BrokerageMultifamily

111-Unit Multifamily Property in Loveland Sells for $25.5M

Denver-based Woodspear Properties has acquired The Buttes, a 111-unit, three-story multifamily property in Loveland, for $25.5 million. “The Fort Collins/Loveland metro area has been the one of the fastest-growing economic regions in Colorado over the past decade and Northern Colorado’s diverse mix of industries, which includes manufacturing, high-tech and higher education, helped shield …

READ MORE →
BrokerageIndustrial

EverWest Acquires Two-Building Industrial Portfolio in Aurora

EverWest Real Estate Investors has acquired Tower Business Center, a new, two-building industrial portfolio in Aurora, for $66.45 million. The portfolio totals 422,961 square feet and is fully occupied by Tempur Sealy and Sprouts Farmers Market under full-building, long-term leases. “This was a rare opportunity to capture Class A product located …

READ MORE →
BrokerageOffice

3-Building Office Complex in Colorado Springs Sells for $11M

Garden Gateway Plaza, a three-building office complex in Colorado Springs, has sold to Idaho-based Alturas Capital in an off-market transaction, for $11.2 million. Located at 1355, 1357 and 1365 Garden of the Gods Road, Garden Gateway Plaza totals 115,052 square feet on 7.42 acres. The property was 92 percent leased at …

READ MORE →
BrokerageEnergyOffice

Energy Efficient Building in Golden Sells for $30.5M

Signature Centre, a five-story Class A office building located at 14143 Denver West Parkway in Golden, has sold to Vista Investment Group for $30.475 million, marking the Los Angeles-based real estate investment firm’s entry into Colorado. Vista plans to pursue increasingly larger, core-plus, value-add and distressed opportunities throughout the Western states …

READ MORE →
BrokerageCondominiumDevelopmentFor Sale

South Broadway Condo Project Nears Completion

SoBo 58, a new South Broadway condominium development just west of Platt Park, is nearing completion and is already almost 70 percent sold out. The state-of-the-art mid-rise project totals 58 private residences, consisting of studios, one-bedrooms, one-bedrooms with a den, two-bedrooms, and select plans with a private mezzanine and vaulted ceilings. Prices start …

READ MORE →
BrokerageRetail

Three Retail Properties in Colorado Sell for Combined $13.68M

Three net-leased retail properties located in metro Denver, Colorado Springs and Pueblo, recently sold for a combined $13.68 million. Brad Lyons, Matthew Henrichs and Parker Brown with CBRE’s National Retail Partners group in Denver represented the seller on each transaction. “The market for high-quality, net-lease investment opportunities across the Colorado Front …

READ MORE →
BrokerageIndustrialInvestmentRenovation

Neglected Industrial Building in Broomfield to be Renovated

Boulder-based Tepuy Properties, a real estate syndicator and property management company, has purchased 1 Park St. in Broomfield, a 26,400-square-foot single-story industrial building, for $1.75 million. Located just off Highway 36 and the Interlocken Loop, the property has suffered significant hail, fire and water damage, as well as other neglect. “I’ve been looking for …

READ MORE →
BrokerageIndustrialInvestment

Englewood Industrial Property Sells as Part of Portfolio Sale

Westcore Properties, a San Diego-based real estate investment firm, has purchased a four-property industrial portfolio in the Western United States, including a distribution facility in Englewood, Colorado. The properties total 704,065 square feet and are located in prime distribution corridors across the western United States. The assets are located at 14101 …

READ MORE →
BrokerageTechnology

New Case Study Details Success of CRE Underwriting Automation

Bellwether Enterprise (BWE) — a national, full-service commercial and multifamily banking company that provides flexible, competitive market rate and affordable financing solutions — recently implemented the Clik.ai AutoUW software system across its servicing and origination teams, in order to make its underwriting and financial review processes more efficient, while maintaining the …

READ MORE →
BrokerageMultifamilyTransit

Transit Oriented Multifamily Asset in Arvada Sells to The Praedium Group

With new apartment communities few and far between in Arvada, New York-based The Praedium Group seized the opportunity to purchase Gateway Arvada Ridge, a Class A, 296-unit multifamily asset located at 5458 Lee Street in Arvada. Newmark Vice Chairmen Shane Ozment, Terrance Hunt and Chris Cowan represented the seller, Embrey, who developed the property, …

READ MORE →