$25M Sale of Class A Mixed-Use in Capitol Hill Closed by HFF
Denver, CO – Holliday Fenoglio Fowler, L.P. (HFF) recently announced that it has closed the $25.25 million sale of MOTO, a core, Class A mixed-use residential and retail property in Denver’s Capitol Hill neighborhood. HFF marketed the property exclusively on behalf of Elevation Development Group LLC. Denver MOTO, LLC purchased …
New McWhinney Development in Loveland Offers Class A Industrial Space In Award-Winning Master-Planned Community
Loveland, CO – CBRE Group, Inc. on behalf of McWhinney, recently announced that Toddy, LLC, makers of the Toddy Cold Brew Coffee System, has signed a lease to become the first tenant at Centerra Industrial, a new development located at 5195 East 37th Street in Loveland, Colorado. Completed spring 2016, Centerra …
After 26 Years, Koelbel & Company Sells Majority Share of The Breakers Resort in Landmark Transaction
Denver, CO — One of Denver’s oldest and most venerable real estate developers, Koelbel and Company, along with its partner The Bascom Group, recently announced the landmark sale of The Breakers Resort to Pensam Residential and its partners, BH Equities LLC and Wafra Capital Partners, brokered by ARA, A Newmark …
Cushman & Wakefield Oil and Gas Report: Impact of Lower Prices, How Is Denver Faring?
Denver, CO – Cushman & Wakefield recently released its Occupier Research Report, “Oil: the Commodity We Love to Hate,” which assesses the impact of lower oil prices on each of the world’s major energy cities and provides insights into office sector fundamentals going forward. According to Martin Woodrow, Cushman & Wakefield executive …
Federal Regulators Cautioning the Backing of Commercial Real Estate Loans
View here In order to influence banks to strengthen loan terms, the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency is cautioning commercial real estate industry lenders. Small U.S. banks are affected the most, especially after the Federal Reserve indicated earlier this summer that prices in the …
CRE Trends: Financing Development Deals in an Uncertain Environment
By: Danielle Feroleto If the commercial real estate market agrees on one thing, it is that the financing market is experiencing continued ups, downs and regulatory changes that will continue to impact the ability for deals to secure funding. While the first half of 2016 can be characterized as very …
Gelt, Inc. Acquires 400-Unit Multifamily for $66 Million in Lakewood
Lakewood, CO – Gelt, Inc. has acquired Westhills, a 400-unit apartment property for $66 million. The property is located at 453 Van Gordon Street in Lakewood, Colorado. Westhills is a garden-style apartment community with well-maintained grounds and a park-like feel. It is within the thriving submarket of Lakewood, which provides …
Industry Spotlight: Relationship-Based “Concrete Contractor”
According to Downtown Denver Partnership’s 2016 State of the Downtown Denver Report, $2.5 billion of investment is under construction or planned for Downtown Denver in 2016. In addition, as of the mid-way point of 2016, 18 projects are under construction and 14 more projects are planned for development in Downtown …
DBJ Crane Watch Updated
View here The Denver Business Journal’s Crane Watch was recently updated to include several new projects including the one pictured here – Flight, the $50 million office project by Zeppelin Development. Rendering by Dynia Architects, courtesy of Zeppelin Development
ARA Newmark Closes Class A+, Transit-Oriented Community in Metro Denver
Denver, CO — ARA, A Newmark Company (ARA Newmark) sold Westlink at Oak Station, a 244-unit, newly-stabilized multifamily asset in Lakewood, Colorado, just outside of Denver. Vice Chairmen Doug Andrews, Jeff Hawks, Terrance Hunt and Shane Ozment represented the seller, Prospect Oak Street Associates LLC, which is affiliated with the …