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.

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…

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…

An out-of-state group ended 2019 with its entry into the Colorado multifamily market. Sunroad Enterprises, under the names Sunroad SMVA Portola LLC and Sunroad SRCP Portola LLC, paid $71 million, or $351,485 per unit, for the Portola at Southglenn, sold by Southglenn Property Holdings LLC, according to public records. The 202-unit community, located at 6851…

A value-add office asset in Uptown Denver drew tremendous activity from investors, ultimately selling to a market newcomer for $25.75 million. ROF IV Grant LLC, managed by Los Angeles-based Regent Properties, bought 1900 Grant from SteelWave. The 136,118-square-foot building was about 45% occupied, providing an opportunity to add value through continued improvements and lease-up. Listing…

Underneath the archway of the former Wellington High School, which was demolished in the 1960s, Adolfson & Peterson broke ground on Poudre School District’s new Wellington Middle and High School project.

Majestic Realty Co. went small and saw big demand for a series of new buildings in Aurora. “Our general M.O. around the country and here in Aurora is to build the largest spec building that any given market can sustain, and we’re longterm holders as well,” said Majestic Realty Vice President Michael Kapoor. In the…

Clarion Partners landed a three-building office portfolio in downtown Boulder for $146.3 million, or $621.72 per square foot. The deal included two of the largest office buildings downtown, 1050 Walnut and Canyon Center, along with 1900 15th St. The portfolio totals 235,316 sf. “Downtown Boulder is such a unique market. For someone to come in…

Vertix Builders began construction recently on the new Parker MOB III medical office building on the Parker Adventist Medical Campus. As a health care construction specialist, Vertix Builders will be working with a team that includes RTA Architects, Med Development and Parker Adventist.