<rss version="2.0" xmlns:ynewsrss="http://news.yahoo.com/rss.html"><channel><title><![CDATA[Denver Commercial Real Estate News From CoStar Group]]></title><link><![CDATA[http://www.costar.com/]]></link><description><![CDATA[CoStar Group, Inc. is the leading provider of information services to commercial real estate property investors and sales professionals in the United States and United Kingdom. CoStar's suite of services offers access to the most comprehensive database of commercial real estate information and commercial property listings available in its markets.]]></description><language><![CDATA[en]]></language><category domain="Yahoo"><![CDATA[Business/Real_Estate_and_Housing]]></category><ttl>15</ttl><image><title><![CDATA[CoStar Group, Inc.]]></title><link><![CDATA[http://www.costar.com/]]></link><url><![CDATA[http://www.costar.com/SharedFiles/Common/images/logos/CoStarGroup112.gif]]></url></image><item><title><![CDATA[CoStar's People of Note (May 12 - 18)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-12-18/148651?ref=/News/Article/CoStars-People-of-Note-May-12-18/148651&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Detroit, Charlotte, Phoenix, New York, Charleston, South Florida, and San Diego.
 
DETROIT
Farbman Group Promotes Gutman, Kalil 
By Tim Heise

Farbman Group, a Southfield, MI-based, full-service real estate solutions company, has promoted CFO Andrew Gutman to president of the company. Gutman joined Farbman Group more than 18 years ago. He has worked in several areas of ]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 17 May 2013 09:02:42 GMT]]></pubDate></item><item><title><![CDATA[DDR Buying 30 Shopping Centers from Blackstone JV]]></title><link><![CDATA[http://www.costar.com/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602?ref=/News/Article/DDR-Buying-30-Shopping-Centers-from-Blackstone-JV/148602&src=rss]]></link><description><![CDATA[Blackstone Group LP will sell its interest in a portfolio of power centers across the country to joint-venture partner DDR Corp. (NYSE: DDR) for $1.46 billion.

Beachwood, OH-based DDR and Blackstone acquired the large-format power centers totaling 11.8 million square feet through a joint venture deal that closed nearly a year ago. The latest acquisition, expected to close in the fourth quarter, will generate significant cash flow for DDR in top...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 11:24:05 GMT]]></pubDate></item><item><title><![CDATA[Construction Starts On $200M Charles Schwab Colorado Campus ]]></title><link><![CDATA[http://www.costar.com/News/Article/Construction-Starts-On-$200M-Charles-Schwab-Colorado-Campus/148589?ref=/News/Article/Construction-Starts-On-$200M-Charles-Schwab-Colorado-Campus/148589&src=rss]]></link><description><![CDATA[Fentress Architects and Mortenson Construction have broken ground on a $200 million, 467,000-square-foot campus for financial services firm Charles Schwab Corp. on more than 40 acres in Lone Tree, CO. 

Charles R. Schwab, founder and chairman of the longtime San Francisco-based company, and Colorado Gov. John Hickenlooper gathered with other officials at an event last week to mark the construction start at RidgeGate in Lone Tree, a 3,500-acre master...]]></description><author><![CDATA[Randyl Drummer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 15 May 2013 03:46:32 GMT]]></pubDate></item><item><title><![CDATA[Halcon Leases 44,000 SF at 1801 California]]></title><link><![CDATA[http://www.costar.com/News/Article/Halcon-Leases-44000-SF-at-1801-California/148358?ref=/News/Article/Halcon-Leases-44000-SF-at-1801-California/148358&src=rss]]></link><description><![CDATA[Halcon Resources signed an 11-year, 43,829-square-foot lease at 1801 California St. in Denver, CO.

The 54-story, 1.37 million-square-foot, class A <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> was built in 1982 on 1.4 acres in the Denver CBD.  It features ground-floor retail and reserved covered parking.

Charlie Lodge, Alec Wynne, Rob Neblett and Harry Holmes of Avison Young <a href="http://www.showcase.com/" target="_blank">Commercial Real Estate</a> represented the tenant.  Nicholas Pavlakovich and Matthew Gautreau of Cushman...]]></description><author><![CDATA[Victor M. Castillo <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 09:51:39 GMT]]></pubDate></item><item><title><![CDATA[Woodspear Properties Pays $5.5M for Royal Manor Apts]]></title><link><![CDATA[http://www.costar.com/News/Article/Woodspear-Properties-Pays-$55M-for-Royal-Manor-Apts/148372?ref=/News/Article/Woodspear-Properties-Pays-$55M-for-Royal-Manor-Apts/148372&src=rss]]></link><description><![CDATA[Woodspears Properties, a San Marcos-based property management firm, acquired the 91-unit Royal Manor Apartments at 640-740 E. Jefferson Ave. in Englewood, CO from Newcastle Properties, Inc. for $5.5 million, or about $60,000 per unit.

