Competition, activity continues in Springs apt. market

A buyer quickly growing its Colorado Springs multifamily portfolio added to its holdings with its acquisition of Foothills West.

Jennifer Hayes

May 13, 2016

Biomed firm leases 104,000 sf in Westminster

A global biomedical company reportedly has leased 104,000 square feet of office space at TenWest at Westmoor Technology Park in Westminster. Reports say Zimmer Biomet leased space at Building 6, located at 10225 Westmoor Drive. Neither the company nor brokers involved in the deal would comment on the transaction. Warsaw, Indiana-based Zimmer Biomet is a…

Jill Jamieson-Nichols

May 3, 2016

Springs apt. market outshines Denver in 1st quarter

Colorado Springs’ apartment market outshone the Denver metro area during the first quarter, according to Apartment Insights’ recently released Statistics/Trends Summary.

Jennifer Hayes

May 3, 2016
Tower Colorado

‘Amazing’ space awaits at Tower Colo.

The top of a Colorado Boulevard office tower is opening up to become one-of-a-kind office space for a single tenant.

Jill Jamieson-Nichols

May 3, 2016
Mezzo

Mezzo milestone sale

The 15-story Mezzo was billed as the first high-rise apartment tower in Denver when it opened in 1953. At the time, it was not the Mezzo (pronounced “metzo”). It was widely known as the Sherman Tower until a previous owner changed it to Mezzo almost a decade ago. Today, it still is the one the…

John Rebchook

May 3, 2016

Brown buys Lakewood retail center

When commercial real estate investors buy a prime property, they often describe it as being at Main and Main. Sam Brown, a 45-year veteran of real estate investing in the Denver area and Colorado, had a bit different way to describe his recent $13 million purchase of the Creekside on Colfax retail center in Lakewood.…

John Rebchook

May 3, 2016
Arapahoe Service Center

California trust pays $15.6M for Arapahoe Service Center

A 144,283-square-foot flex project in Englewood sold to a Southern California family for $15.6 million, or $108.12 per sf. Arapahoe Service Center is located on 11.11 acres at 6555, 6665 and 6675 S. Kenton St. It was 96 percent occupied at the time of its sale to the Kumar Family Trust, a first-time buyer in…

Jill Jamieson-Nichols

April 19, 2016
Syracuse Hill I

Melcor adds Syracuse Hill I to its southeast office portfolio

A company that recently bought two southeast suburban office assets has added a third building to its holdings in that submarket. Melcor Developments Arizona Inc. purchased Syracuse Hill I from Triton Investments for $10.5 million, or $121 per square foot. The 82,695-sf building is located at 6021 S. Syracuse Way in Greenwood Village. Riki Hashimoto…

Jill Jamieson-Nichols

April 19, 2016
Apartments

Broker: Apartment vacancy rate could hit 10%

Apartment broker Greg Johnson did the math and has come to the conclusion there is a good chance that the Denver-area apartment market vacancy rate could hit 10 percent this year. That would be a 47 percent increase from the 6.8 percent vacancy rate at the end of the fourth quarter, according to the Apartment…

John Rebchook

April 19, 2016
Ritz Carlton

HFF puts on the Ritz with loan

Eric Tupler was putting on the Ritz. Putting a loan on the Ritz-Carlton Denver, that is. Tupler, a senior managing director in HFF’s Denver office, was part of the Holliday Fenoglio Fowler L.P. team that earlier this month arranged a $55.1 million in refinancing for the 202-room Ritz Carlton on a half-acre site at 1881…

John Rebchook

April 19, 2016