To Spring Forward, CRE Should Look Back
In theory, analysis of market research can prevent the commercial real estate industry from repeating the mistakes of the past. Left unheeded, market research can only provide numbers and statistics. by Julie Wanzer, LEED AP As we “spring forward” into the second quarter of 2016, it can be beneficial to …
Student Housing Community Near CSU Marks 1st Acquisition for Core Spaces
Fort Collins, CO – Core Spaces, a Chicago-based real estate development and management firm, has acquired a three-year old, 665-bed community at Prospect and College avenues, one block from Colorado State University in Fort Collins. The purchase, which closed April 19, was the first for Core Spaces since the firm …
CBRE Completes $41.8M Sale of Highpointe Park Apartments in Thornton
Thornton, CO – CBRE Denver Multifamily Investment Properties, which recently completed the sale of Highpointe Park Apartment Homes, a multifamily property located in North Denver at 9701 Pearl Street in Thornton, Colorado. Built in 2013, the 220-unit property includes 206,570 total rentable square feet. The sales price was $41.8 million or …
48-Unit Apartment Building Sold by Marcus & Millichap
Lakewood, CO – Marcus & Millichap recently today announced the sale of Maplewood Apartments, a 48-unit apartment property located in Lakewood, Colorado, according to Richard A. Bird, regional manager of the firm’s Denver office. The asset sold for $5,600,000. Brian Haggar, apartment specialist in Marcus & Millichap’s Denver office and …
Decline of Oil and Gas Opens Doors New Office Tenants
With headlines of bankruptcy, job cuts and continued low oil prices, the decline of oil and gas companies in Colorado is spilling over into the commercial real estate market. This resulting abundance of office sublease space, allowing new tenants such as co-working companies to occupy the CBD, has the potential …
Sloan’s Lake Apartments Sold by CBRE
Lakewood, CO – CBRE, Inc. recently represented Goldman Sachs in the sale of Sloan’s Lake Apartments, located at 6792 West 19th Place in Lakewood. The complex was built in 1986 and includes 191 units. Aukum Management of Larkspur, California, purchased the property for a confidential price in a sale that …
ARA Newmark Arranges Sale of Value-Add Complex in Under-Served Castle Rock Market
Castle Rock, CO – ARA, A Newmark Company (ARA Newmark) announces the $23.8 million sale of Rolling Hills located at 1129 South Eaton Circle, in Castle Rock, Colorado. Vice Chairmen, Shane Ozment, Terrance Hunt, Jeff Hawks and Doug Andrews represented the seller, Virtú Investments (Virtú), in the 186-unit, value-add sale. …
CBRE Completes $3.95 Million Sale of Centennial Retail Center
Denver, CO – CBRE Group, Inc., recently announced the $3.95 million sale of the retail center located at 8006 East Arapahoe Road in Centennial, Colorado. BS Property Investments of Denver purchased the 14,121-square-foot, seven-tenant property in a sale that closed April 1, 2016. Matthew Henrichs and Brad Lyons, both of …
Three Denver-Area Hotels Sold by Marcus & Millichap
Denver, CO – Marcus & Millichap has arranged the sale of three Marriott Fairfield Inn & Suites hotels in the Denver area. The portfolio contains a total of 225 rooms. “The hotels are all located in stable submarkets within the Denver metropolitan statistical area (MSA), which is one of the top-performing …
$13 Million Sale of Creekside Shopping Center Latest Positive Sign for West Colfax Retail Market
Denver, CO – CBRE Group, Inc., recently announced the $13 million sale of the Creekside on Colfax retail center located at 1692 Wadsworth Boulevard and 7475, 7355 and 7205 West Colfax Avenue in Lakewood, Colorado. Brown and Associates of Westminster, Colorado, purchased the 43,863-square-foot multi-tenant center, which is shadow anchored by …