A Denver-based entity of real estate development firm St. Charles Town Company has completed the purchase of a 12,500-square-foot property at Exposition and University in the Bonnie Brae retail district. The property sits adjacent to the iconic Campus Lounge and is home to ink! Coffee. “Over the past three years, we have developed a strong tie […]
St. Charles Town Company Entity Purchases Bonnie Brae Property Read More »
As part of their long-term investment strategy in Parker, real estate development and investment company, Brinkman, acquired a flagship hospitality asset last week. In partnership with Utah-based developer Colmena Group, the companies purchased the 66,641-square-foot SpringHill Suites by Marriott located off North Pine Lane and Silverado Drive. The upscale hotel has 108 guest rooms and features
Brinkman Acquires Marriott Brand Hotel in Parker Read More »
A portfolio of three Class A, newly constructed warehouse/distribution buildings that total 547,478 square feet within the Eastpark 70 development in Aurora, have been refinanced for $31.2 million. JLL worked on behalf of the borrower, Consolidated Investment Group (CIG), to place the 11-year, 3.18 percent, fixed-rate loan with an insurance company. Developed by CIG, Eastpark 70
Three Industrial Properties at Eastpark 70 Refinanced Read More »
Fox Crossing, a 220-unit affordable rental housing property located at 8350 East Yale Avenue in Denver, has sold for $34.25 million. The property operates under the Section 42 Low Income Housing Tax Credit (LIHTC) program. Dan Woodward, David Potarf and Matt Barnett with CBRE’s Denver office and Spencer Hurst, Tim Flint and Taylor Froland with CBRE Affordable Housing
Affordable Apartments in Denver Fetch $34.25M Read More »
The American Institute of Architects (AIA) Colorado has announced its 2020 Board of Directors. Following a two-month process, the 2020 Nominating Committee chaired by Past President, Carl Hole, AIA recommended a slate of candidates to serve on the 2020 Board of Directors. The recommended slate was officially confirmed at the AIA Colorado annual meeting on December 13. “We
AIA Colorado Announces 2020 Board of Directors Read More »
Saunders Commercial Development Company has received $43.2 million in structured construction financing for the development of its latest project, Ten West Greeley Apartments, a 264-unit, Class A, garden-style multi-housing property in Greeley. The Ten West Greeley Apartments project — designed by Denver-based EVStudio — is being developed on a 10.15-acre site at 6600 8th Ave within the
Saunders to Build 264-Unit Apartment Project in Greeley Read More »
The Denver City Council recently approved a pair of affordable housing contracts that will help establish 204 income-restricted homes for low and moderate-income households in the Lincoln Park and Capitol Hill neighborhoods. Loans totaling $5,175,000 have been approved for the La Tela and Olin Apartments projects, which will support affordable homeownership opportunities and senior housing
Denver City Council Approves Two Affordable Housing Projects Read More »
Salesforce, a customer relationship management solution that brings companies and customers together, is expanding in Denver with a brand new office at the 17th Street Plaza in LoDo. Salesforce employees will begin moving into the building in late 2020, leasing three floors and adding rooftop signage. According to the Salesforce blog, the new office will feature an
Salesforce Selects 17th St. Plaza for New Office Read More »
According to the Yardi Matrix Multifamily National Report for November, demand for multifamily housing remains high nationwide. More than 320,000 multifamily units have been absorbed nationally. While it’s not expected that absorption will reach 2016’s cycle peak of 377,000 units, 2019 marks the sixth straight year with at least 250,000 multifamily units absorbed. Seattle, Denver and Dallas topped
Denver Tops Multifamily Absorption List in November Read More »
According to Kroll Bond Rating Agency, Morgan Stanley, an American multinational investment bank and financial services company, is lending $373 million to refinance the Wells Fargo Center in downtown Denver. Also known as the “Cash Register Building,” Owner, Beacon Capital Partners, will use the loan to replace a previous $282.2 million mortgage from MetLife. The
Denver’s Third-Tallest Skyscraper Refinanced Read More »
