Brennan Breaks Ground on Colorado Logistics Park
Chicago-based private real estate investment firm, Brennan Investment Group, broke ground on approximately 61 acres last week at the intersection of East 112th Avenue & Havana Street in Commerce City, for a phased speculative development project. Fully complete, the new development, Colorado Logistics Park, will consist of five buildings, totaling …
Brinkman Completes Nearly $55 Million in Transactions this Month
Real estate development and investment company Brinkman closed this week on the acquisition of Windom Peak, bringing their total transactions close to $55 million in the last 30 days. The company’s other transactions in the past month include the acquisition of a Steamboat Springs retail/office center, Sundance at Fish Creek, for …
NorthPoint Development Closes on 185 Acres of Land in Aurora
NorthPoint Development has closed on 185 acres of land that will be the site of Stafford Logistics Center, a 350 acre, ±4.4-million-square-foot industrial and mixed-use development located at the confluence of I-70, E-470, E. Colfax Avenue and Picadilly Road in Aurora. NorthPoint has already started construction on a 598,500-square-foot warehouse …
Supplemental Assets Sell Office Building in Colorado Springs
Northpark Offices, a 25,913-square-foot office property located at 4465 Northpark Drive in Colorado Springs, has sold for $3 million, according to Skyler G. Cooper, regional manager of Marcus & Millichap’s Denver office. Investors were drawn to the supplemental assets offered with the property, which generated multiple offers during the marketing phase. “The …
NKF Leases Quarter-Million-SF in 8 Months at 76 Commerce Center
Newmark Knight Frank (NKF), Hyde Development and M.A. Mortenson Company recently announced the leasing of 232,615 square feet at building 5, the first completed building at 76 Commerce Center, part of a 1.8 million-square-foot, Class A industrial park in Brighton. The development is a joint venture between Hyde Development and Mortenson. Building 5, …
Aurora Apartments Acquistition Marks Second-Highest Multifamily Sale of 2019
Los Angeles-based IMT Capital LLC has purchased The Savoy at Dayton Station Apartments, a 612-unit community located at 3645 South Dallas Street in Aurora, just steps from the Dayton Light Rail Station. This marks one of the largest properties to sell this year, second to the 1,023 units Ivy Crossing sale in April 2019. …
Desirable Cherry Creek Office Building Sells for $55M
Financial House, a 73,000-square-foot office building located on the North West corner of 2nd and Detroit, at 205 Detroit Street in Cherry Creek, sold last week for $55 million. Denver-based Bow River Capital + BMC Investments sold the 100 percent leased building to Denver-based EverWest Real Estate Investors. Current tenants include: Amazon Books, …
2019 is “The Year of the Food Hall”
At a time when headlines about the retail sector remain dominated by stories of closures and bankruptcies, food halls have emerged as one of the hottest growth trends — spurring real estate trade journal Globe Street to declare 2019 as “The Year of the Food Hall.” But what began as …
JLL Arranges $20M Financing for New Denver Retail Property
JLL has secured $20 million in refinancing for Central Park Retail, a 61,443-square-foot, Class A, multi-tenant retail center in Highlands Ranch. JLL worked on behalf of the borrower, Shea Properties, to secure the 12-year, 3.65%, fixed-rate loan with a correspondent life insurance company lender. Loan proceeds will be used to …
Copperleaf Place Apartments in Fort Collins Sell for $22M
According to CBRE, Real estate development and investment company Brinkman has sold Copperleaf Place multifamily community, located at 3425 South Shields Street in Fort Collins, for $21.825 million Dan Woodward, David Potarf, Matthew Barnett and Jake Young with CBRE Capital Markets represented Brinkman. The buyer, Warm Springs Holdings, a private buyer from Calif., …