Colorado-Real-Estate-Journal_455381

INSIDE 18 6 FEATURED CONTENTS APRIL 16-MAY 6, 2025 Office 6 Industrial 14 Multifamily 18 Retail 22 Finance 28 Law & Accounting 34 CDE News 42 Who's News 54 14 Office auction Market Center returns to lender affiliate after foreclosure EastPark 70 CIG breaks ground on 7th and final building at business park TOD multifamily CityView buys out co-owner of Deco Apartments for $101 million 22 Grocery-anchored Out-of-state firms trade Broomfield Marketplace for $19 million by Avalon Jacka FRONT RANGE – A Cana- dian real estate investment, development and operating company added two manu- factured housing communities to its portfolio for a combined $238.53 million in March. QuadReal Property Group acquired 100% direct inter- est in Redwood Estates and Longview, located in Thorn- ton and Longmont, respective- ly. The properties total more than 1,100 pads. An entity of QuadReal purchased Red- wood Estates, located at 9595 Pecos St. in Thornton, from AMC Redwood Estates LLC for $160.73 million, and anoth- er QuadReal entity bought Longview, located at 11135 Longview in Longmont, from AMC Longview LLC for $77.8 million, according to SKLD Information Services. Both special warranty deeds were signed on behalf of the selling entities by Ross Partrich, CEO of Detroit-based RHP Proper- ties. “As a leading provider of housing globally, QuadReal is committed to expanding its portfolio of quality hous- ing options across a variety of residential types,” said QuadReal Managing Director Daniel Gliksman. “This lat- est acquisition enhances our growing U.S. manufactured housing portfolio and reflects our strong residential convic- tion globally.” Each pet-friendly commu- nity features a community clubhouse, pool, playground, soccer field and off-street park- ing, and provides community events and on-site manage- ment, maintenance and sales. Redwood Estates cur- rently has two pads for sale. The property also offers rec- reational vehicle storage. The community is located 9 miles from Denver and is proximate to retail and dining options, including Saigon Basil, Cinzet- ti’s, Walmart, Sam’s Club and The Home Depot. Longview is currently fully occupied, according to the community’s website. The property’s additional ameni- ties include basketball and volleyball courts, carports, a pond with fishing, a fitness center, a library, a picnic area with a pavilion and grill, and scenic views. The communi- ty is positioned 5 miles from downtown Longmont and is near a number of retail, dining, entertainment and recreation options, including Target, Marshalls, The Home Depot, Gurkhas Restaurant, Sumo Sushi & Grill, Golden Ponds Park, Firehouse Art Center and Dougherty Museum. The pair of acquisitions fol- lowed QuadReal’s $330 mil- lion purchase of an eight-asset manufactured housing portfo- lio last year, bringing its U.S. manufactured housing portfo- lio to more than 3,500 pads. Its global residential portfolio is comprised currently of more than 124,000 units, with 32,700 located in the U.S. The firm plans to deliver an additional 24,000 units globally by the end of 2030. “At QuadReal, we are com- mitted to expanding our global residential portfolio and enhancing our offering of quality housing options across a variety of residential types, including manufactured hous- ing,” Gliksman said. “Our recent manufactured hous- ing acquisitions in the U.S. are a natural extension of our Canadian portfolio, which totals over 13,100 pads. As we expand in the U.S., we are tar- geting specific locations in and around urban centers in high- growth markets.” Based in Vancouver, British Columbia, Canada, QuadReal QuadReal pays $240M for 2 properties by Avalon Jacka BOULDER – Ahistoric hotel in downtown Boulder will undergo renovations follow- ing its acquisition by a Nash- ville, Tennessee-based real estate and hospitality com- pany. GBCO Owner LLC, an entity with an address affiliated with Adventurous Journeys Capital Partners, acquired the Hotel Boulderado from Bouldera- do Hotel Ltd. LLP and Dia Dorado LLC for $102 million in April, according to Boul- der County public records. Both selling entities share an address affiliated with Frank and Gina Day’s Concept Res- taurants. “The Boulderado is more than a hotel – it’s the pride of the city, an iconic part of Boulder’s distinct character and charm,” said BenWeprin, Graduate Hotels founder and AJ Capital Partners CEO. “We are thrilled and honored to partner with the Days, who have been passionate stewards of this beloved property for over four decades. Together, we look forward to honoring the Boulderado’s unmistak- able spirit, celebrating its his- tory, and introducing thought- ful touches that will elevate the guest experience for genera- tions to come.” Located at 2115 13th St., Hotel Boulderado has been a fixture of the community since opening on New Year’s Eve 1908. The 160,000-square-foot hospitality property was Boul- der’s first luxury hotel and is a designated city landmark, a member of Historic Hotels of America, and a listee on the National Register of His- toric Places. Designed by local architects, the five-story brick building features a mix of Ital- ian Renaissance and Spanish Revival architectural influ- ences. Hotel Boulderado features Victorian-inspired rooms with modern amenities and large windows offering ample light and views of the city and foot- hills. The hotel includes three in-house dining establish- ments and 10,000 sf of meet- ing and banquet space. Hotel Boulderado also has numer- ous green initiatives, including a recycling program, a linen and towel reuse program, a program to donate unused banquet food, three electric car charging stations, and using LED light bulbs and 60% post- New Hotel Boulderado owner plans updates Please see QuadReal, Page 16 Please see Boulderado, Page 58 Located at 2115 13th St., the 160,000-square-foot Hotel Boulderado traded hands for $102 million.