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1.65-Acres Adjacent to Broncos Stadium to be Redeveloped

Leave a Comment / Brokerage, Land Sales, Multifamily /

Minneapolis-based The Opus Group has purchased a 1.65-acre land parcel at 19th & Clay in Denver. Newmark Knight Frank (NKF) Multifamily arranged joint venture equity for the development of a future 277-unit luxury apartment development. The vacant lot and parking garage are located adjacent to the Broncos Stadium Redevelopment in the thriving Jefferson Park neighborhood. Executive Managing […]

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Greeley Apartment Sale Sets Region’s Record for Price per Square Foot

Leave a Comment / Brokerage, Multifamily /

TRR Apartments, a 16-unit apartment community located at 824-828 12th St. in Greeley, has sold for $1,750,000. According to Skyler G. Cooper, regional manager of Marcus & Millichap in Denver, the sale of the asset has set a new record in the region for price per square foot. Matthew Beverly, Boomer Beatty and Peter Standley,

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BREAKING NEWS: Funding Approved for River Mile Redevelopment of Elitch Gardens

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Plans for the massive redevelopment of Elitch Gardens Theme and Water Park took a major step forward today as JLL Capital Markets announced it has arranged $124.6 million in refinancing for the park on behalf of the borrower, a partnership of Kroenke Sports and Entertainment (KSE) and Revesco Properties. Loan proceeds will be used to retire existing debt

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Howell Construction Celebrates 85 Years

Leave a Comment / Construction, Development /

This year Howell Construction celebrates its 85th anniversary. James Robert Howell founded the firm in Denver during the Great Depression in 1935. He was deeply committed to thriving and growing in any economic situation. The firm has continued his legacy through his philosophy of creating client-for-life relationships, never outstretching company resources, and principal involvement from project start-up through completion. During

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Vintage Asset in Capitol Hill Sells for $8.4M

Leave a Comment / Brokerage, Multifamily /

New York-based Urban American Management has purchased The Kentom Apartments, a four-story, 32-unit, Victorian-era community located at 1540 Grant Street in Denver. The apartments sold for $8,450,000, marking Urban American Management’s second acquisition in metro Denver. Executive Managing Director Justin Hunt, Senior Managing Director Andy Hellman, Associate Director Ryan Cohn and Transaction Manager Katie Hufnagel of Newmark

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Interest Rates Hit All-Time Low as Coronavirus Spreads

Leave a Comment / Health, Hospitality, Industrial, Investment, Multifamily, Office, Reports, Retail /

While the coronavirus will weigh on the U.S. economy in the first quarter, growth should be sustained. According to the Marcus & Millichap special report on the virus outbreak, expectations of weaker exports, reduced tourism and supply chain-related shortfalls will moderate the pace of economic growth. However, low unemployment and comparatively strong consumption levels should off set the headwinds unless

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Movers and Shakers Week Ending 03.13.20

Leave a Comment / Movers and Shakers /

Michelle Liebling and Jon Gambrill Appointed to Co-Managing Directors of Gensler Denver Gensler announced new leadership of its Denver office with the promotion of Michelle Liebling, IIDA, NCIDQ, LEED® AP to managing director. Michelle joins Jon Gambrill, AIA, NCARB, LEED® AP, who has served as managing director since 2013. Collaborative leadership sets the firm apart, enabling

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CBRE Awarded Leasing Assignment for HighPoint Logistics Park

Leave a Comment / Brokerage, Development, Industrial /

CBRE has been awarded the exclusive leasing assignment for HighPoint Logistics Park, a 2.2 million-square-foot Class A industrial park currently in development at E-470 and 64th Avenue in Aurora. Daniel Close, Todd Witty, Tyler Carner, and Jeremy Ballenger with CBRE’s Industrial & Logistics practice in Denver are marketing the property.  Zoning has been completed and

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Office Property in Sought-After Bonnie Brae Neighborhood Sells for $1.5M

Leave a Comment / Brokerage, Office, Retail /

An office property located at 1280-1288 South Clayton Street in Denver’s Bonnie Brae neighborhood, has sold for $1.485 million. Monica Wiley and Jeff Wood with CBRE Capital Markets in Denver represented the seller, the Estate of Carol L. Bethune from Denver. Endo of Cherry Creek Properties, LLC, also from Denver, purchased the property on Feb. 25. “Nestled

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Industrial Parcel in Arvada to be Developed into Flex Space

Leave a Comment / Development /

Madison Commercial Properties, a full-service commercial real estate company based in Denver, has announced the sale of 6762 Fig Street, Arvada. The vacant light industrial parcel, consisting of 2.10 acres, sold on March 9, for $640,000 or $7.00 per square foot. The parcel part of the well-established Parkway Center Business Park and will be developed into flex space

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