BMC said it raised rent 12 percent a year after buying the 30-acre project in 2012. Last month the Denver-based firm sold the complex to Denver-based Arel Capital.
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BMC Investments unloads 600-unit apartment complex for $80M; paid $40M in 2012
Volunteers of America digs in on $19M Montbello project
Colorado nonprofit Volunteers of America started work on doubling the size of its northeast Denver senior living complex.
McWhinney jumps into RiNo
With a massive LoDo project under construction, a Colorado developer is moving up Brighton Boulevard into River North.
$5.5M clubhouse renovation at The Ranch wraps up
Mark Condon, the club’s general manager, said that the club attracted 20 new members in June. Condon said that the club typically grows by three to four members a month.
Unico unloads two office buildings for $60M
Just three weeks after unloading $79 million of flex space, a Bahrain-based investment firm has put most of that figure back into Denver office real estate.
Former garage on Tennyson St. sells for $4M
An investment firm bought a converted garage building that now houses Call to Arms Brewing Co. and restaurant Mas Kaos for $3.7 million.
New construction commences at 9th and Colorado Blvd.
Now that the dust has settled – 2 million square feet worth of dust – a new building is rising at 9th and Colorado in a process that could span 5 years.
Brue Capital buys former Martischang HQ
After falling into disrepair over a decade of vacancy, a North Denver office building could be coming back.
Xerox healthcare subsidiary plans layoffs in Aurora
A subsidiary of Xerox that manages government-funded healthcare programs and pharmaceutical benefits says it will lay off 85 employees in Aurora “due to a change in business conditions.” Xerox State Healthcare wrote in a June 27 letter to the Colorado Department of Labor and Employment that the jobs at its office at 6235 S. Main… Read more »
CVS buys another corner parcel
It makes at least two Denver land buys for CVS this year, and the company has already submitted plans for what could be the city’s first standalone CVS at the Sheridan Boulevard site.
