Parkway Office Centre

Hayman picks up second Denver asset

A Los Angeles buyer with a keen interest in the Denver market bought an eight-story office tower at the edge of downtown for $25.46 million. Hayman Properties purchased Parkway Office Centre at 1391 N. Speer Blvd. from DPC Development Co. DPC invested heavily in the 134,643-square-foot building after buying it in 2008, and Hayman plans…

Jill Jamieson-Nichols

December 19, 2016

Apartment sales could hit $5 billion

This could be the year that apartment sales in the metro area top $5 billion for the first time. That would crush the previous record of about $4.1 billion in sales last year, according to Jeff Hawks. Indeed, the $5 billion in sales, about 25 percent higher than the previous record of sales of apartment…

John Rebchook

December 19, 2016
Arapahoe Marketplace

Clarion buys Arapahoe Marketplace

The Arapahoe Marketplace in Greenwood Village is the single-largest center in Clarion Partners’ recent $218.8 million, 11-center retail portfolio purchase. The 186,993-square-foot Arapahoe Marketplace, at 8501-8577 E. Arapahoe Road, accounts for 35.48 percent of the 526,975-sf, five-state retail portfolio acquired by Clarion. Records show that Clarion paid $68.75 million, or $367.63 per sf, for Arapahoe…

John Rebchook

December 19, 2016
Thorofare

LA lender enters Denver with office loan

Two Los Angeles-based companies recently did a deal in Denver. Thorofare Capital provided $19.8 million in first mortgage debt to Hayman Properties LLC for the acquisition, syndication and lease-up of Parkway Office Centre. Parkway Office is a 134,643-square-foot Class B office building in the northern part of the Golden Triangle at 1391 Speer Blvd., at…

John Rebchook

December 19, 2016
Pembrooke

CBRE handles $128 million sale

Pembrooke on the Green has everything going for it as an apartment community ⎯ size, location and its value-add opportunity. With 959 units, it is one of the largest apartment communities near the Denver Tech Center. “And it has got a pretty irreplaceable location next to (Kennedy) golf course. It is three minutes from the…

John Rebchook

December 5, 2016
100 Superior

Office/retail building in Superior trades for $13.51 million

A California buyer completing a 1031 exchange paid $13.51 million for an office/retail building along U.S. Highway 36 in Superior. Edward Heyman and Co. LLC bought 100 Superior Plaza Way from Superior Plaza LLC. The seller is a local group of investors that developed the 56,000-square-foot building in 2000. Chris Boston “We had strong interest…

Jill Jamieson-Nichols

December 5, 2016
10000 E. 45th St.

DCT pays $15.6 million for Class A building on I-70

DCT Industrial Trust continues to add to its Denver portfolio, purchasing a Class A industrial building in the Stapleton area for $15.6 million. DCT bought the 145,948-square-foot Champion Windows building on 7.18 acres at 10000 E. 45th St. in Denver from Champion Realty Company of Denver for $106.89 per sf. The Class A building fronts…

Jill Jamieson-Nichols

December 5, 2016
Glenbrook

Griffis/Blessing buys Glenbrook from Grand Peaks

Two venerable and veteran Colorado multifamily companies recently made a deal. Griffis/Blessing, based in Colorado Springs, paid $33.4 million for the 252-unit Glenbrook apartment community in Denver. The community, built in 1985 at 9999 E. Yale Ave., was sold by Denver-based Grand Peaks. Grand Peaks, formerly Simpson Housing, paid $14.1 million, or $55,952.38 per unit,…

John Rebchook

December 5, 2016

Constitution Square sells for $22.13M

A tax credit property in Colorado Springs sold to a Seattle-based buyer for $22.13 million.

Jennifer Hayes

December 4, 2016
AMLI at Lowry Estates

AMLI more than doubles money on sale of 414 units

Records show that Chicago based AMLI in 2000 paid $51.25 million for a 414-unit apartment community in Lowry. At that time, the community at 8155 E. Fairmount Drive was barely a year old and one of the new breed of rental communities that provided units with high-end finishes and resort-like amenities. Now, records show that…

John Rebchook

November 21, 2016