Affordable HousingHospitalityInvestmentRenovation

Denver City Council Approves Hotel-to-Housing Project

On Monday, Jan. 16, Denver City Council approved a $9 million purchase and sale agreement for the acquisition of the Stay Inn, a four-story hotel, and two adjacent parcels, located at 12033 E. 38th Ave., 3835 Peoria St., and 3805 Peoria St. The hotel structure includes 96 bedrooms, 95 of which …

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DevelopmentFinanceInvestment

Piper Sandler Looks Toward Investment in the Rocky Mountain Region in 2023

Following a record-breaking year in 2021, the Piper Sandler Special District Group, a specialty financing group with more than 30 years of experience helping to fund public infrastructure for new development, continued to see significant growth in 2022 with the expansion of its team and the opening of a new Denver headquarters. …

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BrokerageInvestmentOffice

Cadre Sells Portfolio of Four Office Parks in Colorado Springs

Cadre, the technology-driven real estate investment manager, today announced the successful sale of an office portfolio in Colorado Springs. The Colorado office portfolio, comprised of four office parks (Interquest, Patriot Park, Aerotek Commerce Park, and Peak Innovation), was sold in October 2022 for an undisclosed amount. Cadre’s investment in the portfolio generated …

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BrokerageInvestmentMultifamilyRenovation

Garden-Style Apartment Community in Colorado Springs Provides Impressive ROI

Following the purchase and renovation of a 288-unit, garden-style apartment community in Colorado Springs, Texas-based Lynd Acquisitions Group (LAG) has sold the property for $67.5 million, surpassing investment goals three years sooner than anticipated. Lynd bought the Village at Lionstone in December 2020, at the height of the pandemic, for …

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ConstructionDevelopmentHealthcareInvestmentRenovation

Kaiser Permanente to Invest $100M to Build State-of-the-Art Medical Facilities in Colorado

To enhance service for its current members and to prepare for future growth, Kaiser Permanente recently announced it is investing $100 million to build new and upgraded state-of-the-art medical facilities in eight communities across Colorado’s Front Range. Two brand-new facilities will replace existing medical offices in leased spaces in Parker …

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DevelopmentInvestmentReports

Global Real Estate Market Stabilization to Take Hold Mid-2023, Colliers Report

After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, Colliers, a leading diversified professional services and investment management company with operations in 63 countries, anticipates the process of stabilization of the global real estate market to take hold by mid-2023 in its latest Global Investor Outlook. …

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BrokerageIndustrialInvestment

Boston-Based TA Realty Acquires Two-Building Industrial Portfolio Near DIA

Boston-based TA Realty, one of the largest investment managers, buying and selling, of industrial real estate in the U.S., has acquired the Airport Central Portfolio, a two-building industrial portfolio totaling 340,960 square feet near Denver International Airport. TA Realty acquired the portfolio from institutional investors advised by J.P. Morgan Global Alternatives. …

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BrokerageHospitalityInvestmentRecreation

Heritage Golf Group Enters Colorado Market, Acquires 3 Colorado Golf Clubs

Heritage Golf Group, the fastest-growing owner and operator of golf and country clubs in the U.S., has acquired three semi-private golf clubs in the Denver area. Heritage purchased The Golf Club at Bear Dance, Colorado National Golf Club, and Plum Creek Golf Club from the Bruening, Bennett, and Kerr families …

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DevelopmentInvestmentOffice

South Florida and New York-Based Investment and Development Firm Opens Denver Office

BH3 Management, a South Florida and New York-based real estate investment and development firm led by Co-CEOs Gregory Freedman and Daniel Lebensohn, is expanding its company and real estate interests into Denver. The company has signed an office lease at 162 Adams Street in Cherry Creek North and anticipates its …

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BrokerageInvestmentRetail

CentrePoint Buys Westminster Shopping Center for $10.9M

Willow Run Investors, LLC, an entity operated by Gart Properties, has sold Willow Run, a 91,565-square-foot retail shopping center in Westminster, to CentrePoint Properties, a privately held commercial real estate investment firm operating out of Denver, for $10.9 million. Willow Run Investors was represented in the transaction by Cushman & …

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