ASB Real Estate Investments has acquired a three-building, Class A warehouse portfolio totaling 633,193 square feet in Denver’s Airport submarket for $72 million. The investment was made on behalf of ASB’s Allegiance Real Estate Fund, a $7.5 billion core vehicle. A Blackstone affiliate, Link Properties, was the seller. Fully leased to Subaru of America, Home Depot, and Old West Mattress Company respectively, the three buildings include 22100 E. 26th Ave. (406,959 sf) in Aurora, 9410 Heinz Way (140,630 sf) in Commerce City and 18300 E. 28th Ave. (85,604 sf) in Aurora.

GH Phipps recently completed the addition to McKinley- Thatcher Elementary school in Denver. The addition was designed by the Cuningham Group. McKinley-Thatcher now has six new classrooms, including a technology lab and art studio, a new gymnasium floor and outdoor learning spaces.

A mission-critical operations center leased to the top oil and gas producer in the Denver-Julesburg Basin sold for $32.5 million, or $282 per square foot. Occidental Petroleum Corp., which recently acquired Anadarko Petroleum Corp., occupies the entire two-story, 114,524-square-foot building, located at 501 N. Division Blvd. in Platteville. Occidental has more than a decade remaining on its lease. Platteville Energy Partners I LLC sold the property. The buyer’s name wasn’t disclosed, but Weld County records list it as CIM OFC Platteville CO LLC, which apparently is affiliated with Phoenix-based CIM Group.

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Investcorp and Schnitzer West announced that TerraCap Management, a privately held investment firm with its headquarters in Estero, Florida, has purchased Centerpoint I & II in Denver for $77.5 million. Centerpoint I & II occupy a combined 3.6 acres at the intersection of Colorado Boulevard and Interstate 25, midway between downtown Denver and the Denver Tech Center. Tenants have access to walkable amenities and light-rail. Centerpoint I is a 168,486-square-foot, 14-story office tower and Centerpoint II is a 205,534-sf, 16-story tower. Schnitzer West and Investcorp purchased the adjacent Class-A towers in 2016.

Stantec is serving as the architect and interior designer for the new regional headquarters campus for Kiewit Corp. The approximately 400,000-square-foot office complex is designed to accommodate more than 1,700 employees. Stantec is also providing landscape architecture and lighting design for the facility. Kiewit Building Group is leading construction as the general contractor for the project.

A user paid $16 million for a build-to-suit in Encompass Business Park, where a new speculative industrial building is being delivered and plans for another 171,000 square feet are underway. Rincon Research Corp., a defense contractor, exercised an option to buy the office building it occupies at 7140 S. Potomac St. in the Centennial business…

A record number of apartment units were absorbed in Northern Colorado in the third quarter, keeping the vacancy rate in check even as new supply hit the market. “Absorption can only be described as explosive, with 664 units absorbed this quarter, exceeding the record 415 units absorbed during the second quarter of 2017 by 60%,”…

The city of Westminster is partnering with developer Schnitzer West to bring 650,000 square feet of office development to two sites in Downtown Westminster. The first building will include ground floor retail with six to seven stories of office space above. It will be located in the heart of the 105-acre redevelopment site, which houses Alamo Drafthouse, 600 residential units that are either completed or under construction, and an Origin Hotel slated for completion in early 2020. Downtown Westminster is on the west side of U.S. Highway 36 at the Sheridan Boulevard interchange.

All Copy Products has a new headquarters in Denver’s Lincoln Park, bringing its Denver workforce together into a headquarters that will support its collaborative culture and allow for future growth. Designed by MOA Architecture, the project was built by Bryan Construction.