Alpine Investments Secures $12.9M Loan for 39 Units in Denver
Alpine Investments has secured a $12.99 million construction loan for the construction of 39Tenn Apartments, a 39-unit multi-housing and retail development located at 3870 Tennyson Street in the Berkeley neighborhood of Denver. The 39Tenn development will be a total of 36,278 square feet, consisting of 39 upscale units totaling 31,633 …
Children’s Medical Center to Join New Saint Joseph Medical Office Pavilion in Denver
Children’s Medical Center (CMC) has pre-leased 8,699 square feet at Saint Joseph Medical Office Pavilion, a new medical facility delivering fall 2020 at 1818 Ogden Street in Denver. CBRE represented the developer, Fidelis Healthcare Partners from Dallas, Texas. CMC will relocate from its current location at 1625 Marion Street in the first quarter of …
Confluent Development and Bradbury Properties Execute Sale of Three Buildings in 100-Acre Highfield Business Park
Further solidifying the strength of Denver’s industrial market, development partners Bradbury Properties and Confluent Development have completed the sale of three buildings in Highfield Business Park, a 100-acre industrial hub located in Douglas County near the intersection of E-470 and Peoria Street. The three transactions cap off the partnership’s $100M …
Johnson & Wales University Denver Campus to Hit the Market
The Johnson & Wales University (JWU) Denver Campus will hit the market in September and CBRE has been hired as the exclusive brokerage service provider for the unique property. Located in the South Park Hill area, the campus is comprised of 13 buildings and approximately ±25 acres. Johnson & Wales University was …
Class A Industrial Distribution Facility at Centerra Trades
McWhinney’s Centerra Industrial Building IV, a newly constructed, Class A, 122,806-square-foot industrial facility with an adjacent parking lot at Centerra, a master-planned community in Loveland, has sold to Mark IV Capital for an undisclosed price. JLL marketed the property on behalf of McWhinney. Centerra Industrial Building IV is fully leased to …
Portfolio of Skilled Nursing Facilities Receives HUD Financing
Senior and long-term care management company Madison Creek Partners, has received $16,408,000 in financing for three skilled nursing facilities in central Colorado. The portfolio is comprised of Pioneer Health Care Center, a 29-unit facility in Rocky Ford, Paonia Care & Rehabilitation, a 28-unit facility in Paonia, and Glenwood Springs Health Care, a 29-unit facility …
Well-Positioned Strip Mall in Westminster Sells for $1.6M
A four-tenant strip center located at 2751 West 120th Avenue, Westminster, has sold for $1,641,000. Built in 2006, the 6,173-square-foot retail center is occupied by Edward Jones, Peak Physical Therapy, and Allied Healthcare Services. According to Peter Peluso, vice president, Legend Investment Group (LIG), a division of Legend Partners, who represented the seller, …
Rodeway Inn Hotel in Loveland Sells During COVID Shutdown
The Rodeway Inn, a 48-room hotel in Loveland, has sold for $2,875,000. The sale took place during the COVID-19 pandemic, which made the financing “extremely difficult,” according to Neville Rustomjee, first vice president investments at Marcus & Millichap’s Denver office. “Many SBA lenders will not finance new hotel acquisitions, and those …
Transwestern a Best Place to Work for Millennials
Great Place to Work® and Fortune magazine have named Transwestern Real Estate Services (TRS) one of the Best Workplaces for Millennials for the fourth time. Transwestern is the only third-party, full-service commercial real estate firm to be recognized. “To be recognized for our culture of empowerment, inclusion and innovation,” said Tom …
Landmark Corporate Center Refinanced
Landmark Corporate Center, a 210,557-square-foot, multi-tenant office building located at 5500 South Quebec Steet in the Denver Tech Center has received a $25,480,000 cash-out refinance. Landmark Corporate Center is currently 100 percent leased. The property is walkable to nearby amenities such as The Landmark, a 170,000-square-foot mixed-use center and the Orchard …