BrokerageConstructionDevelopmentIndustrial

Silver Point Development Breaks Ground at Elevation25 in Mead

Silver Point Development has broken ground on Buildings 1 and 2 (94,076 SF and 109,676 SF respectively) of Phase I within Elevation25 industrial park located at Weld County Road 9-1/2 and Hwy 66 in Mead, Colo. With construction now underway, the two Class A buildings are anticipated to be completed …

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BrokerageDevelopmentIndustrial

The Home Depot Signs On as Lead Tenant of New I-25 Industrial Innovation Hub

The Home Depot will be the lead tenant at Access 25 Logistics Park, a 300-acre rail-served park, currently under construction located near the intersection of I-25 and CR 34, in Weld County. The home improvement giant will occupy a 386,000-square-foot, rail-served bulk distribution center. Broe Real Estate (BREG) is the …

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BrokerageOfficeProperty Management

Historic Brick and Timber Office Building in Denver Trades for $25.8M

Asana Properties, a vertically integrated real estate investment company, has purchased Hardware Block, a 54,125-square-foot, boutique office building located at at 1515 – 1527 Wazee in LoDo, for $25.8 million. JLL represented the seller, Unico Properties, led by Senior Managing Director Mark Katz, Managing Director Peter Merrion and Senior Director …

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BrokerageMultifamilyRetail

Two Denver Investment Firms Purchase Mixed-Use Property in Denver’s Berkley Neighborhood

In an off-market sale, Denver-based real estate investment firms Strat Ventures and Zeme Capital have acquired Lyric No. 39, a newly-built, six-story mixed-use development in Denver’s Berkeley neighborhood, from developer Alpine Investments. The $20.4 million purchase marks the first partnership between the firms and Strat Ventures’ fourth and largest investment in …

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BrokerageIndustrialLand Sales

7.14-Acres of Industrial Land in Denver Sells for $6.7M

Starpoint Properties, a real estate investment and operating company focused on the acquisition, development and redevelopment of multifamily and commercial properties, has purchased a 7.14-acre industrial land parcel in Denver for $6.7 million. The parcel, located at 1701-1761 E 68th Avenue, is zoned I-2 with outdoor storage permitted, allowing it to accommodate heavy industrial users …

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Affordable HousingBrokerageMultifamily

Hotel in Colorado Springs to be Converted into Affordable Housing

Texas investors SHIR Capital has purchased The Hotel Eleganté in Colorado Springs for $25 million. According to Capital Property Group, the brokerage firm that closed the sale, the 496-room hotel is among the largest in Colorado. SHIR will convert the hotel into affordable housing for entry-level workers. Capital Property Group Investment Advisor Bryan Rodriguez …

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Brokerage

Denver Community Church Seeks New Location

As part of its strategic plan to secure a new location, Denver Community Church(DCC) has sold its 18,155-square-foot location at 1101 S Washington St., in Denver, to Restoration Church for $3.1 million. Transwestern’s team of Kevin McKinnon and Craig Paton represented the DCC in the disposition and Savills’ Todd Roebken represented Restoration Church. “Denver Community …

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BrokerageMultifamilyRenovation

Value-Add Apartment Community in Windsor Receives Multi-Offers, Buyer Plans Extensive Renovations

Chestnut Square Apartments, a 116-unit multifamily property located at 601 Chestnut St in the town of Windsor, approximately 15 miles outside of Fort Collins, has sold for an undisclosed price. The property was acquired by 601 Chestnut, LLC from the Jones Family Trust and plans to reposition the property through an …

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AwardsBrokerBrokerage

Pinnacle Real Estate Advisors Congratulates Top Brokers 2021

Pinnacle Real Estate Advisors, LLC, a full-service commercial real estate brokerage firm, has awarded Josh Newell, principal, this year’s Top Producer award. This marks the tenth time in the past fourteen years that Newell has received Pinnacle’s top overall broker award. Newell also earned the Top Multifamily Broker award. “Josh …

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BrokerageConstructionDevelopmentFinance

Alpine Investments to Begin Construction of Six-Story Multifamily Project in Englewood

Developer Alpine Investments has received $24.9 million in construction financing for the development of a 119-unit, Class A, mid-rise apartment complex in the south Denver community of Englewood. JLL worked on behalf of Alpine Investments, to secure a $24.9 million30-month, floating-rate, non-recourse construction loan through a national bank, led by …

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