H.W. Houston Construction, DLR Group deliver expanded Pueblo Convention Center

Last month, H.W. Houston Construction and DLR Group celebrated the opening of the expanded Pueblo Convention Center with representatives from the city of Pueblo and the state of Colorado. 

Kris Oppermann Stern

June 23, 2019

HFF arranges $220 million loan for 1144 Fifteenth

A $220 million loan was arranged by Holliday Fenoglio Fowler LP for a Class AA office building in downtown Denver. The HFF team, including Senior Managing Director Eric Tupler, worked on behalf of the borrower, Hines, and its equity partner to secure a 17-year, fixed-rate permanent loan through New York Life Real Estate Investors, on…

Jennifer Hayes

June 22, 2019
7909 S. Chambers

Single-tenant industrial building with yard fetches $12.38M

A 52,000-square-foot industrial building on a nearly 8-acre site in Centennial changed hands at a price of $12.38 million. The state-of-the-art building at 7909 S. Chambers Road in Dove Valley Business Park was built in 2018 for a nationally recognized tenant, RoadSafe Traffic Systems. It sits on 7.94 acres with a large, fenced yard. Records…

Jill Jamieson-Nichols

June 21, 2019

Howell Construction completes Western Union’s global headquarters

Howell Construction, Gensler and Jacobs recently completed Western Union’s global headquarters relocation project, referred to as “Project Hometown.” The Western Union Co. is a Fortune 500 financial services and communications company that is now headquartered in the Denver Tech Center. 

Kris Oppermann Stern

June 16, 2019
Airways Business Center

Interest in Airways buildings is sky-high

Four Class A distribution buildings at Airways Business Center produced a feeding frenzy among investors before selling to a real estate investment trust for $48.27 million. Records show EastGroup Properties paid $126.32 per square foot for Buildings 2, 4, 5 and 6, which account for 382,137 sf of space in Denver’s leading industrial submarket. “I…

Jill Jamieson-Nichols

June 16, 2019

Armstrong connects with Arvada center

Armstrong Capital Development LLC made its second retail purchase along the Front Range since December with its purchase of Arvada Connection. The Denver-based private equity real estate investment, development and management company paid $17.5 million for the approximately 54,000-square-foot center at 5220 Wadsworth Blvd. in Arvada. “We are very pleased to have invested in the…

Jennifer Hayes

June 15, 2019

Local accountant ups his investments with Monaco Tower

A value-add office building in Glendale sold to a local accountant for $5.8 million, or $91.82 per square foot. Benjamin Borgers bought Monaco Tower, a six-story, 63,170-sf building at 925 S. Niagara St., from an entity managed by Stabilis Capital Management LP. Stabilis modernized the building systems and infrastructure after acquiring the property in 2014…

Jill Jamieson-Nichols

June 15, 2019
13575 E. 37th Ave.

Karis Capital fills niches with two industrial developments

A Chicago area company that seeks to fill a niche with each of its projects has $85 million worth of industrial deals in the pipeline in Denver. Karis Capital is under construction on a 163,790-square-foot front-park, rear-load building with trailer parking for tenants as small as 40,000 square feet at 1910 N. Gun Club Road…

Jill Jamieson-Nichols

June 14, 2019
Home2Suites

Hotel developer checks into Broomfield with Home2 Suites

A Dallas-based hotel development company is checking into the Denver market with plans for a Home2 Suites by Hilton in Broomfield. Fayth Hospitality Group LLC, led by hotel industry veterans Greg Fay and Randy Churchey, expects to break ground on the 107-suite hotel at 505 Zang St. this summer. Opening is targeted for summer 2020.…

Jill Jamieson-Nichols

June 14, 2019
Gateway Building 21

Clarion buys more industrial assets from Pauls

Clarion Partners, which completed a record-setting industrial acquisition in the Denver market last year, has acquired more than $78 million in additional properties from the same seller. The Pauls Corp., which sold its 1.93 million-square-foot industrial portfolio at Gateway Park in Aurora to Clarion for $206.06 million last year, sold the additional assets to Clarion…

Jill Jamieson-Nichols

June 13, 2019