Oak Coast Properties acquires Retreat at Water’s Edge

Oak Coast Properties continues its acquisition of metro Denver properties with its most recent purchase of the Retreat at Water’s Edge. The Southern California-based investment firm, specializing in Class B and C apartment communities, paid $54.4 million for the 252-unit community. Oak Coast purchased the value-add community with plans to invest $2.2 million in renovations […]

Jennifer Hayes

December 21, 2020

Griffis grows with $73.25 million Cherry Creek purchase

Griffis Residential grew its metro Denver apartment portfolio with its purchase in Cherry Creek. The multifamily real estate investment company purchased the Alexan Cherry Creek community – renamed Griffis Cherry Creek North – from Trammell Crow Residential for a reported $73.25 million, according to public records. JLL declined to comment on transaction specifics but noted […]

Jennifer Hayes

December 7, 2020

Ace Hardware lease one of largest in airport submarket

Ace Hardware Corp.’s lease at Airport Distribution Center 3 is one of the largest new leases in the airport submarket this year – one of a number of recent industrial lease transactions handled by CBRE. Ace Hardware leased 128,982 square feet of space at Airport Distribution Center 3 at 15965 E. 32nd Ave. in Aurora. […]

Jennifer Hayes

November 23, 2020

Hines, investment partner break ground on RiNo project

Hines, along with investment partner Cresset-Diversified QOZ Fund, has commenced construction on Residences at RiNo, a 397- unit, luxury, for-rent apartment community at the entryway of Denver’s River North Arts District. The midrise project, at Brighton Boulevard and 43rd Street and located within North Wynkoop’s 1.25 million-square-foot mixed-use development, is the fourth joint venture between […]

Jennifer Hayes

November 1, 2020

Central Denver apts. trade for $140 million

A joint venture between Urban American and Madison International Realty purchased a “one-of-a-kind” asset – the largest value-add apartment community in central Denver. The partnership paid a reported $140 million, or $304,348 per unit, for the Marquis at the Parkway, a 460-unit multifamily property at 1170 Galapago St. in Denver. “Despite COVID-19-related challenges, the sellers […]

Jennifer Hayes

October 19, 2020

Lowry apartments sell for $105 million to Ohio-based buyer

An Ohio-based buyer paid $105 million for a newly built Lowry multifamily community at a record-setting mark for a Denver metro garden apartment property. The Connor Group added to its Colorado holdings with its purchase of Broadstone Lowry, renamed Alas Over Lowry to pay tribute to Lowry’s Air Force Base history during World War II. […]

Jennifer Hayes

October 12, 2020

Pembrooke apartments sell for $163 million

A Salt Lake City-based real estate investment management firm added to its Colorado holdings with the highest-priced multifamily deal to close to date this year in the Denver metro area. Bridge Investment Group paid $163 million, or $169,969 per unit, for Pembrooke on the Green. The 959-unit property was sold by Oak Coast Properties, which […]

Jennifer Hayes

October 5, 2020

Industrial property sells as part of national portfolio deal

Ascent Commerce Center, a speculative Class A warehouse/ distribution center in Commerce City, was sold as part of an eight property, 4.7-million-square-foot industrial portfolio to PGIM Real Estate. Crow Holdings’ real estate investment management company Crow Holdings Capital completed the sale of the portfolio comprising 15 buildings across five markets, including Commerce City, Atlanta, Dallas, […]

Jennifer Hayes

September 21, 2020

Vacant Salvation Army facility sells for $6M to developers

A longstanding flex property in Globeville sold to a buyer experienced in redevelopment. Wolf | Stutz Investments, headed by developers Ken Wolf and Ari Stutz, whose prior projects have included redevelopments in the River North and Clayton neighborhoods, purchased the former Salvation Army facility at 4751 Broadway in Denver. It paid $6 million for the […]

Jennifer Hayes

August 23, 2020

Pepsi lease kicks off Pecos Logistics Park

PepsiCo’s lease has popped the top on the Pecos Logistics Park project. PepsiCo Beverages North America signed a 283,500-square-foot lease at the 66-acre infill logistics park under construction at the northwest corner of 56th Avenue and Pecos Street in Denver. “Pecos Logistics Park is one of the last infill, large-scale development sites in the Denver […]

Jennifer Hayes

August 17, 2020