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$255 million apartment sale in Superior said to be Colorado's largest ever

A 1,206-unit apartment complex in Superior has sold for $255 million, according to public record, making it the largest apartment-complex sale in Colorado’s history, according to the brokerage that handled the deal.

The Horizons at Rock Creek at the intersection of U.S. 36 and 88th Street has been sold to Bell Partners of Greensboro, North Carolina.

Simpson Housing LLP was the seller, represented by ARA Newmark.

“There were 20 competitive offers on the property given the market’s strong fundamentals,”…

A closer look at Under Armour's new Portland site (Photos)

Under Armour’s planned Portland expansion marks a clear shot across the bow of its two primary competitors.

That is, Under Armour will lease the full 70,000 square feet former YMCA building immediately south of downtown. The spot comes replete with a running track and a prominent site that’s visible to thousands of daily commuters.

The move will bring Under Armour into a space that’s nearly five times bigger than the company’s current Pearl District space.

The space features:

Complete fitness…

3 commercial real estate takeaways on Under Armour's new SW Portland building

Under Armour’s purchase of the old YMCA facility on Southwest Barbur Boulevard, for $10 million, could have a huge effect on commercial real estate both near the site itself as well as throughout the city.

We caught up with Jennifer Medak, senior vice president for brokerage for New America International — Norris, Beggs & Simpson, to find out what the deal means.

Is this a good price for a) 70,0000 square feet at b) that Southwest Portland location?

A “good price” is relative. This facility…

Milwaukee's Coolest Offices: Johnson Controls converts 1940s industrial space: Slideshow

Johnson Controls Inc. and its contractors took a 1940s manufacturing space in West Allis and converted it into offices, filled with “recharge spaces,” employee collaboration areas and foosball tables. Check out the attached slideshow to see photos of the new office space.

The firm took 130,000 square feet of office space in a vacant, two-story industrial building at 801 S. 60th St., which was a former Allis-Chalmers plant, and created office space for hundreds of workers and contractors tasked with…

GSA kicks off search for the next generation of real estate brokers

Commercial real estate experts will have the ability to alert the federal government to changes in the market, such as when is the best time to renegotiate a lease, as the General Services Administration gears up to launch a replacement to what’s now known as the National Broker Contract.

The GSA, in a request for proposals posted to FedBizOpps on Monday, officially kicked off what it’s calling the GSA Leasing Support Services contract. The agency, the federal government’s real estate arm, has been…