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Denver Hotel Brand to be Acquired by Boston Hotel Company for $90M

Leave a Comment / Brokerage, Hospitality /

Denver-based RLH Corporation (NYSE: RLH), parent company of Red Lion hotels, is to be acquired by Boston-based Sonesta International Hotels Corporation (“Sonesta”), in an all-cash transaction valued at approximately $90 million. “We are excited about unlocking shareholder value through this all-cash transaction with Sonesta,” said R. Carter Pate, Chairman of RLH. “After conducting a thorough review of […]

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New Preschool Coming to Sterling Ranch in Douglas County

Leave a Comment / Construction, Development, Education /

Construction is set to begin on a Primrose private pre-school at Sterling Ranch, a 21st century master-planned community in Douglas County. The school is scheduled to open in Sterling Ranch in late 2021. The architect is Galloway and the general contractor is AD Miller Construction Services. “We’re very excited to welcome Primrose to Sterling Ranch and provide the

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FIRST LOOK: RLB Releases Q4 Construction Cost Report

Leave a Comment / Construction, Reports /

Rider Levett Bucknall (RLB) has released its Q4 Cost Report (QCR) for North America, including data for Denver. Current to October 1, 2020 and featuring construction cost information for 14 U.S. and Canadian markets, the QCR provides a statistical view of the state of the construction industry, detailing indicative construction costs for eight building sectors.

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Invesco Real Estate Acquires Pfizer Life Sciences Campus in Boulder

Leave a Comment / Brokerage, Health, Healthcare, Office /

Invesco Real Estate, a global real estate investment manager, has purchased 3200 Walnut – a four-building interconnected campus featuring 151,384 square feet of prime lab and office space in Boulder. The campus, occupied by Pfizer, includes four buildings located at 1825, 1865 and 1885 33rd Street and 3200 Walnut Street. Newmark Vice Chairman John Jugl represented the seller, Tritower Financial

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Newly-Built Apartments in Longmont Trade for Record Price

Leave a Comment / Brokerage, Construction, Development, Multifamily /

According to Brinkman Real Estate, Union Pointe, an eight-building apartment community in Longmont, has traded to Minneapolis-based Centerspace, a publicly traded real estate company focused on multifamily. The property was sold for $76.9 million ($300,390/unit), marking a record-high multifamily transaction for the Longmont market. Brinkman developed the property in partnership with Jensen LaPlante Development and Keystone Real Estate, The 256-unit

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Movers and Shakers Week Ending 01.08.21

Leave a Comment / Movers and Shakers /

HilltopSecurities Welcomes Creig Veldhuizen to Debt Capital Markets Team in Denver HilltopSecurities recently welcomed Managing Director Creig Veldhuizen as an investment banker in its Debt Capital Markets division in Denver. He will focus on providing comprehensive financial solutions for clients in the real estate and land development industry. Veldhuizen brings more than 25 years of

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January Symposium Puts Spatial Intelligence at Your Fingertips

Leave a Comment / Events, Technology /

Process innovation specialist to the AEC industry, MG AEC Technology Partners (MG) invites the industry to The Power of Where, an online symposium illuminating the intersection of BIM and GIS technologies. Sponsored by Autodesk and GIS industry leader, Esri, the January 26, 2021 virtual conference will feature an insightful exploration of the BIM to GIS movement today, tomorrow,

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Essex Forms Strategic Finance Partnership

Leave a Comment / Development /

Essex Financial Group (“Essex”) has formed an exclusive correspondent relationship with PGIM Real Estate to source loans intended for sale to Fannie Mae and Freddie Mac. With this relationship, Essex will work with PGIM Real Estate’s origination team in the Rocky Mountain region and have access to their DUS and Optigo lending platforms. PGIM Real Estate is one

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Restoration Hardware Invests $105M in Aspen Portfolio

Leave a Comment / Architecture, Design, Development, Hospitality, Investment, Retail /

Restoration Hardware (RH), a curator of design, taste and style in the luxury lifestyle market, announced it is making an initial equity investment of approximately $105 million in connection with real estate development initiatives in Aspen. The investment includes properties that will be developed into retail locations, hospitality concepts, residential developments, and workforce housing projects.

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