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Colorado Springs Commercial Real Estate
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Commercial Real Estate News
Tabor Center Owners Submit Plans for Second Tower
After years of speculation about the impending development of a second tower at downtown Denver’s Tabor Center, one of the project’s architects has submitted a preliminary proposal to the Denver Department of Planning and Community Development. Chicago-based Callahan Capital Partners recently completed a plaza and lobby renovation on its existing 30-story, 734,915-square-foot tower at 1200 17th St. Developers laid groundwork decades ago for a second...
Master Planning Effort Near Broncos Stadium Kicks Off
Master planning efforts for a redevelopment south of the Broncos' stadium in Denver’s Sun Valley neighborhood kick off this spring with a series of public meetings, the city’s Department of Community Planning and Development said Wednesday. The Broncos and the Metropolitan Football Stadium District, which operates the stadium, are considering the creation of mixed-use development on the surface parking lots that are used only on game days and for...
HFF Appoints Perry to Director
Nathaniel Perry has been appointed to director at HFF in Denver. Working alongside Jules Sherwood, managing director of HFF Denver, Perry will specialize in office and industrial investment advisory transactions in the market. Perry was formerly a senior associate in the investment services group at Transwestern, where he closed more than $28 million in commercial real estate transactions. Perry holds bachelor's degree from the University of...
Re/Max World HQ Building Sells for $115 Million
In the biggest office sale so far in 2018, the property that houses Re/Max LLC’s global headquarters has traded for $115 million, according to Denver County public records. Equity Commonwealth, a real estate investment trust that is part of Sam Zell’s Chicago-based Equity Group Investments, sold the property to KORE Investments, a Centennial, CO-based real estate company. A representative of KORE Investments did not respond to a request for...
JLL Denver Brings in Familiar Face to Help Grow Project & Development Services Practice
Todd R. Smith has returned to JLL to help grow the firm's project and development services practice in the Northwest region. Smith spent five years as a vice president in JLL's capital markets group in Chicago and as a member of the management/leasing and development teams in Denver before leaving in 2003 to launch Sagaci Ltd., a commercial real estate company that specializes in project management, program management and complex projects. In...
Walker & Dunlop to Acquire Denver-Based JCR
Bethesda, MD-based commercial real estate and finance giant Walker & Dunlop (NYSE: WD) has entered into an agreement to acquire Denver’s JCR Capital for an undisclosed sum. JCR is a real estate private equity firm with clients throughout the U.S. and more than $800 million in assets under management. The company invests in joint venture equity, mezzanine debt and transitional first-trust loans, and in 2017 closed more than $300 million in debt...
Unico Sells 1660 Lincoln in Downtown Denver
Unico Properties has sold the 31-story office building at 1660 Lincoln St. nearly five years after acquiring it, multiple sources told CoStar News. The buyer is Westport Capital Partners, a real estate investment firm out of Wilton, CT. Westport, which also owns the Inova Corporate Center in Englewood and 7100 Belleview in Greenwood Village, purchased the downtown Denver high-rise for $67.2 million, according to Denver County public records. Located...
Pair of NY Firms Buy Denver Apts. for $65.5 Million
Two New York-based companies have acquired a 43-year-old Denver apartment complex for $65.5 million. Besyata Investment Group and The Scharf Group purchased One Dartmouth Place, a 418-unit property at 11100 E. Dartmouth Place in Denver, for nearly $157,000 per unit, from RedHill Realty Investors. Built in 1975, the Class C, low-rise apartment community consists of studio, one- and two-bedroom apartments ranging from 650 to 1,300 square feet. RedHill...
Madwire to Expand in Fort Collins With New Lease
Madwire, a northern Colorado marketing software and services company, is set to grow its operations after signing a 102,000-square-foot lease at 3405 S. Timberline Rd. in Fort Collins. The new office space will allow the company to significantly expand its employee count beyond what is possible in its existing office space at 3420 E. Harmony Rd. Madwire originally launched in 2009 in Loveland, but relocated to Fort Collins in 2016 in an effort...
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