Market Station Refinanced for $130M
Market Station, a newly built, Class A mixed-use project totaling 339,494 square feet in Denver’s LoDo, has been refinanced for $130 million, according to JLL. The borrower, a joint venture between Continuum Partners, LLC and Clarion Partners, LLC, to secure the 12-year, fixed-rate loan through a life company correspondent lender. …
The Pines at Broadmoor Bluffs in Colorado Springs Sells to California-Based Investment Firm
Benedict Canyon Equities, a California multifamily real estate investment company, recently purchased Pines at Broadmoor Bluffs, a townhome-style rental community in Colorado Springs, for $49 million, according to property records. Built in 1987, The Pines at Broadmoor Bluffs has 108 apartment homes across 26 buildings. The community has one garage …
New Private Equity Firm Launches in Denver
Denver-based Brue Baukol Capital Partners and former Vice Chairman at CBRE, Chris Bodnar, have launched a new private equity firm in Denver that specializes in alternative real estate asset classes. Prescriptive Capital will offer investors opportunities in three primary sectors — Healthcare, Life Sciences and Senior Living. During his tenure at CBRE, Bodnar advised …
Brennan to Develop Three Class A Distribution Buildings in Thornton
Brennan Investment Group has acquired 24 acres at the southwest corner of 128th and Washington Avenue in Thornton. Located in the growing North I-25 industrial submarket, the site provides highway visibility from Interstate 25. Brennan will develop three Class A distribution buildings, totaling 300,000 square feet. “The site has tremendous appeal …
Evermore Partners Acquires Boulder Office Building and Secures Leaseback with Local Startup
A 22,240-square-foot office building located at 6840 Winchester Circle in Boulder has been puchased by Evermore Partners, a newly formed real estate investment company focusing on high-impact, value creation activities. Evermore has also executed a 15-year lease with Boulder-born startup Meati Foods. The acquisition represents the company’s first of a planned …
Stonebridge Companies Acquires Marriott Hotel Near DIA
Further expanding its portfolio of properties in the Denver airport submarket, Denver-based Stonebridge Companies, a privately owned, nationally recognized innovative hotel owner, operator, and developer, has acquired the Denver Airport Marriott at Gateway Park, located at 16455 E 40th Cir, in Aurora. A purchase price was not disclosed. Serving as the property …
Partnership Acquires First Multifamily Property in Colorado
Commercial real estate firms Hamick Asset Management, Elevate Property Partners, BluSky Equity Partners, and Vista Laguna Asset Management have acquired Fairview Apartments in Aurora, their first joint acquisition in Colorado. The new ownership group intends to further improve Fairview’s exterior appearance and amenities, expand the office, and continue a proven template for interior …
BioMed Realty Acquires Boulder Life Science and Office Campus
In an effort to expand its portfolio beyond its existing core markets, BioMed Realty, a leading provider of real estate solutions to the life science and technology industries, has acquired Flatiron Park in Boulder. The one-million-square-foot, 22-building life science and office campus is currently 90 percent leased to a mix …
Stonebridge Companies Receives Investment to Fund Growth
TowerBrook Capital Partners L.P., an international investment management firm, and Related Fund Management, a real estate investment management firm, have invested in Denver-based Stonebridge Companies, a leading hospitality management, ownership, and development company. The transaction was funded through a majority investment from TowerBrook, with a significant minority investment from RFM and a …
The Laramar Group Expanding into Medical Office Sector
The Laramar Group, a leading national real estate investment and property management company with offices in Denver and Chicago, is actively investing for its Laramar Medical Properties Fund I, a closed-end fund investing in medical office and life sciences properties. Laramar Medical Properties plans to invest in targeted U.S. markets …