Colorado-Real-Estate-Journal_525596

INSIDE 13 FEATURED CONTENTS MAY 6-19, 2026 Office 6 Industrial 10 Multifamily 12 Retail 14 Finance 21 Law & Accounting 26 CDE News 28 Who's News 39 10 Applied science Colorado School of Mines buys research and development facility Leasing launch MGL, Rockefeller begin leasing for second building in The Juniper 14 High-traffic retail Local firm buys 50,445-square-foot Washington Center for $10M 6 Distressed office Receiver of Cherry Creek Place I and II sells buildings for discount by Avalon Jacka DENVER – A 200-unit lux- ury apartment community in the northeast submarket sold for $56 million in March. PC Momentum LLC, an entity of Utah-based Peak Capital Partners, acquired Momentum at First Creek, located at 5500 Telluride St., from Momentum Apart- ments LLC, an entity of Mas- simino Development, accord- ing to Apartment Insights. The seller, a Colorado-based company and developer of the community, was represented by Craig Stack, Bill Morkes and Nate Moyer of Colliers’ Denver office in the transac- tion. “Momentum at First Creek is a high-quality, well-constructed asset strategically positioned in a growing area of Denver, offer- ing excellent connectivity, walk- ability and access to the expanding employment base near DIA,” Stack said. “While market fun- damentals in Denver remain challenging, we saw strong interest from the investment community, driven by confidence in the prop- erty’s long- term value, quality and location.” The Colliers team received more than 10 offers for the asset, according to Stack. “ D e s p i t e there being a significant amount of new apart- ment deliv- eries in the submarket, the DIA submarket has strong apartment absorption and job growth, which attracted inves- tor activity,” Stack said. Completed in 2023, the 196,536-square-foot commu- nity comprises a mix of one-, two- and three-bedroom units. Unit interiors feature mas- Momentum at First Creek sells for $56M by Avalon Jacka DENVER – A national law firm signed a new lease for a full floor in a downtown office tower, underscoring its commitment to the build- ing and to Denver. FBT Gibbons signed a lease for the entire 49th floor of 1801 California St., total- ing 22,131 square feet, and will renovate the space prior to moving in from its cur- rent space in the building. The firm plans to move into the new space in September. “We’re seeing a clear ‘flight to quality’ in Den- ver, where companies are gravitating toward premier buildings that offer a differ- entiated experience for both clients and employees,” said John Kellogg, partner- in-charge of FBT Gibbons’ Denver office. “Our deci- sion to invest in 1801 Cali- fornia reflects that trend and underscores our confidence in downtown’s next chapter. We’re building a space – and a team – that’s designed for where this market is going.” DLR Group is serving as architect for the renovation, and Provident Construc- tion is serving as general contractor. Once complete, the redesigned office will feature modern, highly collaborative workspace; upgraded technology infra- structure; and centralized gathering areas to foster connectivity and innovation. In January, law firms Frost Brown Todd and Gibbons combined to form FBT Gib- bons, creating a national midmarket legal firm with more than 800 attorneys across 26 offices. The new Denver office represents a significant milestone as the firm continues its expan- sion in the Rocky Moun- tain region. Since launching its Denver office in April 2024 with nine employees, the number of employees has nearly tripled. The local office, also at 1801 California totaling 11,103 sf on the 27th FBT Gibbons signs 22K-sf, full-floor lease FBT Gibbons reinforced its commitment to both downtown Denver and 1801 California St. with a new lease for the entire 49th floor of the building. Please see FBT Gibbons, Page 20 Please see Momentum, Page 20 Completed in 2023, the 196,536-square-foot Momentum at First Creek comprises a mix of one-, two- and three-bedroom units. Craig Stack Bill Morkes Nate Moyer