Griffis grows with $73.25 million Cherry Creek purchase

Griffis Residential grew its metro Denver apartment portfolio with its purchase in Cherry Creek. The multifamily real estate investment company purchased the Alexan Cherry Creek community – renamed Griffis Cherry Creek North – from Trammell Crow Residential for a reported $73.25 million, according to public records. JLL declined to comment on transaction specifics but noted […]

Jennifer Hayes

December 7, 2020

Blue Dot Place sells to local ownership group for $13 million

The first multifamily community constructed in downtown Colorado Springs since the 1960s sold to local buyers planning to continue the legacy of the property. Local buyers Ray, Tim and Brian Rhodes paid $13 million, or $393,393 per unit, according to public records, for Blue Dot Place, a 33-unit community at 412 S. Nevada Ave. The […]

Jennifer Hayes

December 7, 2020

Loveland industrial campus sells for $15.5M

The Rocky Mountain Center for Innovation and Technology is under new ownership following a $15.5 million sale of the multibuilding campus. RMCIT LLC purchased the 811,817-square-foot, Class B office/flex industrial campus in Loveland from Kentucky based seller Cumberland & Western Resources LLC. Mike Eyer, Mike Camp, Julius Tabert and Greg Haynes of CBRE represented the […]

Jenna Walters

December 7, 2020

Two-property Boulder industrial portfolio sells for $7.9M

The Boulder properties in a two-property industrial portfolio sold to separate buyers for a combined $7.9 million. Working on behalf of the related entities 7077 Winchester LLC and 5735 Arapahoe LLC, Jaimee Keene, Rick Egitto and Taylor Doyle of Avison Young marketed the industrial properties at 7077 Winchester Circle and 5735 Arapahoe Ave. as a […]

Jenna Walters

December 7, 2020

3 potential tax law changes that would affect investors

As the presidential election appears to be concluded, commercial real estate investors are now strategizing for the future impacts of new taxation policies under a different administration.

CREJ

December 7, 2020

Elsy Studios brings brand-driven design to AvalonBay Communities space in DTC

Elsy Studios, a Denver based full-service commercial interior design firm, recently completed AvalonBay Communities Inc.’s new 7,000-square-foot Denver office on the 10th floor of the 50Fifty office tower in the Denver Tech Center.

Kris Oppermann Stern

December 6, 2020

Flywheel to start spec office development

The first speculative office development in nearly a decade in Colorado Springs is set to break ground in January. Flywheel Capital plans to break ground on Peak Technology Campus, a 210,000-square foot, Class A project in Peak Innovation Park, the 900-acre master-planned business park at the entrance of the Colorado Springs Airport. The spec development […]

Jennifer Hayes

November 30, 2020

Greenhouse sells for $13.5 million

A state-of-the-art marijuana building/grow operation in Denver recently sold for $13.5 million. Enidron 43 LLC purchased the 36,188-square-foot building at 5290 E. 43rd Ave. from CO E43 LLC. The seller bought the undeveloped land in 2016 and, with future tenant, Lightshade Labs, built the property to suit, according to Fuller Real Estate. Lightshade Labs signed […]

Jennifer Hayes

November 30, 2020

Boutique hotel opens in Lower Highlands

A newly opened boutique hotel with an attached bar and restaurant is the first of its kind in Denver’s Lower Highlands neighborhood. LifeHouse, a national boutique hotel brand, opened its ninth location at 3638 Navajo St. last month. The new 15-room hotel will feature Wildflower, a cocktail bar, restaurant and café that will include outdoor […]

Jenna Walters

November 30, 2020

Two-property DTC portfolio sells for $28M

A national investment management company acquired two Denver Tech Center office properties in a $28.7 million portfolio sale. TerraCap purchased a two-building, Class A office portfolio totaling 181,000 square feet at 5575 DTC Parkway and 4949 S. Syracuse St. from seller CapRidge Partners. Tim Richey, Charley Will, Jenny Knowlton and Chad Flynn of CBRE represented […]

Jenna Walters

November 30, 2020