Luxe at Mile High apts. sell for $145 million

A 382-unit community located in the shadow of Empower Field at Mile High Stadium sold for $145 million, or $379,581 per unit. OZH Holdings 2 LLC, according to public records, purchased Luxe at Mile High at 3200 W. Colfax Ave. in Denver. “Luxe at Mile High was an interesting transaction because it sold before it…

Jennifer Hayes

February 10, 2020

Gelt pays $145.5M for Lakewood apts.

A Los Angeles-based real estate investment and asset management firm boosted its metro Denver apartment portfolio with its $145.5 million buy of the Kallisto at Bear Creek community. Gelt Inc. paid $308,263 per unit for the 472-unit community at 2605 S. Miller Drive in Lakewood. “Gelt has been attracted to the Denver market because the…

Jennifer Hayes

February 10, 2020

Porteos blazes trail for industrial development at DIA

A business park that initially received little notice within the Denver industrial real estate community has proven itself worthy of national attention. Walmart, Kärcher North America, Costco and Ryder are among companies that have acquired land for industrial development at Porteos, a 1,287-acre commercial mixeduse site 2 miles south of Denver International Airport’s main terminal.…

Jill Jamieson-Nichols

February 10, 2020

SKB to pump life into industrial asset

A pair of brick-and-timber buildings that were part of a World War II medical supply depot will be revived as inner-urban industrial and creative office space. ScanlanKemperBard, in a joint venture with Harbert Management Corp., purchased 3800 Steele, which includes 482,700 square feet of warehouse space on approximately 35 acres stretching from Steele to York…

Jill Jamieson-Nichols

February 10, 2020

Institutional investor buys 92 apartment units in Boulder

A real estate investment manager that recently spent $146.3 million on downtown Boulder office buildings invested another $27.66 million in apartment properties. Clarion Partners, through separate entities, bought 2121 Canyon, a 60-unit community, and 2000 Walnut, which comprises 32 units, for $17.18 million and $10.48 million, respectively, according to public records. Affiliates of Boulder-based Element…

Jill Jamieson-Nichols

February 6, 2020

Brookfield fund buys Denver City Center

Shorenstein Properties LLC has sold Denver City Center in downtown Denver to an institutional investor for $400 million in one of the largest single-asset sales in Denver history. A fund managed by Brookfield Properties was the buyer. Denver City Center consists of adjacent 42- and 29-story office buildings at 707 and 717 17th St. It…

Jill Jamieson-Nichols

February 3, 2020

Oak Coast Properties pays $143 million for Courtyards at Buckley

Oak Coast Properties picked up its 12th Denver community with its $143 million purchase of the Courtyards at Buckley in Aurora. With the acquisition of the Courtyards at Buckley, Oak Coast has completed $320 million in real estate purchases in the past 12 months in the Denver metro area. “Denver continues to outshine other markets…

Jennifer Hayes

February 3, 2020

MPC breaks ground on AvalonBay Communities’ AVA RiNo multifamily project

Martines Palmeiro Construction began construction in December on AvalonBay Communities Inc.’s first ground-up apartment community in the greater Denver area, this one in the River North Art District.

Kris Oppermann Stern

February 3, 2020

User buys office/flex building off Harmony for $6.49 million

A Northern Colorado concrete company recently cemented the acquisition of an office/flex building off the East Harmony Road corridor in Fort Collins. Peak Cos., which was occupying the 37,993-square-foot building at 4862 Innovation Drive on a short-term lease, purchased the property for $6.49 million, or $170 per sf. Oakridge Innovation LLC was the seller. Josh…

Jill Jamieson-Nichols

February 2, 2020

Nevada group picks up Western Union’s former global headquarters

Western Union sold its former global headquarters buildings in Englewood for $40 million. A Reno, Nevada-based group bought the 391,240-square-foot campus in Meridian International Business Center through an entity called Meridian Office Partners LLC. The campus consists of two buildings, 192,779 and 198,461 sf, at 12500 and 12510 E. Belford Ave. Connected by a basement-level…

Jill Jamieson-Nichols

February 2, 2020