BrokerageRetail

Southfield Center in Centennial Sells for $11.7M

DENVER – Southfield Center, a 75,940-square-foot mixed-use center (retail and office), located at 12201 East Arapahoe Road in Denver, has sold for $11,765,000 ($155 per square foot). The buyer was a private entity located in Southern California. Jon D. Hendrickson and Aaron D. Johnson, Managing Directors, of Cushman & Wakefield …

READ MORE →
BrokerageInvestmentMultifamilyReports

Apartment Sector Sustains Positive Outlook, says Marcus & Millichap

DENVER – Marcus & Millichap recently released its 2019 Multifamily Investment Forecast Report that includes metrics and analysis of 50 metros across the U.S. and Canada. According to the report, accelerating household formation, underpinned by the tight labor market, will continue to support rental demand in 2019. Evolving recruiting practices and shifting demographics …

READ MORE →
AwardsBrokerage

Cresa Managing Principal Recognized as a CO Top 25 Young Professional

DENVER – Cresa, the world’s largest occupier-centric commercial real estate firm, is pleased to announce that Managing Principal Garrett Johnson has been named one of Colorado’s Top 25 Young Professionals by ColoradoBiz Magazine. The 25 honorees were selected by a panel of editors, business leaders and former winners based on …

READ MORE →
BrokerageIndustrial

Colorado’s Largest Industrial Portfolio Sells for $247.5M

DENVER — Etkin Johnson Real Estate Partners, a full-service, privately owned commercial real estate investment and development company based in Colorado, has sold its 1.95-million-square-foot Colorado Industrial Portfolio (CIP) to Berkeley Partners for $247.5 million. The sale marks Berkeley Partners’ first acquisition in the Colorado Market. “Bruce Etkin and David Johnson’s visionary …

READ MORE →
BrokerageDesignDevelopmentIndustrialOffice

$7.8M Purchase Positions Workplace ELEMENTS for Long-term Growth

DENVER — Workplace ELEMENTS, LLC, a full-service enterprise providing progressive furniture and architectural products, has purchased a 14,600-square-foot adaptive reuse building located at 2495 Blake St. in Denver’s Ballpark Neighborhood. Andy Cullen and Ryan Arnold of Tributary Real Estate, a fully integrated brokerage, development and investment firm based in Colorado, represented Traci Lounsbury, principal …

READ MORE →
BrokerageInvestmentProperty Management

Atlas Real Estate Group Announces New Employee Equity Ownership Plan

DENVER – Atlas Real Estate Group, a full-service realty group specializing in real estate investments, brokerage and property management, today announced the start of the company’s Employee Equity Ownership Plan. This new addition to the suite of Atlas employee benefits is introduced as the group continues to grow its presence throughout the greater …

READ MORE →
BrokerageDevelopmentMultifamily

EVIVA on Cherokee Sells for $110.5M

According to Denver County public records, The Integral Group, the owner and developer of Eviva Cherokee, has sold the 18-story apartment building located at 1250 Cherokee St. in Denver for $110.5 million. EQR1250 Cherokee LLC, which is registered to the same address as Chicago-based Equity Residential purchased the property. Equity Residential …

READ MORE →
BrokerageMultifamily

The Detroit and Detroit Terraces in Denver Sell for $19M

DENVER — The Detroit and Detroit Terraces, located at 1504 & 1530 Detroit Street in Denver’s City Park neighborhood, have sold for $19 million. Newmark Knight Frank Executive Managing Director Justin Hunt and Senior Managing Director Andy Hellman represented the undisclosed seller, in the transaction. “In 2011, the seller acquired a vacant …

READ MORE →
BrokerageDevelopmentFeatureIndustrialInvestment

Opportunity Beckons Denver’s Investors and Developers in 2019

By Katie Rapone Ever since opportunity zones were added to the tax code by the Tax Cuts and Jobs Act on December 22, 2017, investors, property owners and developers alike have been scrambling to make sense of the new law to better learn how to take advantage.  An opportunity zone …

READ MORE →
BrokerageConstructionDevelopmentIndustrialOfficeRetail

Denver Sets New Records Spanning Investment Sales Volume, Lease Rates and Absorption

DENVER – CBRE just released its Q4 2018 reports analyzing the year-end performance of metro Denver’s office, industrial and retail real estate sectors. Investment sales volumes soared for both the office and industrial sectors, while the office and retail sectors each recorded all-time high lease rates at the end of the year. Net …

READ MORE →