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Shoppes at Highpointe is a unique development with three separate ownerships. It will include retail, full service restaurant with rooftop patio, 90 unit assisted living retirement near the north side of the property and Highpointe Apartments, 362 units in a five story complex. Highpointe neighborhood is supposed to be the highest elevation point in Denver….
Fairfield Residential LLC, purchased Pinnacle at Hunters Glen at 12801 Lafayette St. in Thornton Colorado from BRE Properties Inc. for $29.9 million or $113,258 per unit. The 264 unit multifamily complex was constructed in 1998. It totals 220,130 square feet and consists of 12 buildings….
AutoNation purchased the 37,124 square foot auto dealership property at 759 W. 104th Ave. in Northglenn Colorado from a private owner for $5.76 million about $213 per square foot. The property has four buildings and also includes 6.84 acres at the northeast corner of West 104th Ave….
The Great Western Industrial Park near Windsor – once the home of major Eastman Kodak Co. operations that employed more than 3,000 is now home to a host of companies that reflect a microcosm of Colorado’s energy economy. The latest is Halliburton Co., which was expected to announce Jan 19 that it will occupy 54 acres at the site. The industrial park is owned by The Broe Group, a private real estate development company based in Denver covers about 1,800 acres.
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With year over year vacancy rates declining in all three submarkets, metro Denver’s commercial real estate is poised for continued recovery in 2012, according to fourth quarter Market View from CBRE Inc. The metro Denver office market’s vacancy rate dropped to 15.7% in the fourth quarter, down 0.1 percent from the third quarter and 0.3 percent from the fourth quarter of 2010. The retail and industrial markets declined year over year to 8.1 and 7.8 percent respectively, from 9.6 and 8.6 percent.
Overall office lease rates stood at $19.75 per …
Riding the strength of the growing multifamily-housing submarket in metro Denver,Holland Partners Group plans three large apartment complexes that could bring almost 800 units to the market before 2014. Clyde Holland, a former West Coast managing partner for Trammell Crow Residential, formed the company 11 years ago. The Vancouver, Wash.-based Holland, which has a regional office in Denver, recently broke ground on the Highlands Bridge Lofts, a 130-apartment, mix-use development in the trendy LoHi neighborhood at 16th and Boulder streets.
Th…
Transwestern Investment Management purchased the Class A office building at 198 Inverness Drive West in Englewood, Co. from Lowe Enterprises Real Estate Group for $37.4 million or $232 per square foot. TIM made the acquisition on behalf of a pension client.
The 160,851 square foot office building was built n 1990 and renovated in 2009….