Schnitzer West has announced plans for three 16-story office towers designed to appeal to millennial workers migrating to the suburbs in search of housing and easy commutes. Westray, born from the idea of looking west, will consist of approximately 850,000 square feet of Class A office space on 11 acres at 6363 Greenwood Plaza Blvd. in Centennial. The site is across the street from Fiddler’s Green Amphitheatre and just west of the Arapahoe at Village Center lightrail station.

Sage Hospitality, along with Walnut Development Partners and EXDO Development, recently broke ground on a new hotel development in Denver’s River North Art District. The unnamed hotel is located at 3770 Walnut St., steps from the 38th and Blake commuter rail station.

Denver-based Corum Real Estate Group will develop a combined 400,000 square feet of speculative industrial space on two sites it acquired in metro Denver. Gateway Central 64 will be located at 2101 W. 64th Ave. in Adams County, just north of the Interstate 76 and Pecos Street interchange. It will consist of two front-park, rearload…

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A local partnership that buys and repositions troubled medical office buildings reaped the rewards of its efforts with the $31.2 million sale of three of its 12 buildings in metro Denver and Colorado Springs. American Healthcare Investors, which manages health care real estate valued at more than $4 billion, bought the buildings from a partnership that includes Neil Littmann and W. Scott Reichenberg of Signature Partners Inc. and The Colorado Group, and James Turpen and Virginia Hartmere of Centum Health Properties Inc.

A single-tenant industrial building with 3 acres of yard – a property type that’s difficult to find in the Denver market these days – sold for $10.6 million, or $109.46 per square foot. Lincoln Advisory Group bought the property at 5555 Joliet St. in Denver on behalf of the state of Oregon’s pension fund. Key…

Los Angeles-based Lowe purchased 7979 E. Tufts, an 18-story office tower in the Denver Tech Center, for $62.25 million, according to Denver County records. Also known as Stanford Place II, the 366,184-square-foot Class A office building is located off Interstates 25 and 225. Western Union is a major tenant. “Denver is a solid office market…

Denver Metro Village, MGL Partners and Milender White began construction on the renovation and expansion project for DMV in Denver. Located on West Colfax Avenue off Quitman and Raleigh streets, DMV has been providing affordable housing for seniors for more than 50 years.

A 1970s industrial property on the Interstate 70 corridor in Denver changed hands at $14.75 million, or $98 per square foot. BKM Capital Partners bought the 150,245-sf Crossroads Distribution Center from Denver based Kew Realty. BKM, a Newport Beach, California-based institutional fund manager, will spend approximately $1.2 million on capital improvements to the property at…

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