Airways Business Center

Interest in Airways buildings is sky-high

Four Class A distribution buildings at Airways Business Center produced a feeding frenzy among investors before selling to a real estate investment trust for $48.27 million. Records show EastGroup Properties paid $126.32 per square foot for Buildings 2, 4, 5 and 6, which account for 382,137 sf of space in Denver’s leading industrial submarket. “I…

Jill Jamieson-Nichols

June 16, 2019

Armstrong connects with Arvada center

Armstrong Capital Development LLC made its second retail purchase along the Front Range since December with its purchase of Arvada Connection. The Denver-based private equity real estate investment, development and management company paid $17.5 million for the approximately 54,000-square-foot center at 5220 Wadsworth Blvd. in Arvada. “We are very pleased to have invested in the…

Jennifer Hayes

June 15, 2019

Local accountant ups his investments with Monaco Tower

A value-add office building in Glendale sold to a local accountant for $5.8 million, or $91.82 per square foot. Benjamin Borgers bought Monaco Tower, a six-story, 63,170-sf building at 925 S. Niagara St., from an entity managed by Stabilis Capital Management LP. Stabilis modernized the building systems and infrastructure after acquiring the property in 2014…

Jill Jamieson-Nichols

June 15, 2019
13575 E. 37th Ave.

Karis Capital fills niches with two industrial developments

A Chicago area company that seeks to fill a niche with each of its projects has $85 million worth of industrial deals in the pipeline in Denver. Karis Capital is under construction on a 163,790-square-foot front-park, rear-load building with trailer parking for tenants as small as 40,000 square feet at 1910 N. Gun Club Road…

Jill Jamieson-Nichols

June 14, 2019
Home2Suites

Hotel developer checks into Broomfield with Home2 Suites

A Dallas-based hotel development company is checking into the Denver market with plans for a Home2 Suites by Hilton in Broomfield. Fayth Hospitality Group LLC, led by hotel industry veterans Greg Fay and Randy Churchey, expects to break ground on the 107-suite hotel at 505 Zang St. this summer. Opening is targeted for summer 2020.…

Jill Jamieson-Nichols

June 14, 2019
Gateway Building 21

Clarion buys more industrial assets from Pauls

Clarion Partners, which completed a record-setting industrial acquisition in the Denver market last year, has acquired more than $78 million in additional properties from the same seller. The Pauls Corp., which sold its 1.93 million-square-foot industrial portfolio at Gateway Park in Aurora to Clarion for $206.06 million last year, sold the additional assets to Clarion…

Jill Jamieson-Nichols

June 13, 2019

Design Intent: Finding clarity defines tenor, tempo and destination in design

Architecture is art and inherently art is rather ambiguous. From the intersection of program, profit and possibility, finding a meaningful point of view that remains both discernable and relevant deep into the future is no small order. David Daniel, a principal with Denver’s Davis Partnership Architects, doesn’t like to do it any other way and feels the process is as important as the purpose. 

Building Dialogue

June 10, 2019

Vertix Builders breaks ground on Zeppelin Development’s Kabin project in Rino

Vertix Builders last month broke ground on Zeppelin Development’s Kabin, 194 workforce housing units in River North at 3461 Ringsby Court. 

Kris Oppermann Stern

June 10, 2019

Managed homesharing coming to Union Denver apartments

A Denver-based firm founded last year to create a new type of urban residential model made its first acquisition with the purchase of Union Denver. The firm, daydream apartments, purchased the 13-story, 579-unit property at 1770 Chestnut Place. The sales price for the three-tower property, anchored by Whole Foods Market, which covers a full city…

Jennifer Hayes

June 8, 2019
watershed

Watershed to bridge office space with outdoors in RiNo

Koelbel and Co., along with L&M Capital, is creating a new option for office and retail users in River North with Watershed, a nine-story building with outdoor spaces cascading toward the South Platte River. The approximately $72 million development at 3555 Brighton Blvd. is moving toward groundbreaking in early 2020 and opening in mid-2021. It…

Jill Jamieson-Nichols

June 7, 2019