Denver/Boulder Real Estate News
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'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.
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.