Denver-based Mercy Housing Gets a New Affordable Home of Their Own
DENVER — Mercy Housing, a Denver-based nonprofit that provides affordable housing nationwide, has moved their headquarters to 1600 Broadway. The organization’s new 36,341-square-foot office space seats nearly 200 employees, providing room for projected growth. Cresa represented Mercy Housing, facilitating the entire process from site selection and transaction management, through to project …
Industrial Flex Building in Boulder Refinanced
Holliday Fenoglio Fowler, L.P. (HFF) has arranged a $17 million refinancing for a fully leased 152,692-square-foot industrial and office building in Boulder. HFF worked on behalf of the borrower’s asset manager, Manchester Capital Management (MCM), to place the 10-year, interest-only, fixed-rate CMBS loan. Loan proceeds are being used to refinance the …
Tennyson44 Multifamily Community Sells for $19.15M
Tennyson44, a five-story, 47-unit multifamily property in the Tennyson/Berkeley neighborhood of Denver, has sold for $19.15 million. Robert Bratley of CBRE’s Denver office arranged the sale on behalf of the seller, Forbes Partnership, Inc. The buyer was an out-of-state investor who acquired the property in an all-cash transaction. It is a long-term addition …
SVN Denver Commercial Announces Sale of Two Caliber Collision Retail Properties
SVN | Denver Commercial, one of Colorado’s top producing real estate investment brokerage firms, recently announced the sale of two single tenant Caliber Collision retail properties. Caliber is the largest collision operator in the U.S. The first in Loveland, a 16,900-square-foot retail property, sold for $6,241,652. The site was a build to suit for Caliber Collision …
Coliving a Niche Asset Class on the Rise
As rent seems to continuously rise in Denver, people are beginning to seek out more affordable options that don’t skimp out on amenities. Coliving is one option that centers around a type of intentional community housing where multiple people share a single home with shared areas such as bathrooms, kitchens …
58-Unit Multifamily Complex in Carbondale Sells for $9.15M
Garfield Avenue Apartments, a three-story, 58-unit complex located at 900 Garfield Avenue in Carbondale, Colorado, has sold for $9,150,000 or $157,758 per unit. Tyler Stevens, director, and Steve Scrivener, senior associate, of Cushman & Wakefield Denver, represented the seller, MHP Funds, in the transaction. The buyer was Steve Elken of …
Portfolio of Colorado Apartment Communities Sells for a Record-Breaking $206M
LOVELAND — Three upscale multifamily properties located in Northern Colorado have sold for a gross sale price of $206.5 million. The portfolio consists of the Greens at Van de Water and Lake Vista at Centerra Apartments, both in Loveland, and Arbour Square at Orchard Town Center in Westminster. Inland Private …
Sought-After Industrial Center in Aurora Sells
AURORA – EastGroup Properties, a Mississippi-based real estate investment trust company, has acquired buildings 2, 4, 5 and 6 at the Airways Business Center, a Class A warehouse distribution center in Aurora. Together, the buildings offer 382,137 square feet of space and are currently 100 percent occupied by a mix of 11 tenants. …
HFF Arranges $220M Financing for 1144 15th Street
DENVER – Holliday Fenoglio Fowler, L.P. (HFF) recently announced that it has arranged $220 million in financing for 1144 15th Street, a 673,852-square-foot, trophy Class AA office building in downtown Denver. The HFF team worked on behalf of the borrower, Hines and their equity partner, to secure a 17-year, fixed-rate permanent …
Greeley Retail Center Changes Hands
GREELEY — The 4,373-square-foot Pacific Dental & Topper’s Pizza Strip Center located at 4421 Centerplace Dr. in Greeley, has sold for $2,125,000 ($485 per square foot). Peter Peluso and Chris Wiedenmayer of Legend Investment Group (LIG), a division of Legend Partners, facilitated the sale of the 2-tenant retail strip center that was built …