Denver

RingCentral Inc. Expands Denver Office

San Mateo-headquartered RingCentral Inc. recently announced that the company is expanding its Denver office. The company provides cloud business communications solutions and had opened the Denver office in 2011 to increase sales, technical and customer support personnel as the company expanded nationally.

New African Cultural and Business Center, Afrikmall, Set to Open This Summer

An ownership entity created by Colorado-based Northstar Commercial Partners, 10180 E. Colfax LLC, has acquired a building in Aurora, Colorado and has provided a long-term lease to Afrikmall.

Crow Holdings Capital Partners Acquires the Historic Brown Palace Hotel Portfolio

Crow Holdings Capital Partners recently announced that its Crow Holdings Fund VI has completed the purchase of Brown Palace. The transaction includes the Brown Palace Hotel & Spa, as well as the adjacent Comfort Inn Downtown Denver, with a total of 472 guest rooms, 22,100 square feet of meeting space and five food & beverage venues.

NGKF Opens New Office in Colorado Springs

The Colorado Springs market is going through recovery, and Newmark Grubb Knight Frank has prepared itself for the impending turnaround with the opening of a new office in the city.

JLL: Rents Expected to Keep Rising at U.S. Skyscrapers

Rents are rising and vacancy rates are falling at America’s trophy skyscrapers, spurred by aggressive investors, tightening supplies and the growing technology, energy and healthcare sectors.

Five Welton Street Projects Win $475,000 in Planning Grants Through the Welton Design / Development Challenge

Denver Mayor Michael B. Hancock and the Denver Office of Economic Development recently announced the winners of the very first Welton Design / Development Challenge, a new grant-making approach which aims to provide momentum to revitalize one of Denver’s most historic neighborhoods.

Joint Venture Between Zocalo Community Development and Principal Real Estate Completes Sale of Residential Development at Union Station

Denver’s multifamily market recently recorded an important acquisition as an institutional client of Invesco Real Estate bought a residential complex from the partnership between Zocalo Community Development and Principal Real Estate Investors. The recently-completed apartment community is located in the city’s growing neighborhood of Union Station.

Longmont Local Authorities Opening up Debate for Redevelopment District, Former Site of Butterball Factory

After a crucial rezone measure was taken by local authorities, it is time for locals and investors to start coming up with ideas for a redevelopment site in the city of Longmont, Colo. The plan is to get inspiration for the development projects that would eventually replace the defunct Butterball factory occupying a large chunk of land.

Pathfinder Partners Acquires M-U Development in Denver

San Diego-based Pathfinder Partners LLC has purchased the newly constructed King Lofts, marking the company’s 10th Colorado acquisition. Pathfinder partnered with Denver-based The Craft Companies LLC on the acquisition.

Cole Buys 430 KSF Shopping Center in Denver Area for $117M

Cole has purchased the major portion of Cornerstar, a 750,000-square-foot regional power center in Aurora, Colo., from a joint venture of PCCP and Alberta Development Partners for $117 million.