58-Unit Senior Housing Property in Lakewood Sells for $8.3M
The Homestead at Lakewood, a 58-Unit seniors housing property located in Lakewood, has sold for $8.3 million. Located at 2121 Wadsworth Blvd, the Homestead at Lakewood was constructed in 1999 under the Low Income Housing Tax Credit (LIHTC) program. The property consists of studios, one-bedroom units, and two-bedroom units and …
Lee and Associates Report Examines Effects of Changing Tax Policy on CRE
Lee and Associates Research has just released a new report titled Effects of Changing Tax policy on Commercial Real Estate that examines the Biden administration’s proposal to nearly double the capital gains tax for people who make more than $1 million a year. The plan will tax capital gains at …
Historic 6th Ave Retail Property Sells for $4.7M
Unique Properties Inc., Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, brokered the sale of Firehouse Square, a multi-tenant retail/office property located at 1038 E 6th Ave in Denver. The property sold for $4,750,000 or $486 per Square Foot. The seller, RAK Investments Inc, was represented by Michael …
CBRE Brokers the Sales of Two Multifamily Properties in Denver
Robert Bratley, first vice president with CBRE Capital Markets in Denver, recently arranged the sale of two small multifamily properties in Denver: the $4.15 million sale of 4300 East Eighth Avenue and the $4.03 million sale of 1015 21st Street. 4300 East Eighth Avenue The new mixed-use (primarily multifamily) property located at Eighth …
Trion Properties Acquires Two Multifamily Properties in Colorado Springs
Trion Properties, a private equity real estate firm based in West Hollywood, California, and equity partner, PCCP, LLC, an investment manager, have acquired a two-property portfolio located in Colorado Springs, for a combined total of $80 million. The properties, Quail Cove and Highland Park, total 406 units and represent an …
Avison Young Release Q1 Denver Office Market Report
Avison Young’s Denver office has released its first quarter 2021 office market report. Office sales volume reached an impressive $306.4 million in the Mile High City, up 47 percent from 4Q 2020. Market highlights: Office leasing activity totaled 993,039 square feet in 1Q 2021, representing a 13 percent decline quarter-over-quarter (Q/Q) …
Denver a Top Five Market for CRE Investment in 2021
According to CBRE’s 2021 Americas Investor Intentions Survey, commercial real estate investors are showing increased appetite for risk and a preference for secondary markets. The survey ranked Denver as a top five target among Americas metros, jumping two spots to No. 5, up from No. 7 last year. Investors are prioritizing …
Atlas Expands into Boise, Idaho
Atlas Real Estate, a full-service Denver-based real estate company specializing in investment brokerage, property management and institutional acquisition, has acquired Advanced Asset Management, a property management company based in Boise, Idaho. The acquisition provides residents, homebuyers and real estate investors in the Boise metro area with a full suite of investment-focused real estate services …
Apartment Community Sells in Northern Colorado Amidst Unprecedented Growth
Rise at 2534, a newly-built 236-unit luxury apartment community located at 5070 Exposition Drive in Johnstown, has sold to a New York City-based pension fund advisor for an undisclosed price. Dan Woodward, Dave Potarf, Matt Barnett and Jake Young with CBRE Capital Markets in Denver represented the seller, multifamily developer A.G. …
Global Investment Firm Acquires Westminster Industrial Park
KKR, a global investment firm, has acquired Park 12 Hundred, a three building industrial park totaling approximately 290,000 square feet in Westminster. Park 12 Hundred is KKR’s first industrial real estate acquisition in Denver. The property was completed in 2018 with state of the art features and is located near …