After 40 years in business, Re/Max of Cherry Creek has purchased its first office asset with plans to relocate its operations to the property next year. Under the entity name […]

Minneapolis-based IRET acquired the Lugano Cherry Creek apartment community – its latest purchase in the metro Denver market. The real estate company focused on the ownership, management, acquisition, redevelopment and development of apartment communities paid $99.25 million, or $302,591 per unit, for the 328-unit community at 9601 E. Iliff Ave. in Denver. Constructed in 2010,…

Cherry Creek North is no stranger to luxury, but with the addition of the neighborhood’s tallest for-sale condos, the bar has just been raised. Laurel Cherry Creek, developed by Pauls Corp., is an urban haven that combines the comforts of home with the design of a high-end resort.

Chicago-based Laramar Group purchased the portfolio, which comprises The Rise at Cherry Creek at 848 S. Dexter St., The Edge at Cherry Creek at 4600 E. Kentucky Ave. and The Vue at Cherry Creek at 4805 E. Kentucky Ave. in Denver. 

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Thomas W. Toomey, the longtime CEO of UDR, one of the nation’s largest apartment REITs, early this year confessed, “We missed it,” as far as staking out a big claim in the company’s Denver backyard. Toomey, CEO of Highlands Ranch-based UDR, with a market cap of about $10.5 billion, said he had been telling his…

BMC Investments sold the 12-story, 218-unit property at a price topping $649,000 per unit.

The Safeway adjacent to the Cherry Creek Shopping Center will close its doors permanently in the coming weeks, months before its Jan. 4 deadline, the Colorado Real Estate Journal has learned. “We are planning to close the store at the end of the month,” said Kris Staaf, director of public affairs for Safeway. CREJ had…

After more than a half century in the heart of the Cherry Creek neighborhood, the Safeway next to the Cherry Creek Shopping Center will be closing its doors by the first week of January, officials announced today. The 51-year-old Safeway with approximately 50,000 square feet  at 3100 E. First Ave., has been notified by the Taubman…