BrokerageOffice

Hughes Marino Opens Denver Office

California-based brokerage firm Hughes Marino is expanding its corporate footprint, opening a new office in Denver. The firm is reportedly leasing temporary space at Dairy Block in LoDo while it works to secure a permanent office in the Mile High City. “The commercial and entrepreneurial spirit of this region is …

READ MORE →
ArchitectureBrokerageDevelopmentInvestmentMultifamily

Townhouse Property in Cherry Creek North Fetches $575k Per Unit

The Townhouses at Cherry Creek North, a luxury multifamily community located at 101 Harrison Street in Denver, has sold for $6.9 million, or $575,000 per unit – representing the most expensive per-unit, arms-length multifamily transaction recorded in Denver. Erik Toll of Pinnacle Real Estate Advisors LLC.represented the seller and buyer …

READ MORE →
BrokerageMultifamily

Colorado Springs Apartment Community Sells for $29M

Elevate Apartment Homes in Colorado Springs has sold for $29 million ($151,042 per unit and $186 per square foot). Elevate is a 192-unit apartment community built in 1975 and located at 370 Crestone Lane, located in the southwest part of Colorado Springs – a very hot rental submarket experiencing significant redevelopment and growth. According to …

READ MORE →
BrokerageMultifamily

Apartment Property in Denver’s Golden Triangle Sells for $10.8M

Satori Residences, a 24-unit multifamily property in Denver’s Golden Triangle Creative District, has sold for $10.8 million.  Satori Holdings LLC sold the property to a confidential out-of-state entity in a transaction that closed Dec. 3. Satori Residences is a newly built, five-story property located at 950 Lincoln Street, the property totals …

READ MORE →
BrokerageMultifamily

Multifamily Portfolio in Sloan’s Lake Trades for $14.5M

A three-building multifamily portfolio located in the Sloan’s Lake neighborhood of Denver, has sold for $14.5 million. Robert Bratley with CBRE’s Denver office facilitated the sale of the 69-unit, 41,850-square-foot portfolio on behalf of the seller, a local private investor. The buyer, also a local private investor, acquired the properties in …

READ MORE →
BrokerageOffice

Office Building at Inverness Business Park Sells for $9.3M

115 Inverness, a 55,706-square-foot office building situated on 2.5 acres located within Englewood’s Inverness Business Park, has sold for $9,362,500. The building was 85 percent occupied at the time of sale and serves as headquarters of local healthcare software developer, patientNOW, along with publicly traded tenants Tetra Tech and Ricoh. …

READ MORE →
BrokerageMultifamily

Luxury Apartment Building in SoBo Sells for $73.2M

Alta SoBo Station, a 187-unit, luxury multifamily community, located at 500 W Cedar Ave in Denver, has sold for $73.2 million, according to property records. Newmark Vice Chairmen Terrance Hunt and Shane Ozment and Executive Managing Director Chris Cowan represented the sellers–Atlanta-based developer Wood Partners and San Francisco-based Stockbridge on behalf of …

READ MORE →
BrokerageIndustrial

Etkin Johnson Sells Successful Business Park for $77M

Etkin Johnson Real Estate Partners has sold Enterprise Park Business Center for $77 million. The three buildings, totaling 461,224 square feet, are located at 10035 East 40th Ave., 10075 East 40th Ave., and 3801 North Havana Street and were fully leased at the time of sale. “Enterprise Park offers unparalleled connectivity …

READ MORE →
BrokerageHospitality

McWhinney Acquires Hotel Indigo

It was announced on Friday that The Hotel Indigo in LoDo has sold to Colorado-based McWhinney. The hotel sale, brokered by Cushman & Wakefield, closed for $38.5 million, according to property records. Hotel Indigo Denver offers 180 rustic-luxe guestrooms – all featuring hardwood floors, polished concrete ceilings, sliding barn doors …

READ MORE →
BrokerageIndustrial

Danhydra Moving HQ to Industrial/Flex Facility in Loveland

Danhydra, a provider of tool solutions for wind power, has signed a long-term lease for a two-building 95,742-square-foot industrial/flex facility at 5100 Boyd Lake Ave., Loveland. Headquartered in Denmark, Danhydra is relocating its Americas operation from nearby Commerce City. The Loveland facility, which underwent multiple remodel and expansions during 2012, 2013 and …

READ MORE →