View here Starbucks Corp. has announced plans to close its 376 Teavana stores — four in Colorado — stating that they have been “persistently underperforming.” Teavana — which sells loose-leaf tea and tea-related merchandise — has sores at the Cherry Creek, FlatIron Crossing and Park Meadows malls. According to Forbes, the decision to close is almost immaterial […]
Starbucks Plans to Close Teavana Stores, 4 in Colorado Read More »
Colorado Springs, CO – A 192-Unit apartment community in Colorado Springs recently sold for $16,460,000 ($85,729/unit and $106/sf), a price that’s reflective of current market conditions in Colorado Springs. Crest View Apartments located at 370 Crestone Lane, was built in 1975. The buyer reportedly has plans to carry out extensive renovations and a rebranding for
192-Unit Apartment Community in Colorado Springs Sells for $16.4M Read More »
Loveland, CO– CBRE recently completed the $2 million sale of a 6.44-acre industrial campus located at 729 8th Street Southeast in Loveland, Colorado. The property was previously occupied by U.S. Engineering, which recently relocated its operations to Johnstown, Colorado. Mike Eyer, Julius Tabert, Jon Rue and Kit Brown of CBRE’s Fort Collins office represented the buyer, Berthoud International, LLC of Berthoud,
Former Home to U.S. Engineering Sells for $2M Read More »
View here Inocucor Corporation of Montreal, a Canadian biotech company that specializes in natural agricultural fertilizers, is opening a 30,000-square-foot headquarters at 7304 South Joliet St. in Centennial. The company plans to add another 50 high-level scientific and managerial staff in both its Montreal and Denver operations over the next 18 months.
Canadian Biotech Company Opening HQ in Denver Read More »
View here With eight major developments currently underway in Cherry Creek North, the premier shopping district is set to become even more exclusive. It will also boast Denver’s highest rents for retail, office and luxury living. But the construction, looming cranes, and blocked-off roads and parking meters has many people feeling less than thrilled.
Cherry Creek North Under Construction Read More »
DENVER – Steadfast Apartment REIT III, Inc. (STAR III) has acquired its sixth apartment home community, Belmar Villas. The 318-unit garden style apartment community, located in the Denver suburb of Lakewood, was purchased for $63.3 million. “We believe the Denver area is a great match for the investment objectives of Steadfast Apartment REIT III, which targets mid-tier
Lakewood Apartments Sell for $63M Read More »
DENVER – The Downtown Denver Partnership (Partnership) announced today the beginning of the next phase of planning for the 5280 Loop, an initiative that will create a world-class urban trail and transform how the public right-of-way is used in Downtown Denver. The Partnership’s vision for the 5280 Loop to “link neighborhoods and connect people” supports
Downtown Denver Partnership Plans to Engage Community with New Urban Trail Read More »
Rare 1970’s-Built Apartment Community in Lowry has Sold CBRE announced this week that the Fairways at Lowry, constructed in 1973, sold for $47.5 million, including the assumption of existing debt in the amount of $26,100,000.The 450-unit community is located at 9913 East 1st Avenue in Aurora, Colorado, adjacent to the Common Ground Golf Course. Dave
Transactions Report Week of 07/24/17 Read More »
View here As big brick-and-mortar stores struggle to keep up with e-commerce, the showroom retail model is becoming more widespread, especially in Cherry Creek North, where the new showrooms model — which are smaller than typical retail stores — lets customers see and touch the merchandise that they’ve already discovered online.
Cherry Creek North’s Showroom Retail Experience Read More »
DENVER – CBRE recently completed the sale and leaseback of a two-property industrial portfolio located at 5575 Logan Court in North Denver. The 86,000-square-foot portfolio is fully leased to Custom Made Meals, a Denver-based manufacturer of oven-ready entrees and appetizers. Andrew Sandquist, JC Asensio and Briggs Goldberg of CBRE Corporate Capital Markets represented the seller. The buyer, a New York-based
CBRE Completes Sale and Leaseback of Two-Property Industrial Portfolio in North Denver Read More »
