Geothermal-Powered Apartment Community in Brighton Sells for $72M

Last week, a 288-unit, geothermal-powered apartment community in Brighton, sold for $72 million in an off-market transaction. Elements at Prairie Center, located at at 3128 Eagle Boulevard is the second 100-percent geothermal apartment community the ownership partnership of Littleton-based C&A Companies and Delaware-based Commonwealth Group, has developed in the Brighton area. CBRE’s Dan …


Boulder Office Building Sells for Just Shy of $10M

An investment partnership led by Element Properties, a Boulder-based real estate developer and investor, has sold View 57 for $9,950,000 or approximately $327 per square foot. The 30,464-square-foot office building located at 1855 S. 57th Court in Boulder was purchased by McGarvey’s Shoal LLC. “View 57 is a 100 precent leased, newly transformed …

Affordable HousingBrokerageMultifamily

Mix of Market-rate and Affordable Units Planned for Longmont

Massimino Development and Origin Investments will develop a 280-unit, Class A apartment project called Farm Haus, in the north Denver suburb of Longmont. Of the 280 units, 247 will be market-rate and 33 will be designated as affordable. JLL worked on behalf of the developer to provide $50.4 million in …


Gart Properties Acquires Orchard Plaza, Building on Strong Colorado Footprint

Gart Properties LLC, a Denver-based privately held real estate company has acquired the 155,000-square-foot retail and service center, Orchard Plaza, located in the heart of the Denver Tech Center, at the northwest corner of East Orchard Road and South Yosemite Street. A purchase price was not disclosed. The center’s tenants include Primrose School, Starbucks, Federal Express and …


Broe Real Estate Acquires Dry Creek Medical Office Building

Broe Real Estate Group (BREG), a private real estate investment firm and affiliate of The Broe Group, headquartered in Denver, confirmed the $15.6 million acquisition of a 57,257-square-foot medical pavilion located on 4.23 acres at 125 Inverness Drive East, Englewood. Constructed in 2000, the three-story multi-specialty medical building located in Arapahoe County is uniquely located proximate …


Panasonic “Smart Building” Sells for $22M

The LEED Gold-certified “smart building” home to Panasonic Enterprise Solutions (PESCO) located at 6144 North Panasonic Way at Denver’s Peña Station Next, has sold for $22 million. Tyler Carner, Jeremy Ballenger and Jim Bolt with CBRE represented the seller, Denver-based Westfield Company, Inc. The buyer, NewStreet Properties, LLC, of Omaha, purchased the industrial flex property …


Brinkman Acquires Large Retail/Office Center in Steamboat Springs

As part of their strategic acquisitions plan, real estate development and investment company Brinkman, has acquired a significant retail/office center in Steamboat Springs, CO, off Highway 40 and Pine Grove Road. The 67,000-square-foot property, Sundance @ Fish Creek, is in a prime location between the downtown corridor and the popular Steamboat ski …


CapRidge Partners Now Largest Investor in Northwest Denver Office Market

With the purchase of 10955 Westmoor Drive, and 11400, 11300, and 11000 Westmoor Circle in Westminster, CapRidge Partners is now the largest owner in terms of square footage in Northwest Denver market. Their complete portfolio is now 633,042 square feet. Portfolio overview: Building 7: 10955 Westmoor Drive – 205,013 square feet Building …


Denver Office Industrial and Retail Sectors Look Strong in Q2

Metro Denver’s office, industrial and retail real estate sectors posted healthy performance in the second quarter of the year according to CBRE’s Q2 2019 MarketView reports. “The office sector performed notably well, with near record-level absorption, rising lease rates, robust construction activity and strong sales volume. The industrial sector saw nearly 1 …


Benchmark Commercial Joins Exis Global Tenant Representation

Colorado commercial real estate company, Benchmark Commercial, has partnered with Exis Global Tenant Representation, a global commercial real estate organization committed exclusively to representing commercial tenants and end users. As the first company in the Denver market to be a part of the Exis platform, Benchmark will have access to the organization’s global resources …