Multifamily Portfolio Near Swedish Medical Center Sells for $15.35M
Berkadia — a joint venture of Berkshire Hathaway and Jefferies Financial Group — has announced the off-market sale of the Swedish Portfolio, a three-property, 79-unit multifamily portfolio in Englewood, for $15.25 million. The sales price reflects a per-unit price of $193,038. Senior Directors John Laratta and Nick Steele, Director Tyler King, and Associate Director Nate …
Movers and Shakers Week Ending 01.14.22
CBRE Announces Three Promotions in Colorado CBRE announced that three professionals in its Colorado offices have achieved honorary title promotions. Based in Denver, Dann Burke is promoted to senior vice president. Mr. Burke specializes in healthcare-related real estate transactions and medical office properties across the Denver metro area and greater …
Houston-Based General Contractor Sets Sights on Denver
Arch-Con® Corporation, a general contractor for commercial construction headquartered in Houston, is taking root in Denver with the purchase of an office building for its Colorado operations in the Cherry Creek area, located at 131 Madison Street. “Denver is a consistently dynamic commercial real estate market,” Arch-Con Founder Michael G. Scheurich said. “Therefore, …
ISEC, Inc. Wins AGC ACE Award for 2021 Best Building Project
ISEC Inc., a national construction contractor dedicated to delivering innovative interior finish solutions through more than 1,500 exceptional trades professionals, has been named the Best Building Project – Subcontractor – Non- MEP (Over $2 Million) for their work on McGregor Square in Denver. The ACE awards for Construction Excellence are given to projects …
Zeppelin Development Growth Strategy Brings New Tenants, Projects in 2022
By Adam Larkey, director of Sales and Leasing for Zeppelin Development Capping off a record-setting year in 2021, Zeppelin Development enters the new year building on its success of collaboration and addressing its tenants’ ever-evolving space needs. Looking ahead, 2022 is lining up to be another big year as Zeppelin plans more improvements, expansions …
Six-Building Multifamily Project Planned for Basalt, Colorado
Development firms Lang Partners and Realty Capital Residential have secured $54.5 million in financing for the construction of Tree Farm Lofts, a 196-unit, six-building multi-housing community in Basalt, Colorado. With a completion date of July 2024, the property will be wood-framed construction on a concrete post-tension slab foundation consisting of …
National Law Firm Signs Lease at Block 162
Michael Best & Friedrich LLP, a national law firm with more than 400 attorneys and legal professionals across 19 offices, has signed an office lease at Block 162. The law firm, with a Denver team of approximately 40 employees, will occupy 15,095 square feet on level 20 of the building, …
BMC Investments Sells Moxy Cherry Creek for $51.3M
BMC Investments, a leading Denver-based fully integrated and experienced developer, has sold its 170-room Moxy Denver Cherry Creek to RLJ Lodging Trust for $51.3 million, or approximately $301,000 per key. “We are pleased to acquire the recently built Moxy Cherry Creek Hotel, located within the heart of the exclusive Cherry …
Denver City Council Approves Over $1B Funding for Great Hall Project
On Monday, Denver City Council approved Denver International Airport’s (DEN) $1.1 billion proposed plan for the Great Hall Completion, the final phase of the Great Hall Project. This approval comes at a crucial time for the project, as DEN can now move forward with the design work, using personnel already …
20-Building Portfolio in Fort Collins Trades for $53.5M
Prospect Innovation Campus, a 20-building portfolio of R&D, office and industrial properties in Fort Collins, has sold for $53.5 million to Ogilvie Properties. The Campus is located on 30 acres at the southeast corner of E Prospect Rd and S Timberline Rd., two miles from Colorado State University, three miles …