Hotel developer checks into Broomfield with Home2 Suites

A Dallas-based hotel development company is checking into the Denver market with plans for a Home2 Suites by Hilton in Broomfield. Fayth Hospitality Group LLC, led by hotel industry veterans Greg Fay and Randy Churchey, expects to break ground on the 107-suite hotel at 505 Zang St. this summer. Opening is targeted for summer 2020.…

Jill Jamieson-Nichols

June 14, 2019
The Vibe

Milestone to bring first of 684 apartment units to Lafayette

An apartment developer known for expansive clubhouses and abundant amenities is bringing his latest community to Lafayette. Ken Kiken of Milestone Apartment Group expects to break ground in early fall on the first phase of a LEED Gold community at the interchange of the Northwest Parkway and U.S. Highway 287. Estimated to cost around $58…

Jill Jamieson-Nichols

May 31, 2019
2333 Arapahoe

Investment group buys Naropa student housing for $4.5 million

A building developed to house students at Naropa University sold to a Denver-based group for $4.5 million, or $250,000 per bed. The building at 2333 Arapahoe Ave. in Boulder consists of 18 rooms and 28 beds, a common kitchen, lounge and laundry areas, parking, bike storage, and two rooftop decks. It is just down the…

Jill Jamieson-Nichols

May 15, 2019

Company signs lease for 60,000 square feet at CTC

A pharmacy products company leased 60,000 square feet of flex space at the Colorado Tech Center in Louisville. Quicksilver Scientific signed a lease for space at 1960 Cherry St., a building owned by Etkin Johnson Real Estate Partners. The company has outgrown the approximately 23,000-sf space it occupies in Lafayette, according to Eric Rutherford of…

Jill Jamieson-Nichols

April 28, 2019
Longmont Medical Campus

New owner plans to invest in Longmont Medical Campus

An investment group that turned around a medical office building in Boulder will try the same procedure with a Longmont building it just purchased for $10.6 million. Profere Partners LLC, led by Scott Pudalov, bought Longmont Medical Campus at 1551 Professional Lane with plans for a capital infusion aimed at boosting occupancy. The approximately 104,850-square-foot…

Jill Jamieson-Nichols

April 28, 2019
North Main at Steel Ranch

North Main at Steel Ranch apartments change hands at $67 million

Confluence Cos. sold its North Main at Steel Ranch apartments in Louisville for $67 million, or $293,860 per unit. The 228-unit community at 1724 Steel St. sits on 7.66 acres and features more of a “neighborhood feel” than some of the other new apartment developments in Louisville, according to CBRE Senior Vice President Matt Barnett.…

Jill Jamieson-Nichols

April 6, 2019
3005 Center Green

Graham Street Realty buys $28 million in assets

Graham Street Realty purchased a three-building office portfolio in Boulder for $28 million, according to county records. The properties, sold by SteelWave, include 3005 Center Green Drive, 2945 Wilderness Place and 5665 Flatiron Parkway. They total 114,862 square feet and are home to software giant SAP, environmental planning and technology company EMPSi and information technology…

Jill Jamieson-Nichols

March 15, 2019
5660 Valmont

Latin American investors buy East Boulder building for $2.9M

A large group of primarily Latin American investors purchased a 14,514-square-foot office/flex building in East Boulder. The property at 5660 Valmont Road sold for $2.9 million, or $199.80 per sf. The buyer was 4015 Lincoln LLC, doing business as 5660 Valmont LLC. The building is fully leased to the Denver Post, Work in Progress and…

Jill Jamieson-Nichols

March 11, 2019

Eaton Vance buys Lafayette apartments

A Boston-based investment management firm paid $38 million, or $237,500 per unit, for a 160-unit apartment community in Lafayette. Eaton Vance purchased the Ardenne apartments from Fairfield Residential, which completed renovations to a portion of the units. Holliday Fenoglio Fowler Managing Director Jordan Robbins said, “The property was in really good shape” and offers an…

Jill Jamieson-Nichols

February 11, 2019
Harvest Junction

Harvest Junction retail center sees broad investor demand

A full spectrum of investor types took a look at buying the Harvest Junction retail center in Longmont, which records show sold for $61.15 million, or $166.20 per square foot. A partnership of Chicago based private equity real estate firm Walton Street Capital LLC and Alberta Development Partners, a Greenwood Village based developer and investor,…

Jill Jamieson-Nichols

February 9, 2019