BrokerageDevelopmentHospitality

New Hotel to be Built at 59-Acre Development in Southeast Colorado Springs

Utah-based hospitality firm Western States Lodging and Nuterra Partners are under contract to construct a Candlewood Suites at Colorado Springs’ newest 58.71-acre mixed-use development, Westgate at Powers. CBRE is marketing the planned, mixed-use project for additional sale, lease or build-to-suit development. The property is located at the west gate entrance to Peterson Air Force Base …

READ MORE →
BrokerageIndustrial

Industrial Property in Littleton Sells for $1.6M

A 7,500-square-foot industrial property in Littleton has sold for $1,640,000. Jason Mayer and Jeff Brandon of NavPoint Real Estate Group represented the buyer, Kudu Roofing. The company will be relocating from 2709 W Belleview Ave b, Littleton, near Santa Fe and Belleview. The property, located at 9822 Titan Park Circle — off Highway 85 …

READ MORE →
BrokerageMultifamily

Small Multifamily Property in Platt Park Sells to Out-of-State Investor

A four-unit, 3,082-square-foot multifamily property, on a 9,040-square-foot lot in Platt Park, has sold for $990,000. Robert Bratley with CBRE Capital Markets in Denver represented the seller, a local private investor. An out-of-state investor purchased the property in an all-cash transaction with no contingencies that closed in 14 days. “This property attracted apartment …

READ MORE →
BrokerageDesignDevelopmentEducationRenovation

Historic Evans School to be Redeveloped

NAI Shames Makovsky announced this week the two-part sale of the long-dormant Evans School located at 1115 Acoma Street, Denver, consisting of a three-story, 46,467-square-foot historic school building and a 30,000-square-foot parking lot. Lennar Multifamily Communities, LLC  purchased the school and the parking lot for $18 million. Following that sale, …

READ MORE →
BrokerageMultifamilyRenovation

Rare ’90s Apartment Community in Colorado Springs Changes Hands

A 292-unit, 268,396-square-foot apartment community, called Advenir at Spring Canyon, located at 4510 Spring Canyon Heights in Colorado Springs, has sold for an undisclosed price. The buyer, who also was not named, anticipates a community rename along with upcoming renovations. Newmark Knight Frank (NKF) Executive Managing Director Kevin McKenna and Director …

READ MORE →
BrokerageMultifamily

CBRE Global Investor Acquires Westminster Apartment Community

A fund sponsored by CBRE Global Investors has acquired The Tenzing, a 320-unit multifamily property situated 25 minutes north of downtown Denver in Westminster. The acquisition of the property, which is located at 11674 North Pecos St., is aligned with the fund’s strategy of investing in target multifamily markets across …

READ MORE →
BrokerageIndustrial

Multi-tenant Industrial Asset in Aurora Sells for $9.9M

Moncrieff Business Center, a 101,406-square-foot industrial building located at 14603 East Moncrieff Place in Aurora, has sold for $9.9 million. The business center is fully occupied by PEPMOVE Precision Equipment Placement and GE Johnson Construction Co. Tyler Carner, Jeremy Ballenger, Jim Bolt and Jessica Ostermick with CBRE’s Denver office represented the seller, Berkeley Partners …

READ MORE →
BrokerageOffice

Rare, Small Office Building Sells in Centennial

NavPoint Real Estate Group has completed the sale of Southgate Commons Building A, a rare, small office building located at 7076 S Alton Way. Situated between Arapahoe Road and Dry Creek Road the building has easy access to I-25 and close proximity to a myriad of restaurants and retail businesses. Matt Kulbe of NavPoint …

READ MORE →
BrokerageOffice

Office Property Near Fiddlers Green Amphitheater Trades for $64.85M

Tuscany Village Center, a 257,875-square-foot office property in Greenwood Village, has sold for $64.85 million. JLL marketed the property on behalf of the seller, Crescent Real Estate, and procured the buyer, who was not disclosed at the time of publication. In addition, JLL worked on the new owner’s behalf to place a …

READ MORE →
BrokerageMultifamilyRenovation

13-Unit Apartment Building in Cheesman Park Sells for $4M

Worwick, a 13-unit apartment property located at 1158 Marion St. in Denver’s Cheesman Park neighborhood, has sold for $4 million. Greg Parker and Greg Price, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. …

READ MORE →