DENVER-Transwestern Investment Co. LLC and Broadreach Capital Partners are buying the two World Trade Center towers from Brookfield Properties for $116 million. Together, the towers comprise nearly 767,000 sf.
DENVER-With more than 20 years in designing metro-area projects, Bruce W. Crabb is joining RedPeak Properties to lead the company's construction and renovation activities. Crabb's resume includes Colorado architecture firm Davis Partnership Architects.
DENVER-ProLogis, the world's largest industrial real estate investment trust, moves from a warehouse space to a five-story, 89,021-sf building. The company also has an option to buy the adjoining six acres, where it could build an identically sized building in Gateway Park.
DENVER-AmeriVest Properties receives an unsolicited offer from the Dallas-based Lincoln Property Commercial Inc. for its office portfolio. The offer is met favorably by investors, as AmeriVest's stock jumps 3.5% to $4.40 per share.
DENVER-AmeriVest Properties receives an unsolicited offer from the Dallas-based Lincoln Property Commercial Inc. for its office portfolio. The offer is met favorably by investors, as AmeriVest's stock jumps 3.5% to $4.40 per share.
DENVER-UBS Investment's Research on Apartment Investment and Management Co. remains unchanged. According to a recent fourth-quarter "report card," the REIT will remain at a "Reduce 2," or sell, rating.
DENVER-The local office of Minneapolis-based Opus Group plans to begin marketing the 22-story, $55-million tower of the $160-million Pinnacle at City Park South. Construction on the project will then begin in fall, three months ahead of schedule.
DENVER-The local office of Minneapolis-based Opus Group plans to begin marketing the 22-story, $55-million tower of the $160-million Pinnacle at City Park South. Construction on the project will then begin in fall, three months ahead of schedule.
DENVER-The world's largest industrial real estate investment trust's net earnings for 2005 rise to $370.07 million, or $1.76 per diluted share. This is more than 6% higher than the $202.8 million, or $1.08 per share, the company posted a year ago.
DENVER-Former Mayor Wellington Webb and developer Jim Sullivan are moving forward on the long-awaited Dahlia Square redevelopment. The pair will buy it and develop it once the site has been cleaned up, which is expected to happen later this year.