DENVER — BMC Investments and Rockpoint have broken ground on The Oasis Apartments at Cherry Creek North at 299 Milwaukee St. in Denver. BMC and Rockpoint formed a partnership in April 2022 to purchase and develop the site. The project will feature 177 residential units, 28,000 square feet of ground-floor retail space and a 6,000-square-foot public park with fountains at the corner of Third Avenue and Milwaukee Street. Community amenities will include a rooftop pool, fitness center, coworking space and resident lounge. Site work is underway with vertical construction expected to start in February 2025. Completion is slated for early 2027. Shears Adkins Rockmore is serving as architect and The Beck Group is serving as general contractor. Sam Zaitz of JLL and Julie McBrearty of SullivanHayes are handling leasing for the project’s retail space.
LAS VEGAS — Dalfen Industrial has completed the sale of Sunset 215 West, a two-building industrial portfolio in Southwest Las Vegas, to Southern California-based GF Properties for an undisclosed price. Located at 6475 and 6485 W. Sunset Road, the 80,000-square-foot property offers corporate office and industrial warehouse space. Michael Kendall, Gian Bruno, Kenny Patricia and Kylie Jones of Colliers’ West Industrial Capital Markets team marketed the portfolio and led the disposition and acquisition process. Dan Doherty, Paul Sweetland, Jerry Doty and Chris Lane of Colliers provided local market expertise. Completed in 2017, Building 1 (6475) is 35,000 square feet and fully leased to a single tenant, and Building 2 (6485) is 45,000 square feet and fully leased to two tenants. UFC, an organization that promotes mixed martial arts events, occupies approximately 70 percent of the project.
CHICO, CALIF. — Marcus & Millichap has arranged the sale of a retail property located at 1927 E. 20th St. in Chino. A private investor sold the asset to a private investor for $2.3 million. Big Lots occupies the 24,370-square-foot building on a net-lease basis. Teodor Vacev of Marcus & Millichap represented the seller and procured the buyer in the deal.
SAN DIEGO — Chicago-based financial services firm Mesirow has purchased Preserve at Melrose, a 410-unit multifamily property located in the Vista neighborhood of San Diego, for $185 million. Built in 2015, Preserve at Melrose offers one-, two- and three-bedroom floor plans. According to Apartments.com, the garden-style community features amenities such as a business center, clubhouse, lounge, fitness center, pool, playground and courtyard. Hunter Combs of Walker & Dunlop represented the seller, a locally based group, and the buyer in the deal.
BROOMFIELD AND LOVELAND, COLO. — Prism Places has partnered with McWhinney to develop two separate commercial districts in Northern Colorado’s Broomfield and Loveland. The first project, Center Street, is slated to serve as the business district for Baseline, an 1,100-acre master-planned community in Broomfield. The walkable 312,000-square-foot commercial center will include 80,000 square feet of office space, 116,00 square feet of retail space, 37,000 square feet of grocery space and 78,000 square feet of restaurant space. Additionally, Center Street will offer more than 400 residential units. Michael Hsu Office of Architecture has designed the project, which already has an organic grocer preleased. The second project, Avenue South, will be the business and commercial hub for Centerra, a 3,000-acre master-planned community in Loveland. Totaling 360,000 square feet, Avenue South will include a 128,000-square-foot retail component, a 127,000-square-foot Class A office portion and 1,750 residential units. Architects Orange is designing Avenue South, which has a 37,000-square-foot lease signed with an organic grocer. Center Street is slated to break ground in September 2026, and Avenue South is scheduled to break ground in November 2025.
NORTH LAS VEGAS, NEV. — Panattoni Development Co. has completed Simmons Airpark at 2880 Simmons St. in North Las Vegas. The 182,184-square-foot industrial building features a clear height of 36 feet, full concrete drive aisles and truck court, rear loading configuration, 1,895 square feet of build-to-suit office areas, 50-foot by 52-foot column spacing and an ESFR sprinkler system. The four-tenant building is located adjacent to North Las Vegas Airport and is three miles to the Cheyenne Interchange. The project is listed with Larkin Industrial Group and is owned by Panattoni Development.
EVERETT, WASH. — Gantry has secured $11.9 million in refinancing for Dogwood Enterprises Industrial Park, located at 3200 35th Ave. NE in Everett. Situated on 31.6 acres, the four-building property offers 106,686 square feet and direct access to I-5. The park is leased to a single tenant. Mike Wood, Demetri Koston and Tim Brown of Gantry arranged the 10-year, fixed-rate loan with a 25-year amortization schedule through a credit union for the borrower, a private real estate investor.
ENGLEWOOD, COLO. — Pinnacle Real Estate Advisors has brokered the sale of an industrial building located at 3950-3960 S. Mariposa St. in Englewood. The asset traded for $2.2 million. The 16,000-square-foot, small-bay property offers eight 2,000-square-foot units. Peter Sengelmann of Pinnacle Real Estate Advisors represented the undisclosed seller in the deal.
BOUNTIFUL, UTAH — Cypress West Partners, in joint venture with TPG Angelo Gordon, has acquired Renaissance Medical Center, a medical outpatient building in Bountiful, about four miles north of Salt Lake City. Terms of the transaction were not released. Mountain West Surgical Center, a multi-specialty ambulatory surgical center owned by HCA Healthcare, anchors the 112,192-square-foot property that is located at 1551 S. Renaissance Towne Drive. Eight other medical specialties and services, including orthopedics, physical therapy, imaging, spine and urology, also occupy the property. Newmark Healthcare Capital Markets advised Cypress West Partners and arranged the credit facility on behalf of the joint venture.
TOLLESON, ARIZ. — San Diego-based SENTRE has purchased a freestanding industrial asset located at 7980-7990 W. Buckeye Road in Tolleson, approximately 12 miles west of Phoenix. Chicago-based Brennan Investment Group sold the property for $48.8 million. Situated on more than 15 acres, the 322,070-square-foot facility was originally built in 1988 and expanded in 2010. The asset features a clear height of 35 feet, ample loading and heavy power. Phil Haenel, Will Strong, Foster Bundy and Katie Repine of Cushman & Wakefield’s Private Capital Group represented the seller in the transaction.