BrokerageMultifamily

Highlands Ranch Apartment Sale Sets New Record

JLL has closed the largest single-asset apartment transaction in Colorado history with the sale of Palomino Park Apartments, a 1,184-unit, upscale apartment community in Highlands Ranch. JLL’s Capital Markets team brokered the $435 million sale on behalf of the seller, Nuveen Real Estate and also secured $282.75 million in financing for the …

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BrokerageHospitality

Sale of TownePlace Suites Denver Airport Signals Recovery of Hospitality Industry

Marriott TownePlace Suites Denver Airport at Gateway Park, a 99-room, LEED Silver, hospitality property sold to Pennbridge Lodging in May. Skyler Cooper, Allan Miller, Chris Gomes, and Michael A. Fasano investment specialists in Marcus & Millichap’s Dallas and Denver offices, had the exclusive listing to market the property on behalf …

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BrokerageOffice

WeWork Selects JLL as Leasing Agent in Denver

Coworking is making a comeback. JLL announced this week that WeWork has selected them as the leasing agent for 38 locations in seven cities nationally, including its locations in metro Denver. In this role, the Denver office will act as an extension of WeWork’s in-house sales team, providing agency leasing for small occupiers as …

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BrokerageEducation

Former Johnson & Wales Denver Campus Sells to ULC

Denver-based nonprofit Urban Land Conservancy (ULC), Denver Public Schools (DPS), and Denver Housing Authority (DHA) have purchased the former Johnson & Wales University Denver campus. Located at the southwest corner of Montview Boulevard and Quebec Street, the campus includes 13 buildings on approximately 25 acres. According to NAI Shames Makovsky, DPS …

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BrokerageIndustrialOffice

88,000 sq. ft. Flex Medical Office/Industrial in Greeley Sells for $8.5M

Cushman & Wakefield recently brokered the sale of a unique 88,000-square-foot medical office/industrial flex facility in Greeley. The property is approximately 37 percent net-leased to one of the largest nonprofit health care systems in the country and sold for $8.5 million. The asset was acquired by a private investor that …

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BrokerageMultifamily

254-Unit Luxury Apartment Near Downtown Loveland Sells for $71M

According to CBRE, an affiliate of Abacus Capital Group has sold a 254-unit luxury apartment community in Johnstown. According to Larimer County property records, The Gateway at 2534 sold for $71 million, or $279,528 per unit. Built in 2015, the 10-building property features a mix of one-, two-, and three-bedroom …

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BrokerageConstructionDevelopmentIndustrial

Becknell Industrial Adding 500,000 sq. ft. at Nexus at DIA

With metro Denver’s industrial market off to a strong start in 2021, Indiana-based Becknell Industrial will break ground on 500,000 additional square feet of warehouse/distribution space at Nexus at DIA, a newly developed industrial park in Commerce City. The two new buildings are being marketed for sale or lease by CBRE’s Jim …

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BrokerageProperty Management

Local Denver Real Estate Named Top Workplace and Small Business

Atlas Real Estate, a full-service real estate company specializing in investment brokerage, property management and institutional acquisitions, has been selected as a Top Workplace by The Denver Post and as a Small Business Award finalist by the Denver Business Journal. Atlas ranked near the top 20 percent on the list …

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BrokerageHospitalityRenovation

Denver-Based Hotel Company Acquires Two Marriott Hotels in Lakewood

In a joint venture with Dallas-based Bedford Lodging, Denver-based Five Senses Hospitality— a hotel company launched by Chris Manley, the former COO of Stonebridge Companies, in 2020—has acquired a Residence Inn by Marriott and a Courtyard by Marriott in Lakewood, bringing Five Senses’ portfolio to eight properties, totaling more than 600 rooms. “These …

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BrokerageMultifamily

Virginia-Based Willow Creek Makes First Acquisition in Denver

Virginia-based Willow Creek Partners (Willow Creek) recently purchased The Croft Apartment Homes, a 138-unit mid-rise property located at 7200 E. Evans Ave., Denver, for $29.5 million, marking their first acquisition in the region. “Denver has long been a high priority market for us, and The Croft represents the perfect entrance into the …

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