Denver-Area Ultra-Luxury Apartments Sell for $127M
DENVER – Holliday Fenoglio Fowler, L.P. (HFF) has closed the $127.4 million sale of Kent Place Residences, a 300-unit, ultra-luxury, Class A apartment community located in the Cherry Hills Village area of Englewood, Colorado. The sale is the first large institutional transaction to occur in metro Denver in the third quarter of... Read more
Online Auction Sale of High-Vacancy Multi-Tenant Center Presents Rare Value-Add Retail Investment Opportunity
DENVER – CBRE announced today it recently facilitated the auction sale of 55,446-square-feet of the Standley Lake Marketplace retail center located at 8393-8533 Church Ranch Boulevard in Westminster, Colorado. The sale was unique for a couple of reasons — the property was 45 percent vacant at the time of sale and it... Read more
Snowmass Base Village Project Begins Next Phase
Snowmass Village, CO — Construction has begun on the next phase of Snowmass Base Village, a collaboration between three major players in the mountain resort business — East West Partners (EWP), Aspen Skiing Company (ASC) and KSL Capital Partners. This premier mountain resort development, located at the base of Snowmass Ski... Read more
JLL Release Q2 2017 Industrial Stats
JLL recently released their Q2 Industrial Stats that indicate a stabilization period is upon Denver, following a period of exponential growth in the industrial market. Rental rates dropped for the second quarter in a row. Though this could be worrisome for landlords, it provides tenants with more leverage when looking for... Read more
Affordable Apartment Community Trades in Heavily Amenitized Boulder
Boulder, CO — ARA, A Newmark Company (ARA Newmark) announces the $13.6 million sale of Depot Square, a new Class-A+, 71-unit, transit- and employment-centric, LEED Gold-certified community in Boulder, CO adjacent to the new Google campus. The Boulder submarket, the strongest in Colorado and one of the best in the nation, has... Read more
Denver’s Surging Housing Demand Fuels JLL Growth
DENVER – Responding to an increasingly competitive multifamily environment coupled with client demand for comprehensive capital markets capabilities, JLL Denver has tapped Craig Kalman to partner with Travis Hodge as co-leaders for its newly formed Mid-Market Multifamily operations. Denver’s population is booming. On average, some 100 new residents have moved into the... Read more
First For-Sale Condos in Union Station Neighborhood Open Sales Center
DENVER – East West Partners, a Denver-based developer devoted to building, selling, and managing high-quality real estate, and its partner Ascentris, a Denver-based real estate private equity firm,  just announced that the sales center for The Coloradan will open on July 15. With the startling lack of condominium inventory in downtown Denver, The Coloradan —... Read more
Delaware Firm Buys Three Denver-Area Medical Office Buildings for $18M
View here Anchor Health Properties of Wilmington, Delaware, new to the Denver market, have purchased three Denver-area medical office buildings for $18 million, two in Highlands Ranch and one in Cherry Hills. The purchase was made on behalf of Chestnut Healthcare Partners, a healthcare real estate equity fund. Image courtesy... Read more
Kroenke Purchases Shopping Center in Longmont for $24.8M
View here According to BizWest, The Kroenke Group’s Columbia, Missouri-based TKG Management Inc. subsidiary has bought the majority of a 115,000-square-foot shopping center in Longmont, CO., for $24.8 million. The seller was Inland Real Estate Group of Oak Brook, Illinois. Image courtesy of EMPICS Sport. Read more
L.A. Company Buys $107M Worth of Lakewood Apartments
View here Gelt Inc., a Los Angeles-based real estate investment management firm has purchased two apartment complexes in Lakewood for $107 million. Ascend at Red Rocks was built in 1981 on 16.5 acres near Union Square in Lakewood, at 13105 W. Second Place. Elevate at Red Rocks was constructed in... Read more