the Denver area continues. Seagate Colorado Partners LLC recently paid $46.6 million, or $224,039 per unit, for the 208-unit One Belmar Place apartment community in Lakewood. With this purchase, Seagate now owns more than 1,500 apartment units in the metro area, according to Apartment Insights, the multifamily database owned by Cary…

John Rebchook

August 1, 2016

HFF’s Simon arranges Brighton financing

There was a lot of interest from lenders to provide the construction loan for the 288-unit Elements at Prairie Center apartment community in Brighton, said Josh Simon, a managing director for the Denver office of Holliday Fenoglio Fowler L.P. HFF arranged $39.45 million in construction and preferred equity financing for the development the community, which…

John Rebchook

August 1, 2016
Sunflower Bank

Denver corporate HQ for merged banks

Denver will serve as the corporate headquarters for two merged banking companies, officials said today. Kansas-based Sunflower Financial Inc., which has a presence in Colorado, and Texas-based Strategic Growth Bancorp Inc. today announced they are merging. On a pro forma basis, the combined holding company will be the third largest Colorado headquartered banking institution. Financial…

John Rebchook

July 28, 2016
parking

Paid parking coming to Cherry Creek Shopping Center

Cherry Creek Shopping Center today announced that it is investing in a state-of-the-art Smart Parking system to ensure shoppers and diners have easy, accessible parking at all times.

John Rebchook

July 21, 2016
Westminster

Westminster development unveiled

Construction is underway at the City of Westminster’s first mixed-use, transit oriented community at Westminster Station, set to open on July 25, officials announced on Monday,  Alto, a 70-unit affordable apartment development, is the first of several buildings planned by Adams County Housing Authority (ACHA) n a 6.5-acre parcel at the northwest corner of 71st […]

John Rebchook

July 18, 2016

CBRE sells W. Colfax center

West Colfax Avenue is taking off. The latest sign of the strength of the corridor is the sale of the Colfax Central retail center at the northwest corner of West Colfax Avenue and Wadsworth Boulevard in Lakewood. A private, California-based investor paid $5.93 million, or $418.79 per square foot, for the two-building, 14,148-sf center. It…

John Rebchook

July 18, 2016
aparmtents

Joule sets record sales price

The Joule, a 224-unit, 16-story building at 1000 Speer Blvd., certainly showed a lot of energy, carving out a record sales price per unit, in a crowded field of luxury apartment communities.

John Rebchook

July 18, 2016

John Rebchook has been taking the pulse of the Denver-area and Colorado commercial real estate world for almost 35 years. He joined the editorial staff of CREJ in 2011. Prior to that, he was the Real Estate Editor of the Rocky Mountain News from 1983 until it closed in 2009.