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Colorado

Inland Real Estate Facilitates $95M Sale of 360-Unit Multifamily Community in Metro Denver

BROOMFIELD, COLO. — Inland Real Estate Acquisitions Inc. has facilitated the sale of 8000 Uptown Apartments, a 360-unit multifamily community located in Broomfield, 18 miles northwest of Denver. The property sold for $95 million, according to BizWest. Matthew Tice and Brett Smith of Inland Real Estate brokered the transaction. The buyer was an unspecified affiliate of Inland. The seller was not disclosed. Constructed in 2015, the property consists of 19 buildings with 160 one-bedroom,..

November 21, 2017

HFF Brokers $5.1M Sale of Retail, Office Center in Broomfield, Colorado

BROOMFIELD, COLO. — HFF has arranged the $5.1 million sale of MainStreet at FlatIron, a 93,657-square-foot retail and office center in Broomfield. Jules Sherwood of HFF arranged the transaction on behalf of the undisclosed seller, and procured the buyer, a private investment group based in Boulder. MainStreet at FlatIron includes two multi-tenant buildings with 59,224 square feet of office space and 34,433 square feet of retail space. At the time of sale, the property was 56.3 percent..

November 20, 2017

Castle Lanterra Properties Buys 280-Unit Multifamily Community in Westminster, Colorado

WESTMINSTER, COLO. — Castle Lanterra Properties has purchased the 280-unit Sunset Ridge Townhomes in Westminster for an undisclosed sum. The community is located at 8300 Sheridan Blvd. Sunset Ridge was built in 1972. It was 95 percent occupied at the time of sale. Community amenities include an updated clubhouse, Wi-Fi Café, lounge area, fireplace, zero entry swimming pool, barbecue grills, dog park, parking lot and playground. ARA Newmark represented the seller, WillMax Capital..

November 14, 2017

Grandbridge Provides $44M Permanent Loan for Crowne at Timberline Apartments in Fort Collins

FORT COLLINS, COLO. — Grandbridge Real Estate Capital has provided $44 million in first-mortgage financing for the 310-unit Crowne at Timberline apartments in Fort Collins. The Class A community is located at 2001 Rosen Drive. Crowne at Timberline offers a view of the Rockies Mountains Front Range. Amenities include a media room, exercise room, business center, swimming pool, waterscape area, and outdoor lounge area with fire pit and TVs. The 10-year, permanent, fixed-rate loan..

November 10, 2017

Hamilton Zanze Buys 238-Unit Apartment Complex in Colorado for $60M

ENGLEWOOD, COLO. — Hamilton Zanze has purchased the 238-unit Oxford Station apartment complex in Englewood for $60 million. The community is located at 4101 S. Navajo St. The asset features two five-story buildings that offer a mix of studio to two-bedroom units. Oxford Station was 96 percent occupied at the time of sale. Community amenities include a fitness center with virtual workout classes, skylevel entertainment lounge, social lounge, zen lounge, pet washing station and dog park,..

November 8, 2017

Inland Real Estate Buys 141-Unit Village Gardens Apartments in Fort Collins

FORT COLLINS, COLO. — Inland Real Estate Acquisitions has purchased the 141-unit Village Gardens Apartments in Fort Collins for an undisclosed sum. The community is located at 1025 Oxford Lane. Village Gardens contains 12 buildings with one- to three-bedroom units. Community amenities include a fitness center, dog park, fire pit with gas grills, sand volleyball court, life-size chess set and an all-season indoor pool. The property was 97 percent occupied at the time of closing. Inland..

November 6, 2017

Confluent Development, Bradbury Properties to Build Three Office, Industrial Buildings in Denver

DENVER — A joint venture between Confluent Development and Bradbury Properties has agreed to build three new office and industrial buildings in Highfield Business Park in Denver. The park is situated near the intersection of E-470 and Peoria Street, southeast of Centennial Airport. The first project was completed in June and now houses two tenants. The 101,000-square-foot facility (Highfield Building 5), broke ground in October 2016 as a spec development. The building is occupied by Charter..

November 1, 2017

Goldman Sachs, Harbor Associates Buy Colorado Bank Building in Denver

DENVER — A joint venture between Goldman Sachs Asset Management Private Real Estate (GSAM PRE) and Harbor Associates has purchased the Colorado Bank Building, a 115,000-square-foot historic office building in Denver, for an undisclosed sum. The building is situated at the corner of 17th Street and Champa. The asset was built in 1907. The joint venture plans to reposition the property into high-quality creative office space. The renovation will also include a refresh of the property’s..

October 30, 2017

ColRich Multifamily Buys 272-Unit Apartment Complex in Denver for $44.9M

DENVER — ColRich Multifamily has acquired The Park at Canyon Ridge, a 272-unit apartment community in Denver, for $44.9 million. The community is located at 9757 E. Colorado Ave. The Park at Canyon Ridge is situated near light rail service, schools and major employment drivers, including the Fitzsimons Medical Campus, the Southeast Business Corridor and Buckley Air Force Base. The 13-acre community features units averaging 785 square feet with washers and dryers, fireplaces and private..

October 27, 2017

Grandbridge Arranges $65M Refinancing for St. Julien Hotel and Spa in Boulder

BOULDER, COLO. — Grandbridge Real Estate Capital has closed a $65 million first mortgage loan to refinance the 201-room St. Julien Hotel and Spa in Boulder. The hotel is located at 900 Walnut St. John Stewart arranged the permanent, fixed-rate loan. One of Grandbridge’s insurance company correspondents provided the funds.

October 26, 2017