Essex Originates $5.0 Million Acquisition Loan
Denver, CO – Essex Financial Group has arranged a $5.0 million non-recourse loan for the acquisition of the Wheeler Block Building. The Wheeler Block Building is a 6-story, 33,000 square foot brick and timber office building located in Denver’s vibrant Lower Highlands neighborhood. The Wheeler Block Building was ~75% occupied at closing. …
Marcus & Millichap Completes Sale Mimi’s Cafe
Colorado Springs, CO – Marcus & Millichap, commercial real estate investment services firm, announced the sale of a net leased Mimi’s Cafe located in Colorado Springs, Colo., according to Richard A. Bird, regional manager of the firm’s Denver office. The asset sold for $3,362,500. The seller, a limited liability company, was …
Redevelopment, Rehabilitation and New Opportunities for the Emily Griffith Opportunity School Site
WHEN: Wednesday, March 16, 5:30 – 7:00 p.m. WHAT: Historic Denver, Inc., Denver Public Schools (DPS) and the Downtown Denver Partnership will host a community meeting this evening,Wednesday, March 16, 2016 for the public to hear the latest developments on the designation plans and the future redevelopment opportunity of the former …
Jackson Square $75.1M Trade Transaction – Sells One Apartment Complex in Denver, Buys Another
Denver, CO — Jackson Square Properties has sold the 345-unit Villas at Parker apartment community in Denver to Advenir. The seller used the proceeds from that sale to acquire the 185-unit Arapahoe Club, another apartment community in Denver. Though prices were not given on the individual transactions, the entire trade …
Inaugural Launch: Denver Commercial Real Estate in the Spotlight
As the regional focus for the inaugural launch of Mile High CRE and NAIOP Colorado‘s benchmarking commercial real estate awards, Denver continues to find itself in the spotlight. With such honors as Forbes’ #1 place for business and careers to the U.S. News and World Report #1 city to live, Denver and its …
Two North Denver Multifamily Properties Just Sold by CBRE
Carrick Bend Located at 11525 Community Center Drive in Northglenn, Carrick Bend was built in 2014 and includes 228 units. Starlight Investments Acquisition, LLC, of Toronto, Ontario, purchased the property for $47.88 million in a sale that closed Feb. 11. Dave Potarf, Dan Woodward and Matt Barnett of CBRE Denver Multifamily Investment …
Commercial Real Estate Market Warning Signs: Value vs. Volume
View here The dollar number of CRE transactions is up from this time last year, but the volume of transactions is down from January 2015 according to recent report from Real Capital Analytics. Data indicates some warning signs in the CRE market.
CBRE Completes $83.5M Sale of Central Park Tower
CBRE Group, Inc., announced this week the $83.5 million sale of Central Park Tower. The 297,672-square-foot Class AA LEED Gold office property is located at 385 Interlocken Boulevard in Broomfield, Colorado. The seller was FSP 385 Interlocken LLC of Wakefield, Massachusetts, and the buyer was GEM Realty Capital, Inc., of …
Broe Real Estate Group Updates Leadership Team for Growth
Industry Veterans Walter Armer and Andy Poremba join to strengthen new residential projects Broe Real Estate Group, an affiliate of The Broe Group, announced two additions to its leadership team to augment the company’s asset management, development and construction capabilities. Walter Armer joins as Vice President, Development and Portfolio Management …
World Trade Center Denver Selects Site and Development Team for New Global Campus
The World Trade Center Denver, a trade association with a million dollar brand and global recognition, selects the TOD (Transit Oriented Development) site located at 38th and Blake Street in the revitalized River North Art District (RiNo) neighborhood for a New World Trade Center Global Campus. The site is located …