Inland buys Westlink

Inland Real Estate Acquisitions recently paid $63.05 million for the 244-unit Westlink at Oak Station apartment community in Lakewood. The sale price per unit for the recently developed community at 1665 Pierson St. equates to $258,402 per unit and $270.67per square foot. It marks Inland’s first purchase on the West side of the Denver metropolitan […]

John Rebchook

October 3, 2016

Tebo makes 1st apartment buy

Tebo

Stephen Tebo is “Mr. Boulder,” when it comes to commercial real estate. Since he began his real estate investment in 1973, his namesake company, Tebo Properties’ portfolio has grown to more than 300 properties. The majority of the more than 3 million square feet of office, retail and industrial space controlled by Tebo Properties is…

John Rebchook

October 3, 2016

Student housing properties trade for $12 million each

Carriage House

A pair of student housing properties next to the Colorado State University campus sold in a $24 million deal that set a new high-water mark. Catamount Properties Ltd. sold the Carriage House Apartments, a 54-unit, 94-bed property at the southwest corner of the campus, and Pura Vida Place, a 52-unit, 100-bed property at the campus’s…

Jill Jamieson-Nichols

September 19, 2016

Single-tenant manufacturing building sells for $10.53 million

9461 Willow

A manufacturing facility on just over 16 acres of land in Henderson recently sold to a local family investment company for $10.53 million, or $104.74 per square foot. Merritt Professional Properties LLC bought the 100,490-sf building at 9461 Willow Court from Compression Systems LLC. The property serves as UE Compressions’ corporate headquarters. “Merritt Professional Properties…

Jill Jamieson-Nichols

September 19, 2016

Memory care center to open next year

Cherry Hills assisted living

Cherry Hills Assisted Living and Memory Care, a boutique retirement community at 6325 S. University Blvd., will open next year. It will specialize in assisted living and memory care for residents living with cognitive disabilities. Longtime development and management companies Urban Inc. and Esprit Homes, led by Steve Shraiberg and Alfred Blum, are developing the…

John Rebchook

September 19, 2016

Jackson Square active apartment buyer

Jackson Square

Jackson Square Partners recently paid $166.75 million for two Denver-area apartment communities, in the latest sign how bullish the San Francisco-based-company is on the local multifamily market. It bought both communities from Fairfield Residential. In by far the bigger of the two acquisitions, it paid $98.5 million for the Fairfield Legend Oaks, a 488-unit community built…

John Rebchook

September 19, 2016

Campus sale in Springs rings up at $31M

A private commercial real estate investment group dialed in on Verizon’s Colorado Springs corporate campus, acquiring the 125-acre property for $31 million, according to public records.

Jennifer Hayes

September 16, 2016

Denver buyer looks to Colorado Springs with $27.55 million buy

“Advenir at Briarglen offers an affordable option for renters looking to live in this elite location since the majority of the competition is Class A product. There’s ample opportunity to improve the curb appeal, update the interiors and move rents significantly.”

Jennifer Hayes

September 2, 2016

Denver stacks up in pallet company’s expansion

Warehouse

Tritz Pallet Inc. signed a long-term lease for Sports Authority’s former warehouse/distribution space at 20901 E. 32nd Parkway in Majestic Commercenter.

Jill Jamieson-Nichols

September 2, 2016

Summit Hotel Properties pays $61.4 million for Boulder Marriott

Marriott Boulder

The Marriott Boulder sold to an Austin, Texas-based real estate investment trust for $61.4 million, or $391,082 per key.

Jill Jamieson-Nichols

September 2, 2016