Regions West | Denver
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.
Pair of Luxury Resort Condo Projects Planned for Denver Ski Community
Fairmont Hotels & Resorts will soon debut two new upscale resort condominium properties just outside of Breckenridge, Colo., about 80 miles from Denver.
Lowry Range Could Be Colorado's First Large-Scale Solar Development
The mixed-use community's developers are doing research to decide if the concept is viable.
Seiple Joins SV Capital as Partner
SV Capital said today that John Seiple Jr. will join the firm as a partner focusing on the firm’s capital market activities.
Builder on Board for Homeless Housing Project
The Colorado Coalition for the Homeless and Renaissance Housing Development Corp. have tapped Alliance Construction Solutions to build the Renaissance Uptown Lofts,  a 99-unit apartment complex designed to provide permanent housing for those plagued by chronic homelessness.
Thomas Properties Expands Investment Management Platform with $250M JV Allocation
Thomas Properties Group Inc. has entered into an agreement with UBS Wealth Management/North American Property Fund Limited, in which UBS will allocate $250 million to a joint venture program with Thomas Properties to acquire class A office properties in U.S. markets.
ProLogis Plans Green Industrial Park in Denver Metro Area
Ground will be broken later this year on the 1.2 million-square-foot center, which will be built according to LEED guidelines.
$25M Trade of Denver Radisson Closes
The 478-room Radisson Hotel Denver Southeast in Aurora, Co., officially became part of Red Lion Hotels Corp.'s portfolio with the closing of the company's $25 million acquisition of the hotel.
Prologis Expands in Denver
ProLogis has announced that it will develop a new, master-planned industrial park in Denver.
Kaiser to Set Up Shop in Denver
Kaiser Permanente has announced it will relocate part of its Consolidated Service Center from Fort Worth, Tex., to the Denver area.
Law Firm to Relocate and Consolidate at Arista
Wiens Real Estate Ventures' behemoth Arista development in Broomfield will soon become home to Donelson Ciancio Goodwin & Juarez P.C., now that the firm has committed to 15,000 square feet at the mixed-use destination, according to the Boulder County Business Report.
12,500SF Industrial Property Trades Hands
Ownership of the 12,500-square-foot industrial building at 3810 Norwood Dr. in Littleton, Colo., has just changed hands. Blue Properties L.L.C. snapped up the property from Titan Holdings L.L.C.
Ohlson Lavoie to Design 8.1MSF Mixed-Use Project in Cairo
Denver's Ohlson Lavoie Collaborative has been chosen as the architect of record for the design of the 8.1 million-square-foot Cairo Financial Center on 15 acres in Cairo.
 

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