Historic Mansion in Capitol Hill Hits the Market
The Crawford Hill Mansion, a historic office property in Denver’s Capitol Hill is for sale. Monica Wiley and Jeff Wood with CBRE Capital Markets in Denver are representing the property owner, HRC II LLP. The list price is $7.25 million. Located at 150 East 10th Avenue and 933 Sherman Street, at the intersection …
West Colfax Apartment Community Sells for $145M
Luxe at Mile High, a newly-constructed, 382-unit multifamily community located at 3200 West Colfax Avenue in Denver, has sold for $145 million or $379,581 per unit. Newmark Knight Frank (NKF) Vice Chairmen Terrance Hunt and Shane Ozment handled the transaction between the seller, San Antonio-based Embrey, and the buyer, OZH Holding …
Site within a Denver Opportunity Zone Sells to Affordable Housing Developer
Denver-based non-profit Brothers Redevelopment Inc. has purchased a 0.25 acre parcel of land at 4401 Josephine St, located in Denver’s Elyria-Swansea neighborhood, for $720,000. Brothers plans to develop affordable housing in the rapidly redeveloping neighborhood. 4401 Josephine St is a parcel of land zoned U-RH-3A within an opportunity zone. The property is …
Office Campus in Colorado Springs Sells for $6.6M
Woodmen Office Campus II, a 77,608-square-foot office building located at 7450 Campus Drive in Colorado Springs, has sold for $6,615,000. James Brady, Campbell Davis and Patrick Devereaux with CBRE’s Denver office, along with Nicola Myers-Murty of CBRE’s Colorado Springs office, represented the seller, an institutional investor out of Dallas, Texas. The American Way …
NKF Closes Fifth-Largest Multifamily Portfolio Sale in U.S. History
Aragon Holdings, LLC’s national portfolio of apartment properties has sold to Harbor Group International (HGI), a global real estate investment and management firm, for $1.85 billion. The transaction is the largest multifamily sale since 2016 and the fifth largest ever recorded in the U.S. Newmark Knight Frank (NKF) represented Aragon …
Gelt, Inc. Expands Denver Presence with $145.5M Acquisition
Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear Creek. Located at 2605 S. Miller Drive in the Bear Creek area of Lakewood, the asset includes 472 units. Gelt now owns …
Denver Metro Office, Retail and Industrial Sectors Close Out 2019 Strong
CBRE has released its Q4 2019 MarketView reports analyzing year-end performance for metro Denver’s office, industrial and retail sectors. “Metro Denver closed out 2019 strong, and we are now focused on some headwinds and tailwinds moving into 2020,” said Pete Schippits, senior managing director of CBRE’s Mountain States. “Looming questions remain around …
Orangetheory Fitness to Open Sloans Lake Location
The super-successful franchise Orangetheory Fitness has signed a 3,500-square-foot lease at Edgewater Marketplace, on Sheridan Boulevard and West 17th Avenue across from Sloan’s Lake Park. This shopping center is anchored by strong national tenants like King Soopers and Target to serve the Sloan district. As one of the world’s fastest-growing franchise …
Clarion Partners Acquires Boulder Office Portfolio
A three-building downtown Boulder office portfolio sold last month for $146.3 million, according to property records. Clarion Partners, a real estate investment management firm headquartered in Los Angeles, purchased the 235,316-square-foot portfolio in a sale that closed Dec. 23, 2019. Tim Richey, Mike Winn, Jenny Knowlton, Charley Will and Chad Flynn with CBRE …
Aurora Apartments Sell for $143M
Oak Coast Properties has acquired The Courtyards at Buckley, a large apartment community in Aurora, for $143 million. The acquisition marks Oak Coast Properties’ twelfth multifamily acquisition in metro Denver, signaling the firm’s continued bullish stance on commercial real estate investment in the burgeoning market. Oak Coast Properties also announced plans …