In what the brokerage touted as the largest suburban office deal of 2015, a single-tenant Greendwood Village office building was sold to a South Korean buyer for more than $113 million.
Commercial Real Estate
The former head of Denver’s development services department is hopping over to the other side of the table, launching a consulting business to guide developers through the maze of government approval.
With an eye for steady, income-producing commercial real estate in the Midwest, a real estate investment company is hoping to raise between $50 million and $75 million in a new fund.
With apartments and ground-floor retail space filling up, a Phoenix firm grabbed a 200-unit building near DU for $82.5 million this week.
A local wedding planner is hoping to do some matchmaking between other small businesses in her industry by bringing them together in a planned co-working space on West Colfax.
In its first development project, a construction firm is planning to build a large new office building in Arapahoe County, while also raising a new $10 million headquarters for itself next door.
In a deal between two development firms busy in the Denver area, the master planner of the Denargo Market redevelopment sold an 11-acre plot prime for a new project.
With thousands of new apartments hitting the market in 2015 and even more on the way this year, landlords are upping their promotion game to lure in new tenants, offering months of free rent, high-end appliance perks and free parking.
Long vacant and overlooked for potential redevelopment, a once broken-down synagogue building in Five Points has a new congregation: an assembly of artists and nonprofits, brought together through an extensive rehab project and $350 rent.
About 175,000 square feet of office and retail space and 225 apartments should start taking shape next year as one of the firms behind Union Station expands its reach to a nearby 2-acre bus hub.