BrokerageDevelopmentRetail

Marijuana Driving Up Retail Rents Commercial Real Estate Market

View here Lee and Associates’ principal, Paul Hallberg, provides insights into how marijuana retail locations are driving up rents in the retail commercial real estate market. Rental rates which are averaging $30/SF for marijuana retail locations are driven by the premium for space. Considerations for financing, the impact of light …

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BrokerageMultifamily

HFF Closes Sale and Secures Acquisition for Belle Creek Apartments

DENVER, CO –  Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and secured acquisition financing for Belle Creek Apartments, a 156-unit residential community with 6,256 square feet of ground-floor retail in Henderson, Colorado. HFF marketed the property on behalf of a real estate investment trust.  …

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BrokerageDevelopmentMultifamily

Chinese Modern Land Co. Forms AMG Capital to Invest High Growth Cities including Denver

Houston, TX – Modern Land (China) Co. Limited announced the formation of AMG Capital, LLC, a U.S.-based affiliate company formed by Chairman Lei Zhang and John Landrum, the CEO. AMG Capital is headquartered in Houston, Texas along with other Modern Land affiliates, American Modern Green Development and Crown Point Regional …

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BrokerageDevelopmentIndustrialRetail

To Spring Forward, CRE Should Look Back

In theory, analysis of market research can prevent the commercial real estate industry from repeating the mistakes of the past. Left unheeded, market research can only provide numbers and statistics. by Julie Wanzer, LEED AP As we “spring forward” into the second quarter of 2016, it can be beneficial to …

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BrokerageMultifamily

Student Housing Community Near CSU Marks 1st Acquisition for Core Spaces

Fort Collins, CO – Core Spaces, a Chicago-based real estate development and management firm, has acquired a three-year old, 665-bed community at Prospect and College avenues, one block from Colorado State University in Fort Collins. The purchase, which closed April 19, was the first for Core Spaces since the firm …

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BrokerageMultifamily

CBRE Completes $41.8M Sale of Highpointe Park Apartments in Thornton

Thornton, CO – CBRE Denver Multifamily Investment Properties, which recently completed the sale of Highpointe Park Apartment Homes, a multifamily property located in North Denver at 9701 Pearl Street in Thornton, Colorado. Built in 2013, the 220-unit property includes 206,570 total rentable square feet. The sales price was $41.8 million or …

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BrokerageMultifamily

48-Unit Apartment Building Sold by Marcus & Millichap

Lakewood, CO –  Marcus & Millichap recently today announced the sale of Maplewood Apartments, a 48-unit apartment property located in Lakewood, Colorado, according to Richard A. Bird, regional manager of the firm’s Denver office. The asset sold for $5,600,000. Brian Haggar, apartment specialist in Marcus & Millichap’s Denver office and …

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BrokerageOffice

Decline of Oil and Gas Opens Doors New Office Tenants

With headlines of bankruptcy, job cuts and continued low oil prices, the decline of oil and gas companies in Colorado is spilling over into the commercial real estate market. This resulting abundance of office sublease space, allowing new tenants such as co-working companies to occupy the CBD, has the potential …

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BrokerageMultifamily

Sloan’s Lake Apartments Sold by CBRE

Lakewood, CO – CBRE, Inc. recently represented Goldman Sachs in the sale of Sloan’s Lake Apartments, located at 6792 West 19th Place in Lakewood. The complex was built in 1986 and includes 191 units. Aukum Management of Larkspur, California, purchased the property for a confidential price in a sale that …

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BrokerageMultifamily

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 sale. …

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