Lowe Acquires 366,184-Square-Foot DTC Office Building
Lowe, a national real estate investor, developer and manager, has acquired 7979 E. Tufts, a 366,184-square-foot, Class A office tower in Southeast Denver. Built in 1982, the 18-story building, also known as Stanford Place II, is located in the Denver Tech Center. “7979 E. Tufts is a modernized office building, …
Denver Leads Nation for Green Multifamily Building
According to the inaugural Multifamily Green Building Adoption Index by CBRE, 7 percent of Denver’s multifamily apartment units are green certified, more than double the U.S. average. The Mile High City also ranked among the greenest office markets, coming in at No. 8 in the Office Green Building Adoption Index. “It’s no surprise …
Brinkman Construction Opens New Office in RiNo
Recently named one of the Top Contractors in the region by ENR Mountain States, Brinkman Construction has made a strategic move to support their presence throughout the Front Range. The general contractor has moved to a new office in RiNo at the Larimer 30 development, located at 2935 Larimer Street. …
TerraCap Management Acquires Centerpoint Office Center I & II in Denver
TerraCap Management LLC, a privately held investment firm headquartered in Estero, Florida, has acquired Centerpoint Office Center I & II in Denver, for $77,517,500. The acquisition consists of two multi-story office buildings totaling 373,724 rentable square feet. The seller, Investcorp International Inc. and Schnitzer West, was represented by Tim Richey …
Suburban Office Property Fetches $13.35M
SF Partners, a real estate investment firm based in Miami, has purchased Yosemite Office Plaza, located at the intersection of South Yosemite Street and East Hampden Avenue in Denver, for $13.35 million sale. CBRE’s James Brady, Campbell Davis, Mike Winn, Jenny Knowlton and Tim Richey represented the seller, Sperry Properties of Irvine, Calif. CBRE’s John Marold, …
Denver Stapleton Plaza Office Center Sells for $12.5M, Renovations Planned
Stapleton Plaza Office Center, a 10-story office building totaling 131,949 square feet, located at 3401 Quebec Street in Denver, has sold for $12.575 million. Denver-based Ogilvie Properties purchased the office building and is planning an extensive capital improvement campaign that includes renovations to tenant spaces, HVAC systems, parking garages and common areas. CBRE’s Patrick Devereaux represented the seller, Holualoa …
Denver Developer Receives Financing for Two Projects in Capitol Hill
Denver-based development and property management company LCP Development has secured $25 million in financing for 777 and 757 Grant Street in Denver. 777 Grant Street is a vintage office building that will be renovated and repositioned while 757 Grant Street is a Class A, ground-up multifamily development. JLL worked on behalf …
Prologis to Acquire Liberty Property Trust for $12.6B
San-Fransisco-based Prologis, Inc., the largest industrial real estate company in the world, and Liberty Property Trust, an investment trust that invests in office buildings and industrial properties, have entered into a definitive merger agreement by which Prologis will acquire Liberty in an all-stock transaction, valued at approximately $12.6 billion, including the assumption of …
SoftBank Group Commits to Invest $8B in WeWork
In response to issues regarding cash flow and leadership, The We Co., parent company of coworking office space operator WeWork and Japanese technology conglomerate SoftBank Group Corp have reached an agreement under which SoftBank will provide $5 billion in new financing to The We Co., in addition to a tender offer up to …
Schnitzer West to Bring First Office Development to Downtown Westminster
The City of Westminster is partnering with Schnitzer West, a well-established developer focused on urban-suburban markets in the Seattle and Denver regions, to build 650,000 square feet of office on two sites in downtown Westminster. “With the continued growth of companies along the Denver-Boulder corridor, downtown Westminster is located directly …