West Line Flats sells for $40.25 million in 1031 exchange

The buyer paid $40.25 million for the 155-unit, Class A community at 6500 W. 13th Ave. in Lakewood, steps from the Lamar light-rail station. 

Jennifer Hayes

January 5, 2019

Jacobson Co. enters Colo. market with Velo, Modern apts.

A Los Angeles-based private investment company made its foray into the Colorado multifamily market with the purchase of more than $88 million in properties.

Jennifer Hayes

December 28, 2018

Downtown Frederick office/retail building trades at $2.36M

451 Oak

Miners Square, an office/retail property in downtown Frederick, sold to a Colorado Springs family partnership for $2.36 million, or $104.62 per square foot. Good Vista LLC bought the 22,576-square-foot asset at 451 Oak St. from Longmont real estate company Actis LLC. The acquisition was part of a 1031 exchange. Dan Grooters The building was 100…

Jill Jamieson-Nichols

December 26, 2018

Harbor adds to collection of historic buildings

820 16th St.

Harbor Associates LLC added to its collection of historic downtown Denver assets in with its $24.5 million purchase of the Symes building on the 16thStreet Mall. Harbor, in a joint venture with Stockbridge Capital Group, paid cash for the 98,976-square-foot building at 820 16thSt. The eight-story Symes building was one of the tallest buildings in…

Jill Jamieson-Nichols

December 26, 2018

California investor buys industrial assets for a combined $17.51M

Centennial Commerce Center

A California investor closed on the acquisitions of two Centennial industrial assets for a combined $17.51 million. Centennial Commerce Center, a 76,784-square-foot property at 6950 S. Tucson Way, sold for $9.51 million, or $123.85 per sf. Highland Tech Center, a 61,089-sf property at 8925-8985 E. Nichols Ave., traded at $8 million, or $130.96 per sf.…

Jill Jamieson-Nichols

December 26, 2018

AvalonBay pays $75.4M for Ironwood

Ironwood at Red Rocks, currently finishing lease-up, features a mix of one-, two- and three-bedroom units, the latter of which average more than 1,300 square feet. 

Jennifer Hayes

December 23, 2018

Dual-brand hotel along Bijou Street sells for $7.8 million

The Clarion Hotel & Conference Center and Quality Suites Central at 314 W. Bijou St. was purchased by the owner of The Antlers, a Wyndham Hotel, and The Mining Exchange, a Wyndham Grand Hotel & Spa, for $7.8 million. 

Jennifer Hayes

December 17, 2018

Basham buys Church Ranch building leased to Staples for $12.5M

10249 Church Ranch Way

An office building that recently was remodeled for Staples’ Western regional headquarters sold to a local buyer for $12.5 million. An affiliate of Denver-based Basham & Associates purchased the 63,057-square-foot building at 10249 Church Ranch Way in Westminster from 10170/10249 Church Ranch Way LLC, an affiliate of a large, East Coast private equity firm. Staples…

Jill Jamieson-Nichols

December 14, 2018

Westfield buys central Denver industrial development site

Westfield Company Inc. has acquired the Rocky Mountain Prestress property for development of a new Class A industrial park. One of the last remaining infill sites for industrial development in central Denver, the property is located at the northwest corner of Pecos Street and West 56thAvenue. Westfield closed on the first 45 acres of the…

Jill Jamieson-Nichols

December 10, 2018

Security Properties snaps up latest market-rate property

The Grove at City Center, constructed in 1982, features a mix of one- and two-bedroom floor plans featuring in-unit washers and dryers, a stainless steel appliance package, wood-burning fireplaces and air conditioning.

Jennifer Hayes

December 9, 2018