Becknell Industrial to Develop Industrial Distribution Facility in Commerce City
According to Cushman & Wakefield, Becknell Industrial has purchased two land sites totaling 170 acres, along with a subsequent lease for a brand new 1-million-square-foot build-to-suit distribution location for a yet to be named national home improvement retailer, in Commerce City. Becknell purchased the land for a combined $22.4 million, according …
New Preschool Coming to Sterling Ranch in Douglas County
Construction is set to begin on a Primrose private pre-school at Sterling Ranch, a 21st century master-planned community in Douglas County. The school is scheduled to open in Sterling Ranch in late 2021. The architect is Galloway and the general contractor is AD Miller Construction Services. “We’re very excited to welcome Primrose to …
Newly-Built Apartments in Longmont Trade for Record Price
According to Brinkman Real Estate, Union Pointe, an eight-building apartment community in Longmont, has traded to Minneapolis-based Centerspace, a publicly traded real estate company focused on multifamily. The property was sold for $76.9 million ($300,390/unit), marking a record-high multifamily transaction for the Longmont market. Brinkman developed the property in partnership with Jensen LaPlante Development and …
Essex Forms Strategic Finance Partnership
Essex Financial Group (“Essex”) has formed an exclusive correspondent relationship with PGIM Real Estate to source loans intended for sale to Fannie Mae and Freddie Mac. With this relationship, Essex will work with PGIM Real Estate’s origination team in the Rocky Mountain region and have access to their DUS and Optigo lending platforms. …
Restoration Hardware Invests $105M in Aspen Portfolio
Restoration Hardware (RH), a curator of design, taste and style in the luxury lifestyle market, announced it is making an initial equity investment of approximately $105 million in connection with real estate development initiatives in Aspen. The investment includes properties that will be developed into retail locations, hospitality concepts, residential …
Townhouse Property in Cherry Creek North Fetches $575k Per Unit
The Townhouses at Cherry Creek North, a luxury multifamily community located at 101 Harrison Street in Denver, has sold for $6.9 million, or $575,000 per unit – representing the most expensive per-unit, arms-length multifamily transaction recorded in Denver. Erik Toll of Pinnacle Real Estate Advisors LLC.represented the seller and buyer …
12-Unit Loft Property Sells in Downtown Denver
According to CBRE, the Curtis Street Lofts, a 12-unit multifamily property located at 2063 Curtis Street in Denver, has sold to a private local investor for $5.2 million. The three-story building features two-bedroom floor plans with designated office space and balconies, controlled access, a one-to-one parking ratio, a rooftop deck with city and mountain …
Groundbreaking: Sky Ridge Station Apartments, Lone Tree
Construction has begun on the Sky Ridge Station Apartments, a new 240-unit apartment complex situated on the last parcel of land at the Sky Ridge Station transit-oriented development (TOD) site. The seven-story apartment complex, which includes two levels of parking, is adjacent to several large employers in the area including …
Mixed-Use Project Proposed on 60 Acre Site Near DIA
According to a proposal submitted to the City of Denver, Godden Sudik Architects and developer Pauls Corporation are planning to build a mixed-use project on a 60 acre vacant parcel of land that’s located north of E. 40th Ave, and east of Pena Blvd. The project could include as many as 1,175 for-rent …
Grocery-Anchored Retail Center on Federal Blvd Fetches $14.9M
Brentwood Center, a 33,494-square-foot retail shopping center consisting of eight buildings on 13.36 acres in Southwest Denver, has sold for $14.9 million. According to CoStar, Brentwood Center is the largest retail property to sell in Denver this year and the largest since 2016. The property is located at 1951, 2095, & …