BrokerageOffice

Sale of Office Building Demonstrates Investor Demand in Colorado Springs

Cleveland-based Boyd Watterson Asset Management has acquired a 67,640-square-foot Class A multi-tenant office asset in Colorado Springs. According to Cushman & Wakefield, Boyd Watterson purchased the asset from Denver-based Flywheel Capital for $11 million. The property, located at 1670 Newport Rd, recently underwent interior renovations as well as significant improvement to select …

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BrokerageDevelopmentIndustrialLand SalesRetail

Becknell Industrial to Develop Industrial Distribution Facility in Commerce City

According to Cushman & Wakefield, Becknell Industrial has purchased two land sites totaling 170 acres, along with a subsequent lease for a brand new 1-million-square-foot build-to-suit distribution location for a yet to be named national home improvement retailer, in Commerce City. Becknell purchased the land for a combined $22.4 million, according …

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BrokerageRetail

Dunton Commercial Buys Pueblo Retail Center

Greenwood Village-based Dunton Commercial, a professional, commercial real estate company offering property management, accounting, investment, and advisory services, has purchased a 90,000-square-foot retail center in Pueblo, for $5,980,000. The acquisition also included four outparcel pad sites. The seller, according to county records, was Belmont Squared LLC, which is registered to Stephen Elken. …

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BrokerageHospitality

Denver Hotel Brand to be Acquired by Boston Hotel Company for $90M

Denver-based RLH Corporation (NYSE: RLH), parent company of Red Lion hotels, is to be acquired by Boston-based Sonesta International Hotels Corporation (“Sonesta”), in an all-cash transaction valued at approximately $90 million. “We are excited about unlocking shareholder value through this all-cash transaction with Sonesta,” said R. Carter Pate, Chairman of RLH. “After …

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BrokerageHealthHealthcareOffice

Invesco Real Estate Acquires Pfizer Life Sciences Campus in Boulder

Invesco Real Estate, a global real estate investment manager, has purchased 3200 Walnut – a four-building interconnected campus featuring 151,384 square feet of prime lab and office space in Boulder. The campus, occupied by Pfizer, includes four buildings located at 1825, 1865 and 1885 33rd Street and 3200 Walnut Street. Newmark Vice Chairman John …

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BrokerageConstructionDevelopmentMultifamily

Newly-Built Apartments in Longmont Trade for Record Price

According to Brinkman Real Estate, Union Pointe, an eight-building apartment community in Longmont, has traded to Minneapolis-based Centerspace, a publicly traded real estate company focused on multifamily. The property was sold for $76.9 million ($300,390/unit), marking a record-high multifamily transaction for the Longmont market. Brinkman developed the property in partnership with Jensen LaPlante Development and …

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BrokerageOffice

Hughes Marino Opens Denver Office

California-based brokerage firm Hughes Marino is expanding its corporate footprint, opening a new office in Denver. The firm is reportedly leasing temporary space at Dairy Block in LoDo while it works to secure a permanent office in the Mile High City. “The commercial and entrepreneurial spirit of this region is …

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ArchitectureBrokerageDevelopmentInvestmentMultifamily

Townhouse Property in Cherry Creek North Fetches $575k Per Unit

The Townhouses at Cherry Creek North, a luxury multifamily community located at 101 Harrison Street in Denver, has sold for $6.9 million, or $575,000 per unit – representing the most expensive per-unit, arms-length multifamily transaction recorded in Denver. Erik Toll of Pinnacle Real Estate Advisors LLC.represented the seller and buyer …

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BrokerageMultifamily

Colorado Springs Apartment Community Sells for $29M

Elevate Apartment Homes in Colorado Springs has sold for $29 million ($151,042 per unit and $186 per square foot). Elevate is a 192-unit apartment community built in 1975 and located at 370 Crestone Lane, located in the southwest part of Colorado Springs – a very hot rental submarket experiencing significant redevelopment and growth. According to …

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BrokerageMultifamily

Apartment Property in Denver’s Golden Triangle Sells for $10.8M

Satori Residences, a 24-unit multifamily property in Denver’s Golden Triangle Creative District, has sold for $10.8 million.  Satori Holdings LLC sold the property to a confidential out-of-state entity in a transaction that closed Dec. 3. Satori Residences is a newly built, five-story property located at 950 Lincoln Street, the property totals …

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