BrokerageIndustrialInvestment

IG Logistics Buys 29,800 sq. ft. Last Mile Warehouse in Denver for $3.2M

Following last month’s purchase of Lipan Street Industrial Park site for $21 million, New York-based IG Logistics has made its second acquisition in Denver, acquiring a last-mile warehouse facility at 5105 Cook Street. The site was purchased for $3.2 million in an off-market deal. The nearly 29,800-square-foot facility spans three acres and …

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BrokerageDevelopmentMultifamily

New-Build 60-Unit Apartment Building Sells for $17.5M

Berkadia Denver and Berkadia Seattle have announced the $17.5 million opportunity zone sale and over $13 million in financing secured for Mile High Place, a 60-unit midrise multifamily property located at 1586 Hooker Street in Denver. Built by Highland Builders, Mile High Place is a new-build development located in Denver’s burgeoning …

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BrokerageDevelopmentOfficeTechnology

Google Acquires Office Space at Rēve Development in Boulder

Furthering its commitment to growing and investing in the Boulder community, Google has purchased the office space at the Rêve development at 30th and Pearl Street. The office space will serve as an extension of Google’s Pearl Place Campus, which is located across the street. “With the acquisition of this …

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BrokerageEventsIndustrialMultifamilyTechnology

RE/MAX Commercial Symposium Explores “New Normal” of Industry Trends

This week, RE/MAX Commercial® concluded its two-day Commercial Symposium for affiliated commercial real estate practitioners. Held at the Denver Marriott South Park Meadows in Lone Tree, this premier event was open to the entire RE/MAX network and provided ideas, information and strategies to RE/MAX commercial practitioners, as they navigate the “new normal” of commercial real estate.    The 14th annual event offered a lineup of industry experts, innovators, and veterans discussing the evolution of the …

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BrokerageOfficeRenovation

Recently Renovated Granite Tower Sells to Florida-Based Investor

Florida-based national real estate firm CP Group has made its first purchase in the Denver market, buying Granite Tower, a 31-story, 593,527 square-foot LEED Gold–certified Class A office tower — located at 1099 18th Street in downtown Denver —in an off-market transaction. A sale price was not disclosed. The seller, KBS …

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BrokerageOfficeRent

T-Mobile Expands at Denver’s Broadway Station

Encouraging news for Denver’s office market today: EverWest Real Estate Investors and Independencia Asset Management have signed a 78,336-square-foot, 10-year lease with T-Mobile at its well-known Broadway Station office campus. Under the lease, which represents one of the larger long-term local office market leases completed during the pandemic, T-Mobile will expand into two full …

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BrokerageIndustrial

E-Commerce Facility in Downtown Denver Sells for $114M

A newly-developed Class A warehouse/distribution building, currently 100 percent leased to Amazon, has sold to a national real estate investment, development and management firm for $114 million. Developed in 2021, the 147,000-square-foot facility is located at 875 W 64th Ave in downtown Denver. Executive Managing Director Will Strong, Vice Chairmen Jeff Chiate and …

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BrokerageIndustrial

Tepuy Properties Buys Longmont Facility for $2.3M

Commercial property management and investment firm Tepuy Properties has closed on its third purchase of the year with the acquisition of a 16,500-square-foot light manufacturing facility at 1650 Skyway Dr. in Longmont. The Boulder-based real estate syndicator purchased the single-story property for $2.3 million. Located in unincorporated Weld County, the property is three …

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BrokerageMultifamily

Apartment Property Near Denver’s City Park Sells for $88.7M

Park 17, a 190-unit Class A multifamily property located at 1210 East 17th Avenue in Denver, has sold for $88.7 million. Dave Martin, managing director, and Brian Mooney, vice president of NorthMarq’s Denver investment sales team, represented the seller, Kairoi Residential. The buyer is an entity tied to Houston-based Lionstone Investments. …

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BrokerageEnergyIndustrialTechnology

Utah-Based Data Center Company Acquires Two-Building Campus in Colorado Springs

Utah-based Novva Data Centers, a privately held company that provides wholesale and multi-tenant colocation infrastructure services, has acquired a two-building campus, comprising a Tier 3+ data center and industrial facility in Colorado Springs, for $38.5 million. The sale represents Novva’s introduction into the Colorado market. The JLL Capital  Markets Data Center team based …

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