Castle Rock apartments sell for $67M, UCHealth buys a City Park West building and a 30k sq. ft. industrial lease is signed in Denver.
The Pipeline: Commercial real estate deals for 4.21.23
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 thomas@BusinessDen.com.
Friends plan four-story condo project in Cherry Creek
“Nothing in real estate is a sure thing. But Cherry Creek is something special to both of us,” said Dave Bracht, who has been friends with Frank Penn since the 1990s.
Lincoln Park site eyed for apartments sells for $5.5M
The property is within a largely industrial area, although Denver Water’s headquarters is within a couple blocks.
Denver Housing Authority seeks developer to build housing in Golden Triangle
The organization paid $5.85 million for the site along Delaware Street in 2021.
Lender owed $50M seeks receiver for DTC office complex
It’s the second recent sign of trouble for the Fous Property Group, led by CEO Bahman Shafa.
RiNo venue Number 38 plans expansion to southern suburbs
The company behind the bar and music venue paid $1.35 million last week for just shy of an acre along South Broadway.
Denver looks to extend deadline for exemption from new development rules
“We really feel like this is a fair resolution to the difficult situation our customers have been in,” a spokeswoman for Community Planning and Development said.
The Pipeline: Commercial real estate deals for 4.14.23
Adjacent medical office buildings in the DTC sell to the same firm, and an auto repair chain buys land in Littleton.
Cherry Creek office building fetches $12.5M after 48-year hold
The buyer is affiliated with a family-owned oil and gas firm headquartered two blocks away.
Condo project planned for Cherry Creek to be branded Waldorf Astoria
The developer is currently building a 100-story tower in Miami featuring similar branding.
