Courtyard by Marriott in Aurora Sells for $27.9M
The newly constructed, four-story, 141-room Courtyard by Marriott Denver-Aurora hotel in Aurora, recently sold to Legendary Capital for $27.9 million. Completed in 2020, the hotel is located directly behind the 2nd Avenue & Abilene light rail station near the University of Colorado Anschutz Medical Campus. Denver’s completely redesigned Rocky Mountain …
Global Investment Firm Acquires Westminster Industrial Park
KKR, a global investment firm, has acquired Park 12 Hundred, a three building industrial park totaling approximately 290,000 square feet in Westminster. Park 12 Hundred is KKR’s first industrial real estate acquisition in Denver. The property was completed in 2018 with state of the art features and is located near …
Graham Street Realty Sells Boulder Office Building
San Francisco-based commercial real estate firm Graham Street Realty (GSR) recently sold 5665 Flatiron Parkway in Boulder, for an undisclosed amount. GSR purchased the asset in February 2019, as a part of a three-property portfolio that includes 3005 Center Green Drive and 2945 Wilderness Place, totaling a combined 114,862 square feet of leasable …
Class A Denver Office Tower Refinanced
JLL Capital Markets recently arranged a $54 million refinancing for 1660 Linc, a 31-story, 298,888-square-foot, Class A office building located at 1660 Lincoln St. in Denver’s popular Uptown area. 1660 Linc is a LEED Gold-certified building that was originally built in 1972. JLL worked on behalf of an entity, owned by …
Report Examines Potential Impacts of Changes to Tax Deferral Program
Hamilton Zanze, a longtime multifamily investor in Denver and around the country, in partnership with CBRE, released a report last week that details the potential impacts of changes to the 1031 Exchange tax deferral program. While potential changes are still a moving target under the Biden Administration, the report reveals important considerations that …
DMCAR Announces Heavy Hitters Award Winners
During a virtual awards ceremony held on Friday March 5, the Denver Metropolitan Commercial Association of REALTORS® (DMCAR) honored its top commercial real estate producers of 2020 in land, industrial, multi-family, office, investment, retail, and small office broker categories at the association’s annual Heavy Hitters Awards. In addition, DMCAR recognized …
111-Unit Multifamily Property in Loveland Sells for $25.5M
Denver-based Woodspear Properties has acquired The Buttes, a 111-unit, three-story multifamily property in Loveland, for $25.5 million. “The Fort Collins/Loveland metro area has been the one of the fastest-growing economic regions in Colorado over the past decade and Northern Colorado’s diverse mix of industries, which includes manufacturing, high-tech and higher education, helped shield …
EverWest Acquires Two-Building Industrial Portfolio in Aurora
EverWest Real Estate Investors has acquired Tower Business Center, a new, two-building industrial portfolio in Aurora, for $66.45 million. The portfolio totals 422,961 square feet and is fully occupied by Tempur Sealy and Sprouts Farmers Market under full-building, long-term leases. “This was a rare opportunity to capture Class A product located …
3-Building Office Complex in Colorado Springs Sells for $11M
Garden Gateway Plaza, a three-building office complex in Colorado Springs, has sold to Idaho-based Alturas Capital in an off-market transaction, for $11.2 million. Located at 1355, 1357 and 1365 Garden of the Gods Road, Garden Gateway Plaza totals 115,052 square feet on 7.42 acres. The property was 92 percent leased at …
Energy Efficient Building in Golden Sells for $30.5M
Signature Centre, a five-story Class A office building located at 14143 Denver West Parkway in Golden, has sold to Vista Investment Group for $30.475 million, marking the Los Angeles-based real estate investment firm’s entry into Colorado. Vista plans to pursue increasingly larger, core-plus, value-add and distressed opportunities throughout the Western states …