A Northern Colorado concrete company recently cemented the acquisition of an office/flex building off the East Harmony Road corridor in Fort Collins. Peak Cos., which was occupying the 37,993-square-foot building at 4862 Innovation Drive on a short-term lease, purchased the property for $6.49 million, or $170 per sf. Oakridge Innovation LLC was the seller. Josh…

Western Union sold its former global headquarters buildings in Englewood for $40 million. A Reno, Nevada-based group bought the 391,240-square-foot campus in Meridian International Business Center through an entity called Meridian Office Partners LLC. The campus consists of two buildings, 192,779 and 198,461 sf, at 12500 and 12510 E. Belford Ave. Connected by a basement-level…

A value-add office asset in Uptown Denver drew tremendous activity from investors, ultimately selling to a market newcomer for $25.75 million. ROF IV Grant LLC, managed by Los Angeles-based Regent Properties, bought 1900 Grant from SteelWave. The 136,118-square-foot building was about 45% occupied, providing an opportunity to add value through continued improvements and lease-up. Listing…

Majestic Realty Co. went small and saw big demand for a series of new buildings in Aurora. “Our general M.O. around the country and here in Aurora is to build the largest spec building that any given market can sustain, and we’re longterm holders as well,” said Majestic Realty Vice President Michael Kapoor. In the…

Clarion Partners landed a three-building office portfolio in downtown Boulder for $146.3 million, or $621.72 per square foot. The deal included two of the largest office buildings downtown, 1050 Walnut and Canyon Center, along with 1900 15th St. The portfolio totals 235,316 sf. “Downtown Boulder is such a unique market. For someone to come in…

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Land Title Guarantee Co. and NAIOP Colorado, the Commercial Real Estate Development Association, selected a portion of a 60-acre parcel owned by Denver International Airport at East 61st Avenue and Peña Boulevard in Denver as the subject for the 18th annual Rocky Mountain Real Estate Challenge to be held Tuesday, April 28. The challenge is…

Denver’s position slipped in the latest Emerging Trends in Real Estate report, but the city remains in the top 20 markets to watch nationally in 2020. In terms of overall real estate prospects, Denver ranked 17th in the nation, down from No. 8 last year. The lower ranking shouldn’t be concerning because there is less…

Brinkman has acquired a newly completed hotel in Parker as part of a long-term investment strategy. Brinkman, in partnership with Utah-based developer Colmena Group, purchased the 108-room SpringHill Suites by Marriott at 9355 Silverado Drive. The price was $17.28 million, or $160,000 per key. The 66,641-square-foot building is located off Silverado and North Pine Lane, less than a mile from the intersection of E-470 and Parker Road. The upper-midscale hotel features a breakfast area, 356 sf of meeting space, an indoor pool, fitness center, lobby workstation, market pantry and guest laundry area.

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