Regions West | Denver
Bascom Nabs Denver-Area M-F for $32M
Nov. 26, 2008
The Bascom Group L.L.C. has acquired a 320-unit Class A apartment community in the Denver suburb of Aurora, Colo., in a $32.2 million deal with seller Steadfast Cos.
American Realty Adds 304-Unit Denver-Area M-F to its Portfolio
Oct. 24, 2008
Acting on behalf of one of its commingled funds, American Realty Advisors has purchased ALARA Greenwood Village, a 304-unit apartment community at 5400 Park Terrace, approximately 10 miles south of downtown Denver in Greenwood Village
JLL Hotels Arranges Sale of 3 Hotel Monacos
Sept. 17, 2008
Jones Lang LaSalle Hotels has announced the sale of the Hotel Monaco Chicago, Hotel Monaco Denver, and Hotel Monaco Salt Lake City on behalf of institutional clients advised by PREI--Prudential Real Estate Investors.
Apartment Complex in Chic Denver Community to Undergo $65M Expansion
Sept. 11, 2008
The Seasons of Cherry Creek, a 439-unit luxury apartment property in Denver's tony Cherry Creek neighborhood, is about to experience a growth spurt. RedPeak Properties, which acquired the multi-family asset for $75 million in 2005, just broke ground on a $65 million expansion project that will add 148 residences to the complex.
UDR Wraps Up Reinvestment of Funds from $1.7B 1031 Exchange
Sept. 08, 2008
Almost exactly six months after closing on the sale of 86 apartment properties to DRA Fund VI L.L.C. and joint venture partner Steven D. Bell & Co., UDR Inc. has concluded the reinvestment of 1031 exchange funds from the from the $1.7 billion sale.
Denver Office Market Expected to Close the Year in Good Standing
Sept. 05, 2008
The future looks rosy for the Denver office market. As per a recent research report by Marcus & Millichap Real Estate Investment Services, the Rocky Mountain city is on track for a steady operating performance for 2008, and a positive performance for the long-term.
Energy Firm to Shell Out $300M to Build Two Plants in Denver Area
Aug. 22, 2008
Just months after completing construction of its first North American manufacturing facility in Windsor, Colo., Denmark-based Vestas has revealed plans to develop two additional plants in suburban Denver at a total cost of approximately $300 million.
Denver Apartment Community Commands $31M
Aug. 15, 2008
After four years, the for-sale sign at Orchard Crossing has finally come down. Oakwood Homes sold the 420-unit Class A apartment complex to multifamily property developer and manager Dominium for just over $31 million, as per an article by CREFeed.com.
Construction Kicks Off on Tech Firm's Office Building in Loveland
Aug. 08, 2008
Ground has broken on Waltham, Mass.-based Constant Contact Inc.'s new 50,000-square-foot office building in Loveland, Colo. Located near the intersection of Rocky Mountain Ave. and Test Dr. in Precision Office Park at Centerra, the build-to-suit facility will mark the e-mail marketing provider's first foray beyond its corporate headquarters home in Massachusetts. McWhinney is on board to oversee development activity, and Dohn Construction is serving as general contractor. Work is scheduled to reach completion in early 2009.
Bascom Acquires Denver-Area M-F for $60M
July 29, 2008
The Bascom Group has acquired Gleneagles Apartments, a 562-unit property in Northglenn, Colo., a northern suburb of Denver, for $60.8 million. The seller was Principal Life Insurance Co.
130,700SF Denver Office Tower Fetches $32M
July 11, 2008
A transaction that resulted in a change in ownership of The Citadel, a nearly 130,700-square-foot office building at 3200 Cherry Creek South Drive in Denver, Co., has recently closed. KBS Realty Advisors acquired the seven-story building from Fort Worth, Tex.-headquartered Crescent Real Estate Equities L.P. for approximately $31.8 million.
Seattle's Schnitzer Moves into Denver with 2-Building Office Grab
July 01, 2008
Seattle-based Schnitzer West has ventured into the Denver market with its first acquisition there, a pair of offices that Schnitzer has bought in a joint venture with ING Clarion Lion Value Fund. The properties were purchased from Crescent Real Estate Equities L.P. for an undisclosed amount.
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