Rare ’90s Apartment Community in Colorado Springs Changes Hands
A 292-unit, 268,396-square-foot apartment community, called Advenir at Spring Canyon, located at 4510 Spring Canyon Heights in Colorado Springs, has sold for an undisclosed price. The buyer, who also was not named, anticipates a community rename along with upcoming renovations. Newmark Knight Frank (NKF) Executive Managing Director Kevin McKenna and Director …
CBRE Global Investor Acquires Westminster Apartment Community
A fund sponsored by CBRE Global Investors has acquired The Tenzing, a 320-unit multifamily property situated 25 minutes north of downtown Denver in Westminster. The acquisition of the property, which is located at 11674 North Pecos St., is aligned with the fund’s strategy of investing in target multifamily markets across …
Multi-tenant Industrial Asset in Aurora Sells for $9.9M
Moncrieff Business Center, a 101,406-square-foot industrial building located at 14603 East Moncrieff Place in Aurora, has sold for $9.9 million. The business center is fully occupied by PEPMOVE Precision Equipment Placement and GE Johnson Construction Co. Tyler Carner, Jeremy Ballenger, Jim Bolt and Jessica Ostermick with CBRE’s Denver office represented the seller, Berkeley Partners …
Rare, Small Office Building Sells in Centennial
NavPoint Real Estate Group has completed the sale of Southgate Commons Building A, a rare, small office building located at 7076 S Alton Way. Situated between Arapahoe Road and Dry Creek Road the building has easy access to I-25 and close proximity to a myriad of restaurants and retail businesses. Matt Kulbe of NavPoint …
Office Property Near Fiddlers Green Amphitheater Trades for $64.85M
Tuscany Village Center, a 257,875-square-foot office property in Greenwood Village, has sold for $64.85 million. JLL marketed the property on behalf of the seller, Crescent Real Estate, and procured the buyer, who was not disclosed at the time of publication. In addition, JLL worked on the new owner’s behalf to place a …
13-Unit Apartment Building in Cheesman Park Sells for $4M
Worwick, a 13-unit apartment property located at 1158 Marion St. in Denver’s Cheesman Park neighborhood, has sold for $4 million. Greg Parker and Greg Price, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. …
24-Unit Apartment Building Sells in High Rent Growth Area
A 24-unit, three story apartment building on Federal Boulevard in Denver has sold for $3,145,000 or $131,042 per unit. Built in 1962 the property is just five blocks south of the new $37 million Denver Health Clinic. The fully leased apartment building, located at 1877 S. Federal Boulevard, is 16,944 …
Tributary Real Estate Launches New CRE Lending Division
Tributary Real Estate, a Colorado-based fully integrated commercial real estate firm that offers a customized approach to brokerage, development and investment, recently launched a new commercial real estate lending division to provide the Colorado marketplace with efficient and competitively priced financing options. Tributary Lending focuses on non-recourse bridge loans for …
Denver Apartment Absorption to Hit Record High
Increasing development remains overshadowed by strengthening demand as the Denver metro is on track to log a 130-basis-point drop in two years amid the completion of 19,000 units, according to Marcus & Millichap’s fourth quarter Multifamily Outlook report. High-wage jobs in the urban core and Tech Center continue to benefit Class A …
Trends Set to Influence Holiday Retail Season
According to the National Retail Federation’s forecast, the U.S. retail market is anticipating a 4 percent sales gain this November and December from last year’s season. A new report from CBRE highlights the trends in store for retailers and shoppers this shortened holiday retail season, including an earlier start to holiday promotions, new collaborations …