CBRE Completes Sale of Ft. Logan Elementary Redeveloped by Habitat for Humanity
Sheridan, CO – CBRE Group, Inc., announced that the firm completed a transaction of the former home of Ft. Logan Elementary located at 3700 South Knox Court in Sheridan, Colorado. The former structure was no longer functional as an elementary school and the entire property will be redeveloped into affordable housing by …
CRE Transaction Risks per ADISA Panel
View Here The ADISA’s Spring Symposium held a panel focusing on the greatest CRE transaction risks including investor’s exit strategies, the relationship between interest rates and cap rates and a rising interest-rate environment. Published on GlobeSt.com Photo credit: Pixabay
From Classrooms to Class A: Transforming the 20-year Vacant Mapleton High School into Hub 25
Denver, CO – Westfield Company announced today the unveiling of Hub 25, a project that will deliver 421,500 square feet of new, Class A industrial space at the 20-year-vacant site of the former Mapleton High School in Central Denver. The development located on 23.76 acres near the junction of I-25 …
Recently Developed Boulder View Apartments Sets Record Per Bed Sale
Boulder, CO – CBRE Group, Inc., announced the sale of Boulder View Apartments located at 6655 Lookout Road in Northeast Boulder, Colorado. Dave Potarf, Dan Woodward and Matt Barnett of CBRE Denver Multifamily Investment Properties represented the seller, First Range Management of Boulder. LandBank Investments, LLC, of Menlo Park, California, purchased …
Commercial Mortgage Backed Securities – Outlook Fairly Good for Remainder 2016
View Here According to the research released by Trepp, CMBS delinquency rates were at 4.15% as of February 2016, down from a high of 10.34% in June 2012. The delinquency rates could affect the number of loan originations for the rest of 2016. Published on GlobeSt.com Photo credit: Trepp
Transwestern Brokers Sale of Shopping Center in Denver’s Northwest Submarket
Denver, CO – Transwestern’s Denver office represented the Ann Hurley Hodgdon Trust in the sale of Independence Square, located at 4980 and 4990 Kipling St. in Wheat Ridge, Colorado. The 43,770-square-foot shopping center was acquired by an undisclosed family trust. Managing Directors Brad Cohen and Larry Thiel of Transwestern’s Denver Capital …
New Class A Construction in High-Growth Aurora Atrracts Arterra Place Apartment Community Buyer
Denver, CO – CBRE Group, Inc., announced today the sale of Arterra Place apartment community located at 17036 East Ohio Drive in Aurora, Colorado. Dave Potarf, Dan Woodward and Matt Barnett of CBRE Denver Multifamily Investment Properties represented the seller, Jordon Perlmutter & Co. of Denver. LandBank Investments, LLC, of Menlo …
Essex Originates $5.0 Million Acquisition Loan
Denver, CO – Essex Financial Group has arranged a $5.0 million non-recourse loan for the acquisition of the Wheeler Block Building. The Wheeler Block Building is a 6-story, 33,000 square foot brick and timber office building located in Denver’s vibrant Lower Highlands neighborhood. The Wheeler Block Building was ~75% occupied at closing. …
Marcus & Millichap Completes Sale Mimi’s Cafe
Colorado Springs, CO – Marcus & Millichap, commercial real estate investment services firm, announced the sale of a net leased Mimi’s Cafe located in Colorado Springs, Colo., according to Richard A. Bird, regional manager of the firm’s Denver office. The asset sold for $3,362,500. The seller, a limited liability company, was …
Jackson Square $75.1M Trade Transaction – Sells One Apartment Complex in Denver, Buys Another
Denver, CO — Jackson Square Properties has sold the 345-unit Villas at Parker apartment community in Denver to Advenir. The seller used the proceeds from that sale to acquire the 185-unit Arapahoe Club, another apartment community in Denver. Though prices were not given on the individual transactions, the entire trade …