Denver Hotel Market to Reach Near Record Occupancy in 2018

DENVER – Hotel supply and demand growth in Denver is expected to double the national average in 2018. Supply is forecasted to increase 4.6 percent this year, compared to 2.0 nationally, that’s according to CBRE Hotels’ Americas Research (CBRE) that provides capital markets, consulting, investment sales, research and valuation services to companies in the …


NKF Acquires Integra Realty Resources Offices in Denver

DENVER — Newmark Group, Inc. (NASDAQ: NMRK) has acquired the Denver and Pasadena offices of Integra Realty Resources (IRR) — the largest independent commercial real estate valuation, counseling, and advisory services firm in the United States — as part of a strategic move to develop its Valuation & Advisory (V&A) practice. NKF also …


Three-tenant Retail Building in Westminster Sells for $3.3M

WESTMINSTER — A new construction, freestanding, multi-tenant retail building at 13591 Huron Street in Westminster has sold for $3,250,000, representing $603 per square foot. The three-tenant building includes Dunkin’ Donuts with a drive-thru, Bank of America ATM and Huron Liquor. The property closed at a 5.9 percent cap rate, one …


Growing Tech Firm FullContact Moving HQ into WeWork Tabor Center Co-Working Space

DENVER – Denver-based tech firm FullContact will relocate its headquarters to 1200 17th Street in downtown Denver. As the firm grows from 90 Denver-based employees to a projected 175 over the next four years, they will occupy close to a full floor in the WeWork Tabor Center location, beginning November 2018. “FullContact initially launched …

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CBRE Q2 Reports on Denver Office, Industrial and Retail

DENVER — CBRE just released its Q2 reports on Denver’s Office, Industrial and Retail sectors. All three markets demonstrated continued growth during the second quarter of the year. “Overall Denver’s commercial real estate markets continue to show strength in the second quarter of the year. Nearly 10 million square feet …


Class A MOB in Grand Junction Sells for $31.5M

GRAND JUNCTION, CO — Griffin-American Healthcare REIT IV, Inc. has acquired a Class A medical office building in Grand Junction for $31.5 million. Built in 2013, the approximately 83,000-square-foot Grand Junction Medical Office Building was 100 percent leased at the time of acquisition to multiple tenants, including Colorado West Healthcare System and …


For Sale Inventory, Days on Market Increases in June

DENVER — According to a report by the Denver Metro Association of Realtors (DMAR), June saw increases in inventory, days on market and months of inventory. “Over the past few years, the fireworks from our housing market were visible from almost every street corner,” said Steve Danyliw, chairman of the …


Denver’s Baceline Investments Adds 4 Properties to Portfolio

DENVER — Baceline Investments, LLC, a Denver-based boutique private equity real estate investment and management company with neighborhood shopping center holdings throughout the Central United States, recently added four properties to its portfolio. The shopping centers include Capitol Drive in Brookfield, Wis.; North Town Center in Fort Worth, Texas; Edge O Lake Shoppes in …


Portfolio of 4 Medical Office Buildings Sells in Colorado Springs

COLORADO SPRINGS — A portfolio of four Medical Office Buildings in Colorado Springs totaling nearly 68,000 square feet has sold for $9,365,000. The buildings include a 67,811-square-foot Medical/Professional Office Campus located at 5426-5540 N Academy Blvd in Colorado Springs and also known as Academy Professional Campus. The seller was DCP Academy, LLC. The purchaser was …


Sale of Multifamily Property Near Aspen Spotlights Opportunity to Invest Beyond the Front Range

DENVER — An income-restricted apartment community located in Basalt, about 20 miles northwest of Aspen, has sold for $12.4 million. The recently completed 50-unit development, called The Willits Seven Apartments, offers income-restricted housing for residents living and working in the Roaring Fork Valley. Dan Woodward, David Potarf, Matthew Barnett and Jake Young with …