Home Depot-Occupied Industrial Building Sells in Aurora
A 220,000-square-foot, Class A distribution center, fully leased to The Home Depot at 1953 N. Gun Club Rd. Aurora—within Prologis Park 70, one of Denver’s premier industrial parks—has changed hands. JLL represented the seller, EverWest Real Estate Investors. The building was part of EverWest’s $3.6 billion in assets under management. …
Unico Properties Acquires Two Office Properties in LoDo
Seattle-based private real estate investor and operator Unico Properties has purchased two office buildings, located in Denver’s LoDo submarket, for $85.5 million. ASB Real Estate Investments (ASB) completed the disposition on behalf of its Allegiance Real Estate Fund, a $7.4 billion core investment vehicle. “The sale is part of ASB’s portfolio strategy …
City Partners w/National Western Center to Support Professional Advisors to Globeville & Elyria-Swansea
The City and County of Denver and the nonprofit National Western Center Authority will provide $400,000 to Globeville and Elyria-Swansea neighborhoods to enlist their choice of professional advisors to secure community benefits at the National Western Center redevelopment. The funding, approved by Denver City Council on Monday, Oct. 4, will …
Vail Resorts Planning $320M in Ski-Resort Upgrades
Vail Resorts, Inc. is planning a number of on-mountain renovation projects for the 2022-23 North American ski and ride season in what will be the company’s largest single-year investment into the guest experience. The sweeping set of 19 new chairlifts, including 12 high-speed lifts, a new eight-person high-speed gondola and six …
Dunton Commercial Closes on Two Retail Properties
Dunton Commercial, a privately held commercial real estate investment company located in Greenwood Village, recently acquired two retail properties in Colorado, in two separate transactions. Bowles Marketplace In a joint venture partnership with CentrePoint Properties, Dunton Commercial recently closed on the acquisition of Bowles Marketplace, a 155,000-square-foot neighborhood retail center …
CP Capital US and Greystar Announce ‘Brighton Park’ Project
CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, has entered into a joint venture with Greystar to develop a 288-unit multifamily community in Brighton. Located at the intersection of Longs Peak Street and N. 42nd Avenue, the Brighton Park project is located in the heart of Brighton, …
Cap Rates to Remain Stable Across Property Types Through Year-End
A new CBRE survey finds that more than two-thirds of real estate investors exhibited increased risk appetite in H1 2021. Investors now broadly expect cap rates to remain stable or compress across most property types through the end of the year. Capitalization rates—usually called cap rates—measure a property’s value by …
IG Logistics Buys 29,800 sq. ft. Last Mile Warehouse in Denver for $3.2M
Following last month’s purchase of Lipan Street Industrial Park site for $21 million, New York-based IG Logistics has made its second acquisition in Denver, acquiring a last-mile warehouse facility at 5105 Cook Street. The site was purchased for $3.2 million in an off-market deal. The nearly 29,800-square-foot facility spans three acres and …
Q&A with Rick Pederson, Vice Chairman of Bow River Capital
The U.S. economy at midyear is booming, but costs are moving just as fast. U.S. CPI jumped 0.9% on both the headline and core rates in June, surprising many. The June monthly headline is the largest surge since 2008, while the core reading is the biggest gain since late 1981, according to …
Greenwood Corporate Plaza Sells for $38.4M
Private equity real estate investment firm Viking Partners Management, Inc. has acquired Greenwood Corporate Plaza, a 412,869-square-foot suburban office campus in the Denver Tech Center for $38.4 million. The acquisition is the first for Viking Partners out of its new Mountain West regional office in Denver under the direction of …