Denver IREM to host first national real estate & cannabis summit
Navigating the world of cannabis-related real estate will be front and center at a national summit to be hosted by the Greater Denver Chapter of the Institute of Real Estate Management Friday, Oct. 4. The one-day National Real Estate and Cannabis Summit will be held at the Gaylord Rockies Resort and Convention Center in Aurora.…
CREJ
September 27, 2019BMC Investments developing Hyatt House at Fitzsimons
A 140-key Hyatt House hotel will provide a new lodging option in the Fitzsimons area. BMC Investments is developing the hotel at the southeast corner of East Colfax Avenue and Peoria Street in Aurora. It has owned the site, known as the Gateway at Fitzsimons, since 2013. “Fitzsimons is one of the fastest-growing hospital campuses…
Kris Oppermann Stern
September 20, 2019Denver signs long-term lease for central I-70 property
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Kris Oppermann Stern
September 20, 2019Ivy Realty pays $8.75 million for value-add buildings
Ivy Realty added to its Boulder portfolio with the $8.75 million acquisition of two industrial/flex buildings that it will reposition as creative office space. The buildings at 5300 and 5306 Sterling Drive total 46,702 square feet. They are located adjacent to 5360 Sterling, a building Ivy acquired last year, transformed into creative space and leased to a technology company. “Ivy has a proven track record in Boulder, and their acquisition of 5300 and 5305 Sterling will be a continuance of their creative vision that attracts best-in-class tenancy,” said JLL Senior Director Leon McBroom. McBroom led a JLL Capital Markets team that arranged $8.7 million in acquisition bridge financing for the purchase.
Kris Oppermann Stern
September 19, 2019Denver Corporate Center II & III fetch $71.71 million price
Florida-based TerraCap Management LLC entered the Denver market with the $71.71 million purchase of Denver Corporate Center II and III. “We feel there are some great opportunities in Denver, particularly with these assets,” said Steve Good, TerraCap partner and director of acquisitions. “We like both the short- and long-term growth aspects of the market and…
Kris Oppermann Stern
September 15, 2019Brick-and-timber building in LoDo neighborhood sells for $6.43M
A three-story office/retail building in Lower Downtown Denver fetched $418 per square foot in a sale to California buyers. JHB Properties LLC and WSJ Associates LLC bought 1925 Blake St. for $6.43 million. Webb Properties LLC was the seller. The 15,375-sf, brick-and-timber building is a half-block from Coors Field. Built as a warehouse in 1890,…
Kris Oppermann Stern
September 15, 2019Armory’s future fortified with apartments
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Kris Oppermann Stern
September 15, 2019DPC to jazz up retail corner at latest Cherry Creek building
DPC Cos. already is at work on its latest acquisition in Cherry Creek – the 122,788-square foot office building at 400 S. Colorado Blvd. in Glendale. “Literally the day we closed we went in and started demoing the tired, obsolete spaces,” said DPC President Chris King, whose company has repositioned three other Cherry Creek assets.…
Kris Oppermann Stern
September 7, 2019Walmart, Sigma leases lead to next building at 76 center
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Kris Oppermann Stern
September 6, 2019Etkin Johnson lands space, satellite company for 80,132 sf
Etkin Johnson Real Estate Partners has landed a spacecraft and small-satellite company for an 80,132-square-foot office/flex building in Lafayette. Boulder-based Blue Canyon Technologies, which builds satellites as well as spacecraft for government, commercial and academic missions, leased 2550 Crescent Drive, a two-story building at Lafayette Corporate Campus. It will relocate to the property in the…
Kris Oppermann Stern
September 6, 2019