Boulder buyer adds to collection of assets in south Longmont
A Boulder company stepped up its commitment to the southern Longmont flex/industrial market with the acquisition of three buildings for $7.4 million. Chernoff Boulder Properties, a hands-on, boutique commercial real estate development firm, bought the buildings at 1801, 1811 and 1821 Lefthand Circle. Totaling 20,000 square feet each, they are located in the Campus at…
Kris Oppermann Stern
February 14, 2020Porteos blazes trail for industrial development at DIA
A business park that initially received little notice within the Denver industrial real estate community has proven itself worthy of national attention. Walmart, Kärcher North America, Costco and Ryder are among companies that have acquired land for industrial development at Porteos, a 1,287-acre commercial mixeduse site 2 miles south of Denver International Airport’s main terminal.…
Kris Oppermann Stern
February 10, 2020SKB to pump life into industrial asset
A pair of brick-and-timber buildings that were part of a World War II medical supply depot will be revived as inner-urban industrial and creative office space. ScanlanKemperBard, in a joint venture with Harbert Management Corp., purchased 3800 Steele, which includes 482,700 square feet of warehouse space on approximately 35 acres stretching from Steele to York…
Kris Oppermann Stern
February 10, 2020CWCapital, Kenai invest $41 million in industrial portfolio
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Kris Oppermann Stern
February 7, 2020Institutional investor buys 92 apartment units in Boulder
A real estate investment manager that recently spent $146.3 million on downtown Boulder office buildings invested another $27.66 million in apartment properties. Clarion Partners, through separate entities, bought 2121 Canyon, a 60-unit community, and 2000 Walnut, which comprises 32 units, for $17.18 million and $10.48 million, respectively, according to public records. Affiliates of Boulder-based Element…
Kris Oppermann Stern
February 6, 2020Brookfield fund buys Denver City Center
Shorenstein Properties LLC has sold Denver City Center in downtown Denver to an institutional investor for $400 million in one of the largest single-asset sales in Denver history. A fund managed by Brookfield Properties was the buyer. Denver City Center consists of adjacent 42- and 29-story office buildings at 707 and 717 17th St. It…
Kris Oppermann Stern
February 3, 2020MPC breaks ground on AvalonBay Communities’ AVA RiNo multifamily project
Martines Palmeiro Construction began construction in December on AvalonBay Communities Inc.’s first ground-up apartment community in the greater Denver area, this one in the River North Art District.
Kris Oppermann Stern
February 3, 2020LaSalle buys newly completed Parc Santa Fe for $58 million
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Kris Oppermann Stern
February 2, 2020User buys office/flex building off Harmony for $6.49 million
A Northern Colorado concrete company recently cemented the acquisition of an office/flex building off the East Harmony Road corridor in Fort Collins. Peak Cos., which was occupying the 37,993-square-foot building at 4862 Innovation Drive on a short-term lease, purchased the property for $6.49 million, or $170 per sf. Oakridge Innovation LLC was the seller. Josh…
Kris Oppermann Stern
February 2, 2020Nevada group picks up Western Union’s former global headquarters
Western Union sold its former global headquarters buildings in Englewood for $40 million. A Reno, Nevada-based group bought the 391,240-square-foot campus in Meridian International Business Center through an entity called Meridian Office Partners LLC. The campus consists of two buildings, 192,779 and 198,461 sf, at 12500 and 12510 E. Belford Ave. Connected by a basement-level…
Kris Oppermann Stern
February 2, 2020