Transwestern Brokers Sales of 152,603 SF Office Complex Highlands Ranch
Denver, CO – Transwestern’s Denver office recently announced that it represented the undisclosed seller of Highlands Ranch I and II, located at 630 – 640 Plaza Drive in Highlands Ranch, Colorado. The 152,603 SF office property was acquired by Bancroft Capital. Managing Directors Brad Cohen and Larry Thiel of Transwestern’s …
CRE Market Perspective – Oil & Gas Effects on Office Market
View here Several brokerage firms’ in-house research teams weigh-in on the latest office market trends including negative absorption rates, sub-leasing activity and vacancy rates in the Denver metro area. Graph courtesy of JLL Research
Hunt Mortgage Group Refinances a Multifamily Property in Denver
Denver, CO – Hunt Mortgage Group recently announced that it provided a $5 million Freddie Mac Small Balance loan to refinance a multifamily property located in Denver, Colorado. Hunt Mortgage Group was selected as one of only three financial institutions to pilot the Small Balance Loan program when it was …
Clinica Family Health Purchases Land for New Headquarters in Lafayette Tech Center
Denver, CO – Transwestern’s Denver office announces Clinica Family Health Services has acquired three adjacent pieces of land totaling seven acres in the Lafayette Tech Center. The nonprofit plans to relocate its administrative offices and Lafayette clinic from two separate sites to a new flagship facility that it will be building at the …
Marcus & Millichap Arranges Sale Tri-Peak Plaza Retail Property
Colorado Springs, CO – Marcus & Millichap announced the sale of Tri-Peak Plaza, a 46,354 SF retail property located in Colorado Springs, CO. The asset sold for $6,000,000 according to Richard A. Bird, regional manager of the firm’s Denver office. Garrette Matlock, a senior associate in Marcus & Millichap’s Denver …
Pinnacle Announces Sale Several Multifamily Units: Lakewood, Westminster & Denver
Lakewood, CO – Josh Newell, Senior Advisor at Pinnacle Real Estate Advisors, LLC, announces the sale of Andi Lynn Flats located at 213-233 S. Ingalls Street in Lakewood, Colorado. The 16-unit property sold on May 13th with a contract price of $$2,125,000; $132,813 per unit and $160.26 per square foot. …
Pinnacle Real Estate Advisors Completes $4.8M Sale Centennial Corners
Centennial, CO – Pinnacle Real Estate Advisors facilitated the recent sale of Centennial Corners, located along 10909 E. Arapahoe Road in Centennial. The 18,719 SF retail center includes tenants such as Qdoba, Game Stop, Domino’s, Anytime Fitness, and Bawarchi Biryani Point. Tom Ethington and Robert Edwards of Pinnacle represented the seller, Woodbury Corp., …
CO Construction-Defects Alternative Dies
View here Following up on a story reported on Monday, May 9th, the alternative study to investigate Colorado’s construction-defect reform did not pass in the legislature. It was argued that millennials are not interested in purchasing lower-priced condominiums by chairwoman Rep. Su Ryden, D-Aurora. Two affordable housing bills were passed through …
Matthews Retail Advisors Facilitates $4M sale of Quincy Corners
Aurora, CO – Matthews Retail Advisors arranges the $4 million sale of Quincy Corners retail center located at the corner of E Quincy Avenue and S Reservoir Road in Aurora, Colorado. The complex is anchored by Big 5 Sporting Goods. The seller, Spirit Realty Capital, was represented by Patrick Toomey …
Another Suburban Firm Relocates HQ to Downtown Denver
View here SendGrid, an email technology company, is moving into the 1801 California Tower in Downtown Denver to accommodate up to 450 employees in the 52,000 SF of office space. This move is part of a trend for companies previously located in the suburbs to enter the downtown Denver market. …