AdvisoryInvestment

Denver-based Mercer Advisors Acquires RIA Firm in Delaware

DENVER — Mercer Advisors Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA) headquartered in Denver, has acquired McDermott Advisory Group, a respected RIA firm located in Wilmington, Delaware. McDermott provides a full complement of financial planning, investment management, and related services to its affluent and high net worth clients. “We …

READ MORE →
Investment

J.P. Morgan and Black Creek Group Announce $400 Million Industrial Real Estate Partnership

DENVER – Black Creek Group, a Denver-based real estate investment manager with a history of $18.5 billion in development and acquisitions, announced today that institutional investors advised by J.P. Morgan Asset Management (J.P. Morgan) have committed to invest $400 million of equity into programs focused on industrial real estate. “We …

READ MORE →
InvestmentMultifamilyProperty Management

North Carolina Investor Acquires 6th Multifamily Community in Metro Denver

WESTMINSTER — Bell Partners Inc., one of the nation’s leading apartment investment and management companies, recently announced it has acquired Bradburn Row, a 310-unit community located in Westminster. The North Carolina-based investor paid $90.48 million, according to public records. Bell now owns six communities in Colorado. The company also purchased Alta Cherry Hills …

READ MORE →
BrokerageInvestmentOffice

Joint Venture Sees Value in 12-story Office Tower in Downtown Denver

DENVER — Belay Investment Group, LLC (“Belay”) and Harbor Associates, LLC (“Harbor”) have acquired Capitol Center, a twelve story, mid-century office tower attached to a historic, two story building, totaling 166,000 square feet located at 225 E. 16th Ave. in Uptown Denver. As part of the transaction Belay and Harbor also acquired …

READ MORE →
BrokerageInvestmentMultifamily

CapitaLand of Singapore Purchases 5 Denver Apartment Buildings

According to the Denver Business Journal, CapitaLand, of Singapore has purchased five Denver apartment buildings. The buildings are part of a portfolio of 16 U.S. multifamily properties bought for $835 million. The Sienna at Cherry Creek complex, located 1939 S. Quebec Way, has 220 units and was purchased for $40.6 million. …

READ MORE →
DevelopmentHospitalityInvestment

Ares Real Estate Group Sells Investment Stake in Gaylord Rockies Resort & Convention Center for $270M

DENVER — Ares Management, L.P. (NYSE: ARES) — a publicly traded, leading global alternative asset manager— has sold its investment stake in the Gaylord Rockies Resort & Convention Center in Aurora for $270 million. Located less than 10 minutes from the DIA and 25 minutes from downtown Denver, the 1,500-room hotel and …

READ MORE →
Fiddlers Green
DevelopmentInvestmentOffice

Schnitzer West Forms Joint Venture with John Madden Company

DENVER – Schnitzer West, one of the West Coast’s fastest-growing real estate investment, development and property management companies, has formed a joint venture with Colorado commercial developer John Madden Company, to own and manage a three-building, 726,742 square-foot, 100 percent leased, Class A office portfolio in Greenwood Village. The joint venture includes …

READ MORE →
BrokerageDevelopmentInvestmentRetail

Denver’s Baceline Investments Adds 4 Properties to Portfolio

DENVER — Baceline Investments, LLC, a Denver-based boutique private equity real estate investment and management company with neighborhood shopping center holdings throughout the Central United States, recently added four properties to its portfolio. The shopping centers include Capitol Drive in Brookfield, Wis.; North Town Center in Fort Worth, Texas; Edge O Lake Shoppes in …

READ MORE →
BrokerageInvestmentMultifamily

Sale of Multifamily Property Near Aspen Spotlights Opportunity to Invest Beyond the Front Range

DENVER — An income-restricted apartment community located in Basalt, about 20 miles northwest of Aspen, has sold for $12.4 million. The recently completed 50-unit development, called The Willits Seven Apartments, offers income-restricted housing for residents living and working in the Roaring Fork Valley. Dan Woodward, David Potarf, Matthew Barnett and Jake Young with …

READ MORE →
BrokerageInvestmentMultifamily

Observatory Park Apartments Sell for $92.5M

DENVER — Modera at Observatory Park Apartments, a 275-unit Class A newly constructed infill apartment community located at 1910 S Josephine St. near Denver University, has sold for $92.5 million. The Bascom Group, LLC (“Bascom”), a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related …

READ MORE →