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
140 S. Union

Hotel company buys Union Square property for redevelopment

An industrial property in a changing part of Lakewood will undergo its own transformation following its $3.1 million sale. An affiliate of Provo, Utah-based Lodging Dynamics bought the 46,075-square-foot building on 2.76 acres at 140 S. Union Blvd. in Lakewood. It likely will raze the building to construct a hotel but will offer the building…

Jill Jamieson-Nichols

March 14, 2016

Financial-tech firms alter financial services industry

For a rapidly growing worldwide phenomenon that is bringing about significant change within the financial services community, it is surprising that the term “FinTech” still is relatively unknown. At the confluence of finance and technology, FinTech is defined as “an economic industry composed of companies that use technology to make financial systems more efficient,” according to Wharton FinTech. The term can encompass a wide array of financial services ranging from payments, investments, financing, insurance and more. Companies

CREJ

March 14, 2016

Trends in action: Craig Hospital nears completion

After 51 months, with initial planning in winter 2012 and a target completion date set for late 2016, Craig Hospital’s $90 million expansion and renovation is nearing its conclusion. In addition, the hospital announced that it exceeded its $68 million fundraising target by $5 million.

CREJ

March 1, 2016