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58-Unit Multifamily Complex in Carbondale Sells for $9.15M

Leave a Comment / Brokerage, Multifamily /

Garfield Avenue Apartments, a three-story, 58-unit complex located at 900 Garfield Avenue in Carbondale, Colorado, has sold for $9,150,000 or $157,758 per unit. Tyler Stevens, director, and Steve Scrivener, senior associate, of Cushman & Wakefield Denver, represented the seller, MHP Funds, in the transaction. The buyer was Steve Elken of Elkco Properties, Inc. “The property

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Mixed-Use Development Gaining Momentum in Wheat Ridge

Leave a Comment / Construction, Development, Multifamily /

Development plans are well underway at Clear Creek Crossing, a 110-acre, mixed-use development southwest of Interstate 70 and Highway 58 in Wheat Ridge, Colorado, owned by Evergreen Devco, Inc. , a leading national retail and multifamily development company.  To date, Kum & Go and Evergreen Multifamily have submitted Specific Development Plan applications with the City

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Portfolio of Colorado Apartment Communities Sells for a Record-Breaking $206M

Leave a Comment / Brokerage, Multifamily /

LOVELAND — Three upscale multifamily properties located in Northern Colorado have sold for a gross sale price of $206.5 million. The portfolio consists of the Greens at Van de Water and Lake Vista at Centerra Apartments, both in Loveland, and Arbour Square at Orchard Town Center in Westminster. Inland Private Capital, through its subsidiary which

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Haselden Construction Breaks Ground on New Front Range Community College Health Care Careers Center

Leave a Comment / Construction, Development, Education, Healthcare /

FORT COLLINS – Haselden Construction recently broke ground on the new Health Care Careers Center (HCCC) on Front Range Community College’s Larimer Campus. The 61,292-square-foot building will be the main facility and training center for more than 900 students studying health-related fields and is scheduled to open for the fall 2020 semester. The HCCC will be an integral

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Sought-After Industrial Center in Aurora Sells

Leave a Comment / Brokerage, Industrial /

AURORA – EastGroup Properties, a Mississippi-based real estate investment trust company, has acquired buildings 2, 4, 5 and 6 at the Airways Business Center, a Class A warehouse distribution center in Aurora. Together, the buildings offer 382,137 square feet of space and are currently 100 percent occupied by a mix of 11 tenants. The sale price was not

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HFF Arranges $220M Financing for 1144 15th Street

Leave a Comment / Brokerage, Office /

DENVER – Holliday Fenoglio Fowler, L.P. (HFF) recently announced that it has arranged $220 million in financing for 1144 15th  Street, a 673,852-square-foot, trophy Class AA office building in downtown Denver. The HFF team worked on behalf of the borrower, Hines and their equity partner, to secure a 17-year, fixed-rate permanent loan through a national life

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Greeley Retail Center Changes Hands

Leave a Comment / Brokerage, Investment, Retail /

GREELEY — The 4,373-square-foot Pacific Dental & Topper’s Pizza Strip Center located at 4421 Centerplace Dr. in Greeley, has sold for $2,125,000 ($485 per square foot). Peter Peluso and Chris Wiedenmayer of Legend Investment Group (LIG), a division of Legend Partners, facilitated the sale of the 2-tenant retail strip center that was built in 2016. Peter Peluso &

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Mixed-Use Facility for SCL/Saint Joseph Breaks Ground

Leave a Comment / Construction, Healthcare, Office /

DENVER – Residents of the Denver area will soon have access to more healthcare services, as well as new retail and restaurant options, thanks to the start of construction on the new 100,000-square-foot, mixed-use Saint Joseph Medical Office Pavilion on the Uptown Denver campus of Saint Joseph Hospital. Dallas-based real estate development firm Fidelis Healthcare

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Denver Value-Add Office Property Sells for $5.8M

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DENVER– Monaco Tower, a Class B value-add office building in the Glendale submarket of Denver, has sold for $5.8 million. Monica Wiley and Jeff Wood of CBRE’s Denver office represented the seller of the property, an entity managed by Stabilis Capital Management LP, in the transaction. Benjamin Borgers, a local CPA, purchased the property. “Monaco Tower has seen

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50Fifty DTC Redefines Commercial Architecture in DTC

Leave a Comment / Architecture, Design, Development, Office /

DENVER — 50Fifty DTC, a 185,000-square-foot, 12-story office tower in the Denver Tech Center, celebrated its grand opening this past Friday. The innovative new office building has launched a new era of office design in south Denver. Developed by Corum Real Estate Group in partnership with Clutch Design Studio, the building is shifting the landscape of the city’s office

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