Transformation of Colfax Central Retail Development Prompts $5.9M Sale
Denver, CO – CBRE Group, Inc., announced recently the $5.925 million sale of the two-building, 14,148 SF Colfax Central retail center located at 7611 West Colfax Avenue and 1509 Wadsworth Boulevard in Lakewood, Colorado. Matthew Henrichs and Brad Lyons, both of CBRE’s Denver Retail Investment Properties, represented the seller, Armstrong Capital …
Colorado Boulevard 15-Unit Multifamily Sold
Denver, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2829 Colorado Boulevard, located in Denver, Colorado. This multifamily property has 15 units and was built in 1939. The building is located on Colorado Boulevard, north of City Park. The property sold on May 23, …
Power Home Remodeling Sets Its Sights on Denver
Denver, CO – Newmark Grubb Knight Frank (NGKF), United Properties and Principal Real Estate Investors announce Power Home Remodeling, a Pennsylvania-based company, recently recognized as Fortune’s #1 Workplace for Millennials in the country, is opening a Denver location. The company’s pre-leasing commitment of 23,658 SF will kick start the planned …
How Commercial Property Owners Can Save on Defeasance Costs
One of the several terms in commercial real estate that the industry could use a refresher on includes defeasance. According to Eitan Weinstock, a senior analyst at AST Defeasance, a CMBS loan defeasance consulting firm, “In commercial real estate, defeasance is the process of releasing a commercial property from the …
Is Another Interest Rate Increase On the Horizon?
If the industry buzz is true that there will be at least two more interest rate increases, and these increases are above 6.5%, these costs [for paying a Yield Maintenance penalty] will be even higher. By: Eitan Weinstock, Senior Analyst at Yield Maintenance Consultants There is talk in the industry and …
Sante Fe Office Building Sells for $242/SF
Denver, CO – Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 864 Santa Fe located in Denver, Colorado. The 4,023 SF office building sold on April 28th, 2016 for $975,000 or $242.36 per square foot. Eric Shaw, Senior Advisor with Pinnacle Real Estate Advisors, represented the …
Transwestern Events in Denver Raise >$15K for National Parnter, Make-A-Wish®
Denver, CO – Transwestern’s Denver office recently announced that it held its happy hour event on May 18 to round out its fundraising efforts for the firm’s national philanthropy partner, Make-A-Wish®. Approximately 100 people attended the event at the Pub on Pearl, where 60 percent of the proceeds went directly to …
CBRE Denver Healthcare Services Expands to Welcome New Talent
Denver, CO – CBRE Group, Inc., is pleased to announce Naum Nasif has joined its Denver Healthcare Services as a Senior Associate. With more than nine years of experience working in the Denver-metro healthcare real estate market, Nasif will focus on tenant and landlord representation for hospital and medical specialty clients. …
16-Unit Multifamily Sold by Pinnacle Real Estate Advisors
Denver, CO – Pinnacle Real Estate Advisors, LLC, is pleased to announce the sale of 901 Jasmine St, Denver CO 80220. The 16-unit multifamily property sold for $1,430,000 or $336.36/SF or $89,375 per unit. Kevin Calame and Matt Lewallen, Senior Advisors, represented the sellers side in the transaction. “The seller …
HFF Arranges $15.4M Financing for Industrial Warehouse in Denver’s RiNo District
Denver, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $15.464 million in bridge and construction financing for 2323 Delgany, an 83,133 SF, 100-percent-leased industrial warehouse located in Denver’s River North (RiNo) District. HFF worked exclusively on behalf of the borrower, a joint venture between EverWest Real …