NORTHGLENN, CO-Jordon Perlmutter and Co. has signed off on a $41.5-million loan for the 659,772-sf Marketplace at Northglenn. NorthMarq Capital's Denver office has put together the financing package for the retail center owner.
DENVER-The capital's in place for locally based Amstar to pick up more than $300 million in extra holdings this year. A $100-million credit line has been secured to advance the buying strategy for the firm, already title holder to properties worth more than $700 million.
COPPER MOUNTAIN, CO-Intrawest is undertaking its first fractional share condo project in the nation at BlueWing Lodge. Its Canadian resorts are sold out with the plan. The price is right and the demand's there, says a company official.
DENVER-A 30-year-old broker has snagged another accolade from Cushman and Wakefield, being named to the National Industrial Advisory Board. Alex Ringsby holds the distinction of being the youngest broker to be named director at C&W of Colorado.
DENVER-Work has started on a $44.3-million expansion of the Denver Health Medical Center. More beds and updated outpatient care area are part of the new deal for the 141-year-old facility that had been set up to cater to gold prospectors.
DENVER-An affiliate of the Amstar Group has secured a $33-million loan for a 437-unit multifamily project in Houston. The 10-acre development is being undertaken with the Houston-based Morgan Group.
SILVERTHORNE, CO-A popular outlet center has racked up $9 million in net proceeds for its REIT seller, Prime Retail. The Silverthorne Factory Stores, along a gateway to the leading ski resorts, has been sold for $29 million to an investment group.
DENVER-The 414-unit Parliament has brought the leading price for a multifamily sale so far this year. Built in the 1980s, the complex has fetched $31 million, which equates to $74,879 per unit. The owners, says the broker, is here for the long haul.
FT. COLLINS, CO-Neenan Co. is bringing it home, plotting a $19-million office development in its homeport of Ft. Collins. The three-building project is the largest class-A office undertaking that will be under construction in the city.
DENVER-The multifamily market is the benefactor as single-family housing costs soar above many residents' purchase power. Last year, more than 1,500 rental units underwent transformations into condos, a vibrant market for area brokers.