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

North Main at Steel Ranch

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

State Land Board pays $15.9M for Golden office/retail building

Clear Creek Square

The Colorado State Land Board bought one of the largest and newest privately owned office buildings in Golden for $15.9 million, or $202.17 per square foot. Clear Creek Square, located at 600-650 12thSt. in downtown Golden, is a 78,647-sf multitenant building that includes ground-floor retail space. Los Angeles-based Karlin Golden LLC, a Karlin Real Estate…

Jill Jamieson-Nichols

April 5, 2019

CBRE: Industrial investment, pricing likely to hold up

Coming off a record year of investment sales volume, Denver’s industrial market should continue to hold up well, and a recent CBRE survey backs that up. CBRE’s 2019 Americas Investors Intentions Survey has Denver tied with Atlanta as the fifth most attractive investment market in the Americas for all asset types, and the largest group…

Jill Jamieson-Nichols

April 4, 2019

Halcyon bests price per key by $62,155

Halcyon

The price per key that Rockbridge Capital paid for the Halcyon hotel in Cherry Creek is far and away the highest ever paid for a hotel in the Denver market. Chicago-based Rockbridge paid $558,442 per key, or a total of $86 million, for the 154-room boutique hotel. That’s $62,155 more per key than the $496,287…

Jill Jamieson-Nichols

March 29, 2019

Etkin Johnson buys southeast land for 334,000-sf campus

Edge 470

Etkin Johnson Real Estate Partners has acquired just over 28 acres in the southeast suburban submarket to develop a 334,000-square-foot Class A industrial/flex campus called Edge 470. The first phase of the campus, which will include two approximately 80,000-sf buildings on 12.8 acres, is expected to break ground in the third quarter and be delivered…

Jill Jamieson-Nichols

March 29, 2019

JLL to buy HFF in $2 billion transaction

Jones Lang LaSalle Inc. and HFF Inc. entered into a definitive agreement under which JLL will acquire all the outstanding shares of HFF in a cash and stock transaction with an equity value of approximately $2 billion. The transaction was unanimously approved by the boards of directors of both companies. HFF is one of the largest…

CREJ

March 26, 2019

Inova Aero lifts off with 43-acre land acquisition

Inova Aero industrial

United Properties has acquired an additional 43 acres of land to expand Inova Business Park in Centennial. Located at the intersection of South Lima Street and East Easter Avenue, the new development will be called Inova Aero. It could accommodate up to 480,000 square feet of industrial space, or 300,000 sf of build-to-suit office space…

Jill Jamieson-Nichols

March 18, 2019

Graham Street Realty buys $28 million in assets

3005 Center Green

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

Full-service Marriott proposed across from convention center

proposed Marriott

A 27-story full-service Marriott hotel is being proposed for a parking lot directly across from the Colorado Convention Center. Focus Property Group, a Denver-based investment and development company, is beginning the site planning process for the 500- to 550-room hotel, which it hopes to break ground on as soon as this year. Located at the…

Jill Jamieson-Nichols

March 15, 2019

Investment adviser pays $696 per sf for North Wing Building

1705 17th St.

In its second sale since being completed in 2013, the North Wing Building at Denver Union Station achieved a price of $76 million, or $696.75 per square foot. An affiliate of Lincoln Advisory Group Ltd. bought the 109,078-sf building at 1705 17thSt., on behalf of a client, from GLL Real Estate Partners GmbH. GLL Real…

Jill Jamieson-Nichols

March 11, 2019