El Paso County a Top 10 Fastest Growing Opportunity Zone

For investors looking to make a positive impact in economically distressed communities, Millionacres, a real estate investing educating resource, today released a report on “The Top 10 Fastest Growing Opportunity Zones” in the United States. El Paso County, Colorado made the Top 10 list. Millionacres analyzed 7,681 designated opportunity zones from the U.S. …


Investment in Private Real Estate Could Help Weather the Storm

According to a whitepaper published by Black Creek Group, an experienced real estate investment management and development firm with an office in Denver, today’s bear market paired with a low rate environment have exposed the shortcomings of traditional portfolio construction, and investors need new investment options to achieve positive long-term …


Black Creek Group Expands Presence in Denver Industrial Market

Black Creek Group, a Denver-based real estate investment management firm with a more than 25-year history, recently purchased a 151,000-square-foot Class B industrial building at 5000 Lima St. in Denver. The property is currently 100 percent leased to courier service provider Express Messenger Systems. EXDO Properties – which oversees the management of …


Denver Investment Firm Acquires Amazon Customer Service Center in West Virginia

Denver-based real estate investment firm Sentinel Net Lease, has acquired an Amazon Customer Service Center in Huntington, West Virginia for $16.9 million, from an affiliate of Lexington Realty Trust. The 69,000-square-foot property sits on 7.9 acres in Kinetic Park, the premier technology park in the greater Huntington metro area. Sentinel was formed …


Colorado Congressman Introduces Opportunity Zone Extension Act

Colorado Congressman Scott Tipton (CO-03) — representing the 3rd Congressional District (Grand Junction, Durango, Alamosa and Pueblo) —has joined several House colleagues in introducing “The Opportunity Zone Extension Act,” a bill that would extend the opportunity zone provisions that were part of the Tax Cuts and Jobs Act. The Opportunity Zones …


Q&A with Piper Pierce, president of Collegiate Peaks Bank DTC

Piper Pierce, a banking industry veteran with more than 20 years of experience, will serve as president of Collegiate Peaks Bank’s new location in the Denver Tech Center, located at 5450 Greenwood Plaza Blvd. Pierce recently shared with Mile High CRE, her optimistic outlook on the south metro real estate market. Why did …


Interest Rates Hit All-Time Low as Coronavirus Spreads

While the coronavirus will weigh on the U.S. economy in the first quarter, growth should be sustained. According to the Marcus & Millichap special report on the virus outbreak, expectations of weaker exports, reduced tourism and supply chain-related shortfalls will moderate the pace of economic growth. However, low unemployment and comparatively strong consumption levels should …


Seven-Hotel Portfolio, Including Hotel Monaco Denver, Sells for $483M

Xenia Hotels & Resorts, Inc. has executed an agreement to sell a seven-hotel portfolio with a total of 1,124 guest rooms for $483 million. The portfolio consists of seven Kimpton-managed hotels, including Hotel Monaco Denver, Canary Hotel Santa Barbara, Hotel Monaco Chicago, Hotel Monaco Salt Lake City, Hotel Palomar Philadelphia, Lorien Hotel & …


Joint Venture Acquires Compark Industrial Portfolio

A new joint venture formed by CWCapital and Colorado-based Kenai Capital Advisors has acquired the portfolio of three industrial properties in the Compark Business Park in Englewood. The partnership purchased the 263,734-square-foot portfolio containing 8560 Upland Drive, 8490 Upland Drive, and 14800 Grasslands Drive from Hendricks Commercial Properties for $41 million. …


Majestic Realty Refinances Part of its Commercenter Industrial Portfolio

Allianz Real Estate, the world’s largest investor in real estate, has signed an agreement with Majestic Realty Co. to finance part of their 9-building industrial portfolio at Majestic Commercenter in Aurora. The nine non-crossed collateralized loans amount to $135 million and follow eight additional loans already provided to Majestic. “As …