Greeley Retail Center Changes Hands
GREELEY — The 4,373-square-foot Pacific Dental & Topper’s Pizza Strip Center located at 4421 Centerplace Dr. in Greeley, has sold for $2,125,000 ($485 per square foot). Peter Peluso and Chris Wiedenmayer of Legend Investment Group (LIG), a division of Legend Partners, facilitated the sale of the 2-tenant retail strip center that was built …
Denver Value-Add Office Property Sells for $5.8M
DENVER– Monaco Tower, a Class B value-add office building in the Glendale submarket of Denver, has sold for $5.8 million. Monica Wiley and Jeff Wood of CBRE’s Denver office represented the seller of the property, an entity managed by Stabilis Capital Management LP, in the transaction. Benjamin Borgers, a local CPA, purchased the …
Baceline Investments’ Portfolio Reaches All-time High Representing $300M in Value
DENVER — Baceline Investments, LLC, a boutique Denver-based private equity real estate investment and management company, has added three properties including Orchard Crossing and Hickory Creek near Chicago, and The Crossing southeast of Memphis, Tenn., bringing Baceline’s total number of properties owned to 60, representing more than $300 million in asset value. Baceline …
Denver-based Investor Purchases Union Denver for $304M
View here On Friday, Daydream Apartments, a new Denver-based residential investment and management company, purchased Holland Partner Group’s Union Denver, a three-tower, 13-story apartment complex in downtown Denver, for $304 million, according to Denver public records. Union Denver will be rebranded as Union Denver by daydream according to a Daydream press …
Class A Office Campus in Westminster Sells for $71M
DENVER – Westmoor Place 8, 9 and 10, a three-building, Class A office campus totaling 428,029 square feet in Westminster has sold for $71.1 million. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, and procured the buyer, CapRidge Partners, LLC, a value office investor and manager …
RedPeak Purchases Third Denver Property of 2019
View here Denver-based RedPeak has purchased the Safari Club Apartments building, located at 990 Logan St. in Capitol Hill, for $16.8 million, according to property records. The sale marks the third property the company has purchased in recent months. Previous ownership had invested almost $400,000 in recent capital improvements in the past …
Apartment Building Adjacent to Loretto Heights Sells for $11M
DENVER – Nexus Commercial Realty, LLC has closed on the sale of Amherst Apartments, an 81 unit, 58,003-square-foot building for the sale price of $11,100,000. The property is located at 2775 S. Federal Blvd., Denver, adjacent to the Loretto Heights redevelopment. Adam Riddle of Nexus represented the Seller, Vukota Amherst …
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 …
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 …
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 …