DENVER-The real estate investment trust that catered exclusively to small- and medium-sized tenants solidifies a date to "consider and vote upon the plan of liquidation and dissolution of our company." If approved, the company may sell its remaining assets in a single transaction, a series of related transactions or several distinct transactions.
DENVER-Developer Pat Barron breaks ground on a $15.5-million rental and retail development near the University of Denver. The project, with 35 rental units and 8,800 sf of retail, will provide much needed rental housing for DU students.
DENVER-Principal Real Estate Investors, based in Des Moines, acquires a 239,608-sf rental community from Archstone Smith. Formerly known as Archstone Riverfront Park, the apartments are now called the Station at Riverfront Park.
DENVER-Principal Real Estate Investors, based in Des Moines, acquires a 239,608-sf rental community from Archstone Smith. Formerly known as Archstone Riverfront Park, the apartments are now called the Station at Riverfront Park.
DENVER-The project, across from City Park, fulfills Opus Northwest's affordable housing requirement for the luxury Pinnacle at City Park South high-rise condo towers under construction. The Legacy at City Park South will provide residences to people with an average income of approximately $40,000 to $61,000 per year.
AVON, CO-The council approves a $37-million completion bond, allowing for construction to resume on the Gates on Beaver Creek. Two years away from completion, the development is leading the local market with 30% of the 49 properties sold.
AVON, CO-The council approves a $37-million completion bond, allowing for construction to resume on the Gates on Beaver Creek. Two years away from completion, the development is leading the local market with 30% of the 49 properties sold.
COLORADO SPRINGS-A high-tech, California-based company acquires a 239,200-sf industrial facility in Colorado Springs. The company's purchase of the former LSI Logic facility is believed to be the largest industrial deal so far this year.
BROOMFIELD, CO-Vail Resort's move to Broomfield could cost as much as $4.5 million in moving expenses. The costs include severance and retention debts of $900,000 to $1.5 million and charges for relocation and contract terminations of $2.1 million to $3.6 million.
AURORA, CO-Companies created by Bay-area Hamilton Zanze acquire the 351-unit Trails Aurora for $74,715 per unit and the 226-unit Ironwood at the Ranch Apartment at Westminster for $84,181 per unit. The Westminster property is 94% to 95% occupied, while the Aurora development is 98% occupied.