$30M Refinancing Secured for Forbes Five-Star Resort in Telluride
JLL Capital Markets recently arranged a $30 million refinancing for The Madeline Hotel, Auberge Resorts Collection, an 83-key luxury resort with 56 separately-owned condominiums in the popular mountain town of Telluride. JLL worked on behalf of the borrower, Flynn Properties Inc., to secure the five-year, floating-rate loan through Värde Partners. The …
New York Investor Acquires 15-Unit Apartment Property in Highly Coveted Denver Neighborhood
815 East Ellsworth Apartments, a 15-unit apartment property near Cherry Creek Mall, has sold to Ninth Square Real Estate Partners, a New York-based real estate investment company whose partners have over three decades of combined experience generating superior returns for their investors with a track record including $1.5 billion of value-add …
Natural Object Closes on First Acquisition
Natural Object, the Denver-based development firm spearheaded by former Zeppelin Development leadership, has acquired the building at 2839 W. 44th Avenue, a mixed-use property in the Sunnyside neighborhood of Denver. The two-story building was constructed in 1952 and will be renovated and repositioned to include independent retail on the ground floor and creative …
Five-Property Portfolio Near Meow Wolf Denver Sells for $7.35M
A five-property portfolio west of I-25 in Denver’s Lincoln Park neighborhood, comprised of five addresses along seven parcels of land, has sold to KSE Revesco Zuni, LLLP, for $7.35 million. The properties including 1380 and 1432 N Zuni St. and 1940, 1948 and 1950 W 14th Ave, consist of three …
Sale of Parker Retail Asset Highlights Shift in Investor Demand for Suburban Retail Centers
Parker Keystone, a 16,600-square-foot trophy asset located at 19240-19250 East Lincoln Avenue in Parker, has sold to a publicly traded REIT. Cory Gross, first vice president of investments in Marcus & Millichap’s Denver office, arranged the transaction on behalf of Armstrong Capital Development (ACD), a private development company. “This sale highlights the shift …
Face Foundrie to Open First Denver Location in Cherry Creek North
Face Foundrie, an all-inclusive focused facial bar providing facials, lashes, brows and skincare services, will open its first Denver location on Feb. 3, 2023, in the Cherry Creek North shopping district next month at 2630 E 3rd Ave. Michele Henry founded the brand in 2019 after the birth of her third …
Waste Management to Triple its Industrial Footprint in Englewood
Garbage collection and recycling giant Waste Management has signed a 10-year lease renewal at 1640 W. Union Ave. in Englewood. Waste Management will significantly expand its footprint, more than tripling its current two-acre industrial space to occupy all seven acres of the property. Brokers Adam Hubschman and Paul Cattin of NAI Shames Makovsky, …
Cadre Sells Portfolio of Four Office Parks in Colorado Springs
Cadre, the technology-driven real estate investment manager, today announced the successful sale of an office portfolio in Colorado Springs. The Colorado office portfolio, comprised of four office parks (Interquest, Patriot Park, Aerotek Commerce Park, and Peak Innovation), was sold in October 2022 for an undisclosed amount. Cadre’s investment in the portfolio generated …
Amplify Development Company Grows Presence in Colorado with Student Housing Acquisition
Amplify Development Company, a national real estate development and investment management company with ties to Colorado, has expanded its student housing-focused portfolio in the state, acquiring the Vista Apartments across from the University of Denver for $41.3 million. The acquisition is the firm’s third in Colorado and second near the …
PrimeSource Building Products Signs 170,300 SF Lease at HighPoint Elevated Industrial Park
PrimeSource Building Products, the single-source, trusted provider of the products needed for nearly every phase of construction, has leased 170,300 square feet at HighPoint Elevated, a 5.5 million-square-foot industrial park in Aurora. The global building products distributor will relocate from its existing Denver location to occupy space in HighPoint Elevated’s Building 1, …