{"id":1004053286,"date":"2011-12-04T21:18:35","date_gmt":"2011-12-05T05:18:35","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=26519"},"modified":"2022-12-08T09:12:49","modified_gmt":"2022-12-08T17:12:49","slug":"mig-real-estate-llc-acquires-240-unit-multifamily-community-cornerstone-real-estate-advisors-adds-1899-wynkoop-st-office-tower-to-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mig-real-estate-llc-acquires-240-unit-multifamily-community-cornerstone-real-estate-advisors-adds-1899-wynkoop-st-office-tower-to-portfolio\/","title":{"rendered":"MIG Real Estate LLC Acquires 240-unit Multifamily Community; Cornerstone Real Estate Advisors Adds 1899 Wynkoop St. Office Tower to Portfolio"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor<\/p>\n

MIG Real Estate LLC, a Newport Beach, California-based real estate investment company, has acquired the multifamily community Rosemont Ridge at Lowry for $29.7 million. Located at 10000 East Alameda Avenue, on approximately 10 acres of land, the 240-unit community was built in 2003 and offers various amenities such as a fitness center, business center, clubhouse, theater and spa. The property includes 242,562 square feet of rentable space and is close to the master-planned communities of Lowry and Stapleton.<\/p>\n

MIG has spent over $400 million in acquisitions during the past two and a half years, having acquired in the Denver market a Holiday Inn & Suites and a Holiday Inn Express in August 2010 and I-225 Plaza in March 2011, a five-building, mixed-use property in Aurora, Colo., just southeast of Lowry and Rosemont Ridge.<\/p>\n

The seller was represented by David Potarf, Dan Woodward, and Jordan Robbins of CBRE. MIG Real Estate represented itself. MIG contracted Alliance Residential Company to manage Rosemont Ridge.<\/p>\n

In other news, The Denver Business Journal<\/em> reports Cornerstone Real Estate Advisors acquired 1899 Wynkoop St. The deal was brokered by Jones Lang LaSalle\u2019s Mary Sullivan and John Jugl. The 164,000-square-foot office tower developed by Nichols Partnership Inc., doing business as Wynkoop LLC, opened in 2000 and currently has a 93 percent occupancy rate. The largest tenant is Chicago-based law firm Bartlit Beck Herman Palenchar & Scott LLP. Nichols Partnership Inc. will stay in the building.<\/p>\n

Randy Nichols, president of Nichols Partnership Inc., said 1899 Wynkoop drew a price of $52.7 million. His next big project is a 312-unit apartment complex with a grocery store on the ground floor at 20th Street and Chestnut Place.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Gabriel Circiog, Associate Editor
\nMIG Real Estate LLC, a Newport Beach, California-based real estate investment company, has acquired the multifamily community Rosemont Ridge at Lowry for $29.7 million. Located at 10000 East Alameda Avenue, on approximately 10 acres of land, […]<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21742],"tags":[],"class_list":["post-1004053286","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest"],"acf":[],"yoast_head":"\nMIG Real Estate LLC Acquires 240-unit Multifamily Community; Cornerstone Real Estate Advisors Adds 1899 Wynkoop St. Office Tower to Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mig-real-estate-llc-acquires-240-unit-multifamily-community-cornerstone-real-estate-advisors-adds-1899-wynkoop-st-office-tower-to-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIG Real Estate LLC Acquires 240-unit Multifamily Community; Cornerstone Real Estate Advisors Adds 1899 Wynkoop St. Office Tower to Portfolio\" \/>\n<meta property=\"og:description\" content=\"By Gabriel Circiog, Associate Editor MIG Real Estate LLC, a Newport Beach, California-based real estate investment company, has acquired the multifamily community Rosemont Ridge at Lowry for $29.7 million. 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