DEN site selected for Rocky Mountain Real Estate Challenge
Land Title Guarantee Co. and NAIOP Colorado, the Commercial Real Estate Development Association, selected a portion of a 60-acre parcel owned by Denver International Airport at East 61st Avenue and Peña Boulevard in Denver as the subject for the 18th annual Rocky Mountain Real Estate Challenge to be held Tuesday, April 28. The challenge is…
CREJJanuary 17, 2020
Western Union sells former HQ for $40 million
Western Union sold its former headquarters buildings in Englewood for $40 million. A Reno, Nevada-based group bought the 391,240-square-foot campus in Meridian International Business Center. It consists of two buildings, 192,779 and 198,461 sf, at 12500 and 12510 E. Belford Ave. Connected by a basement-level walkway, the buildings include office and data center space, a…
Jill Jamieson-NicholsJanuary 17, 2020
Denver slips in ULI ranking, but remains a top 20 market
Denver’s position slipped in the latest Emerging Trends in Real Estate report, but the city remains in the top 20 markets to watch nationally in 2020. In terms of overall real estate prospects, Denver ranked 17th in the nation, down from No. 8 last year. The lower ranking shouldn’t be concerning because there is less…
Jill Jamieson-NicholsJanuary 16, 2020
Fox Crossing community sells for $32.25 million
An investment firm that acquires, owns, renovates and operates affordable, workforce and value-oriented apartment communities across the U.S. made a $34.25 million purchase in Denver. Avanath, according to public records, purchased Fox Crossing, a 220-unit affordable housing community at 8350 E. Yale Ave. It purchased the community from Legacy Partners. Dan Woodward, David Potarf and…
Jennifer HayesJanuary 13, 2020
MW Golden Constructors builds Sandstone Ranch
MW Golden Constructors recently broke ground on Sandstone Ranch in Larkspur. It will be Douglas County’s newest open space when work is completed.
Kris Oppermann SternJanuary 12, 2020
BHP, city create 120 units of permanently affordable housing
Boulder Housing Partners and the city of Boulder have broken ground on a 120-unit permanently affordable housing community – the most significant development of its kind in the city’s history. BHP is the master developer of the project, called 30Pearl. It will be located on 4.6 acres at 2630 30th St. in Boulder Junction, a…
Jill Jamieson-NicholsJanuary 11, 2020
Developers break ground on Hilltop Reserve senior living community
Ascent Living Communities, Focus Property Group and Blue Moon Capital Partners recently broke ground on a state-of-the-art senior living community in Denver’s Hilltop neighborhood. The former milk processing and distribution center will provide a contemporary, metropolitan-style living environment with community services and amenities for active seniors.
Kris Oppermann SternJanuary 6, 2020
Advenir at Spring Canyon apts. sell for $69.3 million
A new buyer to the Colorado Springs market purchased the Advenir at Spring Canyon apartment community at record pricing. Benedict Canyon Equities paid $69.3 million, according to public records, for the 292-unit community at 4510 Spring Canyon Heights. At $237,329 per unit, the price appears to be a record per-unit price paid for 1990s product…
Jennifer HayesJanuary 6, 2020
New retail building at 2534 sells for $4.66 million
A 100%-leased multitenant retail building at 2534 in Johnstown sold to an investor who knows the area well. Gerrard Family Limited Partnership LLLP paid the full asking price of $4.66 million, or $665.71 per square foot, for the 7,000-sf building at 4930 Thompson Parkway. The partnership is managed by Gary Gerrard, one of the original owners and master developers of 2534. Given his familiarity with the development, “We couldn’t have had a better buyer,” said Zander Rodriguez of David Hicks & Lampert Brokerage.
Jill Jamieson-NicholsJanuary 6, 2020
Brinkman buys newly built SpringHill Suites in Parker
Brinkman has acquired a newly completed hotel in Parker as part of a long-term investment strategy. Brinkman, in partnership with Utah-based developer Colmena Group, purchased the 108-room SpringHill Suites by Marriott at 9355 Silverado Drive. The price was $17.28 million, or $160,000 per key. The 66,641-square-foot building is located off Silverado and North Pine Lane, less than a mile from the intersection of E-470 and Parker Road. The upper-midscale hotel features a breakfast area, 356 sf of meeting space, an indoor pool, fitness center, lobby workstation, market pantry and guest laundry area.
Jill Jamieson-NicholsJanuary 3, 2020