A small retail building in RiNo sells, Dunton Commercial makes its first acquisition and a restaurant building in the Highlands gets a new owner. NKF reports the week’s largest lease.
The Pipeline: Commercial real estate deals for 3.22.19
Thomas Gounley
Thomas covers commercial real estate and development. He is a graduate of the University of New Hampshire and previously worked as a business reporter at the Springfield News-Leader. Email him at [email protected].
Developer pays $3M for corner lot along Tennyson Street
The buyer is currently building a condo project in LoHi, and plans to construct an office building in the Golden Triangle.
Hotelier planning 14-story project pays $8M for downtown parking lot
The deal for the lot at the corner of 18th and Champa streets works out to $638 a square foot.
Larimer Square owner says he won’t demolish any historic structures along block
Jeff Hermanson is looking to redevelop portions of the block, saying it would make it financially feasible to undertake tens of millions in needed renovations.
No, it’s not a hotel: Glendale’s tallest building sells for $36M
Seller: “Most people, even in the real estate industry, don’t know it’s an office building.”
Apartment complexes sell for $177M in area’s largest multifamily deal since 2016
Denver-based BMC Investments and California-based Oak Coast Properties plan to rebrand the complexes just outside Denver city limits as Ivy Crossing.
Private equity firm pays $7M for site in Arapahoe Square
Although the properties were marketed as a redevelopment opportunity, the buyer doesn’t have immediate plans to alter the site along Curtis Street.
The Pipeline: Commercial real estate deals for 3.15.19
A downtown Golden building sells for $16M, a hotel near Denver Health fetches $27M and Savills Studley reports the week’s largest lease.
Parking lots north of 9th and Colorado sell
The new owner plans to develop an apartment building on one of the lots.
Halcyon hotel sale in Cherry Creek sets Denver record on per-room basis
The previous high mark was set in August when the downtown Ritz-Carlton sold for about $496,000 per room.
