REBusinessOnline

Edison Equity Receives $23M Construction Loan for 55 Resort Apartments in Greeley, Colorado

GREELEY, COLO. — Dallas-based Edison Equity Management has received $23 million in construction financing for the development of 55 Resort Apartments, an age-restricted multifamily property located in Greeley.Located on the former site of the Garnsey & Wheeler Ford dealership, 55 Resort Apartments will feature 84 apartments for adults aged 55 or older. Each unit will feature stainless steel appliances, quartz countertops, hardwood flooring and tiled bathrooms. The four-story complex …

Colorado, Development, Loans, Multifamily, Seniors Housing, Western

Norvin Healthcare Properties Purchases 60,000 SF Post-Acute Facility in Golden, Colorado

GOLDEN, COLO. — Norvin Healthcare Properties has acquired Post Acute Medical Rehabilitation Hospital of Golden from Golden Senior Housing I Propco LLC for an undisclosed price.Post Acute Medical (PAM) occupies the 60,000-square-foot in-patient rehabilitation facility, located at 600 Golden Ridge Road. PAM is currently completing a $4.2 million renovation of the building, which will expand the capacity of the facility to 60 rehabilitation beds.Chris Bodnar, Lee Asher, Ryan Lindsley and …

Acquisitions, Colorado, Healthcare, Western

Blue West Capital Arranges $2.8M Sale of USPS-Occupied Property Near Denver

CASTLE ROCK, COLO. — Blue West Capital has brokered the sale of a single-tenant building located at 220 S. Wilcox St. in Castle Rock. A California-based 1031 exchange investor acquired the newly constructed asset for $2.8 million.The United States Postal Service occupies the 5,382-square-foot property as a mission-critical financial station that combines retail operations and carrier logistics.Zach Wright and Brandon Gayeski of Blue West Capital represented the seller, a Midwest-based …

Acquisitions, Colorado, Retail, Western

Brookfield Properties Breaks Ground on 695,899 SF Central Park Logistics Center in Denver

DENVER — Brookfield Properties has broken ground for the development of Central Park Logistics Center, an industrial project located at 9300 and 9400 E. 46th Place in Denver.Slated for delivery in spring 2022, Central Park Logistics Center will feature two buildings offering a total of 695,899 square feet of last-mile warehouse and industrial space. The buildings will feature 32-foot and 36-foot clear heights, cross-dock and front-park/rear-load designs, TPO cool roofs, clerestory …

Colorado, Development, Industrial, Western

Parkview Financial Provides $8.7M Construction Loan for Five-Story Office Building in Denver

DENVER — Parkview Financial has provided an $8.7 million construction loan to 2926 Umatilla LLC, an entity of Generation Development, for the development of a speculative office building in Denver.Located at 2926 Umatilla St. within the LoHi submarket, the planned five-story property is situated on an infill lot formerly used for parking. The 32,734-square-foot building will feature underground parking for 30 cars via a stacked mechanical parking system.Generation Development acquired …

Colorado, Development, Loans, Office, Western

Walker & Dunlop Arranges $134M Sale of Multifamily Property in Metro Denver

LITTLETON, COLO. — Walker & Dunlop (NYSE: WD) has arranged the $134 million sale of Griffis Marston Lake, a 332-unit multifamily community in Littleton. Built in 2002, the garden-style community was marketed as a value-add investment. The property offers a mix of one-, two- and three-bedroom units near major employers including the Swedish Medical Center, Denver Federal Center and Lockheed Martin. The community is also located roughly 10 miles south of downtown Denver and the Denver …

Colorado, Loans, Multifamily, Top Stories, Western

Southern Oak Capital, Green Rock Purchase Main Street Station Retail Condos in Breckenridge, Colorado for $16.7M

BRECKENRIDGE, COLO. — Birmingham, Ala.-based Southern Oak Capital and Green Rock LLC have acquired the Main Street Station retail condominiums in Breckenridge. The asset traded for $16.7 million.Built in 2002, the three-building property features more than 34,000 square feet of retail space and 22 tenants, including lululemon, local boutiques and

Acquisitions, Colorado, Restaurant, Retail, Western

Capstone Arranges $7.1M Sale of Macon Flats Apartment Complex in Aurora, Colorado

AURORA, COLO. — Capstone has brokered the sale of Macon Flats, a five-building multifamily portfolio in Aurora. The asset traded for $7.1 million. The names of the seller and buyer were not released.Macon Flats features 56 one-bedroom units and one two-bedroom unit. The buyer plans to renovate the property to modernize the asset.Sean Holamon and Jason Koch of Capstone represented the seller and buyer in the

Acquisitions, Colorado, Multifamily, Western

EverWest Real Estate Divests of 220,000 SF Distribution Facility in Aurora, Colorado Leased to Home Depot

AURORA, COLO. — EverWest Real Estate Investors has completed the disposition of a Class A distribution center located at 1953 N. Gun Club Road in Aurora. Terms of the transaction were not released. The mission-critical facility was built in 2012 as a build-to-suit for The Home Depot, which currently operates its Home Depot Pro business line out of the location.The 220,000-square-foot cross-dock building features 32-foot clear heights, 44 dock-high doors, low office buildout, ESFR fire …

Acquisitions, Colorado, Industrial, Western

Marcus & Millichap Brokers $3M Acquisition of Retail Property in Castle Rock, Colorado

CASTLE ROCK, COLO. — Marcus & Millichap has arranged the purchase of Encore Castle Rock, a retail building located at 20 Wilcox St. in Castle Rock. A private investor acquired the property for $3 million. Cory Gross of Marcus & Millichap’s Denver office represented the buyer in the deal.Well State Healthcare is a tenant at the 8,297-square-foot property. The buyer plans to open a coffee shop and fitness facility at the building, according to Marcus &

Acquisitions, Colorado, Retail, Western
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