7-Eleven sells for more than $1,000 per sf

A private investor picked up a newly built 7-Eleven at a price topping $1,000 per square foot. The buyer paid $3.34 million, or $1,089.48 per sf, for the 7-Eleven net-leased property at 3800 Tower Road, part of the Tower Business Center, in Denver. The build-to-suit for 7-Eleven features a 15-year, triple-net lease. It also has…

Jennifer Hayes

October 13, 2019

Amid warning signs, recession is not imminent

The U.S. economy reached its longest expansion phase in history in July, and Denver arguably has benefitted as much as any metro area in the country. Dubbed 2018’s best economy in the nation,

CREJ

September 22, 2019

QOZ fund, Hines announce plans for North Wynkoop apartments

Houston-based Hines and Cresset-Diversified QOZ Fund announced plans to build one of the first qualified opportunity zone investments in the Denver area – North Wynkoop. The 10-story apartment community will feature 392 luxury units located at the northern edge of Denver’s River North neighborhood, on a site along Brighton Boulevard just west of AEG’s Mission…

Jennifer Hayes

July 19, 2019

Holcomb joins Stream Realty Partners

Blake Holcomb joined Stream Realty Partners as managing director of its Denver office. In this new capacity, Holcomb’s primary focus will consist of leasing office properties for both institutional and local property owners. He also will provide other service offerings to his clientele, including tenant representation, site selection analysis, investment sales, strategic planning and ancillary […]

Jennifer Hayes

June 30, 2019

Companies get creative due to Denver’s talent war

A thriving economy is what all of us in business hope for, but there is no doubt that Denver’s robust growth also is creating many challenges for companies. At the top of this list, and permeating all

CREJ

June 23, 2019

HFF arranges $220 million loan for 1144 Fifteenth

A $220 million loan was arranged by Holliday Fenoglio Fowler LP for a Class AA office building in downtown Denver. The HFF team, including Senior Managing Director Eric Tupler, worked on behalf of the borrower, Hines, and its equity partner to secure a 17-year, fixed-rate permanent loan through New York Life Real Estate Investors, on…

Jennifer Hayes

June 22, 2019

Opportunities blossom in Denver’s submarkets

Finding the right office space to call home is never as easy as it seems. Multiple factors – from building type to size to amenities to location – require thoughtful consideration to ensure a company finds a space

CREJ

June 16, 2019

Managed homesharing coming to Union Denver apartments

A Denver-based firm founded last year to create a new type of urban residential model made its first acquisition with the purchase of Union Denver. The firm, daydream apartments, purchased the 13-story, 579-unit property at 1770 Chestnut Place. The sales price for the three-tower property, anchored by Whole Foods Market, which covers a full city…

Jennifer Hayes

June 8, 2019

Amherst Apartments sell in $11.1m off-market deal

A Denver apartment property recently sold in an $11.1 million transaction. The Amherst Apartments at 2775 S. Federal Blvd. was purchased by PARS LLC at a price of $137,037 per unit and a 5.75% cap rate. The 81-unit community was sold by Vukota Amherst Apartments LP. The three-story, garden-style community features a mix of one-…

Jennifer Hayes

June 7, 2019

Cedar Run community sells for $62 million

A Los Angeles-based real estate investment and asset management firm added to its Denver portfolio with its purchase of the Cedar Run Apartments in one of the largest recent multifamily transactions in the Lowry submarket. Gelt Inc. paid $62 million, or $161,500 per unit, for the 384-unit community at 888 S. Oneida St., west of…

Jennifer Hayes

May 31, 2019