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News
Heritage Creek trades for $54.3 million
  CB Richard Ellis Global Investors acquired the Heritage Creek apartments in a record-setting $54.3 million transaction.
Westfield buys tw telecom building for $37.73m   Denver-based Westfield Co. took a run at tw telecom’s corporate headquarters in Lone Tree and came out in first place at a price of $37.75 million.
  An entity created by Westfield bought the Class A building, also known as ParkRidge One, from LBA Realty at a price per square foot of $226.44.

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Alexan Broadway sells for $82m  GID purchased the former Alexan Broadway Station community in December in the highest-priced multifamily sale to close in Denver in 2011.
  The privately held and fully integrated real estate organization paid $82 million, or $195,704 per unit, for the 419-unit community, according to public records.

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Arista Uptown provides urban living in transit-oriented locale   The first new residential development at Arista in two years is under way with a 272-unit urban-style apartment community, Arista Uptown.
  Smith|Jones Partners LLC, a Denver-based real estate firm specializing in multifamily urban infill and transit-oriented development development, expects to deliver the first units in late summer.

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New boutique distillery raises spirits in Basalt business park   A boutique distillery is making big news in the town of Basalt.
  Woody Creek Distillers will make vodka, whiskey, bourbon and gin using Colorado-grown potatoes and grains. It will be located in the former Mountain Homefitters building at 60 Sunset Drive in MidValley Business Park.

To view this article in its entirety, please see the current edition of the Colorado Real Estate Journal. To subscribe, click here.

Camelback Pointe $30.66m apartment sale sets record   A Washington-based real estate investment and management company acquired the Camelback Pointe apartments in the highest-priced apartment sale to close in Colorado Springs since July 2008.
  Weidner Investments paid $30.66 million for the 258-unit community at 3620 Rialto Heights, just west of Interstate 25.

To view this article in its entirety, please see the current edition of the Colorado Real Estate Journal. To subscribe, click here.
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