Denver Tech Center office tower sells to previous owner for $57M
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Denver multifamily concessions are tightening as the 2024 delivery wave clears, and industrial along the I-25 corridor continues to find institutional bids. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 38th Denver story tracked on the wire in September 2026. All Denver coverage →
- Disclosed office deal value tracked in September 2026: $14.3B across 77 reported transactions. All Office coverage →
Computed from Real Estate Trail’s own tracked coverage
External link. Real Estate Trail does not republish source content.
Related coverage — Denver · Office
PAULS Re-Acquires 15-Story Denver Office Tower
PAULS Re-Acquires 15-Story Denver Office Tower
PAULS acquired Regency Plaza, a 15-story, 335,908 square foot Class A office tower located at 4643 South Ulster Street in the Denver Tech Center. The building was purchased from Granite Properties. The purchase marks…
Griffis Residential Receives $86M in Financing for Denver Apartment Community
DENVER — Griffis Residential has received $86 million in financing for Griffis Union Station, a Class A apartment property in Denver. Eric Tupler, Kevin Barron and Jake Martin of JLL Capital Markets secured the five-y…
Carmel Picks Up Second Denver Rental Asset This Month
Carmel Partners purchased Edison at RiNo, a 277-unit luxury apartment building at 3063 Brighton Blvd. in Denver. The company paid $76.6 million for the apartment complex. Clarion was the previous owner. JLL secured Cl…
Grand Peak, Silverton Break Ground on 164-Unit Mixed-Income Community in Avon, Colorado
AVON, COLO. — Denver-based developer Grand Peak, in partnership with Silverton Holdings, a Braselton, Ga.-based developer specializing in hospitality projects, has broken ground on The Summit. The 164-unit community i…
Brennan Investment Group Acquires 136,744 SF Industrial Property in Denver
DENVER — Brennan Investment Group has purchased 5050 Ironton, an industrial building on 8.7 acres within Montbello Industrial Park in Denver’s northeast industrial submarket. Terms of the transaction were not disclose…