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Headline NewsWho says the Denver real estate bubble has to burst?
At first blush, Denver’s commercial real estate markets may appear to be due for a downturn, but a data-driven look at the market suggests otherwise. After breaking into the top 10 for the first time in 2016,
By CREJ493 -
Headline NewsOffshore investor buys 1670 Broadway
An offshore investor bought 1670 Broadway, an iconic office tower with the strongest credit tenancy in downtown Denver, for just under $240 million. UBS Realty Investors LLC sold the building, anchored by TIAA, to a group representing Pacific Rim capital. The entity name wasn’t immediately available. UBS recently completed a major redevelopment of the 36-story tower, adding a new four-story,...
By Jill Jamieson-Nichols198 -
Headline NewsPathfinder Partners picks up Aurora apts. for $18.3M
Pathfinder Partners paid $18.3 million for the 119-unit community at 12000 E. Kansas Drive in Aurora.
By Jennifer Hayes606 -
Construction & Design, Headline NewsParc Santa Fe industrial development is underway in Littleton
Jackson-Shaw, a national real estate development company, and LaPour Partners, a regional real estate company, have partnered to break ground on Parc Santa Fe, a 345,126-square-foot, three-building urban industrial development in Littleton.
By Kris Oppermann Stern467 -
Headline NewsKaplan adds Coloradoan building to Riverside property
A Fort Collins developer has acquired the Coloradoan building in a value-add play that will dovetail nicely with a renovation he’s been doing next door. Les Kaplan of Imago Enterprises Inc. bought the approximately 37,220-square-foot Coloradoan building at 1300 Riverside Ave. from media company Gannett MHC Media Inc. for $4.01 million. The newspaper will remain on the second floor, but...
By Jill Jamieson-Nichols43 -
Headline NewsUser pays $112 per square foot for warehouse building in Denver
An industrial user that was looking for additional space found it in a building centrally located building off of Interstate 70 in Denver. JPE Properties LLC, comprised of the owners of FMH Material Handling Solutions Inc., purchased a 56,376-square-foot warehouse at 4751-4755 E. 46th Ave. It paid $6.3 million, or $112 per sf, for the building and will occupy half...
By Jill Jamieson-Nichols39 -
Headline News, Rebchook Real Estate CornerForest City being sold
Forest City has been a force in Denver for the past two decades. In 1998, the city of Denver named Forest City, now a real estate investment trust, the master developer of the former Stapleton International Airport. “Stapleton is one of the largest urban infill redevelopment projects in U.S. history,” crowed the Cleveland-based Forest City Realty Trust Inc. at an...
By John Rebchook527 -
Headline NewsNexGen buys Highlands Ranch medical office building
NexGen Properties has acquired one of a handful of medical office buildings in Highlands Ranch. The Greenwood Village based company paid $4.73 million, or $204.37 per square foot, for the EastRidge Medical Office Building, a 23,119-sf building on 2.15 acres at 6660 Timberline Road. LNR Partners sold the real estate-owned property via a Ten-X Commercial Real Estate auction. Larry Thiel,...
By Jill Jamieson-Nichols694 -
Headline News, Rebchook Real Estate CornerNewmont Mining leaving HQ space
Newmont Mining Corp., the world’s largest gold producer, plans to vacate its current world headquarters in Greenwood Village – but not right away. Newmont, which has a market cap of almost $20 billion, plans to leave the 233,950 square feet it leases in the Palazzo Verdi building in October 2020. Newmont was an original and anchor tenant in the tower...
By John Rebchook559 -
Headline News
SCL Health pays $11.59 million for Clear Creek Crossing site
SCL Health closed on the $11.59 million purchase of 26.6 acres of land in Wheat Ridge, but said it hasn’t determined exactly how it will use the site. The highly visible property is part of Evergreen Devco Inc.’s planned Clear Creek Crossing, located at the southwest quadrant of Interstate 70 and Colorado Highway 58. The development will include retail, entertainment,...
By Jill Jamieson-Nichols308