The purchase gives the firm an additional $575 million under management, bringing it to approximately $1.1 billion.
Thomas covers commercial real estate, development and law. 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].
A shuttered Veterans of Foreign Wars post in Denver’s Overland neighborhood is set to be repurposed.
The owners of a clothing retailer have sold their property for a 250 percent return on the price they paid in 2010.
Plans for the tower, which has yet to receive final approval from the city, call for 238 units on the current site of a parking lot.
The new owner is a family company making its first entry into the Denver market, with hopes to buy more properties.
An industrial portfolio sells for $51 million, and Newmark Knight Frank reports the biggest lease in this week’s roundup.
Ten units would replace an 850-square-foot home on the quarter-acre lot, which was purchased for $1 million.
The approval allows the private developer to purchase two transportation department properties in the Mile High City for a combined $19 million.
Denver’s planning department had indicated multiple development options have been considered for the site for a year.
Pawn Stars LLC paid $655,000 for the property at the edge of the Westwood and Athmar Park neighborhoods.