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 …


Holiday Inn Express & Suites DTC Sells for $9.2M

ENGLEWOOD — The Holiday Inn Express & Suites, a 92-room hotel in Englewood, Colorado has sold for $9.2 million, according to Bob Kaplan, regional manager of Marcus & Millichap’s Denver office. Neville Rustomjee, an investment specialist in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on …


Denver’s Retail Market Outperforming Other U.S. Markets

DENVER – A new research report from CBRE shows that despite continued shake-ups in the retail industry, Denver’s retail market has sustained growth in the post-recession period. Compared to peer markets, Denver’s retail rent growth is moderate, while absorption of space and construction activity is strong. Local retailers are also adapting to the …


Lee & Associates Denver Negotiates 128,100 SF Industrial Sale

The Denver and Minneapolis offices of Lee & Associates recently announced the sale of a 128,100-square-foot manufacturing facility in Pueblo. Ron Webert with Lee Denver and Chris Garcia with Lee Minneapolis represented the buyer, Russ Davis Wholesale, a Minneapolis based fresh fruit and produce distributor. The building, once home to the Mars Company, …


First Integrated Mixed-Use Property to be Built in Wheat Ridge

DENVER — A new mixed-use property called West End 38 Apartments is to be built in Wheat Ridge, Colorado that is expected to serve as a catalyst for further re-development along the 38th Avenue corridor. The new property will feature 165 apartment units, 7,269 square feet of retail space, and a mix of outdoor public courtyards …


Safeway Shadow-Anchored Retail Center in Thornton a Solid Investment

THORNTON, CO — The Colorado Marketplace retail center, located at 3744-3788 and 3944-3980 East 104th Avenue in Thornton has sold for $7.45 million, demonstrating the appeal of online-resistant retailers with RTD access to investors. Matthew Henrichs and Brad Lyons with CBRE Capital Markets’ National Retail Partners in Denver represented the seller, a private investor …


Etkin Johnson Welcomes Two New Tenants to Enterprise Park in Stapleton

DENVER — Etkin Johnson Real Estate Partners recently secured two new, strong-credit tenants for its Enterprise Park at Stapleton, with long-term leases on two industrial/flex buildings totaling more than 320,000 square feet. Pinnacle Architectural Lighting, Inc. is scheduled to move into a 172,627-square-foot building located at 3801 N. Havana St. in Q3 2018. Floor & …