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Arnie Meranski has had a relationship with the Iliff Crossing Shopping Center in Aurora that dates back to the early 1990s. “I bought it three times and sold it once,” said Meranski, founder and head of Western Centers. Confusing? Not really. That is because in each transaction, the common denominator was Meranski himself. “The Iliff…

At the heart of conversations about the Breakers Resort with the original developer as well as the new majority owner, the discussions always end up acknowledging an emotional connection to the project.

CBRE Hotels has arranged the sale of the 134-room Four Seasons Resort and Residences in Vail for $121 million. The price per key was $903,000, a record for Colorado that far surpasses the $144,000-per-key average sale price for U.S. hotels, according to CBRE Hotels. The purchase by Extell Development Co. of New York City was…

Steadfast Apartment REIT III Inc., based in Irvine, California, announced on Tuesday that it paid $47.4 million for the 240-unit Bristol Village in Aurora. The sales price equates to $197,500 per unit. Tru America Multifamily, based in Los Angeles, paid $34.35 million or $143,125 per unit, in 2014, according to public records.  “We are excited…

Pinnacle Real Estate Advisors LLC announced the sale of a 12-unit apartment building in Arvada. The seller paid $1.55 million, or $129,167 per unit, for the building constructed in 1959 at 9990-10000 W. 59th Ave. Pinnacle did not release the name of the buyer or the seller. The building is just east of Kipling Street…

Denver-based Revesco Properties bought a trio of buildings in Olde Town Arvada for $6.55 million. The portfolio consists of: • 5773-5777 Olde Wadsworth Blvd., a 24,876-square-foot building on 18,729 sf of land. Tenants include a real estate sales office, attorney’s office, the Arvada Eggshell restaurant and retailers, with multifamily on the top floor. • 5707…

When Aspen Grove opened its doors in November 2001, it was heralded as one of the first open-air “lifestyle” centers in the Denver area. The center, which was designed by Chicago-based Anthony Bellluschi Architects on 32.7 acres at 7301 S. Santa Fe Drive in Littleton, also was one of the first major retail developments near…

Koelbel & Co. began buying land near what was then the Lowry Air Force Base in the late 1970s and early 1980s. “It was a B-minus or a C-plus location,” recalled Walter “Buz” Koelbel, president of his namesake, family owned real estate development dynasty. The 190-acre site, around a large, but hidden, lake became the…

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