DENVER-Boston-based General Investment & Development Co. pays $78.7 million to Dallas-based JPI for the 652-unit Jefferson at Meridian. The seller probably would have been higher had JPI waited to increase occupancy.

DENVER-Retail, particularly grocery-anchored retail centers, are sought after in the market but the associate director of Cushman & Wakefield's Denver office predicts a 36% drop in office, industrial and retail sales volume.

DENVER-A union wants voters to decide whether the city should subsidize the 1,100-room Hyatt Regency Hotel, which is stalling financing for the hotel portion of the $268-million Colorado Convention Center.

DENVER-The company that primarily owns multifamily rental properties in Phoenix, Portland, Riverside, CA; Sacramento, Salt Lake City and Seattle pays $7.5 million for the 185,616-sf Northglenn Service Center.

DENVER-Invesco Funds' Real Estate Opportunity Fund returns 11.05% in a one-year period, outperformed only by two energy and one financial services fund in the mutual fund family of 24 funds.

ENGLEWOOD, CO-The nation's second-largest sporting goods chain leases the 92,000-sf HomeBase building here. The 15-year lease with building owner Etkin Johnson Group is valued at $12 million.

DENVER-Twin Peaks Excavating Inc. has begun installing the first of more than 25 miles of new water, sewer and storm sewer pipes for the $4-billion redevelopment of the former Stapleton International Airport.

BOULDER, CO-Prolilgo/Degussa, a biotechnology company, has leased 48,962 in two buildings in Boulder. The company will invest between $250 per sf to $300 per sf to build a high-end laboratory in the already finished space.