• Construction defects debate in offing

    As municipalities take it upon themselves to find ways to deal with construction defects issues, the debate will return to the Statehouse this session – and at least some legislators are optimistic. “I think the atmosphere is right this year for passage of this bill, whatever it may look like. It won’t be easy,” Sen. Kevin Grantham, R-Dist. 2, told...

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  • MIG picks up Dry Creek Business Park

    A large, high-quality flex development in Denver’s southeast industrial submarket sold for $27.75 million, or $113.72 per square foot. MIG Real Estate purchased Dry Creek Business Park, a 244,028-sf property at 7300-7348 S. Alton Way in Centennial from Greenfield Partners. The park consists of 15 buildings that are 93 percent leased to roughly 90 tenants. “We’ve been involved with that...

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  • Inverness Hotel a premier addition

    Silverwest Hotels LLC’s growing list of hotels now includes a premier property in its own backyard. Silverwest’s multimillion-dollar acquisition of the Inverness Hotel and Conference Center, on behalf of Silverwest Hotel Fund(s) I/IA, represents the Denver-based company’s first asset in the Denver metro area. “To have an anchor asset like the Inverness to add to our portfolio here, where we’re...

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  • Centre Point buys office building

    Centre Point Properties acquired Clear Creek Office Park at 4251 Kipling St. in Wheat Ridge for $7.8 million. The five-story building historically averages 85 percent or higher occupancy, but was 75 percent leased due to the loss of a large tenant while it was under contract, according to Centre Point President Tucker Manion. “We placed the asset under contract when...

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  • Community room hit in Natural Grocers

    When Natural Grocers opens a new store, neighbors often cheer that they have access to fresh organic foods that is it famous for selling.In addition its fresh food, all of its new stores, and recently remodeled ones, have something else ⎯ community rooms. In addition its fresh food, all of its new stores, and recently remodeled ones, have something else...

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  • Gelt enters Denver market

    In April 2014, California-based TruAmerica made its first apartment community acquisition in Denver by paying $55 million for the 564-unit Tamarac apartment community. Recently, TruAmerica sold the community on a 25.16-acre site at 3300 S. Tamarac Drive to another California company, Gelt Inc., for $74 million. It also was Gelt’s first purchase in Denver. The sale price represented a 34.5...

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  • Embassy Suites sets record price per key

    CWI 2 acquired the Embassy Suites Denver – Downtown/Convention Center hotel, an institutional-quality, full-service property with 403 suites situated in one of the top five U.S. lodging markets by RevPAR growth. (PRNewsFoto/Carey Watermark Investors 2)[/caption] The Embassy Suites by Hilton hotel across from the Colorado Convention Center eclipsed Denver’s previous record price per key with its sale to a New...

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  • RMI sale-leaseback nets $13 million

    A sale-leaseback with a Chicago buyer netted Rocky Mountain Instrument $13 million for its 89,360-square-foot headquarters facility on 8.7 acres in Lafayette. Zaragon Inc., a real estate investment and management company, purchased the property at 106 Laser Drive. RMI signed a 20-year lease with the new owner. The property includes excess land, which Zaragon is making available for a build-to-suit...

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  • Boulder to see first net-zero development

    A 100,000-square-foot office/retail development in Boulder will break ground in more ways than one. “We’re the first net-zero project in Boulder and one of the first in the country that I know of that hasn’t been built by either the government or a foundation,” said Andrew Bush of Morgan Creek Ventures in Boulder. A joint venture of Morgan Creek Ventures...

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  • Cherry Creek North hot

    Cherry Creek North is firing on all cylinders. Businesses in Cherry Creek North generated about $10 million in retail sales tax revenue for the City and County of Denver last year, which is believed to be a record. And Cherry Creek North is only getting started as far as revving its economic generation engine. “I would say that Cherry Creek...

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