BrokerageOffice

Cherry Creek Plaza Fetches $54M

TerraCap Management LLC, a privately held investment firm out of Estero Florida, has acquired Cherry Creek Plaza in Glendale for $54 million. Cherry Creek Plaza is comprised of two thirteen-story office buildings totaling 335,000 square feet of Class A office with structured parking.  The property features numerous amenities, including a newly renovated …

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BrokerageOffice

In-Demand Office Building Sells in Cherry Creek North

A 6,857-square-foot office building located at 180 Adams Street in Cherry Creek North has changed hands. With undeveloped sites few and far between in this submarket, existing office buildings with potential for redevelopment are in high demand. Monica Wiley and Jeff Wood with CBRE Capital Markets represented the seller, Pete Perry and …

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AwardsBrokerage

Local Brokers Receive Prestigious 2019 CoStar Power Broker Awards

CoStar Group — the leading global provider of commercial real estate information, analytics and online marketplaces— has announced this year’s Power Broker Award recipients, recognizing the industry’s brokers, power players, and deal makers who closed the highest transaction volume in commercial real estate deals in their respective markets in 2019. For 20 years, …

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BrokerageLand SalesMultifamily

1.65-Acres Adjacent to Broncos Stadium to be Redeveloped

Minneapolis-based The Opus Group has purchased a 1.65-acre land parcel at 19th & Clay in Denver. Newmark Knight Frank (NKF) Multifamily arranged joint venture equity for the development of a future 277-unit luxury apartment development. The vacant lot and parking garage are located adjacent to the Broncos Stadium Redevelopment in the thriving …

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BrokerageMultifamily

Greeley Apartment Sale Sets Region’s Record for Price per Square Foot

TRR Apartments, a 16-unit apartment community located at 824-828 12th St. in Greeley, has sold for $1,750,000. According to Skyler G. Cooper, regional manager of Marcus & Millichap in Denver, the sale of the asset has set a new record in the region for price per square foot. Matthew Beverly, …

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BrokerageDevelopment

BREAKING NEWS: Funding Approved for River Mile Redevelopment of Elitch Gardens

Plans for the massive redevelopment of Elitch Gardens Theme and Water Park took a major step forward today as JLL Capital Markets announced it has arranged $124.6 million in refinancing for the park on behalf of the borrower, a partnership of Kroenke Sports and Entertainment (KSE) and Revesco Properties. Loan proceeds will be …

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BrokerageMultifamily

Vintage Asset in Capitol Hill Sells for $8.4M

New York-based Urban American Management has purchased The Kentom Apartments, a four-story, 32-unit, Victorian-era community located at 1540 Grant Street in Denver. The apartments sold for $8,450,000, marking Urban American Management’s second acquisition in metro Denver. Executive Managing Director Justin Hunt, Senior Managing Director Andy Hellman, Associate Director Ryan Cohn and Transaction …

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BrokerageDevelopmentIndustrial

CBRE Awarded Leasing Assignment for HighPoint Logistics Park

CBRE has been awarded the exclusive leasing assignment for HighPoint Logistics Park, a 2.2 million-square-foot Class A industrial park currently in development at E-470 and 64th Avenue in Aurora. Daniel Close, Todd Witty, Tyler Carner, and Jeremy Ballenger with CBRE’s Industrial & Logistics practice in Denver are marketing the property.  …

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BrokerageOfficeRetail

Office Property in Sought-After Bonnie Brae Neighborhood Sells for $1.5M

An office property located at 1280-1288 South Clayton Street in Denver’s Bonnie Brae neighborhood, has sold for $1.485 million. Monica Wiley and Jeff Wood with CBRE Capital Markets in Denver represented the seller, the Estate of Carol L. Bethune from Denver. Endo of Cherry Creek Properties, LLC, also from Denver, purchased the …

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BrokerageConstructionMultifamily

Newly Constructed Residential Tower in Downtown Denver Refinanced

The Quincy, a newly constructed, Class A, 359-unit, high-rise residential tower located in downtown Denver’s financial district, has received $125 million in financing that will be used to refinance the borrower’s construction loan. JLL worked on behalf of the borrower, a joint venture between 1776 Curtis, LLC and Pacific Life Company, to secure …

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