BrokerageDevelopmentMultifamily

EVIVA on Cherokee Sells for $110.5M

According to Denver County public records, The Integral Group, the owner and developer of Eviva Cherokee, has sold the 18-story apartment building located at 1250 Cherokee St. in Denver for $110.5 million. EQR1250 Cherokee LLC, which is registered to the same address as Chicago-based Equity Residential purchased the property. Equity Residential …

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BrokerageMultifamily

The Detroit and Detroit Terraces in Denver Sell for $19M

DENVER — The Detroit and Detroit Terraces, located at 1504 & 1530 Detroit Street in Denver’s City Park neighborhood, have sold for $19 million. Newmark Knight Frank Executive Managing Director Justin Hunt and Senior Managing Director Andy Hellman represented the undisclosed seller, in the transaction. “In 2011, the seller acquired a vacant …

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BrokerageDevelopmentFeatureIndustrialInvestment

Opportunity Beckons Denver’s Investors and Developers in 2019

By Katie Rapone Ever since opportunity zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017, investors, property owners and developers alike have been scrambling to make sense of the new law to better learn how to take advantage.  An opportunity zone …

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BrokerageConstructionDevelopmentIndustrialOfficeRetail

Denver Sets New Records Spanning Investment Sales Volume, Lease Rates and Absorption

DENVER – CBRE just released its Q4 2018 reports analyzing the year-end performance of metro Denver’s office, industrial and retail real estate sectors. Investment sales volumes soared for both the office and industrial sectors, while the office and retail sectors each recorded all-time high lease rates at the end of the year. Net …

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BrokerageDevelopmentIndustrial

Becknell Industrial Completes Second Land Acquisition at Nexus at DIA

DENVER – Schuck Communities & CH Thompson Company have sold 39.81 acres of industrial land within Nexus at DIA, a master-planned business park, located at 84th Avenue and Quintero Street in Commerce City. Becknell Industrial, specialists in the development, investment and management of industrial properties across the U.S., purchased the land …

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ArchitectureBrokerageCondominiumConstructionDevelopmentMultifamily

Unique Properties Announces Largest For-Sale Development in Louisville History

LOUISVILLE – Greystone Unique Apartment Group recently announced the sale of 301 & 333 East St., in Louisville, for $5 million. This rare & unique transaction is the culmination of two years of planning and development by Mike Eisenstein of Land Capital. It represents the largest such deal in the history …

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BrokerageDevelopmentMultifamily

16.26 Acres in Thornton Zoned for Multifamily Sells for $4.7M

THORNTON — NavPoint Real Estate Group has completed the sale of a multifamily land deal on the Northwest corner of E 128th Ave and Washington Street in Thornton, totaling 16.26 acres. The land is approved for 283 apartment units and is located in close proximity to the future East Lake commuter rail stop, the …

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BrokerageFinanceMultifamily

CBRE Arranges $83.2M Loan, Arvada Newly Built 352-Unit MultiFamily Development

DENVER — CBRE Capital Markets’ Debt & Structured Finance team has arranged an $83.2 million loan for the newly developed Solana Olde Town Station, a 352-unit multifamily property near Denver. Bill Chiles, Scott Peterson, Morgon Fraser and Brian Cruz of CBRE’s San Diego office secured the Freddie Mac debt on behalf …

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BrokerageOffice

1601 Wewatta in Downtown Denver Sells for $222M

DENVER — 1601 Wewatta., a 300,000-square-foot office building in Denver’s Union Station neighborhood has sold for $222 million, according to Denver County public records. The sale is the third highest in the Denver metro for 2018, behind 1801 California St.’s partial sale for $285 million and 1670 Broadway’s sale for $238 …

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BrokerageConstructionDevelopmentIndustrialOffice

New 380K SF Facility to be Built at Denver’s “Aerotropolis”

DENVER — A new 380,000-square-foot build-to-suit manufacturing/office facility will be built at Porteos, a commercial mixed-use development that is part of Denver’s expanding “Aerotropolis” development. The site will be home to Kärcher North America’s new North American headquarters with 280,000 square feet of manufacturing facility and 100,000 square feet in office space. …

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