Colorado Springs Healthcare Portfolio Sells to Denver-Based Partnership

A 241,232-square-foot flex/office/healthcare portfolio in Colorado Springs, known as Interquest I-IV, has sold to a Denver-based private partnership. The portfolio consists of four single-story Class A buildings located at 9925, 9945, 9950 and 9960 Federal Dr situated within the larger Interquest Business Park. A sale price was not disclosed. At the …


1.3 MSF Fully Leased Denver Industrial Portfolio Changes Hands

Stockbridge, a San Fransisco-based real estate investment management firm, has acquired Denver Infill Portfolio, a collection of eight industrial buildings totaling over 1.3 million sq. ft. in metro Denver for over $198 million, according to Denver property records.The sale is Colorado’s third-largest industrial disposition on record by sales price and fourth-largest by total …


TruAmerica Multifamily Acquires Thornton Apartment Community

Los Angeles-based TruAmerica Multifamily has added to its extensive holdings in Colorado with the acquisition of Village on Cypress, a 220-apartment home community in Thornton, in an off-market transaction. The garden-style community is located at 8960 Cypress Drive just nine miles north of downtown Denver. Major employers in the region …


Apartment Building in Wash Park Sells to California-Based Buyer

Domain at Wash Park, a mid-rise multifamily property, located at 300 South Lafayette Street in Denver, has sold for $9 million, $450k per unit, or $548 per square foot, to an undisclosed California-based buyer. The property was 95 percent occupied at the time of the sale. Senior Directors Nick Steele and John Laratta and Directors …


Denver Office Market Sees First Quarter of Positive Absorption in Two Years

According to Newmark’s newly-released Q1 2022 Denver Office Market Report, with the new year and the pandemic numbers continuing to drop, employers have once again started to set plans for returning employees to the office. Office activity in Denver has picked up across all submarkets and industry types, although medium- and small-sized tenants remain …


Former Elks Lodge to Become Live Music Venue in Loveland

Elks Lodge in downtown Loveland has sold to Michael Pelphrey, a local private investor, for $1.85 million. Pelphrey has purchased the 100-year-old building with a vision to create a live performance venue. Located at 103 East 4th Street, the historic property was originally constructed in the early 1900s to serve as a …


236-Residence High Rise to Break Ground in DTC Later this Month

Legacy Partners, a privately-held national real estate firm, and Pacific Life, a provider of equity and debt capital to the real estate market, will break ground this month on Araceli DTC, a 236-residence Class A, NGBS Green Certified Gold high-rise in Denver. “Araceli DTC will be a market-leading multifamily high-rise project …


Partnership Acquires First Multifamily Property in Colorado

Commercial real estate firms Hamick Asset Management, Elevate Property Partners, BluSky Equity Partners, and Vista Laguna Asset Management have acquired Fairview Apartments in Aurora, their first joint acquisition in Colorado. The new ownership group intends to further improve Fairview’s exterior appearance and amenities, expand the office, and continue a proven template for interior …


Last Remaining Large Development Site in LoHi Sells for $10M

Carmel Partners, an institutional investment manager based in Denver, has purchased one of the last remaining large development sites in the Denver Highlands neighborhood for $10 million. The 50,318-square-foot land assemblage is comprised of 2800 N Speer Blvd and 2801, 2831, 2839, and 2845 Firth Ct., and is zoned for 5-story mixed-use development. According to …


Multifamily Asset Sale in Aurora Sets New Record

According to Marcus & Millichap, Fairview Apartments, a 100-unit multifamily asset in Aurora, has sold for $27.6 million, or $276,000 per unit. The sales price and price per unit are the highest on record for multifamily properties built in Aurora before 1980. “Constructed in 1974 and renovated in 2018, Fairview …