The asking price is millions less than the Chicago-based firm paid for it in 2022.
Developer lists site of proposed third X Denver complex for sale
Matt Geiger
Matt Geiger covers commercial real estate and development for BusinessDen. He joined the newsroom in October 2023 after interning in the summer of 2022. He is a graduate of Ohio University.
New firm poised to land $371M contract to operate DIA buses
Denver International Airport is preparing to bring in a new firm to operate its shuttle buses. Airport leadership has asked the Denver City Council to award a $371.1 million contract to Connecticut-based LAZ Parking. The contract would run for seven years, with three one-year extension options. A council committee advanced the contract last week. The… Read more »
Developer pays $7M for shuttered motel site at Colfax and Colorado
The Royal Palace Motel closed over a decade ago. The property’s seller paid $850,000 in 2004.
The Pipeline: Commercial real estate deals for 1.19.24
A massive apartment deal in LoHi, a Lone Tree office building fetches $23M and more sales and leases.
Media entrepreneur bringing ‘scrappy’ retail redevelopment approach to Arvada
Ben Jones, who previously did a project along Tennyson, is moving his video production firm from LoHi as part of the effort.
Pinnacle Real Estate Advisors hires two for leadership roles
The new president and managing director previously worked at CBRE, Newmark, Cushman & Wakefield and other firms.
New X Denver 2 complex in Arapahoe Square faces $20M in liens
A new Arapahoe Square apartment tower has nearly as many liens as it does floors. Fourteen firms have active liens filed against a Chicago-based developer’s X Denver 2 project at 2100 Arapahoe St., public records show. The firms collectively say they’re owed north of $20 million and range from the general contractor on down to… Read more »
The Pipeline: Commercial real estate deals for 1.12.24
RiNo apartments fetch $22M, a new 7-Eleven sells and a 60k sf industrial lease is signed in Aurora.
High dollar: Dispensary buys its LoDo real estate
Rocky Mountain High has been leasing the ground floor of 1538 Wazee St. since 2010.
MSU Denver pays $4M for building it leased in Lincoln Park
The seller, who paid $1.6 million in 2013, listed it for sale last summer.
