DevelopmentFinanceMultifamilyOfficeRetail

Speculative Mixed-Use Project in Boulder Receives Construction Financing

Developer, Phil Day of PMD Realty has received construction financing for the redevelopment of 1102 Pearl Street, in Boulder. The 3-story mixed-use project will consist of 17,961 rentable square feet, featuring ground floor retail, office use on the second floor, and luxury multifamily rental units on the third floor. The corner development …

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BrokerageRetail

CBRE Completes Series of Small-Format Retail Property Sales

Despite the pandemic, the retail investment sales market in Colorado remains active. CBRE has announced the sale of six small-format retail properties located throughout metro Denver and Colorado Springs, totaling over $19.0 million. Brad Lyons, Matthew Henrichs and Parker Brown of CBRE Capital Markets, National Retail Partners, represented the sellers …

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Retail Shopping Center Sells in Lafayette

Starbucks Shops at Lafayette, a retail investment property located at 1137 Diamond Circle in Lafayette, has sold for $5.6 million. Austin Snedden, associate, Ryan Bowlby, first vice president of investments, and Drew Isaac, senior vice president of investments, of Marcus & Millichap (NYSE: MMI), exclusively marketed the asset on behalf of …

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ConstructionDevelopmentMultifamilyRetail

Southern Land Company’s Bespoke Uptown Community Welcoming Residents

Bespoke Uptown community at 17th and Pearl Streets in Denver, is now open to residents. Blending modern conveniences with historic neighborhood preservation, the development features 316 upscale apartments spread over 10 floors with over 12,000 square feet of ground-level commercial space. Southern Land Company worked with Historic Denver to preserve …

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BrokerageDevelopmentIndustrialLand SalesRetail

Becknell Industrial to Develop Industrial Distribution Facility in Commerce City

According to Cushman & Wakefield, Becknell Industrial has purchased two land sites totaling 170 acres, along with a subsequent lease for a brand new 1-million-square-foot build-to-suit distribution location for a yet to be named national home improvement retailer, in Commerce City. Becknell purchased the land for a combined $22.4 million, according …

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Dunton Commercial Buys Pueblo Retail Center

Greenwood Village-based Dunton Commercial, a professional, commercial real estate company offering property management, accounting, investment, and advisory services, has purchased a 90,000-square-foot retail center in Pueblo, for $5,980,000. The acquisition also included four outparcel pad sites. The seller, according to county records, was Belmont Squared LLC, which is registered to Stephen Elken. …

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ArchitectureDesignDevelopmentHospitalityInvestmentRetail

Restoration Hardware Invests $105M in Aspen Portfolio

Restoration Hardware (RH), a curator of design, taste and style in the luxury lifestyle market, announced it is making an initial equity investment of approximately $105 million in connection with real estate development initiatives in Aspen. The investment includes properties that will be developed into retail locations, hospitality concepts, residential …

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ReportsRetail

Online Shopping Returns Putting Pressure on Industrial Market

The latest CBRE report takes a look at the impact online returns are having on the industrial market. Record e-commerce sales triggered by the pandemic will drive more returns of goods, stressing supply chains and increasing demand in the already tight industrial real estate sector. According to the report, e-commerce …

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DevelopmentIndustrialMultifamilyOfficeReportsRetail

Avison Young Release Denver Market Forecast for 2021

In 2020, Denver remained in the top twenty markets for total investment volume for the year ending in 3Q 2020, with large deals occurring across the sectors even amidst the pandemic. And, according to the Avison Young market forecast for Denver in 2021, Denver’s investor interest will likely persist next year, …

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Buyer of Denver’s Historic Larimer Square Announced

It was officially announced today that North Carolina-based Asana Partners has acquired Larimer Square from long-time owner Jeff Hermanson. With the acquisition, the real estate investment firm, known for enhancing and operating distinctive mixed-use and retail properties in dynamic urban and near-urban markets, will assume ownership of 25 properties totaling nearly 250,000 …

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