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Denver-based Development Firm Acquires Building Occupied by Turin Bicycles

A Denver-based entity of real estate development firm St. Charles Town Company has completed the purchase of a 15,164-square-foot retail building at 7th Avenue and Lincoln Street in Denver. The property has been home to Turin Bicycles for nearly 30 years and will continue to be their home. “We love this location with the activity […]

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Two Well-Positioned Retail Centers Sell for Combined $5.4M

Legend Investment Group (LIG), a division of Legend Partners, LLP recently facilitated the sale of $5.48 million in multi-tenant strip centers. The sale of two 3-tenant retail strip centers concludes a successful 1031 exchange. 9854 Zenith Meridian Drive, Englewood, sold for $2,850,000 and 4490 Peoria, Denver sold for $2,633,664. 9854 Zenith Meridian Drive is a 6,029-square-foot

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77% of Employees Are Happy in Their Coworking Space, says Survey

According to a new survey from Clutch, the leading B2B ratings and reviews platform, people are happy overall in their coworking space, suggesting that businesses don’t need a traditional office space to have satisfied employees. More than three-fourths of coworking employees, 77 percent, are satisfied with their coworking space. Clutch found the top five benefits of coworking

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Centennial Airport Plaza Sells for $7.3M

Denver-based KEW Realty Corporation has acquired Centennial Airport Plaza, located in the Centennial Airport Business Park, from Melcor Centennial LLC. KEW paid $7.3 million for the 63,112-square-foot, multi-tenant, low-rise suburban office asset. Avison Young Principals Rick Egitto and David Tilton, based in the firm’s Denver office, represented the seller in the transaction which closed on December 31, 2019.

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New Apartments to Break Ground at 1,100-acre Mixed-use Community in Broomfield

Colorado-based real estate investor and developer, McWhinney, will break ground in early 2020 on Park 40, a new multifamily development consisting of 313 apartment homes at Baseline, the new 1,100-acre mixed-use community in Broomfield. Part of West Village at Baseline, situated at Highway 7/Baseline Road and I-25, Park 40 plans to feature 51 studio apartments, 160 one-bedroom apartments, 84 two-bedroom

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Changing Demographics will Impact Real Estate, Study says

The retirement of Baby Boomers and the debut of Generation Z workers has major implications for real estate occupiers, investors and policy-makers around the world, according to a new global research report from Cushman & Wakefield, entitled “Demographic Shifts: The World in 2030.” The implications are diverse – diverging trajectories of labor force growth, an

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Denver Apartment Community Offers Attractive Value-Add Opportunity

Arel Capital, a New York City headquartered investment firm representing close to $1.6 billion worth of real estate, has sold Cambridge Place, a 114-unit apartment asset located at 1260 S. Bellaire Street in Denver, close to the neighboring Glendale submarket. Justin Hunt and Andy Hellman with Newmark Knight Frank (NKF) represented Arel Capital in the

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Healthcare Provider Signs Lease at Industry RiNo Station

Industry RiNo Station, a 152,000-square-foot office project developed by Q Factor, LLC, has a new tenant. DispatchHealth, a provider of in-home health care, has signed a lease for their new Denver-based headquarters. The 27,000-square-foot space is equipped to service approximately 230 employees as the company prepares for its next phase of growth. The office will

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Office/Industrial Asset on the Garden of the Gods Corridor Sells for $5.6M

NavPoint Real Estate Group has completed the sale of an office/industrial/flex asset located at 850 Elkton Drive, in Colorado Springs. Built in 1977, the property was originally a manufacturing facility for wood cabinetry and paneling. Most recently it has been used as a church campus with many classrooms, offices, an auditorium, print shop, TV/Film studio, and more. The campus

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