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

Denver among top 5 markets for commercial real estate investment, CBRE survey finds

CBRE chart

A recent survey of commercial real estate investors ranked Denver as a top target among Americas metros. Denver advanced for the third year in a row, jumping two spots to tie with Atlanta at No. 5 in CBRE’s 2019 Americas Investor Intentions Survey. The survey, which covers all asset types, found that, in 2019, more…

CREJ

March 22, 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

Schnitzer West buys site entitled for up to 1 million square feet

Peakview

Schnitzer West has acquired a site across the street from Fiddler’s Green Amphitheatre that is entitled for more than 1 million square feet of development. Peakview Place, a 10.9-acre parcel at 6363 Greenwood Plaza Blvd. in Centennial, was one of two properties Schnitzer West purchased in an off-market deal. The price wasn’t released, but it…

Jill Jamieson-Nichols

March 16, 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

Latin American investors buy East Boulder building for $2.9M

5660 Valmont

A large group of primarily Latin American investors purchased a 14,514-square-foot office/flex building in East Boulder. The property at 5660 Valmont Road sold for $2.9 million, or $199.80 per sf. The buyer was 4015 Lincoln LLC, doing business as 5660 Valmont LLC. The building is fully leased to the Denver Post, Work in Progress and…

Jill Jamieson-Nichols

March 11, 2019

Schnitzer West buys two properties in southeast Denver

Peakview Place

Schnitzer West has acquired a site across the street from Fiddler’s Green Amphitheatre entitled for more than 1 million square feet of development. Peakview Place, a 10.9-acre parcel at 6363 Greenwood Plaza Blvd. in Centennial, was one of two properties purchased. The price wasn’t released, but it was recorded at $20.25 million, or $42.57 per…

Jill Jamieson-Nichols

March 6, 2019