BrokerageMultifamily

Cherry Creek Apartment Portfolio Sells for $56.35M

DENVER – A three-property multifamily portfolio located in Denver’s Cherry Creek neighborhood — one of the immediate area’s last remaining large-scale value-add offerings — has sold for $56.35 million. The portfolio includes The Rise at Cherry Creek located at 848 South Dexter, The Edge at Cherry Creek located at 4600 East Kentucky Avenue …

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BrokerageMultifamily

Broomfield Apartment Community Sells for $106M

The Connor Group A Real Estate Investment Firm based in Ohio has purchased Terracina Apartment Homes in Broomfield, for $106M. The Connor Group reportedly purchased the community as part of a four-property $618 million buy that also includes properties in Chicago, Raleigh, Atlanta, Dallas. Terracina Apartements is 386-unit community developed by Catalina Development …

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BrokerageInvestmentMultifamily

CapitaLand of Singapore Purchases 5 Denver Apartment Buildings

According to the Denver Business Journal, CapitaLand, of Singapore has purchased five Denver apartment buildings. The buildings are part of a portfolio of 16 U.S. multifamily properties bought for $835 million. The Sienna at Cherry Creek complex, located 1939 S. Quebec Way, has 220 units and was purchased for $40.6 million. …

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BrokerageDevelopmentRetail

SoulCycle Opens Studio in St. Paul Collection, Cherry Creek

DENVER — SoulCycle, the country’s premier full-body indoor cycling and lifestyle brand, is thrilled to announce the opening of its first ever studio in Colorado. The studio, located at 265 St. Paul Street in the second tower of BMC Investment’s St Paul Collection development in the Cherry Creek North neighborhood, …

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BrokerageIndustrialOfficeRetail

Strong Absorption and Record Lease Rates a Common Theme in Q3

DENVER – CBRE recently released its Q3 reports analyzing the recent performance of metro Denver’s office, industrial and retail commercial real estate sectors. Across all sectors, strong absorption and record or near-record lease rates was a common theme while construction activity slowed from earlier in the year. In total the three sectors recorded …

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BrokerageOffice

Kentwood Real Estate Open Office in Fort Collins

FORT COLLINS — Kentwood Real Estate has opened a new office, named Kentwood Northern Properties, located at 2510 East Harmony Road suite 202 in Fort Collins. The REALTORS® joining to form the Kentwood Northern Properties team are top-producing brokers Shirley Watson, who will be the office’s employing broker, Catherine Rogers, residential broker-associate, Andrea …

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BrokerageDevelopment

Rocky Mountain Rail Park Coming to East Denver

According to Rocky Mountain Resources (RMR), a 620-acre plot of land is to become the largest rail-served industrial park in the Denver Metro Area. Located at I-70 and Manilla Road, just east of Colorado Air and Space Port, Rocky Mountain Rail Park will offer the only Union Pacific rail sites …

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BrokerageMultifamily

Hamilton Zane Acquires Keystone Apartments in Northglenn

DENVER – Real estate investment firm Hamilton Zanze (HZ) has acquired the 208-unit Keystone Apartments in Northglenn. The $39.5 million purchase closed October 11th. ARA, A Newmark Company represented the seller – Aukum Group – in the transaction. Built in 1986, Keystone Apartments is located at 12150 Race Street in Northglenn. The property is just one …

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aerial view of Fort Collins downtown in sunrise light, shot from a low flying drone
BrokerageReports

Northern Colorado’s Retail Development on the Rise

FORT COLLINS — Rising lease rates was a common theme across all of Northern Colorado’s commercial real estate sectors, according to CBRE’s newly released first half of 2018 MarketView reports. But while construction is limited in office and industrial, new retail development is actually on the rise, reaching nearly 675,000 square feet underway …

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BrokerageHospitalityOfficeRetail

Mixed-use Development in Downtown Denver Receives $110M Financing

DENVER – Continuum Partners, LLC, a progressive Denver-based development firm specializing in building urban mixed-use developments has secured $110 million financing for A Block, a 310,055-square-foot mixed-use development comprising the 200-key Kimpton Hotel Born; a 54,976-square-foot, Class A office building with ground-level retail space; and a 197-space parking garage in downtown …

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