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Partnership purchases Torrey Pines for $46.2 million

Real estate investment firms Marble Partners and Lion Real Estate Group came together for the $46.2 million purchase of Torrey Pines. The partnership purchased the 235-unit community at 7575 E. Arkansas Ave., at the intersection of East Florida Avenue and Quebec Street, south of the Lowry redevelopment, in Denver from Vukota Capital. Dan Woodward, David…

Jolene Wollett

March 8, 2020

Foundry apartments change hands in $44.1 million deal

The apartments within the newly completed Foundry redevelopment in downtown Loveland have been acquired for $44.1 million. California-based Steadfast Cos. bought the 155-unit Patina Flats at The Foundry from a partnership led by Brinkman, Patina Flats has been more than 95% leased since it was completed in August 2018 and was nearly full at the…

Kris Oppermann Stern

March 8, 2020

Industrial building/climbing gym fetches price of $175.34 per sf

A 92,080-square-foot building that houses North America's largest climbing gym and two industrial tenants sold for $16.15 million, or $175.34 per sf. Monterey, California-based Call Family Trust bought the property at 1050 W. Hampden Ave. in Englewood from Ogilvie Properties. Ogilvie acquired the property, formerly Sports Authority’s headquarters, in 2017 and repurposed it as industrial…

Kris Oppermann Stern

March 7, 2020

Trends driving commercial real estate lending in Denver

Four years ago, our commercial real estate group was just getting started. Fast-forward to today, and we have seen tremendous growth, thanks in large part to Denver’s burgeoning commercial real estate

CREJ

March 6, 2020

Centerra Industrial’s central location lures distribution users

After packaging a lease deal with Amazon late last year, McWhinney says its Centerra Industrial development in Loveland continues to draw attention of e-commerce companies looking to serve Northern Colorado’s growing population. “With a population of more than 600,000 and quickly growing to over 680,000 as it currently stands, Northern Colorado is one of the…

Kris Oppermann Stern

March 4, 2020

Capital’s supply feels bottomless, putting lenders in hot seat

As our industry settles into a fresh decade, a clear theme has emerged from the capital markets: The supply of capital available for commercial real estate just keeps increasing. This strong appetitive

CREJ

March 2, 2020

Vision 2020: A century of service for Denver Metro BOMA

While Denver a century ago looked dramatically different than today’s burgeoning top-tier city that’s attracted millions of square feet of new real estate development, trailblazing companies and thousands of

CREJ

March 2, 2020

Industrial center sells for record $199.32 per sf

A pair of new industrial buildings in Broomfield sold for a record $199.32 per square foot as prices for industrial investment properties continue to escalate. San Francisco-based Stockbridge Real Estate paid $47.8 million for Interpark Industrial Center, a two-building, 239,816-sf property on 16.13 acres at 11325 Main St. and 11380 Reed Way. United Properties developed…

Kris Oppermann Stern

March 2, 2020

Industrial Outdoor Ventures buys two Adams County sites

A Chicago company that invests in outdoor storage facilities has acquired approximately 30 acres in Commerce City for $11.56 million. Industrial Outdoor Ventures bought 21.32 acres at 10600 Havana St. and 11.88 acres at 8780 E. 93rd Place. Both sites have heavy industrial zoning and will be developed with an emphasis on outdoor storage. Newmark…

Kris Oppermann Stern

March 2, 2020

Aurora City Place sells for $51.4 million

A real estate company is prepped to create value with its first Colorado acquisition. PREP Property Group Inc., a vertically integrated real estate company focused on creating value in retail real estate, purchased the Aurora City Place regional shopping center. It purchased the 356,305-square-foot center at Interstate 225 and East Alameda Avenue in Aurora for…

Jolene Wollett

March 1, 2020