Multifamily Portfolio Near Swedish Medical Center Sells for $15.35M
Berkadia — a joint venture of Berkshire Hathaway and Jefferies Financial Group — has announced the off-market sale of the Swedish Portfolio, a three-property, 79-unit multifamily portfolio in Englewood, for $15.25 million. The sales price reflects a per-unit price of $193,038. Senior Directors John Laratta and Nick Steele, Director Tyler King, and Associate Director Nate …
BMC Investments Sells Moxy Cherry Creek for $51.3M
BMC Investments, a leading Denver-based fully integrated and experienced developer, has sold its 170-room Moxy Denver Cherry Creek to RLJ Lodging Trust for $51.3 million, or approximately $301,000 per key. “We are pleased to acquire the recently built Moxy Cherry Creek Hotel, located within the heart of the exclusive Cherry …
20-Building Portfolio in Fort Collins Trades for $53.5M
Prospect Innovation Campus, a 20-building portfolio of R&D, office and industrial properties in Fort Collins, has sold for $53.5 million to Ogilvie Properties. The Campus is located on 30 acres at the southeast corner of E Prospect Rd and S Timberline Rd., two miles from Colorado State University, three miles …
Cold Storage Developer Expands in Denver with $19M Acquisition
A single-story cold storage and food distribution facility located at 4475 East 50th Ave in Denver, has sold for $19,093,400 to Karis Cold, a private equity-backed, specialized cold storage developer and investor. Since the onset of COVID, the demand for food-related industrial properties has peaked and continues to be highly …
Iconic Boutique Resort Property in Estes Park Acquired by Owner of Stanley Hotel
Grand Heritage Holdings owner of the Stanley Hotel in Estes Park, has acquired Fall River Village Resort, an iconic 89-unit boutique mountain resort and SkyView wedding venue located at 200 Filbey Court in Estes Park. The new ownership plans to rename the property Fall River Village by The Stanley. Avison …
Newly Constructed Industrial Building in Aurora Sells for $33M
San Diego-based Westcore, a leading West Coast industrial real estate acquisition, development and asset management firm, has purchased a brand new 142,760-square-foot Class A industrial building in Aurora for $33 million. Known as Park 225, the newly constructed, state-of-the-art multi-tenant building was sold and developed by a joint venture between Karis …
Mixed-Use Project Planned for 9.12-acre site in Pueblo
According to Avison Young, Conifer-based buyer, BEP Pueblo LLC, a Colorado limited liability company affiliated with Blueline Equity Partners, has purchased 9.12 acres of vacant land strategically located at the southwest quadrant of US Highway 50 and Interstate 25 in Pueblo. The developer seeks to develop a mixed-use project that includes …
Historic Denver Office Asset Trades for Third Time in Seven Years
The Wheeler Block Building, a designated historic landmark in Denver, has sold to AP Wheeler Block, LLC for $13.5 million. The 33,125-square-foot multi-tenant boutique office building in Denver’s LoHi neighborhood was approximately 98 percent leased at the time of sale. The seller was Wheeler Block Investments, LLC, represented in the …
Two Apartment Communities Sell at 9+CO Development
Chicago-based Equity Residential, a publicly-traded real estate investment trust that invests in apartments, has purchased two apartment communities on Colorado Boulevard for a combined $311 million. Milo and Theo total 594 units at CIM Group and Continuum Partners‘ 9+CO development in Denver. 9+CO is a mixed-use redevelopment of the 26-acre former …
Newly Redeveloped Clayton Members Club & Hotel Refinanced
BMC Investments has closed on a $37 million loan from private investment firm Rockbridge, for the refinancing of the newly redeveloped Clayton Members Club & Hotel, a 63-key boutique hotel with seven bars and restaurants, meeting space, and a members’ club located in the heart of Cherry Creek North. Clayton Members Club …