Swiss investment manager buys Broomfield site

A global investment manager that announced earlier this year it would build a North American headquarters in Denver acquired 25.12 acres in Interlocken Advanced Technology Environment, according to public records. The buyer, Partners Group Colorado Propco LLC, lists the same address as the Denver office of Partners Group, a Switzerland-based company with locations around the…

Jill Jamieson-Nichols

August 1, 2016
Seagate

Seagate buys One Belmar Place

Seagate’s buying spree in the Denver area continues. Seagate Colorado Partners LLC recently paid $46.6 million, or $224,039 per unit, for the 208-unit One Belmar Place apartment community in Lakewood. With this purchase, Seagate now owns more than 1,500 apartment units in the metro area, according to Apartment Insights, the multifamily database owned by Cary…

John Rebchook

August 1, 2016

HFF’s Simon arranges Brighton financing

There was a lot of interest from lenders to provide the construction loan for the 288-unit Elements at Prairie Center apartment community in Brighton, said Josh Simon, a managing director for the Denver office of Holliday Fenoglio Fowler L.P. HFF arranged $39.45 million in construction and preferred equity financing for the development the community, which…

John Rebchook

August 1, 2016

Centre apartment community sells for $15M

The Centre is one of the oldest apartment communities of more than 50 units in all of Colorado Springs.

Jennifer Hayes

July 29, 2016

CBRE sells W. Colfax center

West Colfax Avenue is taking off. The latest sign of the strength of the corridor is the sale of the Colfax Central retail center at the northwest corner of West Colfax Avenue and Wadsworth Boulevard in Lakewood. A private, California-based investor paid $5.93 million, or $418.79 per square foot, for the two-building, 14,148-sf center. It…

John Rebchook

July 18, 2016
Centerpoint

Centerpoint I & II trade for $61.7 million

A pair of Class A office towers sold in a $61.7 million deal that highlights the appeal of the Interstate 25 and Colorado Boulevard submarket. Seattle-based Unico Properties sold Centerpoint I and II, which comprise 374,020 square feet, to a joint venture of Investcorp, an international investor, and Schnitzer West, a West Coast real estate…

Jill Jamieson-Nichols

July 18, 2016
Bindery

HFF secures loan for Bindery

If you want to know what RiNo is all about, look no further than the Bindery on Blake. The Bindery seamlessly melds a variety of office and retail uses into two buildings. The buildings themselves speak volumes about the neighborhood, which mixes the gritty charm of the old and celebrates the new. When the second…

John Rebchook

July 18, 2016

Central Denver freezer-cooler building sells for $12.5 million

A freezer-cooler facility near the National Western complex in Denver sold for $12.5 million, or $100.40 per square foot, in an off-market transaction. Versacold USA Inc. sold the 124,500-square-foot building at 5120 Race Court to 5120 Race Court LLC. Colorado Premium Foods LLC, which occupies the adjacent building at 5140 Race Court, signed a 10-year…

Jill Jamieson-Nichols

July 18, 2016

New owner to take Palo Verde apartments to new heights

A 1980s apartment community is ready to reach new heights. “It is just prime to be taken to the next level,” ARA Newmark’s Kevin McKenna said of the value-add opportunities presented by the Palo Verde apartments in southeast Colorado Springs. “You can count on one hand the number of properties built in the 1980s that…

Jennifer Hayes

July 16, 2016

Construction starts on $233.1 million light-rail extension

The $233.1 million construction project is estimated to create more than 300 jobs through 2019.

Jennifer Hayes

July 5, 2016