Local Investor Bags Southwest Denver Apartments for $62M
12.19.16 Denver Apartment Building Sale, Multifamily Real Estate ColoradoGriffis Residential acquired the 332-unit Monterey Apartments at 4601 S Balsam Way in southwest Denver for $62M. The seller was a local family operating as Monterey Fox LLC. Griffis owns a number of properties in metro Denver; in November, the company bought a ...
Lehrer’s Flowers/Associated Wholesale Florist Sells $2.4M
12.18.16 Commercial Real Estate Denver, Denver Retail Building Sold, Justin KriegerPinnacle Real Estate Advisors, LLC sells the net leased Lehrer’s Flowers/Associated Wholesale Florist retail/warehouse property located at 2100 West Mississippi Avenue & 1120 South Zuni Street in Denver, Colorado. The property, consisting of two ...
BP to open 86,000-square-foot office on Platte St.
12.15.16 Commercial Real Estate Denver, Denver Economy, Denver EmploymentBP announced Friday it will open a new office for its Lower 48 onshore business operations at an 86,000-square-foot office space it leased on Platte Street. The energy giant will anchor Riverview, a new 203,000-square-foot office building Trammell Crow Co. is ...
Retail has recovered so strongly in Denver that investors are looking away from the urban core for deals—especially to places where growth seems primed because of new connections to the RTD. Arvada is one such market, with the Gold Line coming next year. ...
N.Y. hotelier nabs historic Uptown school for $7M
12.13.16 Colorado Real Estate, Commercial Real Estate Denver, Creative Office SpaceA New York developer now has the keys to a century-old Uptown school building. An entity headed by Shift Workspaces owner Grant Barnhill sold the former Cathedral High School in Uptown to a New York-based hotelier. The $6.86 million sale was recorded in a ...
Apartment Vacancy Rate Stays Low, Surprising Researchers
12.10.16 Apartment Vacancy Rate, Commercial Real Estate Denver, Denver Apartment MarketExperts warned that hundreds of thousands of new apartments would open in 2016 and drive up the vacancy in the sector. But for most of this year, average vacancy rates stayed low. “The market has proved to be incredibly resilient,” says John Sebree, first ...