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Pinkard Construction wins Margaret W. Carpenter recreation center in Thornton

The remodeled facility will include a new six-lane lap pool with adjacent aqua-exercise pool, wave pool with lazy river and bubble pit, activity pool with zero-depth entry, play structure, geysers and sprays, two water slides and 20-person therapeutic hydro-jet spa.

Kris Oppermann Stern

April 6, 2020

BMC among few looking to add office in Cherry Creek

BMC Investments’ Matt Joblon isn’t taking bets on timing of the company’s newest development in Cherry Creek North, but he does expect it to be one of the last Class A office buildings to be built in the neighborhood for some time. With limited sites remaining, BMC is one of a select few developers looking…

Kris Oppermann Stern

April 6, 2020

Industrial building on Santa Fe corridor trades for $7.76 million

A local buyer acquired a large industrial building along the Santa Fe corridor in Denver with an eye on transforming a portion of it into a sports facility for youths from low-income neighborhoods. A group led by Bill Bivens of Gibraltar Property Management purchased the 95,063-square-foot building at 1377-1401 S. Jason St. for $7.76 million.…

Kris Oppermann Stern

April 5, 2020

Crossroads office building sells at near-record price per sf

An 11,978-square-foot office building in eastern Loveland sold for $4.05 million, representing a near-record price of $338.37 per sf. SRI Investments/Stucco Rite Inc., a Colorado-based investment company, sold the multitenant, Class A building at 4090 Clydesdale Parkway to First American Exchange Co. Jared Goodman “The beautiful building has attracted quality tenants and is at the…

Kris Oppermann Stern

April 2, 2020

Hord Coplan Macht, Haselden team for FRCC’s Health Care Careers Center

Design-build team Hord Coplan Macht and Haselden Construction are underway on Front Range Community College’s new Health Care Careers Center. The 61,000-gross-square-foot center located on the Larimer campus in Fort Collins consolidates the college’s health sciences programs into one state-of-the-art facility that accommodates a multidisciplinary health care curriculum to address key health care workforce needs in Northern Colorado.

Kris Oppermann Stern

March 30, 2020

Partnership receives refi loan for predevelopment of River Mile project

A $124.6 million refinance loan was arranged for the eventual redevelopment of the Elitch Gardens theme and water park in downtown Denver. JLL Capital Markets worked on behalf of the borrower, a partnership of Kroenke Sports and Entertainment and Revesco Properties, to place the five-year, floating-rate loan with Pacific Western Bank. Loan proceeds will be…

Jolene Wollett

March 30, 2020

Crossbeam Capital pays $21.5 million for Aviator

Crossbeam Capital doubled its Colorado Springs multifamily holdings with its purchase of the Aviator apartment community. The firm purchased the 147-unit community at 1670 N. Murray Blvd. from Vukota Capital Management. It paid $21.5 million, or $146,258 per unit, for the community built in 1971. The workforce housing community had been updated within the last…

Jolene Wollett

March 30, 2020

Crescent pays $16.25 million for Flatiron Park building

Crescent Real Estate LLC added to its sizable portfolio in Flatiron Park with the $16.25 million acquisition of a two-story office building. Crescent, through GPIF 5777 Flatiron LLC, bought 5777 Central Ave. from BMC Properties LLC, a Chrisman Commercial affiliate. The acquisition brings Crescent’s Flatiron Park portfolio to more than 900,000 square feet in some…

Kris Oppermann Stern

March 30, 2020

DPC Cos. buys 4601 DTC from longtime owner LBA Realty

LBA Realty parted with a Class A office building that it had owned for more than 20 years. LBA sold 4601 DTC Blvd. to Denver-based DPC Cos. for $46 million. The 249,449-square-foot building is located in the northern end of the Denver Tech Center, an area in which DCP has been active over the last…

Kris Oppermann Stern

March 30, 2020

TerraCap buys Cherry Creek Plaza at $54.5 million

TerraCap Management LLC continues to build its Denver portfolio, acquiring Cherry Creek Plaza I and II for $54.59 million, or $162.93 per square foot. The 335,059-sf office property is the Florida-based company’s third acquisition in just over six months. TerraCap bought Denver Corporate Center II and III for $71.71 million last August, following up with…

Kris Oppermann Stern

March 29, 2020