• Red Lion Hotels Corp. (NYSE:RLH) has hired CBRE to list the majority of its hotel ownership interests for sale. The move comes after the Denver-based hospitality company decided to refocus its business on franchising opportunities, which it said is less capital-intensive and provides higher profit margins. Red Lion Hotels has tapped CBRE to shop 11 of its hotels while working to retain franchise agreements on those assets and added that it is...
  • The following companies announced personnel moves this week: Starwood Capital, Castle Lanterra, Phillips Edison & Co., Transwestern, Cushman & Wakefield, AMCAL, Valencia Capital, United Properties, JLL and Franklin Street.img.pon{display: block; padding: 5px; width: 25%; max-width:180px; max-height: 220px; float: right;} img.pontwo{display: block; padding: 5px; width: 45%; max-width:360px; max-height: 220px; float: right;}SOUTH FLORIDA
  • Brennan Investment Group will add nearly 150,000 square feet of speculative distribution space to suburban Denver with the groundbreaking of Dove Valley Business Center, a new industrial project the company is developing just outside of Denver in Englewood, CO. A Rosemont, IL-based real estate investment company that acquires, develops and operates industrial properties across the U.S., Brennan purchased an 11.08-acre tract at 14101 E. Otero Ave...
  • Hutensky Capital Partners, a real estate fund manager headquartered in Hartford, CT, secured a value-add redevelopment opportunity in northern Denver with the acquisition of Northglenn Marketplace in Northglenn, CO from LNR Partners for $48 million, or about $109 square foot. The 439,063-square-foot Northglenn Marketplace is currently 63% occupied following move-outs over the last several years by former junior anchors Sports Authority, Marshalls...
  • Starwood Capital Group (NYSE: STWD) has sold the 291-unit Greenwood Park complex at 6565 S. Syracuse Way in Centennial, CO to Holland Partner Group and Principal Real Estate Investors. Terms of the deal were not disclosed. Greenwood Park delivered in 1994 minutes west of I-25, Coors Amphitheatre and the RTD-Arapahoe at Village Center Station in Denver's thriving Tech Center submarket. The community consists of one- and two-bedroom apartments, averaging...
  • Greensboro, NC-based Bell Partners and German investment management company Hansainvest closed on their second joint venture investment with the purchase of the Escape at Ken-Caryl from TA Realty for $64 million, or about $256,000 per unit. The 250-unit Escape at Ken-Caryl community delivered in early 2015 on a 10.3-acre site at 12044 W. Ken Caryl Cir. in the southwest Denver suburb of Littleton, CO. The community is situated near the 3,800-acre...
  • JLL has appointed Tracey Lopez (left) and David Belliveau to vice president and senior project manager, respectively, within the firm's project and development services platform in Denver. Lopez will transfer to Denver from the Bay Area to help lead JLL's project management team. She is a 12-year company veteran with extensive experience in commercial construction projects, having previously served as a senior project manager and as a vice president...
  • Transwestern has promoted Craig Paton (pictured left) and John Blackshire to senior vice president and vice president, respectively, in the firm's Denver office. Paton joined Transwestern in 2012 and currently heads up the firm's land sales team and industrial group. Recently, the 32-year industry veteran negotiated the relocation of RoadSafe Traffic Systems and Olympic Metals to proposed facilities in Arapahoe County. Blackshire joined Transwestern...
  • Singapore-based Keppel Corp. has received approval to launch a new REIT on the Singapore Exchange and has reached a deal for that REIT to acquire 11 U.S. office properties from Newport Beach, CA-based KBS Strategic Opportunity REIT, a nontraded REIT. The properties have not been specifically identified nor has a final purchase price been set. However, KBS currently values the portfolio at $800 million with $400 million in outstanding debt, according...
  • Etkin Johnson Real Estate Partners has sold the 65,127-square-foot flex building at 295 Interlocken Blvd. in Broomfield, CO to an individual investor out of California for $8.615 million, or about $132.28 per square foot. This was the buyer's upleg in a 1031 exchange. The property delivered in 1984 and is 92% leased to a stable tenant base made up of technology and software industries. The property is centrally located between Hwy. 36 and Hwy....
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