IMM

Growing tech tenants head east for larger spaces, affordability

Technology companies may love downtown Boulder, but many are moving east. A number of tech companies have traded downtown’s amenities and culture for large blocks of space, parking and affordability in East Boulder over the last 18 to 24 months. “Our clients in particular, which are primarily technology companies that are growing rapidly, are choosing…

Jill Jamieson-Nichols

May 31, 2016

Pinnacle sells retail center

A local investor recently paid $4.85 million for Centennial Corner, a retail center near a Walmart Supercenter. The investor, who did not want to be named, paid $259 per square foot for the 18,719-sf, two-building center at 10909 E. Arapahoe Road in Centennial. “It was an off-market deal,” said Tom Ethington, who represented the seller […]

John Rebchook

May 31, 2016
City Park

Edge at City Park refinanced by Murphy

Stephen Caragol’s The Edge at City Park LLC bought the land near City Park in Denver a number of years ago. A year ago, the developer built a five-story, 29-unit luxury apartment building at 1855 Gaylord St. Steamboat Springs-based Caragol, through The Edge at City Park LLC, recently refinanced the condo-quality rental property in an […]

John Rebchook

May 31, 2016
Lafayette Corporate Campus

Essex arranges loan for Etkin Johnson

In the fall of 2000, about 300 Denver area commercial real estate brokers gathered in a field before boarding a five-seat helicopter, to provide them with an aerial view of what today is the 293,394-square-foot Lafayette Corporate Campus. “Once you're up in the air, it’s a no-brainer,'' Bruce Etkin, principal of Etkin Johnson, the developer…

John Rebchook

May 16, 2016
61 Inverness

Hawaiian investor pays $10.9 million for Inverness building

A Hawaiian investor has acquired 61 Inverness Drive East, an 87,198-square-foot office building in Inverness Business Park. United Properties sold the three-story building to 61 Inverness Associates, led by a Honolulu investor, for $10.9 million, or $125 per sf. Jeppesen, a subsidiary of The Boeing Co., is the largest of seven tenants, occupying approximately 45…

Jill Jamieson-Nichols

May 16, 2016
Etkin Johnson

Essex refinances Etkin loan

In the fall of 2000, about 300 Denver area commercial real estate brokers gathered in a field before boarding a five-seat helicopter to provide them with an aerial view of what today is the 293,394-square-foot Lafayette Corporate Campus. “Once you’re up in the air, it’s a no-brainer,” the appeal of the industrial and flex-space campus,…

John Rebchook

May 15, 2016
Rolling Hills

ARA team sells Rolling Hills

Investors Management Group recently paid $23.8 million for the 186-unit Rolling Hills, the first institutional-quality apartment community to be built in Castle Rock. The community, at 1129 S. Eaton Court, was built in 1987. “There are only four apartment developments in Castle Rock with over 100 units,” said Shane Ozment, who was part of the…

John Rebchook

May 13, 2016

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