Desirable Cherry Creek Office Building Sells for $55M

Financial House, a 73,000-square-foot office building located on the North West corner of 2nd and Detroit, at 205 Detroit Street in Cherry Creek, sold last week for $55 million. Denver-based Bow River Capital + BMC Investments sold the 100 percent leased building to Denver-based EverWest Real Estate Investors. Current tenants include: Amazon Books, …


2019 is “The Year of the Food Hall”

At a time when headlines about the retail sector remain dominated by stories of closures and bankruptcies, food halls have emerged as one of the hottest growth trends — spurring real estate trade journal Globe Street to declare 2019 as “The Year of the Food Hall.” But what began as …


JLL Arranges $20M Financing for New Denver Retail Property

JLL has secured $20 million in refinancing for Central Park Retail, a 61,443-square-foot, Class A, multi-tenant retail center in Highlands Ranch. JLL worked on behalf of the borrower, Shea Properties, to secure the 12-year, 3.65%, fixed-rate loan with a correspondent life insurance company lender. Loan proceeds will be used to …


Revolutionary Fitness Concept Makes Colorado Debut

The boutique fitness studio developed by celebrity trainer Anna Kaiser, AKT, will open their first Colorado location in early September at 2445 3rd Street, in the heart of Cherry Creek North. An additional location is also slated for end of the year in RiNo at LOT Twenty Eight, an adaptive reuse development in the heart of Denver’s …


Confluent Development Completes Raising Cane’s First Location in Colorado Springs

Confluent Development, a Denver-based real estate investment and development firm, has completed and sold its retail project featuring Raising Cane’s first location in Colorado Springs. The restaurant celebrated its grand opening in May and is a strong example of Confluent’s continued growth and expanding client roster of national brands. Serving as …


Local Developer Proposes Development on Westminster’s Last Remaining Parcel of Farmland

Local development company Oread Capital & Development — which acquires, develops, and operates best-in-class residential and mixed-use communities, primarily in the Denver and Boulder market areas — has proposed development for 230 acres between 88th Avenue, Federal Boulevard, Lowell Boulevard, and 82nd Avenue in Westminster, on the last remaining parcel of farmland …


Gart Properties Acquires Orchard Plaza, Building on Strong Colorado Footprint

Gart Properties LLC, a Denver-based privately held real estate company has acquired the 155,000-square-foot retail and service center, Orchard Plaza, located in the heart of the Denver Tech Center, at the northwest corner of East Orchard Road and South Yosemite Street. A purchase price was not disclosed. The center’s tenants include Primrose School, Starbucks, Federal Express and …


Brinkman Acquires Large Retail/Office Center in Steamboat Springs

As part of their strategic acquisitions plan, real estate development and investment company Brinkman, has acquired a significant retail/office center in Steamboat Springs, CO, off Highway 40 and Pine Grove Road. The 67,000-square-foot property, Sundance @ Fish Creek, is in a prime location between the downtown corridor and the popular Steamboat ski …


Retail and Multifamily Development Planned for Littleton’s Bowles Crossing

Bowles Crossing, a retail, dining and entertainment center managed by Phoenix-based Vestar, today announced the recent and upcoming development of several new retail stores, restaurants and service centers, in addition to a refreshed exterior and plans for a multi-family development.  “Bowles Crossing looks and feels very different than it did …


Denver Office Industrial and Retail Sectors Look Strong in Q2

Metro Denver’s office, industrial and retail real estate sectors posted healthy performance in the second quarter of the year according to CBRE’s Q2 2019 MarketView reports. “The office sector performed notably well, with near record-level absorption, rising lease rates, robust construction activity and strong sales volume. The industrial sector saw nearly 1 …