• 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...

    1326
  • 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...

    1169
  • 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...

    1107
  • 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...

    1499
  • 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...

    1403
  • 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...

    1974
  • 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...

    1052
  • Trends in action: Union Station wing buildings

    The Union Station wing office buildings – often referred to as One Union Station and the IMA Building – exemplify many of the trends the Denver office property market is witnessing. A large part of both buildings’ success – each sold for over $600 per square foot to GLL Real Estate Partners, a German-based international asset manager in 2014 – can...

    1925
  • Granite to build 300,000-sf spec office building

    Granite Properties will change the Greenwood Village skyline with a 10-story speculative office building that will bring high-quality space to the southeast suburban submarket. “As owners of Plaza Tower One, and we see firsthand the demand for Class A office space, and the shortage of high-quality space in the market,” said Stephanie Lawrence, Granite Properties managing director. “We have strong...

    1888
  • Niederman, Hutto to develop One DTC West

    A 75,500-square-foot Class AA office building will be developed on the bustling East Belleview Avenue corridor in Denver Tech Center West. Kentwood Real Estate CEO Peter Niederman and Frank Hutto, a Denver energy industry executive, will develop One DTC West, an approximately $24 million project, at the northwest corner of East Belleview Avenue and South Niagara Street. Kentwood Real Estate,...

    3317