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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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Hunt Real Estate Capital Provides $5.86M to Refinance Fitz Apartments in Aurora

Leave a Comment / Investment, Multifamily /

Hunt Real Estate Capital has provided a Freddie Mac Small Balance Loan in the amount of $5.86 million to refinance Fitz Apartments, a multifamily property located in Aurora. The 46-unit multifamily property is located at 1747-1777 Peoria Street. The property was built in 1961 and consists of two four-story buildings containing 14 one-bedroom units and

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Snyder Environmental & Construction Joins EIS Holdings, LLC

Leave a Comment / abatement, Construction /

1 Priority Environmental Services and Earth Services & Abatement has announced the addition of Snyder Environmental & Construction to the newly formed EIS Holdings, LLC – Environmental Infrastructure Solutions. Snyder is the premier provider of environmental abatement and remediation services throughout the South-Central United States, particularly Arkansas, Oklahoma, and Tennessee. All management, operating personnel, and teams will remain in place

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