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transactions

Transactions Report Week of 01.08.18

Allante Properties Sells Mixed-Use Property to California Investor for $24.5M Transwestern’s Denver office announced the sale of a mixed-use property totaling 54,557 square feet at 3372 W. 38th Avenue in Denver. Denver Regional Investment Properties LLC acquired the property for a total of $24.5 million. Transwestern’s Tom Wanberg, John Blackshire, Brad Cohen and Larry Thiel represented […]

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New Senior Housing Cooperative Coming to Loveland

LOVELAND, CO — Minnesota-based Real Estate Equities Development, LLC has announced plans for its newest Village Cooperative community, which will be the first owner-occupied senior housing cooperative in Loveland. Senior cooperative housing communities originally began in Minnesota in the 1970s and have had a successful track record with more than 120 communities, primarily in the Midwest. Real

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International Construction Consultancy Merges with Colorado Firm

DENVER — Cumming, a Los-Angeles international construction consultancy, has merged with local project management firm Project One Integrated Services LLC. — part of a larger effort to expand its regional footprint and grow its client base. Founded in 1999 by Mike Palumbo and Tristin Gleason, Project One provides project management and owner representation services that focus

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Movers and Shakers

Movers and Shakers Week of 01.08.18

Jeffrey Brown, FAIA Named CEO of Powers Brown Architecture Powers Brown Architecture announced the appointment of founding principal Jeffrey Brown, FAIA to the position of CEO. Brown will oversee the resources, development and management of the company’s international practice including establishment of future locations and growth in existing markets. These include the Denver and Washington, D.C. office locations

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Wind Engineering Firm Breezes into New Lease

FORT COLLINS, CO – CPP Wind Engineering, an international wind consultancy based in Fort Collins, recently signed a new lease at 7365 Greendale Road in Windsor. The new lease will combine CPP’s office and wind tunnel operations under one roof. Peter Kast, Annah Moore and Matt Patyk, with CBRE’s Northern Colorado office represented CPP in the lease. “Balancing incongruent

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Groundbreaking: North Building Renovation Project at the Denver Art Museum

DENVER – The Denver Art Museum (DAM) broke ground yesterday on a comprehensive renovation of its iconic North Building, the only completed structure in North America designed by renowned Italian architect Gio Ponti. The renovation is slated for completion timed to the building’s 50th anniversary in 2021. The design will unify the entirety of the DAM’s

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Avison Young’s 2018 CRE Forecast

DENVER — Rapid change is underway in the world’s commercial real estate industry, and the dynamics are in flux as the current investment cycle enters its latter stage. The industry continues to contend with differing property fundamentals across asset types, markets and regions, with occupier behavior, innovation and technology acting as key sources of change

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Denver Industrial Portfolio Sells for $51M

DENVER – The Denver Industrial Portfolio of 16600 Table Mountain, 6400 Broadway and Bryant Street Quad (2390 – 2500 West 4th Avenue) has sold to TH Real Estate, an affiliate of Nuveen (the investment arm of TIAA), for $51,000,000 — highlighting investors’ continued appetite for Industrial product. Totaling 485,984 square feet, the portfolio includes two infill properties with

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Groundbreaking: Pinkard Construction Underway on Vida for DHA

DENVER – Pinkard Construction Company has broken ground on Denver Housing Authority’s (DHA) new ground-up mixed-use senior housing development, located on West Colfax Avenue between Perry Street and North Quitman Street, near Sloans Lake. VIDA will include 176 units of senior housing, a health clinic, and an adult day center. VIDA replaces a used car lot, a small retail building,

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Apartment Community Achieves Second Highest Price Per Unit Ever Achieved in Greeley

GREELEY, CO — Franklin Flats, a 108-unit apartment community in Greeley, has sold for $15.4 million or $142,593 per unit. The price per unit is the second highest price ever achieved for a multifamily property in Greeley and is a record for properties built prior to 2001. Nick Steele and Jacob Steele, of Marcus & Millichap (NYSE: MMI), in

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