ARA Newmark Arranges Sale of Value-Add Complex in Under-Served Castle Rock Market
Castle Rock, CO – ARA, A Newmark Company (ARA Newmark) announces the $23.8 million sale of Rolling Hills located at 1129 South Eaton Circle, in Castle Rock, Colorado. Vice Chairmen, Shane Ozment, Terrance Hunt, Jeff Hawks and Doug Andrews represented the seller, Virtú Investments (Virtú), in the 186-unit, value-add... Read more
CBRE Completes $3.95 Million Sale of Centennial Retail Center
Denver, CO – CBRE Group, Inc., recently announced the $3.95 million sale of the retail center located at 8006 East Arapahoe Road in Centennial, Colorado. BS Property Investments of Denver purchased the 14,121-square-foot, seven-tenant property in a sale that closed April 1, 2016. Matthew Henrichs and Brad Lyons, both... Read more
Three Denver-Area Hotels Sold by Marcus & Millichap
Denver, CO – Marcus & Millichap has arranged the sale of three Marriott Fairfield Inn & Suites hotels in the Denver area. The portfolio contains a total of 225 rooms. “The hotels are all located in stable submarkets within the Denver metropolitan statistical area (MSA), which is one of the... Read more
$13 Million Sale of Creekside Shopping Center Latest Positive Sign  for West Colfax Retail Market
Denver, CO – CBRE Group, Inc., recently announced the $13 million sale of the Creekside on Colfax retail center located at 1692 Wadsworth Boulevard and 7475, 7355 and 7205 West Colfax Avenue in Lakewood, Colorado. Brown and Associates of Westminster, Colorado, purchased the 43,863-square-foot multi-tenant center, which is shadow anchored... Read more
Development Along the A Line:  “Corridor of Opportunity”
Denver, CO – With the opening of the A Line this past Friday, April 22nd, CBRE Research notes a “Corridor of Opportunity” for catalytic residential and commercial real estate development.  Despite millions of dollars of recent development, the Corridor’s built environment will continue to transform in the coming years.... Read more
Westminster Multi-Family Complex Trades Hands for $8.4M
Westminster, CO – Marcus & Millichap completed the sale of Edgewood Apartments, a 112-unit multi-family property located in Westminster, CO, according to Richard A. Bird, regional manager of the firm’s Denver office. The asset sold for $8,400,000. Greg Price, Clayton Primm and JD Lemon, apartment specialists in Marcus &... Read more
100% Occupied Office Building in Denver Sells for $1.2M by NavPoint
Denver, CO – NavPoint Real Estate Group facilitated the sale of a 100% occupied, 12,583 SF office building at 5800 E Evans Avenue in Denver. The seller was Cornerstone 5800, LLC. The buyer was Rajiv Bansal and Sirisha Dinavahi.  Matt Call, John Witt, and Matt Kulbe of NavPoint Real... Read more
Weekly Transaction Round-Up
Send us your weekly transactions.  Office 14190 East Evans, LLC purchases 5,697 SF office for $443,500 from BALBOA6, LLC at 14190 E Evans Ave, Aurora. NGKF Bruce Mawhinney represented the seller. Elevate Commercial Real Estate, LLC was the outside agent. Automotive Rentals, Inc. leases 2,618 SF office space from Legacy Partners II Denver Stanford Place III,... Read more
Medical Office Building Sold $4.6M Littleton
Littleton, CO – Marcus & Millichap announced the sale of a 30,447-square foot Class B medical office building located in Littleton, Colo., according to Richard A. Bird, regional manager of the firm’s Denver office. The asset sold for $4,607,843. Brian C. Smith, CCIM, an associate director of the Healthcare Real... Read more
Denver #3 City Nationwide to Move to for Millennials
Denver, CO – According to the 2016 Mayflower Movers Insight Study, Denver ranks #3 out of the top 10 cities for millennials to move. Dallas and Chicago came in at #1 and #2 respectively. The study is based on moves completed by Mayflower between January and December 2015. In a... Read more