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Observatory Park Apartments Sell for $92.5M

Leave a Comment / Brokerage, Investment, Multifamily /

DENVER — Modera at Observatory Park Apartments, a 275-unit Class A newly constructed infill apartment community located at 1910 S Josephine St. near Denver University, has sold for $92.5 million. The Bascom Group, LLC (“Bascom”), a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related investments and operating companies, purchased […]

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RJ Schinner Expands into Denver’s Central 62 Distribution Center

Leave a Comment / Brokerage, Development, Industrial, Office /

DENVER – Redistribution company RJ Schinner has signed a 50,000-square-foot lease at the Central 62 distribution center located at 435-495 East 62nd Avenue in Denver. Developed by Denver-based Corum Real Estate Group and completed in 2017, Central 62 totals 124,024 square feet of Class A industrial space now fully leased to three tenants demonstrating strong demand for

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Chicago Investor to Open Denver Office

Leave a Comment / Investment, Multifamily, Office /

View here Chicago-based Golub & Co, leaders in real estate development and investment, recently announced that the company will open a Denver office that will focus on multifamily and office acquisitions in the west. The company was previously an owner in Snowmass Village and Fallingwater Condominiums in Denver and is also part of the joint venture that

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Groundbreaking: New Pikes Peak Summit Complex

Leave a Comment / Architecture, Construction, Design, Development, Events /

COLORADO SPRINGS – RTA Architects of Colorado Springs (Architect of Record) and GWWO, Inc./Architects of Baltimore (Design Architect) today held a groundbreaking for the new Pikes Peak Summit Complex (PPSC). The new facility will be constructed next to the current Summit House which will remain open to visitors through the end of construction in 2020. ”Our entire team embraced

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transactions

Transactions Report Week Ending 06.01.18

Leave a Comment / Transactions /

Pinnacle Announces Retail Sale in Arvada Pinnacle Real Estate Advisors, LLC announced the sale of 9000-9180 West 88th Avenue in Arvada for $6.515 million ($159.77 per square foot). The building contains 21 retail tenants. Advisor Peter Sengelmann represented the seller and Associate Advisor Eric Veith represented the buyer. “The sellers had recently achieved 100 percent occupancy across the

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Movers and Shakers

Movers and Shakers Week Ending 06.01.18

Leave a Comment / Movers and Shakers /

Warwick Olney Joins CBRE Denver CBRE announced that Warwick Olney has joined its Denver office as a first vice president with CBRE Capital Markets’ Debt and Structured Finance practice. Olney will spearhead the joint venture equity platform for CBRE in Colorado, serving client needs throughout the Western United States. “We strive to make real estate

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CRE Community Raises $25,000 for the Brain Injury Alliance of Colorado

Leave a Comment / Advisory, Events /

DENVER – Paul Herzog, managing principal of Cresa and Brain Injury Alliance of Colorado (BIAC) board member, recently hosted Cathleen’s Cause Golf Tournament benefiting the Brain Injury Alliance of Colorado. BIAC is a non-profit organization that provides guidance, resources, support, and education to survivors of traumatic brain injury (TBI), their families and providers. The funds raised

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Industrial Park to Bring Rail-Served New Construction to Denver

Leave a Comment / Development, Transit /

DENVER – A new 55-acre in-fill, rail-served industrial development is coming to the I-76 corridor in Commerce City. Mid-Rail Industrial Park as it will be called, will be the first new construction project to offer railway access to central Denver in recent memory. CBRE’s Jim Bolt, Mike Camp and Todd Witty are marketing the site on behalf of

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Groundbreaking: 288-unit Luxury Apartment Community in Colorado Springs

Leave a Comment / Architecture, Construction, Development, Multifamily /

DENVER – Etkin Johnson Real Estate Partners, the largest full-service, privately owned commercial real estate investment and development company based in Colorado, has broken ground on FalconView, a 288-unit apartment community located at the intersection of I-25 and InterQuest Parkway in Northern Colorado Springs. PNC Financial Services provided $46 million in construction financing. Total project cost is

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Multifamily Asset in Capitol Hill Achieves Record-Setting Price-Per-Unit

Leave a Comment / Brokerage, Multifamily /

DENVER — Jux, a 30-unit multifamily asset in the heart of the Capitol Hill neighborhood has sold for $12 million. The $400,000 price-per-unit is the highest ever paid for a boutique apartment building in central Denver. ARA, A Newmark Company (ARA Newmark) Director Robert Bratley and Associate Director Marcus Griffin represented Endurance Real Estate Partners, a Denver-based real estate

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