Author name: milehighcre

Aurora Apartments Sell for $143M

Oak Coast Properties has acquired The Courtyards at Buckley, a large apartment community in Aurora, for $143 million. The acquisition marks Oak Coast Properties’ twelfth multifamily acquisition in metro Denver, signaling the firm’s continued bullish stance on commercial real estate investment in the burgeoning market. Oak Coast Properties also announced plans for a significant enhancement to […]

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Defense Health Agency Facility in Aurora Under New Ownership

Easterly Government Properties, Inc. (the “Company” or “Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government, has acquired the 116,500-square-foot Defense Health Agency (“DHA”) mission critical facility in Aurora. DHA – Aurora, a build-to-suit property specifically constructed for

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Black Creek Group Sells its $4B Portfolio to Prologis

Industrial Property Trust Inc. (IPT) — Denver-based Black Creek Group’s sponsored investment fund — has closed on the sale of its wholly-owned real estate portfolio to affiliates of Prologis, Inc., in a deal valued at $4 billion. The transaction consisted of 236 properties located across 24 geographic areas and 37.5 million square feet of industrial holdings that are

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Sale of Two Apartment Communities in Aurora Shows Continued Demand

Two apartment properties in north Aurora have sold for a combined $19.5 million. Elm Grove, a 59-unit apartment property located at 11852 E. 16th Ave., sold for $7,200,000 and Aspen Grove Apartments, a 99-unit apartment property located at 1568 Nome St., sold for $12,375,000. Greg Price and Jason Hornik, investment specialists in Marcus & Millichap’s Denver

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ABC Rocky Mountain Announces 2020 Board of Directors

Today, ABC Rocky Mountain Chapter has announced four new members joining the chapter’s Board of Directors. Marc Hendrikson with Sunflower Bank, David Hite with CRS Insurance Brokerage, Ted Kuck with Kuck Mechanical, and Dave Pavelka with Kenny Electric began their three-year board terms on January 1, 2020. Marc will be joining the Executive Committee as well,

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Movers and Shakers Week Ending 01.10.20

ABC Rocky Mountain Appoints Joanna Johnson as President & CEO The Associated Builders and Contractors Rocky Mountain Chapter (ABCRMC) Board of Directors announced the appointment of Joanna Johnson as the organization’s new president and CEO effective January 1st, 2020. Johnson has almost 20 years of experience in operations and management. Prior to her promotion, she served as

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Six Parcels of Land Sell in Castle Rock for $3.6M

Greenwood Development Group, a local investor/developer has purchased Dawson Ridge and Westfield Trade Center — six parcels of land consisting of 382 total acres located in Castle Rock at the future junction of Crystal Valley Parkway and I-25. Established in 1986, the 280.7 acres sold as part of Dawson Ridge include multiple infrastructure improvements constructed in the initial

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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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