BrokerageIndustrialLand Sales

7.14-Acres of Industrial Land in Denver Sells for $6.7M

Starpoint Properties, a real estate investment and operating company focused on the acquisition, development and redevelopment of multifamily and commercial properties, has purchased a 7.14-acre industrial land parcel in Denver for $6.7 million. The parcel, located at 1701-1761 E 68th Avenue, is zoned I-2 with outdoor storage permitted, allowing it to accommodate heavy industrial users …

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ArchitectureConstructionDevelopmentHealthcareHospitalityIndustrialOfficeReports

Nonresidential Construction Spending Projected to Increase through 2023

According to a new report from the American Institute of Architects, the national nonresidential building sector is expected to see a healthy rebound through next year after failing to recover with the broader economy last year. The AIA’s Consensus Construction Forecast panel—comprising leading economic forecasters—expects spending on nonresidential building construction …

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BrokerageDevelopmentIndustrial

Two Distribution Buildings within 76 Commerce Center Change Hands

As industrial demand in Denver accelerates amid the pandemic-fueled growth of e-commerce and warehouse inventories, Principal Real Estate Investors has purchased two buildings within 76 Commerce Center, a Class A logistics park in Denver’s I-76 corridor, from sellers Mortenson Properties, Inc. and Hyde Development. Buildings 4 and 5 total 618,480 square …

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IndustrialReports

Denver Industrial Market Posts Record-Breaking Year Across Multiple Metrics

In Q4 2021, the Denver industrial market recorded record-breaking stats across all metrics, according to CBRE’s Q4 report on Denver industrial. Vacancy and Availability The total availability rate continued to compress in Q4 2021, falling 192 bps year-over-year to 7.5%. Direct vacancy fell to 5.4%, a decline of 117 bps …

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BrokerageHealthcareIndustrialOffice

20-Building Portfolio in Fort Collins Trades for $53.5M

Prospect Innovation Campus, a 20-building portfolio of R&D, office and industrial properties in Fort Collins, has sold for $53.5 million to Ogilvie Properties. The Campus is located on 30 acres at the southeast corner of E Prospect Rd and S Timberline Rd., two miles from Colorado State University, three miles …

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BrokerageIndustrial

Cold Storage Developer Expands in Denver with $19M Acquisition

A single-story cold storage and food distribution facility located at 4475 East 50th Ave in Denver, has sold for $19,093,400 to Karis Cold, a private equity-backed, specialized cold storage developer and investor. Since the onset of COVID, the demand for food-related industrial properties has peaked and continues to be highly …

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BrokerageDevelopmentIndustrial

Newly Constructed Industrial Building in Aurora Sells for $33M

San Diego-based Westcore, a leading West Coast industrial real estate acquisition, development and asset management firm, has purchased a brand new 142,760-square-foot Class A industrial building in Aurora for $33 million. Known as Park 225, the newly constructed, state-of-the-art multi-tenant building was sold and developed by a joint venture between Karis …

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IndustrialReportsRetail

Holiday Gift Returns Expected to Stress Supply Chain

More stress for retailers and the already strained supply chain may be ahead as e-commerce returns are expected to sustain high volumes following the holiday season, according to a new report from CBRE in partnership with Optoro, a provider of returns technology and services for processing retail returns. According to …

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BrokerageIndustrial

McWhinney’s Newly Constructed Distribution Facility Sells for $94.8M

McWhinney has sold its brand new 200,864-square-foot Class A warehouse/distribution building in Broomfield, for $94.8 million. The buyer was Realterm Logistics, a vertically integrated owner and manager of high flow-through (HFT) logistics facilities serving the transportation industry that is based in Annapolis, Maryland. Located at 400 West 160th Avenue, on 53 acres, the …

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BrokerageIndustrialMultifamily

NorthPeak Teams Up with Blue West Capital to Sell Western Slope Portfolio

On December 13, The Western Slope Portfolio — consisting of 143,377 total square feet made up of 59 single-family properties, 52 multifamily units and three industrial properties in Grand Junction — sold for $15,873,000 to an undisclosed buyer. Principals Scott Fetter & Joe Hornstein at NorthPeak Commercial Advisors, teamed up with …

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