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

Buyer sees big upside with $5.5 million acquisition

Upside was key to the sale of a Colorado Springs office/warehouse/manufacturing building.

Jennifer Hayes

April 18, 2016

Denver industrial market: Is the party winding down?

The party may be winding down for Denver’s industrial market. The vacancy rate for industrial space increased for the first time in six years in the last quarter of 2015, and around 3.5 million square feet of speculative industrial space is being built – a million sf more than was delivered last year. “One-off” players…

Jill Jamieson-Nichols

April 5, 2016
Bowles Crossing

Bowles Crossing in Vestar’s wheelhouse

Long before Vestar recently paid $76.15 million for Bowles Crossing, it had its eye on the open-air retail center in Littleton. “We had our eyes on that center for a couple of years,” said David Malin, a vice president of acquisitions and developments for Phoenix-based Vestar. Why? “No. 1, we are very bullish on the…

John Rebchook

April 5, 2016
ARA Newmark

ARA handles $75 million in sales

Jackson Square Properties, a privately held investment company based in San Francisco-based, recently sold one multifamily community in the Denver area and bought another. “They sold a value-add property and traded up to a newer one,” said Terrance Hunt, who was part of the ARA Newmark team that handled both transactions. Jackson Square owns almost…

John Rebchook

April 5, 2016

Springs retail properties sell to California-based buyers

A California buyer made its first Colorado acquisition with its purchase of a net-leased investment property in Colorado Springs.

Jennifer Hayes

April 2, 2016
Arvada

CBRE sells Arvada community

Arvada increasingly is becoming an attractive target for apartment investors. No sale better reflects that than the recent purchase of the 264-unit Panorama at Arvada Ridge at 5654 Kipling Parkway. Seagate Properties, based in San Rafael, California, purchased the community for $58.5 million, records show. That equates to a sales price of $221,591 per unit…

John Rebchook

March 17, 2016
Colleagues

CBRE leases downtown space for new ‘free-address’ offices

Subscriber Content   CBRE is moving its downtown Denver offices to the top two floors of Seventeenth Street Plaza, which will be a showcase for its global Workplace360 initiative. Currently scattered in several spaces in the building at 1225 17th St., the company will occupy the entire 32nd floor and a portion of the 31st…

Jill Jamieson-Nichols

March 15, 2016
ARA Newmark

Record year for apartments

Last year was one for the Denver-area multifamily housing record book. Investors paid a record $4.44 billion for apartment communities in the metro area last year, topping the previous record set in 2014 by $903 million, a 25.5 percent jump. The record pace is becoming a bit of a broken record, albeit a welcome one…

John Rebchook

March 15, 2016

Taking speed to market one step further

“Be quick, but don’t hurry” are profound words by legendary University of California Los Angeles basketball coach John Wooden.

CREJ

March 14, 2016