Historic Evans School to be Redeveloped
NAI Shames Makovsky announced this week the two-part sale of the long-dormant Evans School located at 1115 Acoma Street, Denver, consisting of a three-story, 46,467-square-foot historic school building and a 30,000-square-foot parking lot. Lennar Multifamily Communities, LLC purchased the school and the parking lot for $18 million. Following that sale, …
Rare ’90s Apartment Community in Colorado Springs Changes Hands
A 292-unit, 268,396-square-foot apartment community, called Advenir at Spring Canyon, located at 4510 Spring Canyon Heights in Colorado Springs, has sold for an undisclosed price. The buyer, who also was not named, anticipates a community rename along with upcoming renovations. Newmark Knight Frank (NKF) Executive Managing Director Kevin McKenna and Director …
13-Unit Apartment Building in Cheesman Park Sells for $4M
Worwick, a 13-unit apartment property located at 1158 Marion St. in Denver’s Cheesman Park neighborhood, has sold for $4 million. Greg Parker and Greg Price, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. …
Fourplex Multifamily Property Provides Entry Point for Investor
1101 North Emerson, a 4-unit apartment property located at 1101 N. Emerson Street in Denver, according to Skyler G. Cooper, regional manager of the firm’s Denver office. The asset sold for $1,242,500 to an undisclosed buyer. Boomer Beatty and Peter Standley, investment specialists in Marcus & Millichap’s Denver office, had …
DTC Office Tower Undergoes $8.2M Renovation
Buchanan Street Partners, a real estate investment management firm, has announced the $8.2 million renovation of the office tower at 5613 DTC Parkway. Much of the renovation work has been completed and some outside elements are wrapping up. The 224,000-square-foot, 12-story building has also been renamed Axis Tower @ DTC. …
Regency Plaza in Denver Tech Center Sells for $71.3M
Granite Properties has expanded its Denver portfolio with the purchase of Regency Plaza for $71.3 million, according to public records. The 319,000 square-foot, Class A, LEED Gold Certified office building is located in the heart of the Denver Tech Center. Granite has selected DLR Group’s Jessie Johnson to head the design team for …
Sheraton Denver Downtown Begins $80M Renovation
The $80 million hotel renovation of the Sheraton Denver Downtown began today that will forever change the face of the hotel and the 16th Street Mall. Sheraton Denver Downtown has long been a familiar anchor downtown, serving as the largest meetings/events hotel in the city with an unmatched heritage and roots deep in …
Iconic Retail Property in Greenwood Village Sells for $8.3M
A unique retail property in Greenwood Village, currently occupied by Boot Barn, has sold for $8.3 million. The property, located at 8500 East Orchard Road in Greenwood Village, totals 86,600 improved square feet on 4.8 acres and was constructed in 1977. Sidford Capital, a Denver-based commercial real estate investment firm, purchased the property …
Snyder Building Construction Completes $1.8M Adaptive Reuse Project
Snyder Building Construction has completed the $1.8M renovation of the old lighting outlet in Englewood, located at 3400 South Broadway. The 100-year-old building now bolsters exposed ceilings, glass storefronts and new offices. The renovation, designed by ArcWest Architects, features significant upgrades to all levels, a new 6,750-square-foot finished office and nearly …
Denver-based BluSky Restoration Contractors Merges with Missouri-based United Services
DENVER — On Wednesday, Denver-based BluSky Restoration Contractors, LLC announced a merger with St. Louis, Missouri-based United Services, a full-service disaster restoration company serving commercial and residential clients since 1988. “BluSky and United Services share similar missions and core values that are driven first and foremost by providing best-in-class customer …