Twenty-five major Denver-area office properties are either outright owned by a lender or effectively controlled by one.
Denver’s reluctant landlords: Lenders taking growing number of office buildings
Distressed Office
Westside buys downtown’s Lincoln Crossing at 90% discount
The two towers between Sherman and Lincoln fetched $10 million.
Downtown towers sell for $3M; 700-unit residential conversion planned
The $200 million redevelopment will require renegotiating a ground lease, securing public money and a lot of patience.
RiNo office building Hub North surrendered to lender
The previous owners bought it vacant and secured tenants, but that apparently wasn’t enough.
Crescent buys half-leased Park Central office building downtown
The 550,000-square-foot building at 1515 Arapahoe St. is 45% occupied.
RiNo’s Rev360 office building, empty since 2020 completion, given to lender
A local development team sold the building to Shorenstein in late 2021.
Centennial office sells at deep discount; Buyer mulls conversion, demolition
The buyer wasn’t able to wait to see if a proposed rezoning is approved.
Local firm buys DTC office at 75 percent discount in bankruptcy auction
The building is 35 percent leased.
Lender forecloses on coworking firm’s downtown office tower
This is the second downtown building that Chicago-based Expansive has lost to a lender.
Tuff Shed founder buys company HQ office complex at huge discount
The company has been at I-25 and Colorado for 30 years and bought the building at 70% less than the owner paid in 2019.
