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Canvas Credit Union Opens New Branch in Writer Square

Leave a Comment / Renovation /

Canvas Credit Union has a new, innovative branch in downtown Denver’s Writer Square, located at 16th and Larimer. The new branch transformation includes the removal of traditional teller walls, and the development of a “shoulder-to-shoulder” service model that takes typical transactions to some comfy chairs or standing pods, making the member experience feel more like you’re […]

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Site within a Denver Opportunity Zone Sells to Affordable Housing Developer

Leave a Comment / Affordable Housing, Brokerage, Development /

Denver-based non-profit Brothers Redevelopment Inc. has purchased a 0.25 acre parcel of land at 4401 Josephine St, located in Denver’s Elyria-Swansea neighborhood, for $720,000. Brothers plans to develop affordable housing in the rapidly redeveloping neighborhood. 4401 Josephine St is a parcel of land zoned U-RH-3A within an opportunity zone. The property is located just minutes from RiNo,

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Office Campus in Colorado Springs Sells for $6.6M

Leave a Comment / Brokerage, Office /

Woodmen Office Campus II, a 77,608-square-foot office building located at 7450 Campus Drive in Colorado Springs, has sold for $6,615,000. James Brady, Campbell Davis and Patrick Devereaux with CBRE’s Denver office, along with Nicola Myers-Murty of CBRE’s Colorado Springs office, represented the seller, an institutional investor out of Dallas, Texas. The American Way Group, LLC, from Saint Charles, Mo.,

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DIA Site Selected for Rocky Mountain Real Estate Challenge

Leave a Comment / Development, Education /

NAIOP Colorado and Land Title Guarantee Company, have selected a Denver International Airport site located at 61st Ave. and Peña Blvd for the 18th Annual Rocky Mountain Real Estate Challenge. ‘The Challenge’ is the premier real estate competition that pairs graduate-level students from the University of Colorado and the University of Denver and industry leaders in the Colorado

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Average Rent in Denver Jumped $36 in December, says Report

1 Comment / Rent, Reports /

The average rent in Colorado reached $1,519 in December, increasing 2.9 percent, according to data provided by Yardi Matrix. Out of the 22 cities analyzed, rent prices declined in only two markets, by 0.2 percent. Nationally, apartments were renting for $1,474 on average at the end of 2019, after the slowest annual rise in the past 17 months (3

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NKF Closes Fifth-Largest Multifamily Portfolio Sale in U.S. History

Leave a Comment / Brokerage, Multifamily /

Aragon Holdings, LLC’s national portfolio of apartment properties has sold to Harbor Group International (HGI), a global real estate investment and management firm, for $1.85 billion. The transaction is the largest multifamily sale since 2016 and the fifth largest ever recorded in the U.S. Newmark Knight Frank (NKF) represented Aragon in the sale and HGI

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Gelt, Inc. Expands Denver Presence with $145.5M Acquisition

Leave a Comment / Brokerage, Multifamily /

Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear Creek. Located at 2605 S. Miller Drive in the Bear Creek area of Lakewood, the asset includes 472 units. Gelt now owns nearly 2,500 units in six

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Movers and Shakers Week Ending 01.17.20

Leave a Comment / Movers and Shakers /

Cresa Promotes Three Including Scott Churchley to Principal Cresa, the world’s only global commercial real estate firm that exclusively represents occupiers of space, announced three promotions this week including, Scott Churchley to principal, Rachel Trice to senior vice president and Matt Burton to vice president. “Scott keeps his head down and does whatever it takes

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Industrial Market Denver

Denver Metro Office, Retail and Industrial Sectors Close Out 2019 Strong

Leave a Comment / Brokerage, Industrial, Multifamily, Office, Reports, Retail /

CBRE has released its Q4 2019 MarketView reports analyzing year-end performance for metro Denver’s office, industrial and retail sectors. “Metro Denver closed out 2019 strong, and we are now focused on some headwinds and tailwinds moving into 2020,” said Pete Schippits, senior managing director of CBRE’s Mountain States. “Looming questions remain around slowing population growth, high housing

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Saunders Construction Opens New LoDo Office

Leave a Comment / Construction, Office /

Saunders Construction, Inc., has opened a new corporate office in the historic Struby-Estabrook building in Denver’s LoDo. Saunders completed tenant improvement services for the space, located at 1660 17th St., Suite LL1, at the end of December. Saunders will continue to manage its main operations out of its headquarters, located in Englewood, Colorado. However, some key business functions, including Saunders

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