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Market News - Colorado and Denver Metro
Denver Commercial Real Estate News From CoStar Group
Fountain Multifamily Portfolio Sells for $2.6 Million
2/22/2012 4:18 AM
Hung Tran acquired four multifamily properties in Fountain, CO, from RTI Properties Inc. for nearly $2.62 million or $23 per square foot. The property consists of 104 units in four buildings totaling 116,050 square feet: 420 and 430 Royalty Place, built in 1970, and 504 and 506 Windsor Lane, built in 1972. John Laratta at Hendricks & Partners represented the seller and the buyer. Please refer to CoStar COMPS #2259125 for more information...
Opus to Build Apartment Tower In Lower Downtown
2/22/2012 3:39 AM
Opus Development Corp. and Amstar announced plans to build a 10-story apartment building at 1490 Delgany St. in downtown Denver west of Union Station. The 285-unit apartment joint venture will include 4,000 square feet of ground-level retail which may be used by the Museum of Contemporary Art (MCA). Opus Development is the developer, with Urban Market Partners of Denver acting as co-developer. Opus Design-Build, L.L.C. will build the building...
AEIS Leases 63,627 SF in Fort Collins
2/22/2012 3:34 AM
Advanced Energy Industries Inc.(Nasdaq:AEIS), a global leader in reliable power conservation solutions, signed a 10-year lease extension for about 63,627 square feet in the flex building at 2424 Midpoint Drive in Fort Collins, CO. Founded in 1981, Advanced Energy Industries provides conservation solutions used in thin-film plasma manufacturing processes and solar energy generation and has about 1,474 employees globally. Constructed in 2000,...
Woodspear Pays $4M for Aspen Arms Apts.
2/22/2012 3:11 AM
Woodspear Properties acquired the apartments at 4175 E. Mexico Ave. in Denver, CO, from Aspen Arms Apartments for $4.05 million or $79,412 per unit. The 51-unit, 53,685-square-foot multifamily building was delivered in 1961 and was 96 percent occupied at time of sale. The property traded in an all cash deal. The escrow period was 120 days. Greg Price of Marcus & Millichap was the listing broker. For additional information, please see...
Holton Group Buys Boulder Office for $4.7M
2/21/2012 9:42 PM
The Holton Group acquired the
office building
at 1000 Alpine Ave. in Boulder, CO, from Community Hospital Association for $4.65 million, or approximately $156 per square foot. The two-story 29,729-square-foot structure is on 1.7 acres and was built in 1967. Scot Smith and Wade Arnold of The Colorado Group Inc. represented the seller, and Element Properties represented the buyer. Please refer to CoStar COMPS #2257861 for more information on...
WSJ Commercial Real Estate News
Showdown in Stamford for Developer Rosen
2/21/2012 7:25 PM
Developer Aby Rosen, who has been fighting headwinds to shore up his highly leveraged U.S. office buildings, faces a new threat, this one to his firm's large portfolio in Stamford, Conn.
Texas's Hines to Double Down in London
2/21/2012 7:16 PM
Hines, one of the world's largest real-estate groups in terms of assets, is preparing to spend $1.6 billion on buildings in the U.K., doubling its assets in the country in an effort to diversify away from riskier acquisitions.
'Avatar' Blues for Builder
2/21/2012 8:12 PM
Development company Avatar Holdings has to change its name because of confusion with the popular "Avatar" movie.
Grubb & Ellis Seeks Quick Sale
2/21/2012 7:13 PM
Commercial real-estate firm Grubb & Ellis Co. filed for Chapter 11 bankruptcy protection, requesting an expedited sale as it faces $30 million in debt that matures on March 1 and insufficient cash to make it through the first quarter.
Amazon Acquires Blocks in Seattle
2/17/2012 7:26 PM
Amazon is buying property in central Seattle with plans to construct about 3 million square feet of office space, a move that could have the company owning its headquarters for the first time amid big expansion.
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