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Denver/Boulder Real Estate News

Denver Tech Center Building Sells for $34.98 Million

An affiliate of Rialto Capital Management, an investment and asset management company based in Miami, bought The Prentice Point 213,152-square-foot building for $34.98 million.  The building, 77.3 percent occupied, requires repositioning to capture the upside potential.  See Article.

Denver Company Buys Boulder Apartments for $35 Million

Denver's Cardinal Group Investments purchased it's first Boulder asset from Los Angeles-based CityView for $35 million or $301,724 per unit. Uptown Broadway, consists of 116 units in 10 buildings located at 4590 13th Street, and ranging from 619-1206 sq.ft. The property also has a clubhouse, spa/fitness facility, and nearby restaurants. See Article.

Broomfield Apartments Sell for $63.7 Million

Two multifamily complexes near the intersection of Sheridan Boulevard and West 120 Ave. in Broomfield were purchased by Aragon Holdings of Los Angeles for $63.7 million.  The two complexes were built in the 70's and were previously purchased in 2015 by FPA Multifamily, a San Francisco Private Equity Firm, for $49.6 million.  See Article.