InvestmentMultifamily

Phoenix Realty Group Acquires 280 Multifamily Units and Broadens Presence in Colorado

FORT COLLINS — Phoenix Realty Group (PRG), a national multifamily real estate fund manager, investor and operator,  recently purchased Argyle at Willow Springs, a 280-unit Class B multifamily apartment community in Fort Collins, through an affiliated entity. The property was acquired with a third-party partner. PRG will operate the rental community and …

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DevelopmentInvestment

Northstar Commercial Partners Launch New $125M Investment Fund

DENVER — Today, Northstar Commercial Partners announced the launch of their $125 million Northstar Integrity Growth Fund (the “Fund”), in partnership with Integrity Trust of Colorado Springs. The Fund is a REIT under a 506(c) designation, which is an evergreen fund focusing on 75 percent value-add, and 25 percent cash-flowing commercial …

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DevelopmentInvestmentReports

Colorado Counties Among Top 50 for Opportunity Zone Investment

Opportunity zones have garnered a lot of media and investor attention recently, which is why COMMERCIALCafé decided to compile a list of the U.S. counties with the highest opportunity zone investment potential. The study narrowed down and analyzed 306 counties and have allocated points for the following indicators: employment, GDP, population …

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DevelopmentInvestmentRenovationStudent Housing

Renovations Continue at Boulder Student Housing Property

BOULDER — Brickstone Partners and Deutsche Finance America (“DFA”) have announced the recapitalization of The Lodge at Boulder, a 220-unit, 355-bedroom student housing complex near the University of Colorado campus. The project is being led by Daniel Otis of Brickstone Partners that purchased The Lodge property more than three years ago …

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BrokerageInvestment

JLL Acquires HFF for $2B

Commercial real estate brokerage firm JLL announced today it will acquire HFF in a cash and stock transaction for approximately $2 billion. Since 1998, HFF has closed more than $800 billion in over 27,000 transactions, achieving record revenue in 2018 of more than $650 million. Mark Gibson, CEO of HFF, will join JLL as …

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BrokerageHospitalityInvestment

Rockbridge Acquires Halcyon Hotel, Cherry Creek

DENVER – Ohio-based Investor Rockbridge, has acquired the Halcyon hotel in Cherry Creek, from owner Sage Hospitality. The 154-room luxury hotel, located at 245 Columbine Street, is Rockbridge’s most recent lifestyle property. Makeready, who specializes in independent hotels and restaurants, will manage the hotel, restaurants and bars. Halcyon’s independent personality is deeply connected …

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InvestmentProperty ManagementRetail

Dunton Commercial Acquires Thornton Value Add Retail

THORNTON — Dunton Commercial, a commercial real estate company offering Property Management, Accounting, and Advisory Services, has acquired a 112,808-square-foot, value-add retail center in Thornton, known as Huron Plaza. The acquisition of Huron Plaza is the first for Dunton under its new ownership group. “The principals of Dunton each have significant investment experience, but …

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DevelopmentInvestmentOfficeProperty Management

Seattle Company Acquires Two Properties in Denver’s Largest Office Market

DENVER — Seattle-based Schnitzer West, one of the West Coast’s fastest-growing real estate investment, development and property management companies, has announced the purchase of two properties in the Denver area; Peakview Place in Centennial and 115 Inverness in Englewood. Both properties are ideally positioned near light rail stations in Denver’s southeast suburban …

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BrokerageHospitalityInvestment

Tavern Downtown and Nearby Parking Lot Sell for $17.75M

View here San Francisco-based Fillmore Capital Partners, a private investment company with principal focus on healthcare, lodging, affordable housing and other specialized real estate investments, has purchased two buildings and a parking lot next to Coors Field for $17.75 million. The purchased parcels are: 1937 Market St, 1949 Market St., …

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BrokerageInvestmentMultifamilyReports

Apartment Sector Sustains Positive Outlook, says Marcus & Millichap

DENVER – Marcus & Millichap recently released its 2019 Multifamily Investment Forecast Report that includes metrics and analysis of 50 metros across the U.S. and Canada. According to the report, accelerating household formation, underpinned by the tight labor market, will continue to support rental demand in 2019. Evolving recruiting practices and shifting demographics …

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