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City Council Approves Proposal for Central Platte Valley Affordable Housing Plan

Leave a Comment / Affordable Housing, Development /

DENVER – A proposal to require affordable housing plans for large projects utilizing height incentives in the Central Platte Valley-Auraria District has been approved by Denver City Council. “Affordable housing remains a primary challenge for many of our residents,” Mayor Michael B. Hancock said. “We’ve made great progress the last few years and these large […]

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Castle Rock Apartments Sell for $16.5M

Leave a Comment / Multifamily /

CASTLE ROCK — On December 28, Seattle-based Security Properties, a national real estate investment, development, and operating company, purchased Highlands at Red Hawk, a 56-unit, Class-A, garden-style apartment community located in Castle Rock for $16.5 million. Security Properties now owns 12 assets in Colorado totaling 2,393 units. Highlands at Red Hawk is a Class-A, garden-style apartment

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CBRE Arranges $83.2M Loan, Arvada Newly Built 352-Unit MultiFamily Development

Leave a Comment / Brokerage, Finance, Multifamily /

DENVER — CBRE Capital Markets’ Debt & Structured Finance team has arranged an $83.2 million loan for the newly developed Solana Olde Town Station, a 352-unit multifamily property near Denver. Bill Chiles, Scott Peterson, Morgon Fraser and Brian Cruz of CBRE’s San Diego office secured the Freddie Mac debt on behalf of ReyLenn Properties LLC, replacing

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Monfort Companies and Summit CVG Acquire Lodo’s Bar and Grill

Leave a Comment / Affordable Housing, Condominium, Development /

DENVER – MCSV Holdings I, LLC, a joint venture between Kenneth Monfort of Monfort Companies and Jason Marcotte and Matt Runyon of Summit Capital Venture Group dedicated to the intentional revitalization of downtown Denver, has acquired the Lodo’s Bar and Grill portfolio, including all business operations and real estate. The 4.4-acre portfolio consists of three restaurant locations: 1946 Market St. (Downtown

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transactions

Transactions Report Week Ending 12.21.18

Leave a Comment / Transactions /

HFF Announces $30.777M in Financing for Two Denver-area Multi-housing Communities Holliday Fenoglio Fowler, L.P. (HFF) announces $30.777 million in financing in two separate transactions for two Denver multi-housing communities; Estrella Apartments and The Avalon. The HFF team worked on behalf of the borrower, Mountain View Capital, LLC, to secure the seven-year, floating-rate loans through Freddie

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Movers and Shakers

Movers and Shakers Week Ending 12.21.18

Leave a Comment / Movers and Shakers /

RTA Architects Welcomes Seven New Team Members RTA Architects has welcomed seven new staff members to their architectural and marketing teams over the last few months. The new Architectural team members are Architects Ben Foster, Christine Costa, and Jon Houck, and Emerging Professionals Erika Everett, Mitchell Starrs, and Jordan Johnston. Architect Ben Foster, AIA is

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1601 Wewatta in Downtown Denver Sells for $222M

Leave a Comment / Brokerage, Office /

DENVER — 1601 Wewatta., a 300,000-square-foot office building in Denver’s Union Station neighborhood has sold for $222 million, according to Denver County public records. The sale is the third highest in the Denver metro for 2018, behind 1801 California St.’s partial sale for $285 million and 1670 Broadway’s sale for $238 million. Mike Winn, Tim Richey,

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ULC Acquires Land for Affordable For-Sale Condo Development

Leave a Comment / Affordable Housing, Condominium, Development /

DENVER – In partnership with Shanahan Development LLC and Elevation Community Land Trust (ECLT), Urban Land Conservancy (ULC) purchased an 18,000-square-foot site located at 801 W. 6th Avenue in Denver’s Santa Fe Arts District for the development of affordable for-sale homes. The $1.8 million acquisition will support a mixed-use development, with commercial space and 92 for-sale

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Cadence Capital Partners and MRXE Capital Markets Complete Merger

Leave a Comment / Development, Investment /

DENVER – Commercial real estate veterans Michael Bennett and Jay Soave have merged their firms, creating a team with 40 years of combined experience in originating and executing real estate capital markets transactions to form Cadence Capital Partners. The newly merged company – which brought together Mr. Bennett’s MRXE Capital Markets and Cadence Capital Partners, led by

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New 380K SF Facility to be Built at Denver’s “Aerotropolis”

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

DENVER — A new 380,000-square-foot build-to-suit manufacturing/office facility will be built at Porteos, a commercial mixed-use development that is part of Denver’s expanding “Aerotropolis” development. The site will be home to Kärcher North America’s new North American headquarters with 280,000 square feet of manufacturing facility and 100,000 square feet in office space. JLL represented both the seller and

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