BrokerageMultifamily

Patriot Park Apartments in Colorado Springs Receive $33M Construction Financing

COLORADO SPRINGS — Developer Goodwin Knight has received construction financing in the amount of $33.3 million, for Patriot Park Apartments, a 258-unit market rate multifamily project located on 8.8 acres just north of Platte Avenue and west of Powers Boulevard in Colorado Springs. Patriot Park Apartments will contain 258-luxury apartments across five buildings, …

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BrokerageOffice

Colorado Springs Office Building Occupied by Booz Allen Hamilton Sells for $9.15M

COLORADO SPRINGS – A Class A two-story 51,770-square-foot office building located at 745 Space Center Drive, currently occupied by Booz Allen Hamilton Inc., an American management and information technology consulting firm, was sold on April 12 for $9,150,000, or $177 per square foot, to a private individual. Aaron D. Johnson and Jon …

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BrokerageRetail

Newly Renovated Shopping Center in Colorado Springs Sells for $2.085M

COLORADO SPRINGS — 3730-3770 Astrozon Boulevard, a 18,410-square-foot newly renovated neighborhood shopping center in Colorado Springs, has sold for $2,085,000 at an 8.22 percent cap rate. The seller, a private investor in this transaction, was represented by Cory Gross, vice president Investments, and Jake Shirek, associate located in Marcus & Millichap’s …

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BrokerageMultifamily

Central Denver Portfolio Sells for $21.85M

DENVER — A 64-unit multifamily portfolio in Denver’s Capitol Hill and City Park West neighborhoods, has sold for $21.85 million. Senior Directors John Laratta and Nick Steele and Associate Director Tyler L. King of the Berkadia Denver office, along with Senior Managing Director Kenny Dudunakis and Senior Directors Ben Johnson and David Sorensen …

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BrokerageEngineeringOffice

Two Suites in Downtown Fort Collins Sell for $1.05M

FORT COLLINS – Cushman & Wakefield recently announced the investment sale of Suites 206 and 208 within Opera Galleria, an 83,869-square-foot historic building located at 123 North College Avenue in Fort Collins. Recently renovated last year, Suites 206 and 208, are comprised of 4,523 total square-feet and sold to a local investor …

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BrokerageDevelopmentMultifamilyOfficeRetail

64-acre Mixed-use Development Opportunity in Colorado Springs

COLORADO SPRINGS —  CBRE is marketing a 64.22-acre mixed-use development opportunity adjacent to Peterson Air Force Base on behalf of Powers and Airport LLC, a partnership between Signature Realty Capital Corp., a California-based real estate development and investment firm and Stillwater Equity Partners LLC, a Utah-based real estate development and asset …

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BrokerageMultifamily

The Grammercy Apartment Homes in SE Denver Sell for $25M

DENVER – BH Acquisitions LLC has acquired The Grammercy Apartment Homes located at 9600 East Girard Avenue in southeast Denver for $25.8 million. David Potarf, Dan Woodward, Matthew Barnett and Jake Young of CBRE represented the seller, FPA The Glen, LLC, of San Francisco, an affiliate of FPA Multifamily LLC. The Carmel, IN-based …

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BrokerageDevelopmentReports

Denver Among Top 10 U.S. Markets for 2018 Data Center Leasing Activity

DENVER – The Mile High City saw the ninth-most data center leasing activity in the U.S. in 2018, according to CBRE’s latest U.S. Data Center Trends Report. Denver saw 4.7 megawatts (MW) of net absorption in 2018, down just 0.3 MW from 2017. Despite 4.0 MW of new capacity added in 2018, the …

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BrokerageOffice

CBRE Opens New Office in Fort Collins

CBRE has moved into a new Northern Colorado office in Fort Collins, at 3003 East Harmony Road, Suite 300, replacing two former Fort Collins locations and bringing employees from different CBRE service lines together. The new office’s design and technology supports workplace experience and seamlessly connects employees. CBRE’s previous Northern Colorado locations included one …

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BrokerageInvestment

JLL Acquires HFF for $2B

Commercial real estate brokerage firm JLL announced today it will acquire HFF in a cash and stock transaction for approximately $2 billion. Since 1998, HFF has closed more than $800 billion in over 27,000 transactions, achieving record revenue in 2018 of more than $650 million. Mark Gibson, CEO of HFF, will join JLL as …

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