DENVER-The landmark Smiley's Laundromat in the heart of Capital Hill may be redeveloped into a mixed-use development. Although it's early in the process, the project's developer estimates that a redevelopment would likely be in the $8-million to $20-million range.

COLORADO SPRINGS-Sunset Ridge Associates LLC, which is comprised of investors from New York and California, pays $21.6 million for the 240-unit Sunset Ridge apartment complex. The purchase equates to $90,000 per unit.

DENVER-An urban infill developer will soon start construction on a $16-million townhome development in the Ballpark neighborhood near Coors Field. Because the project has fewer than 30 units, MacKenzie House will not have to make 10% of the units affordable.

DENVER-Gart Properties, headed by one of the most well-known families in Denver, bought a food court at the 16th Street Mall out of foreclosure for $4.53 million almost a decade ago. Now, it is closing the space with plans of replacing it with a retail or office tenant.

DENVER-Gart Properties, headed by one of the most well-known families in Denver, bought a food court at the 16th Street Mall out of foreclosure for $4.53 million almost a decade ago. Now, it is closing the space with plans of replacing it with a retail or office tenant.

DENVER-The largest shareholder of AmeriVest is reiterating its call to sell all of its assets. In a recently filed SEC document, the North Star Group says it continues to believe AmeriVest is too small to operate efficiently.

DENVER-The largest shareholder of AmeriVest is reiterating its call to sell all of its assets. In a recently filed SEC document, the North Star Group says it continues to believe AmeriVest is too small to operate efficiently.

AURORA, CO-According to an SEC document, the industrial real estate investment trust completes the purchase of 80% of the ownership interests held by affiliates of Bahrain-based Arcapita Bank B.S. The REIT is now in control of three funds, of which it previously had only a 20% interest.