Brokerage

Lowe, a national real estate investor, developer and manager, has acquired 7979 E. Tufts, a 366,184-square-foot, Class A office tower in Southeast Denver. Built in 1982, the 18-story building, also known as Stanford Place II, is located in the Denver Tech Center. “7979 E. Tufts is a modernized office building, …

By Katie Rapone, editor of Mile High CRE Companies like Airbnb have proven the power of the shared economy in real estate. A new Denver-based online platform that lists vacant or underutilized commercial properties for rent, hopes to capitalize on that. Today, REACTIV announces its company launch. The startup is reimagining the …

TerraCap Management LLC, a privately held investment firm headquartered in Estero, Florida, has acquired Centerpoint Office Center I & II in Denver, for $77,517,500. The acquisition consists of two multi-story office buildings totaling 373,724 rentable square feet. The seller, Investcorp International Inc. and Schnitzer West, was represented by Tim Richey …

Timber Lodge apartments, a 390-unit, multifamily community in Thornton has changed hands. Comprised of 15 two and a half-story buildings, the apartments sold to Los Angeles-based investment firm, Gelt, Inc for $61 million, according to Adams County public records. Vice Chairmen Terrance Hunt and Shane Ozment of Newmark Knight Frank provided …

SF Partners, a real estate investment firm based in Miami, has purchased Yosemite Office Plaza, located at the intersection of South Yosemite Street and East Hampden Avenue in Denver, for $13.35 million sale. CBRE’s James Brady, Campbell Davis, Mike Winn, Jenny Knowlton and Tim Richey represented the seller, Sperry Properties of Irvine, Calif. CBRE’s John Marold, …

Cushman & Wakefield recently released its Q3 Tenant Report which compares the Mile High City’s population growth, employment, education and cost of living to 12 other large U.S. cities. According to the report, Denver remains a desirable place to live and work. Report Highlights: Denver’s unemployment remains well below the …

Stapleton Plaza Office Center, a 10-story office building totaling 131,949 square feet, located at 3401 Quebec Street in Denver, has sold for $12.575 million. Denver-based Ogilvie Properties purchased the office building and is planning an extensive capital improvement campaign that includes renovations to tenant spaces, HVAC systems, parking garages and common areas. CBRE’s Patrick Devereaux represented the seller, Holualoa …

Denver-based development and property management company LCP Development has secured $25 million in financing for 777 and 757 Grant Street in Denver. 777 Grant Street is a vintage office building that will be renovated and repositioned while 757 Grant Street is a Class A, ground-up multifamily development. JLL worked on behalf …

Bascom Northwest Ventures, LLC has acquired 1000 South Broadway Apartments (“1000 South Broadway”), a 260-unit Class-A infill apartment community at 1000 South Broadway in Denver, for $90.5 million acquisition ($348,076/unit). Terry Daly of Cushman & Wakefield arranged the $54.50 million loan with Wells Fargo Bank. The property management team will be Avenue 5 Residential. The …

Summit Marketplace, a 14,339-square-foot retail property located at 385 Crossing Drive in Lafayette, has sold for $4,500,000. Cory Gross and Jake Shirek, investment specialists in Marcus & Millichap‘s Denver office, had the exclusive listing to market the property on behalf of the seller: Harvey Sender, receiver for Gary Dragul Receivership Estate. …