BrokerageDevelopmentRetail

Denver’s Sidford Capital Purchases Denver Retail Center, Plans for Major Renovations

DENVER — Parker Point, a neighborhood retail strip center located at 7920 and 7950 E. Mississippi Avenue in Denver, at the intersection of Parker Road and East Mississippi, has been sold for $2.8M. Parker Point is comprised of two standalone buildings, together measuring approximately 19,943 square feet. A $150,000 renovation is expected to reposition …

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Affordable HousingBrokerageMultifamilyRetail

KeyBank Provides $49.7M in Financing for Affordable Housing Development in Westminster

WESTMINSTER — KeyBank’s Community Development Lending & Investment (CDLI) team has provided a total of $49.7 million in financing to a joint venture among Koelbel and Company, Mile High Development and Longs Peak Advisors, to support the new construction of Eaton Street Apartments, a 5-story, 118-unit affordable housing development in Westminster. Eaton Street …

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BrokerageOffice

CIM Group Acquires LoDo Towers Office Buildings

DENVER— Adding to the company’s Denver Portfolio that Includes 9th & Colorado Redevelopment, CIM Group has acquired LoDo Towers, a two-building office campus located in downtown Denver at 1331 and 1401 17th Street, as well as two adjacent parking garages comprised of approximately 1,140 stalls. The acquisition is CIM’s first in downtown Denver. 1331 is …

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BrokerageOffice

Transworld Business Advisors – Rocky Mountain Relocating to New Space in Lakewood

DENVER — Transworld Business Advisors – Rocky Mountain, the largest business brokerage firm in Colorado and part of the international Transworld Business Advisors organization, recently  closed on a 1,800-square-foot office condo at 215 South Wadsworth St. in Lakewood.  The purchase will allow Transworld to continue to expand its Colorado operations to better …

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BrokerageMultifamily

Chicago-based Investment Company Purchases Value-add Multifamily Property in Glendale

DENVER –  A 132-unit multifamily community called The Helix, located at 1017 South Birch Street in southeast Denver’s Glendale neighborhood, has sold for an undisclosed amount. The sale attracted a lot of investor interest as a value-add opportunity and it’s prime location in urban Glendale/Cherry Creek area. CBRE’s Dan Woodward, David Potarf, Matt Barnett and Jake …

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BrokerageConstructionDevelopmentIndustrial

Industrial Build-to-Suit Facility Under Construction Near DIA

DENVER — Becknell Industrial has purchased a 39.8-acre site in Nexus at DIA in Commerce City. A new 540,800-square-foot build-to-suit industrial facility is slated for completion in January 2019. The site is strategically located at Quintero Road and East 81st Avenue, which is immediately adjacent to the Denver International Airport. …

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BrokerageMultifamily

Unique Properties Announces Three Metro Denver Transactions

DENVER— Unique Properties, Inc., recently announced the following metro Denver CRE sales: 1301 North Santa Fe Drive, Denver, sold for $1,650,000. The 3,303-square-foot, colorful building was marketed as a land development opportunity and sits on 12,000 square feet of prime Denver land. The C-MX-8 zoning, plus the UO-1 & UO-2 overlays, permit a multitude …

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BrokerageConstructionEducation

U.S. Labor Shortage Impacting CRE Industry, JLL Report Says

DENVER — A JLL report called “Where are all the workers?” states that the country’s current labor shortage is having a significant impact on the commercial real estate industry, resulting in higher vacancy rates, lower asking rents and greater concessions across markets. As of January 2018, roughly 6.3 million positions remained …

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BrokerageFeatureRetail

Strong Fundamentals Support Denver Retail in Overcoming Increased Headwinds

By Drew Isaac, First Vice President Investments and Ryan Bowlby, Senior Associate, Marcus & Millichap. Denver’s retail market is benefitting from healthy employment growth, rising incomes and fundamentally sound new developments. Employers in energy, telecom and IT are creating well-paying positions, leading to an increase in disposable income and a boost to local retailers. In 2017, retail …

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BrokerageRetail

7 Buildings in RiNo Sell for $50.86M

DENVER — EDENS, one of the nation’s leading retail real estate owners, operators and developers, recently announced its acquisition of nearly 120,000 square feet of retail in RiNo for $50.86 million. According to the Denver Business Journal, the buildings sold as follows: 2601 Walnut St. sold for $12,162,800. 1336 27th St. sold …

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