A Canadian company, in its first Denver-area purchase, recently paid $47.88 million for the 228-unit Carrick Bend apartment community in Northglenn.

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Centennial-based Stonebridge Cos. is set to break ground on Boulder’s newest hotel. The Residence Inn by Marriott will occupy a 1.65-acre site at the southwest corner of 26th Street and Canyon Boulevard, within the Village Shopping Center. The four-story hotel will feature 155 guest rooms, along with a swimming pool, lounge, fitness center and business…

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Financier Jordan Ray knows Aspen, even though he is based in New York City.

Centennial-based Kelmore Development has developed about a million square feet of retail space since it was founded about 35 years ago.

A 93-year-old real estate company expanded its Denver metro holdings with two office properties in the southeast suburban submarket.

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In the past five years, prices for the land surrounding light-rail stations have doubled and, in some areas, tripled on a cost per-square-foot basis. One example is the Village Center Station near the Arapahoe light-rail station. About four years ago, the land was valued around $21 a square foot, and now it’s $60 a sf, said Tim Harrington, executive managing director of Newmark Grubb Knight Frank. At the other end of the line, property downtown within proximity of light rail has skyrocketed. It now ranges from $300 to $600 a sf.

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