Denver Data Center Market Capturing Growing Interest
According to Cushman & Wakefield’s Americas Data Center Update, in the second half of 2022 established data center markets began to feel the growing pressures of limited power and land. As a result of this, there has been growing interest in secondary markets such as Denver, Portland, Columbus, Austin and Canadian markets as operators …
Charter Communications Nearly Doubles its Space at Compark Business Campus
A leading broadband connectivity company and cable operator will nearly double its space at Compark Business Campus at 8560 Upland Drive, in Englewood. Charter Communications, which brands its services as Spectrum, has leased an additional 58,487 square feet. The expansion brings the company’s occupancy to 122,000 square feet in the 149,143-square-foot …
Crescent Acquires Element Basalt Aspen Hotel
Element Basalt Aspen, a 113-key extended-stay hotel in Basalt near Aspen, has sold to Crescent Real Estate LLC (Crescent). JLL represented the seller, Silverwest Hotels, LLC, and procured the buyer. JLL also secured acquisition financing for the buyer. A sale price was not disclosed. Jason Anderson, Co-CEO of Crescent stated, “Crescent is …
Rare Industrial Park in Pueblo Sells for $3.6M
The Denver office of Marcus & Millichap announced today the sale of Pueblo Industrial Park, a 28,800-square-foot industrial property located at 589 East Industrial Boulevard in Pueblo West. The asset sold for $3,650,000. “This was a rare opportunity to purchase the largest Small-Bay Industrial Park in the area located on …
Central Park Business Center Announces Two New Industrial Leases
Central Park Business Center, a recently constructed Class A industrial park in Denver’s Airport submarket, has signed two new leases bringing Building 1 (9525 E. 40th Ave.) to 100 percent occupancy. Restaurant supply company Trimark leased 34,255 square feet and Lifetime Windows is expanding in the park to occupy an additional 22,800 …
Local Developer Secures $31.16M Financing for Luxury Colorado Apartment Community
Denver-based Forum Real Estate Group, LLC recently refinanced its multifamily property Epoque Golden, a 120-unit, Class A, four-story community in Golden. JLL Capital Markets worked on behalf of the borrower team, including Forum Real Estate Group, LLC, to secure the $31.16 million, five-year, fixed-rate loan through Freddie Mac Multifamily. The loan will be …
Colorado Property Among 2022’s 50 Most Expensive Office Sales Nationally
CommercialCafe just released a new report which ranks the top 50 most expensive office sales of 2022. Although the way we live and work has been transformed, the office industry still has a central role to play. With that in mind, CommercialCafe ranked the largest transactions of office properties in2022, as …
Asana Partners Adds Historic Platte Street Properties to Growing Retail Portfolio
Asana Partners, a vertically integrated real estate investment firm creating value in dynamic and vibrant mixed–use neighborhoods, and the current owner of Denver’s Larimer Square, has purchased a row of historic retail buildings along Platte Street in downtown Denver for $39.75 million, according to property records. Asana purchased the Root Building at …
$30M Refinancing Secured for Forbes Five-Star Resort in Telluride
JLL Capital Markets recently arranged a $30 million refinancing for The Madeline Hotel, Auberge Resorts Collection, an 83-key luxury resort with 56 separately-owned condominiums in the popular mountain town of Telluride. JLL worked on behalf of the borrower, Flynn Properties Inc., to secure the five-year, floating-rate loan through Värde Partners. The …
New York Investor Acquires 15-Unit Apartment Property in Highly Coveted Denver Neighborhood
815 East Ellsworth Apartments, a 15-unit apartment property near Cherry Creek Mall, has sold to Ninth Square Real Estate Partners, a New York-based real estate investment company whose partners have over three decades of combined experience generating superior returns for their investors with a track record including $1.5 billion of value-add …