Jeff Hawks would be disappointed if he listed a Denver area apartment community and didn't receive at least 10 offers. Hawks is seldom disappointed these days. “To a lot of people’s surprise, the apartment market is holding up fairly well. Everyone believed that we were overbuilding” and Denver’s red-hot apartment market was cooling, said Hawks,…

Arapahoe County Property Location: 23870-90 E. Smoky Hill Road, Aurora, “Village of Forest Trace” Property Description: 16,506-sf retail center (two buildings), YOC 2016 Land Size: 1.9 acres Sales Price: $8.9M, or $539.20 per sf Reception No.: D7105471 Closing Date: 9/15 Grantor: Forest Trace Holdings LLC, Marc Cooper, mgr. Grantee: CH Retail Fund II Denver Forest…

Arapahoe County Property Location: 5400 S. Park Terrace Ave., Greenwood Village Property Description: 304-unit, three-story apartment, 37 buildings totaling 338,626 sf plus 6,576-sf clubhouse, YOC 1995 Land Size: 18.344 acres Sales Price: $91M, or $299,342 per unit Reception No.: D7105153 Closing Date: 9/12 Grantor: SVF Alara Greenwood Village LLC by: First Fiduciary Realty Advisors Grantee:…

I first started talking to New York City-based developer Mike Ursini last March about his plans to build the tallest building in Colorado. Our agreement was that by sitting on his blockbuster $400 million development at 650 17th St., he would give the story to me first. https://www.youtube.com/watch?v=lloqw7_wWck Six months later, it didn’t work out…

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The developers of Google’s new 200,000-square-foot Boulder campus sold the property to the tech giant for $130.09 million. Google initially signed a 15-year lease for the campus at 2920 Pearl St., which will open before the end of the year. “It wasn’t our intention to sell, but things fell into place for both parties, and…

Patricia Hutchison, president of Mission Rock Residential, just returned from a weeklong trip to Houston, surveying the damage of apartment communities her Denver-based company manages in the wake of Hurricane Harvey. Thankfully, only two of the communities suffered any damage, it wasn’t as bad as she feared, and she returned to Denver. Colorado is the…

Amazon Prime. Amazon prime time in Denver, that is. You know what I’m talking about. Everyone in the Denver area is buzzing about the possibility that Amazon could plant its $5 billion flag - a second headquarters - in the Denver area. The New York Times even opined that Denver is the best choice for…

Bill Pauls once casually mentioned to me that soon after he bought the sprawling Meridian International Business Center in Douglas Count, he wondered if he had made a mistake. Pauls, now head of the Pauls Corp., bought Meridian just in time to watch the local economy crash with falling energy prices, putting on hold the…

The company that developed the Peloton in Boulder has the prized 432-acre property in Louisville under contract that is owned by energy giant Phillips 66, the Colorado Real Estate Journal has learned. Bancroft Capital, based in Manhattan Beach, California, appears to have agreed to pay $50 million for the land off U.S. 36, which is…