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Market News - Colorado and Denver Metro
Denver Commercial Real Estate News From CoStar Group
Westminster Village Trades for $2.5M6/17/2013 9:32 PM
Brin Holdings LLLP and Matrix Group, Inc. acquired Westminster Village at 5654-5740 W. 88th Ave. in Westminster, CO from CRZ LLLP for $2,495,000, or about $83 per square foot. The single-story, 30,179-square-foot retail strip center was built in 1989 in the Northwest Retail submarket of Denver's Jefferson County. Ray Rosado and Tyler Bray of Cassidy Turley Colorado represented the seller. Please refer to CoStar COMPS #2748215 for more information...
Del Arte Lofts & Flats Sells for $33.4M6/17/2013 8:02 PM
Wood Partners acquired the Del Arte Lofts & Flats at 121 S. Joliet Cir. in Aurora, CO from The Praedium Group LLC and Hamilton Zanze & Co. for $33.4 million, or about $95,000 per unit. The 17 three-story, garden-style apartment buildings consist of 351 units. It was built in 1985 and the sellers recently completed a capital improvements campaign which included a new clubhouse. The Praedium Group is a national real estate investment firm based...
High Performance Engineering Signs 85,000-SF Lease at ArrowsWest6/17/2013 7:50 PM
High Performance Engineering, Inc. signed an 85,319-square-foot lease at the ArrowsWest Bldg I located at 4435 Arrowswest Dr. in Colorado Springs, CO. The two-story, 172,045-square-foot flex building was built in 1984 in the Northwest Industrial submarket. David Bacon and Aaron Horn of Sierra Commercial Real Estate represented both the tenant and the landlord, Foundation for Colorado Springs Future.
KBS REIT Aquires Colorado Office Portfolio6/17/2013 7:10 PM
KBS Strategic Opportunity REIT, Inc. acquired the six-building Westmoor Center office portfolio at 10055-10385 Westmoor Dr. in the submarket of Westminster, CO, between Denver and Boulder. CBRE Global Investors sold the portfolio for $86 million, or about $140 per square foot. The six office buildings total 612,890 square feet and were built between 1997 and 1999 and currently 81 percent leased to 22 tenants, including Ball Corp., Lender Processing...
In The Pipeline: CoStar Development & Construction News for June 16 - 226/18/2013 4:46 AM
Port of Seattle Taps Panattoni for 87-Acre Business Park The Port of Seattle has chosen Panattoni Development Co., Inc. to develop the Des Moines Creek Business Park project on 87 acres south of Seattle-Tacoma International Airport. The Newport Beach, CA-based privately-held real estate development firm was picked from a field of four companies to develop a combination of airport-related commercial and light industrial uses at the project valued...

WSJ Commercial Real Estate News
Toll Brothers Offers Some Home Protection6/18/2013 5:36 PM
Heard on the Street: This year hasn't been nearly as good to Toll Brothers' stock as it has been for most other home builders. Investors are missing out.
In San Diego, Politics and Real Estate Mix6/18/2013 9:06 PM
A San Diego-appointed panel last year picked Cassidy Turley to renegotiate city office leases, but the new mayor in April gave the job to a well-connected local broker, rankling some. The city this week signed a new lease for a lower rate.
Lease REITs Take a Big Turn6/18/2013 9:25 PM
Shares of real-estate investment trusts have been hammered in the past month as interest rates have risen, but few have been hit as hard as companies that own properties leased to single tenants such as fast-food restaurants and convenience stores.
Off the Lam6/18/2013 9:16 PM
The saga of a prominent octogenarian Seattle real-estate developer, and more in this week's Plots & Ploys.
Mortgage Rates Rise but Still a Bargain6/18/2013 9:12 PM
Economists say increasing mortgage rates are unlikely to derail the U.S. housing recovery unless they move substantially higher.

 

 

 
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