Englewood Industrial Property Sells as Part of Portfolio Sale

Westcore Properties, a San Diego-based real estate investment firm, has purchased a four-property industrial portfolio in the Western United States, including a distribution facility in Englewood, Colorado. The properties total 704,065 square feet and are located in prime distribution corridors across the western United States. The assets are located at 14101 …


SCL Health Anchored Facility Tops Out

Given the rapid growth in the Candelas master-planned community in Arvada, there is a strong need for additional nearby healthcare services. To meet this demand, Mortenson Development, Inc. has topped out on a new 43,732-square-foot Class A medical office building for SCL Health, at the intersection of West 91st Place and …


Gelt, Inc. Remain Bullish on Denver Multifamily Market

Regatta Apartments, a 93 percent-leased, 352-unit multifamily community located at 10500 Irma Drive in Northglenn, has changed hands. Los Angeles-based private investment firm, Gelt, Inc., purchased the property for $100.5 million, adding to its growing portfolio in the Denver region which now totals more than 2,600 units. “Regatta provided all …


Broomfield Industrial/Flex Property Sells for $11M

Boulder-based Tepuy Properties, a real estate syndicate and property manager, recently acquired a 68,400-square-foot property at Broomfield’s Interlocken Business Park for $11 million, marking its largest acquisition to date. Tepuy acquired the three flex/industrial buildings, located at 100 Technology Drive, from Real Capital Solutions Inc. Tepuy also owns a similar single-story, 65,000-square-foot flex building at …


Nexus Commercial Realty Team Up with Capstone Companies

Nexus Commercial Realty, a Denver-based commercial multi-family investment sales firm, is joining forces with Charlotte, NC-based Capstone Companies, the country’s largest privately owned multi-family investment sales brokerage. Founded in 2017 by Adam Riddle and Jason Koch, Nexus specializes in multi-housing investment sales brokerage and advisory services for existing assets and …


Restoration Hardware Invests $105M in Aspen Portfolio

Restoration Hardware (RH), a curator of design, taste and style in the luxury lifestyle market, announced it is making an initial equity investment of approximately $105 million in connection with real estate development initiatives in Aspen. The investment includes properties that will be developed into retail locations, hospitality concepts, residential …


Townhouse Property in Cherry Creek North Fetches $575k Per Unit

The Townhouses at Cherry Creek North, a luxury multifamily community located at 101 Harrison Street in Denver, has sold for $6.9 million, or $575,000 per unit – representing the most expensive per-unit, arms-length multifamily transaction recorded in Denver. Erik Toll of Pinnacle Real Estate Advisors LLC.represented the seller and buyer …


Potential CRE Tax Implications for 2021

By Blaire Butler and Peter Keepper, Essex Financial Group As the presidential election concludes, commercial real estate investors are now strategizing for the future impacts of new taxation policies under a different administration. It is worth prefacing this article with the fact that these changes/proposals are all preliminary at this point, as there …

Affordable HousingInvestmentMultifamily

Affordable Housing Community in Westminster Gets $42M Investment

Westminster’s 252-unit Toscana Apartments, located at 84th and Sheridan, has received a $42 million investment that will ensure the community remains affordable for the long-term. Maiker Housing Partners, a progressive housing authority and socially conscious community developer in Adams County, and The Community Development Trust (“CDT”), a national investor in …


Millionacres Launches New Investing Service

Millionacres, a real estate investing service by The Motley Fool, recently launched Real Estate Winners, a new entry-level offering that helps users build real estate allocations in their portfolios using real estate investment trusts (REITs), real estate equities, a regularly updated list of recommended investments, as well as a healthy dose …