This four-building, 75,000-square-foot multifamily complex was delivered in 1961 in Arapahoe County.  The buyer plans on renovating all the units on the property and adding new automated remote lock doors and painting...]]></description><author><![CDATA[Patrick Whitney <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 02:54:28 GMT]]></pubDate></item><item><title><![CDATA[The Woods Apts Trade for $2.7M]]></title><link><![CDATA[http://www.costar.com/News/Article/The-Woods-Apts-Trade-for-$27M/148414?ref=/News/Article/The-Woods-Apts-Trade-for-$27M/148414&src=rss]]></link><description><![CDATA[DMI LLC acquired the 70-unit The Woods Apartments at 215-233 E. Arvada St. in Colorado Springs, CO from a private investor for $2.65 million, or approximately $38,000 per unit.

The 72,200-square-foot multifamily community consists of studio, one-, and two-bedroom units in three buildings.  It was built in 1965 in the Southwest submarket of El Paso County.

Kevin Higgins and Michael Krebsbach of Unique Properties LLC - TCN Worldwide represented...]]></description><author><![CDATA[Patrick Whitney <news@costar.com>]]></author><pubDate><![CDATA[Tue, 14 May 2013 02:46:48 GMT]]></pubDate></item><item><title><![CDATA[CoStar's People of Note (May 5 - 11)]]></title><link><![CDATA[http://www.costar.com/News/Article/CoStars-People-of-Note-May-5-11/148478?ref=/News/Article/CoStars-People-of-Note-May-5-11/148478&src=rss]]></link><description><![CDATA[This week's People of Note includes the following markets: Los Angeles, Minneapolis, Washington DC, New Jersey, Chicago, New York, and Indianapolis.
 
LOS ANGELES
Diaz Returns to Cushman & Wakefield 
By Allison Smith

Lalo Diaz has returned to Cushman & Wakefield, Inc. as a market leader for the Downtown Los Angeles market. In his new role Diaz will be responsible for overseeing day-to-day activities, recruitment goals, an]]></description><author><![CDATA[Justin Sumner <news@costar.com>]]></author><pubDate><![CDATA[Fri, 10 May 2013 08:11:27 GMT]]></pubDate></item><item><title><![CDATA[Receiver Sets Liquidation Plan for $220 Million Multifamily Portfolio]]></title><link><![CDATA[http://www.costar.com/News/Article/Receiver-Sets-Liquidation-Plan-for-$220-Million-Multifamily-Portfolio/148375?ref=/News/Article/Receiver-Sets-Liquidation-Plan-for-$220-Million-Multifamily-Portfolio/148375&src=rss]]></link><description><![CDATA[John A. Beckstead, the receiver for defendants Management Solutions Inc. and the multifamily assets of Wendell A. Jacobson, his son Allen and other related entities, has filed a liquidation plan proposing to break up the multifamily portfolio strewn across the Midwest and Texas that was once valued at $220 million.

Rather than selling the entire portfolio in bulk, as he once considered, Beckstead plans to break up the sale of Jacobsons' 34 properties...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 07:19:34 GMT]]></pubDate></item><item><title><![CDATA[Excell Fund Sells Family Dollar for $1.2M]]></title><link><![CDATA[http://www.costar.com/News/Article/Excell-Fund-Sells-Family-Dollar-for-$12M/148248?ref=/News/Article/Excell-Fund-Sells-Family-Dollar-for-$12M/148248&src=rss]]></link><description><![CDATA[ExchangeRight Net Leased Por 2 LLC acquired the Family Dollar at 104-110 N. Santa Fe Ave. in Fountain, CO from Excell Fund Brokerage for $1.235 million, or about $147 per square foot.

The single-story, 8,405-square-foot retail building was built in 1977 with renovations completed in 2013 in the Southeast Retail submarket of El Paso County.

Virgil Shouse of Excell Fund Brokerage LLC represented the seller.

Please refer to CoStar COMPS #2716442...]]></description><author><![CDATA[Christiana Jones <news@costar.com>]]></author><pubDate><![CDATA[Tue, 07 May 2013 02:02:47 GMT]]></pubDate></item><item><title><![CDATA[Jefferson Ctr for Mental Health Acquires Arbor Place]]></title><link><![CDATA[http://www.costar.com/News/Article/Jefferson-Ctr-for-Mental-Health-Acquires-Arbor-Place/148247?ref=/News/Article/Jefferson-Ctr-for-Mental-Health-Acquires-Arbor-Place/148247&src=rss]]></link><description><![CDATA[The Jefferson Center for Mental Health acquired Arbor Place at 7828 Vance Dr. in Arvada, CO from Candlelight Ridge LLC for $1,975,000, or about $105 per square foot. 

The two-story, 18,750-square-foot <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> was built in 1981 with renovations finished in 1998.  It is located on one acre in the Northwest Denver submarket, at the southeast corner of 78th in Jefferson County.

Glen Stocking of Stocking & Co represented the seller.

