Regions West | Denver
saddle river Bascom Nabs Denver-Area M-F for $32M
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.
Behringer Harvard Buys 185,000-SF Office Building in Denver
Acting through Behringer Harvard Opportunity REIT II Inc., Behringer Harvard has acquired a 185,000-square-foot office property in Denver from Principal Life Insurance Co.
American Realty Adds 304-Unit Denver-Area M-F to its Portfolio
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
$55M Financing Deal Wraps Up for New Ritz-Carlton Denver
A $55 million mortgage loan for the 202-room Ritz-Carlton Denver, located in downtown Denver at 1881 Curtis St., has just closed
Sunrise to Take its Innovative Independent Living Brand to Denver Area
Sunrise Senior Living has revealed plans to open the Stratford at FlatIrons, an independent living community that will be located approximately 15 miles from Denver in Broomfield, Colo.
JLL Hotels Arranges Sale of 3 Hotel Monacos 
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
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
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
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.
Apartment Property in Boulder Pulls in a Record $197,000 Per-Unit
Uptown Broadway, a multifamily community in Boulder, has traded for $23 million.
Energy Firm to Shell Out $300M to Build Two Plants in Denver Area
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.
card First U.S. Wooden Key Cards to Debut in Denver at Democratic National Convention
At the Democratic National Convention in Denver this year, "green" key cards will be used in Denver hotel rooms--their debut in this country, according to Sustainable Cards and their manufacturer CPI Card Group. More than 70,000 biodegradable cards will be issued and used in area hotels.
Denver Apartment Community Commands $31M
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
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
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.
60,000SF Build-to-Suit Office Planned at 500-Acre Mixed-Use Project in Aurora
Development and construction firm Lauth has formed a joint venture with Lend Lease Communities to erect a 60,000-square-foot office building at Horizon Uptown, a 500-acre mixed-use development in Aurora, about 15 miles from Denver, Colo.
Turnkey Office Provider Opens 15,000SF Center in Cherry Creek
The Regus Group has leased 15,000 square feet at 100 Filmore Street in Cherry Creek, Colo., to house its newest turnkey office center.
130,700SF Denver Office Tower Fetches $32M
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.
Starwood Land Ventures Adds West Region President to Oversee Expansion
Starwood Land Ventures L.L.C. continues to expand its nationwide presence with the addition of West region president, Michael Forsum.
44 cook Seattle's Schnitzer Moves into Denver with 2-Building Office Grab
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.
Denver Retail to go Relatively Unscathed in Economic
According to a second quarter report by Marcus & Millichap, the retail market in Denver is on track to maintain its healthy fundamentals this year, despite the nation's souring economy.
IBM Debuts $86M Green Expansion at Boulder Campus
IBM has wrapped up the development of a new 115,000-square-foot data center at its existing campus in Boulder, Co.
106,000SF Suburban Denver Office Building Sold
The 106,000-square-foot office building carrying the address of 6415-6455 Business Center Drive in Littleton--about 20 miles from Denver, Co., has sold.
Marcus & Millichap Sells Walgreen Portfolio for $35M
On behalf of the seller, Lifter Realty, Marcus & Millichap Real Estate Investment Services has arranged the sale of an eight-property Walgreens portfolio spanning six states for $35 million.
503-Acre Green Mixed-Use Project in Aurora Gets Thumbs Up
The City of Aurora has just signed off on the Framework Development Plan for Horizon Uptown, a 503-acre mixed-use project planned by Lend Lease Communities in Aurora, Co.
 

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