Buyer sees big upside with $5.5 million acquisition
Upside was key to the sale of a Colorado Springs office/warehouse/manufacturing building.
Jennifer HayesApril 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-NicholsApril 5, 2016
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 RebchookApril 5, 2016
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 RebchookApril 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 HayesApril 2, 2016
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 RebchookMarch 17, 2016
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-NicholsMarch 15, 2016
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 RebchookMarch 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.
CREJMarch 14, 2016
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-NicholsMarch 14, 2016