Priderock purchases Stone Mountain for $83 million

A sought-after Northglenn apartment community sold to a Florida-based investment firm adding to its Colorado multifamily holdings. ​Priderock Capital Partners, in a joint venture with a life insurance company, paid $83 million, or $259,375 per unit, for the 320-unit Stone Mountain Apartment Homes in Northglenn. ​Located at 11625 Community Center Driver, the 15-building community was […]

Jennifer Hayes

June 1, 2020

Single-tenant retail property in Fountain sells for $193 per sf

A single-tenant, triple-net leased property – part of the Markets at Mesa Ridge shopping center in Fountain – sold for $1.93 million. ​The 10,000-square-foot Dollar Tree is located at 6955 Mesa Ridge Parkway, just south of Colorado Springs and in close proximity to Fountain’s primary employer – Fort Carson. ​Constructed as a build-to-suit for Dollar […]

Jennifer Hayes

June 1, 2020

Single-tenant auto care retail property sells for $4 million

Marcus & Millichap assisted in the sale of a single-tenant retail property leased to Firestone Complete Auto Care in Weld County.  An undisclosed California-based private capital investor purchased the newly constructed retail property at the corner of Jake Jabs Boulevard and City Center Road in Firestone from seller and developer Hummel Investments for $4 million. […]

Jenna Walters

June 1, 2020

Broomfield apartments sell for $90 million

A newly constructed multifamily property sold for $90 million in Broomfield.  Oakmont Properties purchased Fusion 355, a 286-unit apartment complex at 355 Eldorado Blvd., from seller AG Spanos. Both the buyer and seller are California based. Dan Woodward, David Potarf and Matt Barnett with CBRE Capital Markets in Denver represented the seller, while Marc Ross […]

Jenna Walters

June 1, 2020

Alliance continues work on Kappa Tower II, Fitzsimons Hyatt House Hotel

Alliance Construction Solutions continues to make progress on its Kappa Tower II and Fitzsimons Hyatt House Hotel projects. While neither project has faced notable job-site challenges due to the pandemic, COVID-19 has yielded some impacts to the schedule due to social distancing protocols

Kris Oppermann Stern

June 1, 2020

Update: Life company activity during the COVID-19 pandemic

Here’s the “quick and dirty” from our perspective: Lending activity isn’t dead, but it isn’t very predictable right now either. While many aspects of the commercial real estate world have been put on hold during

CREJ

June 1, 2020

Loan workouts: First steps for commercial property owners

Large numbers of commercial property owners are facing prospects of imminent default under their loans as a result of the current public health and economic crises. Sudden and precipitous drops in revenues,

CREJ

June 1, 2020

Wedge Brands plans facility at Colorado Outdoor campus

The largest opportunity zone venture investment to date in the country is spurring development in Montrose. Colorado Outdoors Pearl Fund LP invested $1 million from its newly formed qualified opportunity zone business fund into outdoor industry holding company Wedge Brands LLC, which announced plans to build a 76,000-square-foot distribution and third-party logistics center on the […]

Jennifer Hayes

May 25, 2020

Value-add industrial property trades for $3.25 million

A local buyer acquired a value-add industrial property in the heart of Denver’s central submarket for $3.25 million. The more-than-30,000-square foot multitenant property at 5830 Downing St. was purchased by 5830 Downing Street LLC, which is planning improvements to the asset. “While the property had a prime location and multitenant industrial components, it had no […]

Jennifer Hayes

May 24, 2020

JE Dunn breaks ground on CSU System’s Spur campus in Denver

JE Dunn broke ground this month Colorado State University System’s new Denver campus. Spur will allow the public to explore and interact with educational content around water, food and health.

Kris Oppermann Stern

May 22, 2020