Hotel company pays $44 million for two Littleton Marriotts

A South Dakota-based hotel company paid $22 million each for two adjacent Marriott hotels on C-470 and South Santa Fe Drive in Littleton. KWB Hotels bought the Courtyard Denver Southwest/Littleton and Residence Inn/Denver Southwest Littleton from Propel Development LLC in an off-market transaction. The hotels are near the Staybridge Suites Denver South-Highlands Ranch, which KWB…

Jill Jamieson-Nichols

April 14, 2019
5120 and 5140 Race Court

Forum buys food processing/distribution center for $24.5M

Denver-based Forum Real Estate Group paid $24.5 million for a central Denver food processing and distribution facility that would be nearly impossible to replicate. Western Food Center, located on 11.82 acres at 5120 and 5140 Race Court in Denver, is a 198,970-square-foot freezer/cooler facility next to the National Western Center redevelopment. It is the first…

Jill Jamieson-Nichols

April 14, 2019

Apt. property sells for $51.66M

Developer The Garrett Cos. sold the 164-unit property located at 5403 W. 96th Ave. 

Jennifer Hayes

April 7, 2019

CBRE: Industrial investment, pricing likely to hold up

Coming off a record year of investment sales volume, Denver’s industrial market should continue to hold up well, and a recent CBRE survey backs that up. CBRE’s 2019 Americas Investors Intentions Survey has Denver tied with Atlanta as the fifth most attractive investment market in the Americas for all asset types, and the largest group…

Jill Jamieson-Nichols

April 4, 2019

Partnership receives $75M in financing for The Confluence

Developer The Garrett Cos. sold the 164-unit property located at 5403 W. 96th Ave. 

Jennifer Hayes

March 31, 2019
Halcyon

Halcyon bests price per key by $62,155

The price per key that Rockbridge Capital paid for the Halcyon hotel in Cherry Creek is far and away the highest ever paid for a hotel in the Denver market. Chicago-based Rockbridge paid $558,442 per key, or a total of $86 million, for the 154-room boutique hotel. That’s $62,155 more per key than the $496,287…

Jill Jamieson-Nichols

March 29, 2019

The Shops at Green Valley Ranch sells for $8.6 million to Calif. buyer

The Shops at Green Valley Ranch comprises two freestanding retail buildings totaling 19,840 square feet on 2.81 acres.

Jennifer Hayes

March 24, 2019

Broadway Lofts retail trades for $2.25M

Broadway Lofts, a five-story development built in 2018, features four stories of multifamily above two phases of ground-level retail. 

Jennifer Hayes

March 17, 2019
3005 Center Green

Graham Street Realty buys $28 million in assets

Graham Street Realty purchased a three-building office portfolio in Boulder for $28 million, according to county records. The properties, sold by SteelWave, include 3005 Center Green Drive, 2945 Wilderness Place and 5665 Flatiron Parkway. They total 114,862 square feet and are home to software giant SAP, environmental planning and technology company EMPSi and information technology…

Jill Jamieson-Nichols

March 15, 2019
proposed Marriott

Full-service Marriott proposed across from convention center

A 27-story full-service Marriott hotel is being proposed for a parking lot directly across from the Colorado Convention Center. Focus Property Group, a Denver-based investment and development company, is beginning the site planning process for the 500- to 550-room hotel, which it hopes to break ground on as soon as this year. Located at the…

Jill Jamieson-Nichols

March 15, 2019