BrokerageInvestmentMultifamily

Observatory Park Apartments Sell for $92.5M

DENVER — Modera at Observatory Park Apartments, a 275-unit Class A newly constructed infill apartment community located at 1910 S Josephine St. near Denver University, has sold for $92.5 million. The Bascom Group, LLC (“Bascom”), a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related …

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InvestmentMultifamilyOffice

Chicago Investor to Open Denver Office

View here Chicago-based Golub & Co, leaders in real estate development and investment, recently announced that the company will open a Denver office that will focus on multifamily and office acquisitions in the west. The company was previously an owner in Snowmass Village and Fallingwater Condominiums in Denver and is also part …

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ConstructionDevelopmentIndustrialInvestment

iBrands to Construct Cannabis Grow Facility Near Durango-La Plata Airport

DURANGO, CO — According to iBrands Corporation, Inc. (“the Company”), a diversified holdings company, legal cannabis sales topped $1 billion in Colorado last year. From 2009 to 2014, 36 percent of new industrial tenants were marijuana businesses there and nearly four million square feet of industrial space in Denver was being …

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Investment

Prologis to Acquire DCT Industrial Trust for $8.4 Billion

DENVER — Denver real estate investment trust DCT Industrial Trust is being purchased by California firm Prologis, Inc. for $8.4 billion. The two companies have entered into a definitive merger agreement by which Prologis will acquire DCT in a stock-for-stock transaction, including the assumption of debt. The boards of directors of both companies have unanimously …

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InvestmentMultifamily

New York-based Investment Firm Acquires Fourth Denver Metro Property within 16 Months

LAKEWOOD — New York-based Castle Lanterra Properties (CLP) continues to expand its multifamily portfolio in the Denver metro area with the acquisition of its fourth property within the last 16 months. The firm recently purchased the 201-unit property, The Ranch at Bear Creek, bringing its total unit count to more than 1,100. …

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BrokerageIndustrialInvestment

BKM Capital Partners Make Denver Debut with $20M Acquisition of 215,000 SqFt Multi-Tenant Industrial Park

DENVER – Marking their first Denver acquisition, BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial investments, has acquired Inverness Business Park, a Class A, 215,268-square-foot, eight-building industrial asset, for $20,200,000, reflecting a 57-percent discount to replacement cost. “Denver is a dynamic market with strong …

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