Rodeway Inn Hotel in Loveland Sells During COVID Shutdown
The Rodeway Inn, a 48-room hotel in Loveland, has sold for $2,875,000. The sale took place during the COVID-19 pandemic, which made the financing “extremely difficult,” according to Neville Rustomjee, first vice president investments at Marcus & Millichap’s Denver office. “Many SBA lenders will not finance new hotel acquisitions, and those …
Transwestern a Best Place to Work for Millennials
Great Place to Work® and Fortune magazine have named Transwestern Real Estate Services (TRS) one of the Best Workplaces for Millennials for the fourth time. Transwestern is the only third-party, full-service commercial real estate firm to be recognized. “To be recognized for our culture of empowerment, inclusion and innovation,” said Tom …
Landmark Corporate Center Refinanced
Landmark Corporate Center, a 210,557-square-foot, multi-tenant office building located at 5500 South Quebec Steet in the Denver Tech Center has received a $25,480,000 cash-out refinance. Landmark Corporate Center is currently 100 percent leased. The property is walkable to nearby amenities such as The Landmark, a 170,000-square-foot mixed-use center and the Orchard …
CBRE Completes 31,000-Sq.-Ft. Office Sublease in Fort Collins
CBRE has completed an office sublease for ASRC Federal Holding Company at 3420 East Harmony Road in Fort Collins. Matt Patyk of CBRE’s Fort Collins office and Dominic Orfitelli of CBRE’s McLean, Va., office represented the tenant in the 31,000-square-foot sublease. The sublease commences in the third quarter of 2020. The sublessor is …
Affordable Housing Portfolio Sells in Northern Colorado
Three affordable housing apartment communities in Northern Colorado have sold for $8,650,000, according to Skyler G. Cooper, regional manager of Marcus & Millichap’s Denver office. Together, Centennial Village in Evans, the Camelot Apartments in Greeley, and the Villa 14 Apartments, also in Evans, total 104 units. This was the buyer’s first …
4.7-Acre Infill Redevelopment Site in Globeville Sells for $6M
The Salvation Army has sold its 4.7-acre infill redevelopment site at 4751 Broadway in the heart of Denver’s Globeville. According to Cushman & Wakefield, Wolf|Stutz Investments purchased the property for $6 million. Situated on nearly five acres, 4751 Broadway contains approximately 85,453 square feet of existing warehouse, dormitory and office …
Pepsi Signs Lease at 66-acre Infill Logistics Business Park in Denver
Pecos Logistics Park, a 66-acre infill logistics business park being developed by Denver-based Westfield Company Inc. has signed its first high profile tenant. PepsiCo Beverages North America (PBNA) has signed a 283,500-square-foot lease at the business park, which is currently under construction at the northwest corner of 56th Avenue and Pecos …
Mobil Gas Station Changes Hands in Greeley
A Mobil branded gas station and convenience store located at 2201 8th Ave, Greeley, has sold for $1,017,000. After generating interest from many prospective groups, the property was sold to a local buyer with plans to continue operating the business. The 2,088-square-foot station, built in 1968, is only a few blocks South of the …
Oak Coast Properties Buys Apartment Community in Colorado Springs for $37M, Planning Renovation
Cottonwood Terrace, a 200-unit apartment community located in Colorado Springs, has been sold to Oak Coast Properties for $37.25 million. The firm is planning a $1.5 million renovation to the community as part of a value-add investment strategy aimed at the vast number of millennials moving into the region and looking for …
Steelhead Composites Inc. Leases Warehouse in Wheat Ridge
Steelhead Composites Inc,, a Colorado-based company that specializes in making metal containers that are filled with liquid or gas at high pressures, has signed a lease for Unit 150 in the Jeffco West Building at 11900 W. 44th Ave. in Wheat Ridge, according to Todd Brown, Commercial Broker & Advisor at …