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Denver Stapleton Plaza Office Center Sells for $12.5M, Renovations Planned

Leave a Comment / Brokerage, Office /

Stapleton Plaza Office Center, a 10-story office building totaling 131,949 square feet, located at 3401 Quebec Street in Denver, has sold for $12.575 million. Denver-based Ogilvie Properties purchased the office building and is planning an extensive capital improvement campaign that includes renovations to tenant spaces, HVAC systems, parking garages and common areas. CBRE’s Patrick Devereaux represented the seller, Holualoa Companies of Tucson, Ariz. “Stapleton […]

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Denver Developer Receives Financing for Two Projects in Capitol Hill

Leave a Comment / Brokerage, Construction, Development, Multifamily, Office /

Denver-based development and property management company LCP Development has secured $25 million in financing for 777 and 757 Grant Street in Denver. 777 Grant Street is a vintage office building that will be renovated and repositioned while 757 Grant Street is a Class A, ground-up multifamily development. JLL worked on behalf of LCP Development, to secure

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Prologis to Acquire Liberty Property Trust for $12.6B

Leave a Comment / Development, Industrial, Office /

San-Fransisco-based Prologis, Inc., the largest industrial real estate company in the world, and Liberty Property Trust, an investment trust that invests in office buildings and industrial properties, have entered into a definitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6 billion, including the assumption of debt. “Liberty’s logistics assets are

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South Broadway Apartments Sell for $90.5M

Leave a Comment / Brokerage, Multifamily /

Bascom Northwest Ventures, LLC has acquired 1000 South Broadway Apartments (“1000 South Broadway”), a 260-unit Class-A infill apartment community at 1000 South Broadway in Denver, for $90.5 million acquisition ($348,076/unit). Terry Daly of Cushman & Wakefield arranged the $54.50 million loan with Wells Fargo Bank. The property management team will be Avenue 5 Residential. The property was purchased with investment

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Commercial Greenhouse Under Construction Behind Stanley Marketplace

Leave a Comment / Development, Industrial /

According to the Denver Post, Brooklyn-based Gotham Greens is set to open a state-of-the-art 30,000-square-foot greenhouse facility, to be built directly behind Stanley Marketplace at 2501 Dallas St. in Denver. The greenhouse will produce the equivalent of more than 25 acres of conventional farming, serving the entire state. Inspired by the growing local and artisanal food movement,

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Movers and Shakers

Movers and Shakers Week Ending 10.25.19

Leave a Comment / Movers and Shakers /

Ware Malcomb Promotes Rob Kiester to Studio Manager, Architecture Ware Malcomb, an award-winning international design firm, announced that Rob Kiester has been promoted to studio manager, Architecture in the Denver office. In this position, Kiester helps lead and manage the architecture studio and manages select projects. Kiester joined Ware Malcomb in 2016 as a project

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In-demand Retail Property in Lafayette Sells for $4.5M

Leave a Comment / Brokerage, Retail /

Summit Marketplace, a 14,339-square-foot retail property located at 385 Crossing Drive in Lafayette, has sold for $4,500,000. Cory Gross and Jake Shirek, investment specialists in Marcus & Millichap‘s Denver office, had the exclusive listing to market the property on behalf of the seller: Harvey Sender, receiver for Gary Dragul Receivership Estate. The property is shadow-anchored by

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SoftBank Group Commits to Invest $8B in WeWork

Leave a Comment / Investment, Office /

In response to issues regarding cash flow and leadership, The We Co., parent company of coworking office space operator WeWork and Japanese technology conglomerate SoftBank Group Corp have reached an agreement under which SoftBank will provide $5 billion in new financing to The We Co., in addition to a tender offer up to $3 billion for existing shareholders.

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Schnitzer West to Bring First Office Development to Downtown Westminster

Leave a Comment / Construction, Development, Office /

The City of Westminster is partnering with Schnitzer West, a well-established developer focused on urban-suburban markets in the Seattle and Denver regions, to build 650,000 square feet of office on two sites in downtown Westminster. “With the continued growth of companies along the Denver-Boulder corridor, downtown Westminster is located directly in the path of progress

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Avison Young to Hold Sixth Annual Global Day of Giving

Leave a Comment / Brokerage, Charity, Events /

Avison Young, the world’s fastest-growing commercial real estate services firm, will hold its sixth annual global Day of Giving this Thursday, October 24. Each Avison Young office is completing a community project on behalf of a local charity. The Denver-office will host its event at 8:50 a.m. to 4 p.m. at Habitat for Humanity, located at 2660 S. Decatur

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