Apartment Portfolio in Colorado Springs Sells for $102M

DENVER — Slipstream Properties, an experienced apartment ownership group that has purchased and renovated more than 1,000 apartment residences in the Denver Metro Area, has bought seven apartment complexes in Colorado Springs totaling 1,178 units, for $102.25 million. HFF brokers Kristian Lichtenfels and managing director Josh Simon worked exclusively on behalf of Slipstream. …


Final Asset Trades in Eight-Property Mixed-Use Portfolio in Aurora

DENVER – The final asset in the Southlands High Visibility Portfolio, a 9,420-square-foot retail center in Aurora, has traded. Transwestern’s Brad Cohen and Larry Thiel represented the seller, BLC-II LLC, in the disposition of the eight-property mixed-use portfolio totaling 67,805 square feet at 24272 E. Prospect Ave, developed by Alberta Development. The buyer …

Affordable HousingBrokerageConstructionEvents

Marcus & Millichap Denver Participates in Habitat for Humanity

DENVER— On May 12, 13 employees of Marcus & Millichap’s Denver office, including Regional Manager Bob Kaplan, participated in a volunteer day benefiting Habitat for Humanity, a nonprofit organization that helps families build and improve places to call home. Sheridan Square will be the largest development in Habitat for Humanity of Metro Denver’s history. Located …


J.P. Morgan Buys Denver Industrial Campus for $74 Million

DENVER – Hub 25, a recently completed Class A multi-tenant industrial campus located at 601 East 64th Avenue in Denver, has sold for $74 million. Institutional investors advised by J.P. Morgan Asset Management purchased Hub 25, marking the first new construction industrial campus sale in Central Denver this cycle. The site is the former …


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 …

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 …


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 …


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 …


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 …


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. …