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Broe expands MOB repositioning strategy with $15.6M buy

Broe Real Estate Group recently expanded its medical office building repositioning efforts with the $15.6 million acquisition of Dry Creek Medical Office Building. Broe plans to invest $2 million-plus to reposition the 57,257-square-foot building, where it already has extended leases with two major tenants. Dry Creek Medical Office Building is a multitenant building on 4.23…

Kris Oppermann Stern

August 19, 2019

NewStreet makes ‘smart’ buy with Panasonic building

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

August 19, 2019

Springs’ booming economy impacts apartment market

Colorado Springs rewrites the rulebook on millennial appeal, creating a reputation as a hot spot for young professionals seeking a higher quality of life.

CREJ

August 18, 2019

Housing crisis motivates innovative, new approaches

A recent report by ATTOM Data Solutions announced Denver as the worst county for home affordability in the United States, as a percentage of income necessary to afford a median-priced home relative to historic averages.

CREJ

August 18, 2019

United Properties lands mattress company for 289,113 sf

United Properties landed one of the biggest names in mattresses for a newly completed, 289,113-square-foot speculative industrial building at Interstate 70 and Tower Road in Aurora. Sealy Mattress Manufacturing Co. signed a long-term lease for Tower Business Center 1 at 18701 E. 38th Ave. Tenant improvements are underway, and Sealy is expected to take occupancy…

Kris Oppermann Stern

August 18, 2019

Westminster building acquired for $14.98M

A local investment group acquired an approximately 126,000-square-foot value-add office building along the U.S. Highway 36 corridor for $14.98 million.

Kris Oppermann Stern

August 10, 2019

CBD company leases 136,610 square feet in Louisville

Etkin Johnson Real Estate Partners leased a new 136,610-square-foot speculative industrial/flex building at the Colorado Tech Center, prompting construction of the next building at Louisville Corporate Campus.

Kris Oppermann Stern

August 8, 2019

First Industrial pays $9 million for PODS building in Aurora

First Industrial Realty Trust bought a net-leased industrial building in Aurora for $9 million, or $106.26 per square foot. The 84,700-square-foot building is located at 21110 E. 31st Circle. Moving and storage company PODS occupies the property on a triple-net lease with more than eight years remaining on the term. First Industrial Senior Regional Director…

Kris Oppermann Stern

August 8, 2019

Homewood Suites by Hilton Boulder among hotel sales

A Denver group paid $16.9 million for the Homewood Suites by Hilton Boulder, while an institutional investor picked up four other hotels in deals totaling $45.82 million.

Kris Oppermann Stern

August 7, 2019

Denver targeted by fast-growing Sonder

A hospitality company with more than $400 million in funding is on track to add multiple new locations in some of Denver’s most desirable neighborhoods.

Kris Oppermann Stern

August 4, 2019