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Denver Commercial Real Estate News From CoStar Group



CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of



 



CBRE's Bodnar, Asher Promoted to Vice Chairman

Thu, 22 Feb 2018 02:49:37 GMT

Chris Bodnar (left) and Lee Asher have been promoted to vice chairman at CBRE.CBRE Group Inc. has promoted Chris Bodnar, based in Denver, and Lee Asher, based in Atlanta, to vice chairman - the company’s highest-ranking title for brokers. Bodnar and Asher are partners and co-leaders of the healthcare capital markets group at CBRE, which was founded by Bodnar in 2006. In December, the group facilitated the sale of a medical-office portfolio to...



New York Developer Proposes 81-Story Denver Skyscraper

Tue, 20 Feb 2018 05:25:57 GMT

A New York developer has submitted plans to the City of Denver Department of Community Planning and Development that would bring an 81-story skyscraper to the Mile High City. The plans were first floated last year by Crown Architecture, which is listed as the project representative in the submittal made to the city last week. The concept plan, which is the first step in the development process with the planning department, calls for a mixed...



Baceline Investments Establishes $125 Million Credit Facility

Thu, 15 Feb 2018 06:54:38 GMT

Denver’s Baceline Investments has opened a $125 million credit facility with KeyBank National Association, with plans to use the proceeds for more acquisitions, growing the company’s portfolio to more than 200 properties. Baceline Investments owns shopping centers in the central U.S., in keeping with its acquisition strategy to avoid higher-priced coastal markets. KeyBank is the lead bank in Baceline's senior secured credit facility, which is...



Inland Secures Latest Colorado Investment, Picks Up 322-Unit Ashford East 88 in Thornton

Wed, 14 Feb 2018 04:30:52 GMT

Inland Real Estate Acquisitions continued its buying streak in metro Denver with the purchase of Ashford East 88, a 322-unit apartment complex in Thornton, CO. Inland purchased the multifamily community, located at 101 E. 88th Ave., for about $54.5 million, or roughly $169,000 per unit, from The RADCO Companies. The acquisition is Inland’s fifth along the Front Range since the beginning of November. With this acquisition, the firm owns 5,183...



Residential Component of Peña Station NEXT Underway

Wed, 14 Feb 2018 02:30:06 GMT

A new apartment complex is underway in one of the most anticipated development areas in metro Denver, bringing a residential component to Peña Station along the Regional Transportation District A line. MGL Partners is building an as-yet-unnamed, 218-unit, roughly $45 million apartment complex at the nearest stop to Denver International Airport, adjacent to the Panasonic Enterprise Solutions Co. headquarters that was completed last year. The...



Summit MultiCapital Closes on Green Leaf Riverside in Littleton

Mon, 12 Feb 2018 09:12:27 GMT

Summit MultiCapital LLC out of Akron, OH has closed on its purchase of the Green Leaf Riverside in Littleton, CO. The 248-unit apartment complex was built in 1986 and under a previous owner underwent capital improvements to community spaces and unit interiors. The acquisition and financing arm of Summit Management Services, Summit MultiCapital purchased the property from Green Leaf Partners for $50 million, according to CoStar research, which...



California Firm Buys Lafayette Apts. for $60.3 Million

Mon, 12 Feb 2018 06:13:16 GMT

A Lafayette apartment complex has sold for $60.25 million to a California firm in the first major apartment sale of the year for the area. Luna Bella, constructed in 2015 by Milestone Development Group, sold to Buchanan Street Partners for approximately $251,000 per unit. The acquisition represents Buchanan Street’s investment focus on high-quality apartment assets in suburban locations near major metro areas. The company also recently purchased...