• Flywheel Capital invests $27.9M in Springs

    The buildings, which total 284,166 square feet, sold to Flywheel Capital, a privately held commercial real estate investment company with a focus on creating value by sourcing and managing value-add and stabilized assets across multiple property types.

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  • Why 1031 exchangers can’t have access to exchange funds

    Frequently asked questions by Colorado real estate investors, particularly those seeking tax deferral in a 1031 exchange, are “What happens if I identify replacement property before the 45-day identification period

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  • ‘Last, best’ office building on Platte in final design stages

    The Nichols Partnership is finalizing plans for a $120 million office/retail building on Platte Street’s last sizable development site. One Platte will include 247,000 square feet of office space, street-level retail/restaurant space and two levels of below-grade parking. It will be developed on 1.46 acres at 1701 Platte St. “We think it’s going to be phenomenally well-received because it’s basically...

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  • Prime West, Partners Group break ground on Newmont headquarters

    A 380,000-square-foot office building anchored by Newmont Mining Corp. has broken ground at Belleview Station, which Denver Mayor Michael B. Hancock called “the most dynamic and progressive transit-oriented development site in Denver.” Newmont becomes the second Fortune 500 company to choose the development at Interstate 25 and East Belleview Avenue for its headquarters. Western Union occupies One Belleview Station, which...

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  • Industrial building sells for $189 per square foot

    Gullo Cos. sold a 12,672-square-foot industrial building on 1.43 acres at 4960 Locust St. in Commerce City for $2.4 million, or $189.39 per sf. The property features a fully paved and secure yard. The buyer was a local investor, Eric Stern. “At nearly $190 per square foot, this sale shows again how strong the demand is for buildings with yard...

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  • Emerging Trends ranks Denver in top 10

    Denver made the Top 10 list in the latest Emerging Trends in Real Estate 2019 report, which was released Wednesday. Denver was ranked No. 8 of 79 metropolitan statistical areas in the comprehensive Emerging Trends report released by PwC US and the Urban Land Institute. In the Rocky Mountain region, Denver ranked first of eight cities. The Dallas-Fort Worth area...

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  • John Blumberg of Black Creek remembered

    “Frankly, most people in the business probably don’t know we’re out there,” John Blumberg told me 18 years ago. I was the real estate editor of the Rocky Mountain News and Blumberg was thrilled that a business-to-business site that facilitated the private placement of commercial real estate capital and was owned by his Denver-based Black Creek Group, had been named...

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  • Joint venture buys Sheraton Denver Downtown Hotel

    Denver HS-EF Court Place, LLC, a joint venture between Atlanta-based High Street Real Estate Partners and Eagle Four Partners of Newport Beach, California, has acquired the Sheraton Denver Downtown Hotel, the largest hotel in Colorado. Located on the 16th Street Mall, in the heart of Denver’s financial and business district, Sheraton Denver Downtown consists of 1,231 guest rooms and suites, 133,000...

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  • Colorado State Bank Building hits the market

    The Colorado State Bank building, a 26-story office tower that takes its name from its anchor tenant, has hit the market. The 445,595-square-foot Colorado State Bank Building is owned by LBA Realty, based in Irvine, Calif. “LBA Realty started buying distressed properties around 2002” and continued its buying spree for the next decade, according to John Winslow. Winslow expects the...

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  • State’s biggest single-story industrial building sells for $40.75M

    Cushman & Wakefield announced today the completed sale of Colorado’s largest single-story industrial building at 18875 E. Bromley Lane in Brighton. The 1.31 million-square-foot building, occupied by Sears, was purchased for $40.75M, according to Drew McManus, managing director in the firm’s Denver office. McManus represented the seller, Brighton Lease Management LLC, with Matt Trone and R.C. Myles, both of Cushman...

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