This Week’s Denver Offer Sheet (August 8, 2022)

Street view of the 800 block of Broadway where Amli Residential will build a 366-unit, 16-story apartment tower and ground floor retail.

Amli Residential will build a 16-story, 366-unit, LEED Gold-certified apartment tower with ground-level retail on the 800 block of North Broadway. The project will be built on a 63K SF site at 815 and 899 Broadway on a ground lease from Lake Street Partners.

Facilities will include a bike café, a panoramic terrace and a swimming pool, as well as a pet yard with views of the city center. Capstone Colorado Land Team’s Travis Hodge and Tony Bobay brokered the deal. Davis Partnership is the architect and the general contractor is Milender White.

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Courtesy of Tower Capital

Tower Capital has hired Steve Chiles to lead its new Denver office.

PEOPLE

Tower Capital, a commercial real estate finance company headquartered in Scottsdale, Arizona, opened an office in Denver and appointed Steve Chiles as senior managing director.

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Matthew Archuletta has been promoted to regional manager of the Beck Group’s Denver office, the first Latino man to assume the role. Archuletta was previously a project manager at the company.

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JLL’s Appraisal Advisory Group has hired Adam Dembowitz as General Manager of its Denver office, where he will manage the group’s services for all property types in the Western Region.

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Courtesy of JLL

Adam Dembowitz is Denver’s new managing director for JLL’s Valuation Advisory Group.

SALES

The Vicinity, a 45-unit multi-family property located at 1010 East 13th Ave. in Denver, sold to an undisclosed buyer for $11 million. Brandon Kaufman and Will Scherman along with Kaufman Hagan represented both parties in this transaction.

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An undisclosed Colorado-based private investor has acquired the 40K SF Springs Ranch mall at 6010-6080 North Carefree Circle in Colorado Springs, Colorado for $8.3 million. CBRE’s Parker Brown, Matthew Henrichs and Brad Lyons represented the sellers.

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An undisclosed San Diego-based investor has acquired Peterson Square, a fully leased 14K SF mall at 6809 Space Village Ave. in Colorado Springs, in a 1031 exchange from a Denver-based fund for $5.55 million. CBRE’s Parker Brown, Matthew Henrichs and Brad Lyons represented the sellers.

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MIG Real Estate, headquartered in Newport Beach, California, has purchased the DoubleTree by Hilton Hotel Breckenridge at 550 Village Road in Breckenridge, Colorado from Vail Resorts. MIG has retained Vail Resorts Hospitality to manage and operate the asset. Mark Darrington and Larry Kaplan of CBRE Hotels brokered the sale.

THIS AND THAT

Denver-based Pivot Energy plans to build a five-megawatt, 24-acre solar power facility in Boulder County, Colorado under a contract with Xcel Energy. Pivot will own and operate the facility east of Highway 119 and south of Highway 52 for its operational life, which is expected to be 25 to 35 years.

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