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Investor Takes Advantage of Low Rates, Acquires Centennial Office Building

Leave a Comment / Brokerage, Office, Transit /

Arapahoe Plaza East II, located at 7955 East Arapahoe Court in Centennial, has sold for $3,525,000. The 29,140-square-foot multi-tenant office building was 96 percent occupied at the time of sale with a diverse tenancy of professional office tenants who were attracted to the building’s ideal location and recent improvements to the interior suites and common areas. Built in […]

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Elsy Studios Designs YES Communities Headquarters in DTC

Leave a Comment / Design, Development, Office /

Elsy Studios, a Denver-based full-service commercial interior design firm recently completed the design of YES Communities’ new Denver headquarters in the Denver Tech Center. The growing company’s new digs will be home to its 130 Colorado-based employees. The 35,000-square-foot office space sits on the top floor of the newly built 5050 S. Syracuse building in the Denver Tech

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Mixed-use Campus in Littleton Sells for $2.8M

Leave a Comment / Brokerage, Office /

A 22,000-square-foot commercial mixed-use campus in Ken Caryl has sold for $2,790,000 ($126.82/SF). The four-building campus, located in Littleton, came equipped with six tenants, and room for the buyer to occupy the remaining space as an owner/user. Corey Sandberg, advisor with Pinnacle Real Estate Advisors, LLC represented the seller in the transaction. “The seller completed development

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Joint Venture Acquires Multifamily Portfolio

Leave a Comment / Multifamily /

A newly formed REIT joint venture — which includes property management company Simpson Housing, headquartered in Denver, Atlanta-based Domain Capital Advisors, and PFA Pension of Copenhagen, Denmark — has acquired a 49 percent equity interest in a 13-asset, Class A multifamily portfolio for an aggregate value of $1.05 billion. The multifamily portfolio, which was owned by

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City Outlines New Health and Safety Requirements for Construction Sites

Leave a Comment / Construction, Health /

Due to the unique issues related to supply chain, financing, contract deadlines, and public need, construction may continue under Governor Polis’ stay-at-home order as long as social distancing requirements are followed on construction worksites. This is intended to allow for continuity of operations on critical infrastructure such as roads, rails, airports, housing (especially low-income housing), energy infrastructure and

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Multi-Tenant Retail Asset in Thornton Fetches $4.8M

Leave a Comment / Brokerage, Retail /

NavPoint Real Estate Group has completed the sale of an 8,573-square-foot multi-tenant net lease investment asset located at 7315-7375 East 128th Avenue in Thornton. The transaction successfully closed in April 2020. Built in 2018, the property is a single-story masonry building situated on 1.743 acres. The exterior of the property features a roof line with architectural interest and the

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Movers and Shakers Week Ending 04.10.20

Leave a Comment / Movers and Shakers /

McKinstry Bolsters Technical Services Business; Names New National Director McKinstry, a national construction and energy services firm, has expanded its national and regional technical services business, naming a new national director of Technical Services and promoting several key executives to lead the technical services teams in the Pacific Northwest, South and Midwest regions. McKinstry’s technical

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1420 Wynkoop Back on Track

Leave a Comment / Architecture, Development, Office /

Following the success of Unico Properties‘ Circa building located at 16th and Platte in Lower Highland, plans for Unico’s proposed development 1420 Wynkoop Street building appear to be back on track following a period of derailment. Plans for the 8-story mixed-use development were submitted by OZ Architecture to the Lower Downtown Design Review Board in September 2019

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Denver Multifamily Portfolio Sells for $12.2M

Leave a Comment / Brokerage, Multifamily /

A three-property multifamily portfolio, located in Denver’s Cheesman Park and Congress Park neighborhoods, has sold for $12.2 million. Robert Bratley with CBRE’s Denver office represented the seller, a private local investor. An unnamed large local investment group purchased the 51-unit, 31,280-square-foot portfolio in a sale that closed March 31. The buyer plans to renovate the few remaining unrenovated units and

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CBRE Completes Full Lease-up of Industrial Property in Louisville

Leave a Comment / Brokerage, Industrial /

A 411,485-square-foot industrial property located at 333-335 Centennial Parkway in Louisville, is now fully leased to six tenants representing e-commerce, robotics, biotech, IT and manufacturing. Tyler Carner, Jeremy Ballenger and Jeremy Kroner with CBRE represented the owners, Denver-based DPC Companies and Boston-based Long Wharf Capital. “Tenants are attracted to 333-335 Centennial Parkway because it provides highly functional industrial real estate

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