DENVER-More than $150 million is being spent to develop two multifamily complexes with a combined total of over 1,000 units. Jumping on Central Platte Valley's development bandwagon are Denver-based Archstone Communities and Houston-based Greystar Capital.
WESTMINSTER, CO-The Rocky Mountain Butterfly Consortium is planning a $7.4-million, 40,000-sf facility just five years after it opened as the nation's first stand-alone butterfly pavilion and insect zoo. The facility is being touted as the largest of its kind in the world.
DENVER-A $12-million renovation to the Radisson Stapleton Plaza nears completion. The hotel is now seeing occupancy rates equal to 1995 when the international airport closed its doors.
DENVER-Aimco has secured the balance of Oxford Realty Financial Group, another apartment REIT, in a $314-million deal using cash and securities. Aimco already manages 165 of Oxford's 166 apartment complexes.
DENVER-PhatPipe Inc., a real estate high-tech company targeting industrial properties, is getting $16-million backing from Denver-based ProLogis, a REIT that owns, manages and develops distribution facilities.
DENVER-Denver Academy is paying slightly more than $6 million for the 21-acre campus of the former Bethesda Hospital at 4400 E. Iliff Ave. in southeast Denver. The property has been vacant for two years.
DENVER-CWS Apartment Homes of Austin has been OK'd for a $22.5-million loan in its plan to buy the Jefferson at TownCentre in Broomfield, CO. The new owner is paying slightly more than $33.1 million for the complex.
DENVER-CWS Apartment Homes of Austin has been OK'd for a $22.5-million loan in its plan to buy the Jefferson at TownCentre in Broomfield, CO. The new owner is paying slightly more than $33.1 million for the complex.
DENVER-Denver Academy is paying slightly more than $6 million for the 21-acre campus of the former Bethesda Hospital at 4400 E. Iliff Ave. in southeast Denver. The property has been vacant for two years.
DENVER-An Oak Brook, IL REIT is collecting $27 million for a 184,454-sf building in the Inverness Business Park. The sale will eliminate a potential negative cash-flow situation, says the REIT's CEO.