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Transwestern pays $37.4M for Englewood office

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.

Denver skyscraper 1801 California sells for $215M

Brookfield Office Properties Inc. has closed the sale of one of the tallest office towers in downtown Denver, 1801, California St. Brookfield, with a group of investors, bought the 28-year-old skyscraper for $215 million from PSEG Energy Holdings, a subsidiary of the Newark, N.J.-based Public Service Enterprises Group Inc. Monroe, La.-based CenturyLink holds the master…

Jacobs Engineering takes more space in downtown

Jacobs Engineering Group Inc. is doubling its office space downtown to consolidate its Golden and Denver Operations.  The company’s lease for its Golden office at 1527 Cole Blvd. expired so it has signed a lease for 143,877 square feet at 707 17th St., where it currently has offices on the 23rd floor. The 42-story building…

Not 2007 by a long shot, but apartment sales white hot

Going into the fourth quarter, multifamily sales have already bested 2010 total sales volume by more than $1 billion. The $33 billion in multifamily sales in the first three quarters are up 70% year-over-year compared to the first three quarters of 2010. In addition, when looking at the annual sales volume of apartments compared to…