Office Evolution Signs Full-Floor Lease at The Amp Building
Colorado-based flexible workspace provider Office Evolution is relocating in downtown Denver to a full floor at 1580 N. Logan St., in a lease arranged by CBRE. Office Evolution will move from its current location at 1624 Market St. in lower downtown Denver, where it has operated for the last 16 years. …
Altus Properties Acquires 2nd & Josephine Portfolio in Cherry Creek
Altus Properties, a real estate investment firm with over 4.3 million square feet of office, industrial, retail and multifamily properties, has acquired the 2nd & Josephine portfolio, a four-building, 105,253-square-foot mixed-use property in Cherry Creek North, from Unico Properties. Altus paid $54 million for the portfolio, according to Essex Financial Group. Essex worked on …
Aerospace Company Signs Lease for New Corporate HQ in Littleton
Canopy Aerospace a company that produces Thermal Protection Systems for spacecraft, has signed a 19,000-square-foot lease at 18,681 at 8101 Midway Drive, in Littleton. The Midway building will serve as Canopy’s new corporate headquarters. “This building, with the modern office buildout, excellent loading, and warehouse space checked all the boxes …
Two Newly-Renovated Multifamily Properties in Colorado Springs Sell for $74.1M
Two newly-renovated multifamily communities, Park at Penrose and Park at Palmer, in Colorado Springs, have sold for a combined $74.1 million. Park at Penrose with 374 units, and Park at Palmer with 112 units, are located at 3802 and 3903 Half Turn Road, situated along N. Academy Boulevard near Austin …
Atwell Suites Denver Airport Sells for $18.8M
JC Hospitality LLC, a California investment group, has acquired the Atwell Suites located between 64th and 65th Avenue, just west of Tower Road in Denver. The all-suites contemporary concept hotel was constructed in 2022 and has 96 units. The property was sold on March 14 for $18.8 million, which equates to $195,833 per unit. …
Cushman & Wakefield Awarded Office Leasing Assignment for Cherry Creek West
Denver-based real estate and community developer East West Partners announced today that it has selected Cushman & Wakefield as the office leasing broker for Cherry Creek West, the mixed-use redevelopment on the 13 acres of land adjacent to Cherry Creek Shopping Center. The Cushman & Wakefield team of Nicholas Pavlakovich, Matthew Gautreau and Michael …
DMCAR Pays Tribute to CRE “Heavy Hitters” Including Broker of the Year
On March 16, DMCAR honored its top commercial real estate producers of 2022 at the association’s annual Heavy Hitters Awards. In addition, the association honored its Broker of the Year and introduced the inaugural winner of its DMCAR Project of the Year award, as well as office, retail and industrial deals of …
Embrey to Build 283-Unit Apartment Community on Leetsdale Drive
San Antonio-based Embrey, a diversified real estate investment company, has purchased 5231 Leetsdale, a 219,562-square-foot (5.04 ac) land property in Denver. A sale price was not disclosed. The site is home to a small retail strip building and a hardwood flooring company. Embrey plans to demolish the buildings and build a …
Land and Power Availability Drawing Data Center Developers to Aurora and Colorado Springs
According to a new report from CBRE, data center developers are targeting Aurora and Colorado Springs in their search for land, based on power availability and proximity to enterprise clients, aerospace and defense contractors, and military installations, Denver is one of the data center markets profiled in CBRE’s biannual report. …
State-of-the-Art Last-Mile Industrial Facility Breaks Ground in Centennial
CenterSquare Investment Management and Quannah Partners broke ground last week on The Point at Denver South, a two-building, 195,000-square-foot last-mile logistics industrial development at Chambers Rd. & Otero Ave., Centennial. Site work construction began in January 2023, with an anticipated project delivery by January 2024. The investment will comprise two buildings: Building …