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192-Unit Apartment Community in Colorado Springs Sells for $16.4M

Leave a Comment / Brokerage, Multifamily /

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

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Former Home to U.S. Engineering Sells for $2M

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

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,

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Canadian Biotech Company Opening HQ in Denver

Leave a Comment / Industrial, Office /

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.

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Cherry Creek North Under Construction

Leave a Comment / Construction, Development, Hospitality, Multifamily, Office, Retail /

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.

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Belmar Villas, Lakewood,

Lakewood Apartments Sell for $63M

Leave a Comment / Brokerage, Multifamily /

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

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Downtown Denver Partnership Plans to Engage Community with New Urban Trail

Leave a Comment / Design, Events /

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

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CBRE Completes Sale and Leaseback of Two-Property Industrial Portfolio in North Denver

Leave a Comment / Brokerage, Industrial /

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

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Homeless Advocates File Injunction Over the Auction of a 59-Acre Parcel in Lakewood

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View here On Tuesday, the Colorado Coalition for the Homeless filed an injunction against the U.S. General Services Administration and the U.S. Department of Housing and Urban Development over the auction of a 59-acre parcel of land in Lakewood, located near West Sixth Avenue between Kipling Street and Union Boulevard which is zoned for transit-oriented mixed-use.

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