A Greeley medical office portfolio that traded for $15.03 million was among $47 million in acquisitions announced by American Healthcare Investors and Griffin Capital Corp., co-sponsors of Griffin-American Healthcare REIT II Inc. The Northern Colorado portfolio consists of three buildings across the street from the 378-bed North Colorado Medical Center. They were 93 percent occupied, almost entirely by University of Colorado Health. UCH’s lease expires in 2020. The buildin…

CBRE has been awarded the listing on 432 acres in Louisville where ConocoPhillips once planned a global technology campus. The team consists of Martin Roth and Eric Roth, first vice presidents with the Denver Land Services Group; Frank Kelley, a senior vice president specializing in the Northwest Denver office and industrial submarkets; and Sanford Criner, executive vice president of Global Corporate Services. Formerly Sun Microsystems’ technology campus, the property sold t…

A&P Healthcare, a group of health care construction professionals within Adolfson & Peterson Construction, recently broke ground on the University of Colorado Health’s second phase of its new cancer center in Fort Collins. The second phase is a 30,000-square-foot addition to the existing oncology clinic and radiation oncology department. The two-story center will be located on UC Health’s Harmony campus in the city’s southeastern area. The outpatient fac…

Jax Mercantile has expanded into a second Lafayette store. The Colorado-based company opened its first Lafayette store, a 37,000-square-foot Jax Outdoor Gear in June 2010. In November, the 57-year-old company hosted a soft opening for its second store, Jax Ranch and Home. The 45,000-sf retail store is home to pet and equine supplies, hardware, paint, Western wear and an assortment of lawn and garden supplies and equipment. A grand opening will be held in the spring, when farm an…

Cassidy Turley today released research examining the impending “fiscal cliff’s” impact on commercial real estate markets across the country. The report summarizes the various scenarios related to fiscal policy and then draws the link to commercial real estate. “The fiscal cliff is our primary concern regarding the continuation of Denver’s current positive growth,” according to Greg Morris, president and CEO of Cassidy Turley Colorado. “Goi…

Veteran shopping center developer Allen Ginsborg has been named the 2012 Real Estate Entrepreneur of the Year by the Everitt Real Estate Center at Colorado State University - College of Business.Ginsborg is the managing director and principal of NewMark Merrill Mountain States. The company owns and is redeveloping the Twin Peaks Mall in Longmont. The award was presented by Eric Holsapple, the executive director of the Everitt Real Estate Center.  "Northern Colorado is extr…

“You heard it here first: The market is back” was Dr. Eric Holsapple’s concluding remark based on information presented at the 16th annual Northern Colorado Real Estate Conference today in Fort Collins. Holsapple is executive director of Colorado State University’s Everitt Real Estate Center, which hosted the event with the Northern Colorado Commercial Association of Realtors. Job growth is “very healthy” in Northern Colorado and in Denver, hous…

The area surrounding Interstate 25 and Highway 52 between Denver and Northern Colorado been called a “medical desert,” but that is about to change. Major health systems have laid claim to land on either side of the interchange in Frederick. Exempla Healthcare just purchased 50 acres at the northwest quadrant for a future hospital campus. Longmont United Hospital and University of Colorado Health own just under 70 acres at the northeast quadrant, where Longmont Uni…

Bass Pro Shops has signed a letter of intent with McWhinney to anchor a major new development at Centerra in Loveland. The development will be built at the northeast corner of Interstate 25 and U.S. Highway 34. Bass Pro’s store will total approximately 117,000 square feet and will generate at least 250 jobs. “Northern Colorado is known as a destination for some of the top retailers in the country, serving not only the local community, but also attracting shoppers from …

Harmony School Shops, a fully leased shopping center smack-dab in the middle of Fort Collins’ Harmony Road retail corridor, has a new owner. The $18 million acquisition by Revesco Properties included 85,354 square feet of fully leased retail space and two undeveloped pads. Harmony School Shops includes a collection of large and mid-box stores and a high-visibility strip center fronting Harmony Road. “The lure of it is that it’s on the growth side and th…

Pinkard Construction Co. recently started the $3.3 million renovation/addition to Moby Arena on the campus of Colorado State University in Fort Collins. The project, slated for completion in December, involves 6,800 square feet of additions to both the north and south concourses. The additions comprise a new ticketing area on the north concourse and a banquet room with a commercial kitchen on the south. Also included in the scope of work are additional restrooms, renovations to t…

Affiliates of Walton Street Capital, a private real estate investment firm, and Alberta Development Partners, a Denver-based real estate acquisition, development and investment firm, have acquired Foothills Mall in Fort Collins. The price was not disclosed. The new owners plan to reposition the 753,000-square-foot mall, which is located off College Avenue and anchored by Macy’s and Sears. “The repositioning of Foothills Mall will represent a significant commitment b…

Eric Berglund was promoted to president and CEO of Upstate Colorado Economic Develoment. Berglund has served as the acting president and CEO of the group, founded in 1987 as a public-private nonprofit economic develoment corporation athat provides services to all of Weld County, since October. Read more in the July 4-July 17 issue of the Colorado Real Estate Journal. 

Construction manager/general contractor Pinkard Construction Co., with Aller Lingle Massey Architects, recently broke ground on an $8.9 million independent living facility for the Housing Authority of the City of Loveland. The Mirasol Phase II Apartment Building project is a 60-unit, three-story building part of the 25-acre Mirasol Senior Community campus which already comprises a 49-unit apartment building, 36 single-family and paired homes for seniors and a 5,600-square-foot ev…

McWhinney is developing a 165,000-square-foot manufacturing and distribution facility for Fiberspar, which provides composite, spoolable pipe to the oil and gas industry. The building will be located on 17 acres at McWhinney's Iron Horse Business Park at U.S. Highway 34 and Interstate 25 in Johnstown. CBRE broker Murray Platt, Mike Camp, Jim Bolt and Bill Thompson represented the tenant. See the June 6 issue of CREJ for more details.