Please...]]></description><author><![CDATA[Christiana Jones <news@costar.com>]]></author><pubDate><![CDATA[Tue, 07 May 2013 01:52:55 GMT]]></pubDate></item><item><title><![CDATA[Newport Village Apts. Trade for $21M]]></title><link><![CDATA[http://www.costar.com/News/Article/Newport-Village-Apts-Trade-for-$21M/148314?ref=/News/Article/Newport-Village-Apts-Trade-for-$21M/148314&src=rss]]></link><description><![CDATA[Munimae Foundation sold the Newport Village Apts. in Thornton, CO to an investment group called Seagate Colorado Partners, LLC for $21 million, or about $95,455 per unit.

The 220-unit multifamily complex was built in 1987.  At the time of the sale, the property was 95 percent leased. 

Pamela Koster of Moran & Company represented the seller.For additional information, please refer to CoStar COMPS #2707014.
]]></description><author><![CDATA[Christine Dorr <news@costar.com>]]></author><pubDate><![CDATA[Tue, 07 May 2013 01:03:51 GMT]]></pubDate></item><item><title><![CDATA[Dartmouth Court Trades for $1.1M]]></title><link><![CDATA[http://www.costar.com/News/Article/Dartmouth-Court-Trades-for-$11M/147762?ref=/News/Article/Dartmouth-Court-Trades-for-$11M/147762&src=rss]]></link><description><![CDATA[Western Centers, Inc. acquired the Dartmouth Court building at 10555 E. Dartmouth Ave. in Aurora, CO from Columbine Valley Corporation for $1.1 million, or about $58 per square foot. 

The three-story, 19,144-square-foot <a href="http://www.showcase.com/Office-building" target="_blank">office building</a> was built in 1982 in the East Hampden submarket of Arapahoe County, at the northwest corner of Bethany Dr.   The buyer will occupy approximately 4,800 square feet in the building.

Brian Pesch of Western Centers...]]></description><author><![CDATA[Traci Bennetta <news@costar.com>]]></author><pubDate><![CDATA[Mon, 06 May 2013 07:34:24 GMT]]></pubDate></item><item><title><![CDATA[Colliers Shopping 16-Property GSA Portfolio]]></title><link><![CDATA[http://www.costar.com/News/Article/Colliers-Shopping-16-Property-GSA-Portfolio/148356?ref=/News/Article/Colliers-Shopping-16-Property-GSA-Portfolio/148356&src=rss]]></link><description><![CDATA[West Second Street Associates (WSSA), a Michigan-based firm that specializes in developing and managing buildings for General Services Administration (GSA) tenants, has selected Colliers International to shop a 16-property single-tenant portfolio of office properties totaling 273,000 square feet. 

The GSA-leased office portfolio has an estimated value of $118 million. Eight of the properties are located in Michigan with the others in Ohio, Florida...]]></description><author><![CDATA[CoStar Research <news@costar.com>]]></author><pubDate><![CDATA[Tue, 30 Apr 2013 09:15:03 GMT]]></pubDate></item><item><title><![CDATA[The CoStar Watch List Newsletter for May 9 - May 19]]></title><link><![CDATA[http://www.costar.com/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410?ref=/News/Article/The-CoStar-Watch-List-Newsletter-for-May-9-May-19/148410&src=rss]]></link><description><![CDATA[This Week’s Top Stories

Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless
"Borrowers would face higher borrowing costs and more variability in the price and availability of credit, with the greatest adverse impact likely to fall on low- and moderate-income families and renters in underserved markets. Some borrowers could lose access to credit altogether."

Read the Full Story...

Receiver Sets Liquidation Plan...]]></description><author><![CDATA[Mark Heschmeyer <news@costar.com>]]></author><pubDate><![CDATA[Wed, 08 May 2013 07:16:13 GMT]]></pubDate></item><item><title><![CDATA[R & B Resources Acquires 13,621-SF Condo]]></title><link><![CDATA[http://www.costar.com/News/Article/R-B-Resources-Acquires-13621-SF-Condo/148312?ref=/News/Article/R-B-Resources-Acquires-13621-SF-Condo/148312&src=rss]]></link><description><![CDATA[Neil McCaffrey of Goya LLC sold 1101 Academy Court, Unit 1 in Fort Collins, CO, to R & B Resources LLC for $1,050,000 or $77.09 per square foot.  

The industrial condominium totals 13,621 square feet and the building is on 4.85 acres in the Fort Collins/Loveland Industrial submarket.  Constructed in 2000, the unit has one dock door and 2 overhead doors with a 15’16’-foot ceiling height. 

Mike Eyer, Kyle Lundy, Jon Rue and Julius Tabert of Sperry...]]></description><author><![CDATA[Christine Dorr <news@costar.com>]]></author><pubDate><![CDATA[Tue, 07 May 2013 12:28:01 GMT]]></pubDate></item></channel></rss>