Arvada

CBRE sells Arvada community

Arvada increasingly is becoming an attractive target for apartment investors. No sale better reflects that than the recent purchase of the 264-unit Panorama at Arvada Ridge at 5654 Kipling Parkway. Seagate Properties, based in San Rafael, California, purchased the community for $58.5 million, records show. That equates to a sales price of $221,591 per unit…

John Rebchook

March 17, 2016
SkyHouse with video

SkyHouse Denver time-lapse video

[vc_video link="https://www.youtube.com/watch?v=oBOlHr7l-q8"]SkyHouse Denver, being built by a joint venture between Batson-Cook Construction and Swinerton Builders, is targeting an August opening.SkyHouse Denver is a 26-story, cast-in-place luxury apartment building featuring 354 apartments, 460 structured parking spaces and 6,900 square feet of ground-level retail at 18th and Broadway. The project is being developed by Novare Group, Simpson…

CREJ

March 16, 2016
Colleagues

CBRE leases downtown space for new ‘free-address’ offices

Subscriber Content   CBRE is moving its downtown Denver offices to the top two floors of Seventeenth Street Plaza, which will be a showcase for its global Workplace360 initiative. Currently scattered in several spaces in the building at 1225 17th St., the company will occupy the entire 32nd floor and a portion of the 31st…

Jill Jamieson-Nichols

March 15, 2016
Kelmore

Kelmore tapped at Lowry

Centennial-based Kelmore Development has developed about a million square feet of retail space since it was founded about 35 years ago.

John Rebchook

March 15, 2016
Office Plaza at Inverness

Melcor buys SE assets for $26.45 million

A 93-year-old real estate company expanded its Denver metro holdings with two office properties in the southeast suburban submarket.

Jill Jamieson-Nichols

March 15, 2016
ARA Newmark

Record year for apartments

Last year was one for the Denver-area multifamily housing record book. Investors paid a record $4.44 billion for apartment communities in the metro area last year, topping the previous record set in 2014 by $903 million, a 25.5 percent jump. The record pace is becoming a bit of a broken record, albeit a welcome one…

John Rebchook

March 15, 2016

Light rail’s impact on office is undeniable

In the past five years, prices for the land surrounding light-rail stations have doubled and, in some areas, tripled on a cost per-square-foot basis. One example is the Village Center Station near the Arapahoe light-rail station. About four years ago, the land was valued around $21 a square foot, and now it’s $60 a sf, said Tim Harrington, executive managing director of Newmark Grubb Knight Frank. At the other end of the line, property downtown within proximity of light rail has skyrocketed. It now ranges from $300 to $600 a sf.

Michelle Askeland

March 14, 2016
140 S. Union

Hotel company buys Union Square property for redevelopment

An industrial property in a changing part of Lakewood will undergo its own transformation following its $3.1 million sale. An affiliate of Provo, Utah-based Lodging Dynamics bought the 46,075-square-foot building on 2.76 acres at 140 S. Union Blvd. in Lakewood. It likely will raze the building to construct a hotel but will offer the building…

Jill Jamieson-Nichols

March 14, 2016

Redevelopment vision of Denver Performing Arts Complex takes center stage

Mayor Michael B. Hancock and Denver Arts & Venues announced the vision plan for the Denver Performing Arts Complex.

Jennifer Hayes

March 11, 2016

DMCAR honors Heavy Hitters

The Denver Metropolitan Commercial Association of Realtors recently honored its top commercial real estate producers of 2015 in land, industrial, multi-family, office, investment, retail, and small office broker categories at the association’s annual Heavy Hitters Awards.  In addition, DMCAR recognized its Young Broker of Denver, Impact Award Winner, Top Landlord companies in the office, retail…

John Rebchook

March 10, 2016