Northern Colorado’s Retail Development on the Rise
FORT COLLINS — Rising lease rates was a common theme across all of Northern Colorado’s commercial real estate sectors, according to CBRE’s newly released first half of 2018 MarketView reports. But while construction is limited in office and industrial, new retail development is actually on the rise, reaching nearly 675,000 square feet underway …
Mixed-use Development in Downtown Denver Receives $110M Financing
DENVER – Continuum Partners, LLC, a progressive Denver-based development firm specializing in building urban mixed-use developments has secured $110 million financing for A Block, a 310,055-square-foot mixed-use development comprising the 200-key Kimpton Hotel Born; a 54,976-square-foot, Class A office building with ground-level retail space; and a 197-space parking garage in downtown …
Colorado’s Largest Industrial Building Sells for $40.75M
DENVER – Colorado’s largest industrial building located at 18875 East Bromley Lane in Brighton, sold on Oct. 2. for $40,750,000. Drew McManus, managing director of Cushman & Wakefield’s Denver office represented the seller, Brighton Lease Management, LLC along with Matt Trone and R.C. Myles both of Cushman & Wakefield. Newport …
Colorado’s Largest Hotel Acquired by New Ownership Group
DENVER – Sheraton Denver Downtown Hotel, the largest hotel in Colorado is under new ownership. A joint venture between High Street Real Estate Partners (Atlanta, Ga.) and Eagle Four Partners (Newport Beach, Calif) closed on September 28 for an undisclosed price. The new ownership group is developing a major renovation plan for the …
Glendale Apartment Community Sells for $93M
DENVER – Esprit at Cherry Creek, a multifamily community located at 5001 East Mississippi Avenue in Denver’s Glendale/Cherry Creek neighborhood has sold for $93 million. Espirit was built in 1974 and consists of 561 one and two-bedroom unit apartments across nine rental buildings. Dan Woodward, David Potarf and Matthew Barnett with CBRE represented …
The Sebastian Vail Receives Financing for Additional Improvements
DENVER – Holliday Fenoglio Fowler, L.P. (HFF) has arranged $13.5 million in financing for The Sebastian Vail, a full-service boutique hotel and private residence club located within Vail Village, to be used for additional capital improvements to the property. Completed in 2007, The Sebastian Vail, underwent an extensive $1.2 million property …
Sale of Industrial Property in Broomfield Presents Rare Opportunity for New Tenants
BROOMFIELD – A 121,133-square-foot industrial property located at 224 and 226 Commerce Street in Broomfield has sold for an undisclosed price, according to CBRE. Jeremy Ballenger, Tyler Carner, Jeremy Kroner and Jim Bolt with CBRE represented the seller, Flagstaff Holdings – 224, LLC of Boulder. San Francisco-based Stockbridge purchased the site. CBRE will market …
Townhome/Apartment Complex in Henderson Sells for $34M
HENDERSON — The 167-unit Belle Creek Commons townhome/apartment complex in Henderson has sold for $34.17 million. Granite Capital Group (GCG), a Santa Barbara, Calif. real estate investment firm with multiple Colorado real estate holdings, purchased the property. Located in the Belle Creek 171-acre master-planned community, the 10-building complex was built …
Environs Residential Rental Community in Westminster Sells for $82M
DENVER – Environs residential rental community located at 3323 West 96th Circle in Westminster, has sold for $82 million. Dan Woodward, David Potarf and Matthew Barnett with CBRE represented the seller, Seagate Associates, LLC, of San Rafael, California. The buyer, San Francisco’s Hamilton Zanze, purchased the property in a sale that closed …
CirclePoint Corporate Center in Westminster Sells for $59.75M
DENVER — CirclePoint Corporate Center at 11030 & 11080 Circle Point Road in Westminster has sold for $59.75 million. Located along the Denver-Boulder US 36 Corridor, CirclePoint Corporate Center is a trophy office campus comprising two contemporary, Class A buildings totaling 275,599 square feet. It was sold to City Office REIT (NYSE: CIO) …