Commercial Real Estate Direct Staff Report The 207,611-square-foot Quebec Square retail property in Denver has been sold for $56.67 million, or $272.96/sf. The property was purchased by an investor group—Quebec Square 25 GP LLC—that's led by Big Ben Private Real ...
Commercial Real Estate Direct Staff Report FJ Management has paid $97 million, or $388,000/unit, for Outlook Table Mesa, a 250-unit apartment property in the Denver suburb of Wheat Ridge, Colo. The Salt Lake City company purchased the property, at 4051 ...
Milestone has assumed the $34.96 million Fannie Mae loan that encumbers the property. It's securitized through FNA, 2017-M2, pays a 3.54% coupon and matures in December 2026.
Opus has broken ground on Catalyst Industrial, a 188,054-square-foot property in Centennial, Colo. The Minnetonka, Minn., developer is building the property at 15030 East Fremont Drive, about 18 miles south of Denver. Catalyst Industrial will have 32-foot clear heights, 28 ...
The total vacancy rate for Denver's downtown office market reached 35.3% in the first quarter of this year, according to CBRE. It's slightly behind San Francisco, which has the highest vacancy rate in the country at 35.8%.
Commercial Real Estate Direct Staff Report MIG Real Estate has paid $35.5 million, or $493,055/unit, for Basecamp, a 72-unit apartment property in Golden, Colo. The Newport Beach, Calif., investment firm purchased the property from Confluence Cos. of Golden, which was ...
Frank Day, a local restaurant and hotel owner, was the seller.
Commercial Real Estate Direct Staff Report Milestone Group has paid $65.3 million, or $259,126/unit, for the 252-unit Solaire Apartments in Brighton, Colo. The Dallas investor purchased the property from Inland Real Estate Acquisitions Inc. of Oak Brook, Ill., which had ...
Denver Business Journal AJ Capital Partners has paid $102 million, or $637,500/room, for the 160-room Hotel Boulderado in Boulder, Colo. The Nashville, Tenn., investment manager lined up $62.7 million of financing to facilitate its purchase. Frank Day, a local restaurant ...
Commercial Real Estate Direct Staff Report The $60 million CMBS loan against the 177,697-square-foot Industry RiNo Station office property in Denver, which had defaulted in January, has transferred to special servicing. It's now classified as being more than 60-days late. ...
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