Colorado

Braddock & Logan Buys Canyons at Saddle Rock in Aurora for $56.7M

by Nellie Day January 20, 2016

AURORA, COLO. — Braddock & Logan has purchased the 263-unit Canyons at Saddle Rock apartment community in Aurora for $56.7 million. The Class A community is located at 6850 South Versailles Way, about 25 miles southeast of downtown Denver. The property was 95 percent occupied at the time of sale. This property was Braddock & Logan’s first acquisition in metro Denver. Jeff Hawks, Doug Andrews, Terrance Hunt and Shane Ozment of ARA Newmark represented the seller, Inland Private Capital Corporation, in this transaction.

January 20, 2016

Colorado Multifamily Seniors Housing Western

Arcapita, MorningStar Acquire Three Seniors Housing Communities in Colorado for $85M

by Nellie Day January 18, 2016

DENVER and COLORADO SPRINGS, COLO. — A joint venture of Arcapita, a global investment management firm, and MorningStar Senior Living, an owner/operator based in Denver, has acquired a three-community seniors housing portfolio in Denver and Colorado Springs for $85 million. The portfolio totals 196 units of assisted living and memory care. The communities were built in 2013 and 2014. The names of the communities were not disclosed. MorningStar will operate the communities. Arcapita, which is based in the small middle-eastern island country of Bahrain, plans on many more U.S. seniors housing acquisitions in the near future. The investment firm previously acquired, managed and sold a $1.5 billion seniors housing portfolio in the U.S. and U.K. Colorado was specifically targeted because its seniors population is projected to grow at twice the national average over the next five years, according to Martin Tan, Arcapita’s chief investment officer.

January 18, 2016

Colorado Retail Western

Village at the Peaks in Colorado Adds Four New Retailers

by Nellie Day January 18, 2016

LONGMONT, COLO. — Village at the Peaks, a national parks-themed shopping center located on the grounds of the former Twin Peaks Mall in Longmont, has added four new tenants. Newly signed retailers include Boulder, Colorado-based Ozo Coffee Co., Mathnasium, The Sleep Number and Brain Balance Achievement Center. The property is currently over 85 percent leased to a total of 29 retailers including Whole Foods Market, Sam’s Club and Regal Cinemas.

January 18, 2016

Colorado Retail Western

Pinnacle Arranges Sale of Retail Property in Colorado for $5M

by Nellie Day January 11, 2016

PARKER, COLO. — Pinnacle Real Estate Advisors has arranged the $5 million sale of 12311 Pine Bluffs Way, a 20,230-square-foot retail building located in Parker. Pete Foster of Pinnacle represented the buyer, The SmartCap Group Inc., in the transaction.

January 11, 2016

Colorado Multifamily Retail

Stratford Plaza Apartments in Denver Sells for $5M

by Nellie Day January 8, 2016

DENVER — An unnamed buyer has purchased the 60-unit Stratford Plaza Apartments in Denver for $5 million. The community is located at 2005-2095 South Depew St. It was built in 1971. Joe Hornstein and Scott Fetter of Pinnacle Real Estate Advisors represented both the buyer and seller in this transaction.

January 8, 2016

Colorado Loans Retail Western

HFF Arranges $23.7M Financing for Market Center in Downtown Denver

by Nellie Day January 7, 2016

DENVER — HFF has arranged $23.7 million in financing for Market Center, a mixed-use office and retail property totaling 120,736 square feet in downtown Denver. Leon McBroom and Eric Tupler of HFF worked on behalf of the borrower, a joint venture between Urban Renaissance Group, Stars Investments and City Street Investors, to secure the floating-rate financing through First National Denver. The 36-month loan has two 12-month extension options and was used to acquire the asset.

January 7, 2016

Colorado Office Western

Pinnacle Real Estate Advisors Arranges $3M Sale of Woodlake Center

by Nellie Day January 5, 2016

LAKEWOOD, COLO. — Pinnacle Real Estate Advisors has arranged the $3 million sale of Woodlake Center, a 37,741-square-foot, five-building retail and office complex located in Lakewood. Justin Krieger of Pinnacle represented the undisclosed seller, and Josh Newell of Pinnacle represented the undisclosed buyer in the transaction.

January 5, 2016

Colorado Multifamily Western

Wadsworth Arms Apartments in Arvada Sells for $3.1M

by Nellie Day January 4, 2016

ARVADA, COLO. — A local buyer has purchased the 26-unit Wadsworth Arms apartment complex in Arvada for $3.1 million. The community is located at 6700 Wadsworth Arms. It was built in 1957. Josh Newell of Pinnacle Real Estate Advisors represented both the buyer and seller in this transaction.

January 4, 2016

Colorado Multifamily Western

Bluffs West Apartments in Colorado Springs Sells for $2.8M

by Nellie Day December 21, 2015

COLORADO SPRINGS, COLO. — Chestnut Heights LLC has purchased the 55-unit Bluffs West apartment complex in Colorado Springs for $2.8 million. The community is located at 4339 North Chestnut St. It was built in 1968. ARA’s Kevin McKenna and Saul Levy represented the seller, BAC Enterprises LLC, in this transaction.

December 21, 2015

Colorado Multifamily Western

A&C Properties Completes Phase I of Porteos Mixed-Use Project in Denver

by Nellie Day December 18, 2015

DENVER — A&C Properties has completed the first phase of Porteos, a 1,287-acre mixed-use project in Denver. The project is being built adjacent to Denver International Airport. Phase I ushered in the opening of the new Jackson Gap Street, which provides immediate access to the airport and throughway for residents of Aurora and Adams County. A&C Properties invested $13 million to complete Jackson Gap Street and its related infrastructure. Forum Real Estate Group also recently completed ParkDIA, a 7,500-space parking complex in the area that provides valet services, self-covered and uncovered parking, and a shuttle. Porteos is the only entitled, zoned and shovel-ready, non-residential site within a four-mile radius of the airport. JLL is leading the marketing efforts to investors, developers, and occupiers of industrial, aviation, hospitality and commercial space.

December 18, 2015

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