Aurora apartment complex goes for $29M, central Denver industrial building fetches $8M and Castle Rock retail changes hands.
The Pipeline: Commercial real estate deals for 12.16.22
Thomas Gounley
Thomas covers commercial real estate and development. He is a graduate of the University of New Hampshire and previously worked as a business reporter at the Springfield News-Leader. Email him at [email protected].
Tech therapy startup SonderMind cuts 15 percent of staff
“Given the current economic conditions, we made the decision to accelerate our path towards profitability,” CEO Mark Frank said.
City finally close on deal to buy hotel for the homeless at I-70 and Peoria
The expected price tag is now $9 million, up from when Mayor Michael Hancock and Congresswoman Diana DeGette announced the planned buy in May 2021.
Denver ‘blitz’ aims to reduce mountain of development plans needing review
Ignore emails, skip meetings and don’t answer the phone, staff in one Denver department have been told.
Council vote paves way for demolition of late architect’s Cherry Creek home
Robin Kniech called the decision a “heartbreaker.” Paul Kashmann said he “will hate to see it go.” But both voted against preservation.
Polo Club mansion sells for $17.7M to buyer of Bill Gates’ Florida estate
It’s the third most ever paid for a residential property in the Denver area.
Buyer of Cherry Creek office building looks to redevelop north of it
The existing retail buildings at the southwest corner of 3rd and Josephine are occupied by a Chinese restaurant and a dry cleaners.
Kimpton Hotel sells at a loss to Brown Palace owner
The hotel sold for less than it did in 2013.
The Pipeline: Commercial real estate deals for 12.9.22
Apartments by DU fetch $41M, Centennial bowling alley sells and a Vietnamese restaurant takes space by East High.
Downtown condo developer buys adjacent ground-leased 7-Eleven site
On Wednesday, the Welton lot sold for $8 million, then was resold for $4.7 million. That’s not a typo.
