'The market is moving, just slower than we want': Quantifying 2023's drop in deals
Last year saw only $894 million in Denver-area office building sales, down from $2+ billion in years prior.
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Last year saw only $894 million in Denver-area office building sales, down from $2+ billion in years prior.
The purchase by a Texas firm familiar with the neighborhood works out to $637 a square foot.
Across all asset classes, buyers are looking for high-quality buildings — particularly new ones as the flight to quality continues.
Asana pays $92M for Larimer Square in block’s first sale since 1993 BusinessDen file) Denver’s most famous block has sold. Charlotte-based Asana Partners closed on its purchase of Larimer Square on Tuesday. The firm paid $92.49 million, according to public records. The deal included all structures on both sides of the 1400 block of Larimer Street, which compromises Larimer Square. It also included some properties in the 1400 block of Market Street, including a 306-unit parking garage. In total, 250,000 square feet of retail and office space changed hands. The properties were sold by Jeff ...