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Opus Group Finishes 306-Unit Centennial Apt. Complex
Minnesota-based developer The Opus Group has completed construction on its 306-unit luxury apartment complex, The Glenn, which broke ground two years ago as the first phase in a 42-acre transit-oriented development called The Jones District in Centennial...

Sears Adds Another 10 Unprofitable Stores to September Closing List; Tally Now Stands at 78
The 100-store closing process for Sears and Kmart stores is moving into full throttle as parent company Sears Holdings announced late last week that 10 more would join the list of stores to be shuttered by September. As of now, 78 stores have been...

Northstar Sells Cherry Creek Plaza for $39 Million
Denver-based Northstar Commercial Partners has flipped Cherry Creek Place I and II, selling the two Aurora, CO, office properties for a combined $39.7 million. Northstar purchased Cherry Creek Place II at 3190 S. Vaughn Way in 2009 for $4.6 million...

Historic Brown Palace Will Keep 'Top of the Brown' Art Deco Design as Part of Upgrade
It hasn't been long since Fort Worth, TX-based Crescent Real Estate Holdings acquired the historic Brown Palace Hotel & Space in downtown Denver, but the real estate investment firm already knows the hotel, which has welcomed presidents and the Beatles...

Concession Activity Jumps in Denver’s Apartment Market During the Second Quarter of 2018 as Supply Wave Intensifies
Greenwood Plaza in Centennial, CO The number of properties in lease-up rose to 50 during the first half of 2018, easily the most of any point in the current cycle. In early 2018, trailing-year deliveries edged over 10,000 for the first time this cycle...

Washington Developer Buys Denver Parcel for $10.5 Million
Pictured: Union Denver, a 579-unit apartment complex Holland Residential completed last year in downtown Denver.Vancouver, WA-based Holland Residential has acquired a parcel in Denver’s Speer neighborhood for $10.5 million, according to a warranty deed...

Value-Add Rentals in South Florida Sell for $90M
A Denver-based real estate firm that already owns six multifamily properties in South Florida picked up two more, paying $90 million for the Sundance Village Apartments in Miami and the Gardens at Nova (pictured, right) in Davie, FL. Grand Peaks Properties...

Chipotle Closing Up to 65 Locations
Chipotle Mexican Grill plans to close 55 to 65 poorly performing stores nationwide, many within the next 30 days, executives told investors and analysts Wednesday. The news follows Chipotle’s surprise announcement in May that it would relocate its...

East West Partners Secures Retailers for The Coloradan
With about six months to go before completion, the developer behind The Coloradan condominium tower next to Denver’s Union Station in LoDo has secured tenants for the building’s retail space. Local developer East West Partners’ 334-unit condominium...

Patrinely's Denver Spec Office Tower to Deliver in 2020
Pictured: Rendering of Patrinely Group's Block 162 project, which broke ground today at 675 15th St. in downtown Denver.When Patrinely Group’s 30-story speculative office tower delivers in late 2020, the project will join a gaggle of speculative office...

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