Knightbridge Capital, in partnership with Westside Investment Partners, is thrilled to announce the acquisition of Prentice Point, a fourteen-story, Class A office building totaling 216,645 square feet in the Denver Tech Center of Greenwood Village, Colorado. A special thanks to our partners Andy Klein, Blake Amen, Mark Witkiewicz, and Paige L. at Westside Investment Partners. We also extend our gratitude to the deal team of Paul Donahue, Cooper Williams, Andrea Mehlem, and Matthew Perigard at Essex Financial Group; Doris J. R. and Trent Stafford at Kirkpatrick Bank; Erin Kelley with Fidelity National Title; Elizabeth Peros with Sapphire Law Partners; and John Jugl, Amanda (Meldrum) Gateley, and the entire Newmark Capital Markets team for their assistance on this transaction.
Knightbridge Capital
Real Estate
Denver , Colorado 641 followers
Knightbridge Capital is a Denver-based real estate investment firm.
About us
Knightbridge Capital is a Denver-based real estate investment firm specializing in investing in multifamily and commercial assets between $5-100M throughout Colorado. We leverage our experience and relationships to maximize investment outcomes for our investors.
- Website
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https://www.knightbridgeco.com/
External link for Knightbridge Capital
- Industry
- Real Estate
- Company size
- 2-10 employees
- Headquarters
- Denver , Colorado
- Type
- Privately Held
- Founded
- 2021
Locations
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Primary
Denver , Colorado , US
Employees at Knightbridge Capital
Updates
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We are excited to announce a strategic multifamily repositioning at Knightbridge Capital. We have closed on the sale of Pearl Nines, a 16-unit apartment complex in Capitol Hill, for $315k per unit, and successfully acquired a 38-unit property in Glendale known as Bellaire Plaza for $173k per unit. After reaching the full potential of Pearl Nines, we are eager to replicate our success with Bellaire Plaza. This property presents a significant opportunity to enhance investment potential through targeted unit renovations and operational optimization.
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In 2023, U.S. law firms led a remarkable resurgence in office leasing, securing over 16.9 million square feet, indicating a robust demand for premium office space. This trend not only highlights the legal sector's resilience, but also signals a positive shift in the office market, driving future leasing activities. https://lnkd.in/gJTA7Fmq
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Exploring the strategic shifts in the U.S. real estate landscape, hedge funds are now betting on a robust rebound, forecasting a potentially lucrative turn for CRE investments. https://lnkd.in/gmzub4Tn
HEDGE FLOW Hedge funds bet on U.S. real estate rebound
reuters.com
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Blackstone's $60 billion real estate income trust, BREIT, fulfilled 100% of its investors' redemption requests in February - a positive signal and potential sign of a bottom forming in the CRE sector. https://lnkd.in/gT3djkn6
Blackstone's BREIT Fulfills 100% Redemption Requests for First Time Since 2022
https://www.credaily.com
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Brookfield's thesis unveils the U.S. Office market's hidden resilience and opportunities, challenging prevailing misconceptions. https://lnkd.in/guenJHAt
The Misunderstood U.S. Office Market | Brookfield
brookfield.com
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Amid economic challenges, Colorado projects modest growth in 2024. The commercial real estate sector is recalibrating due to shifts in office space demand and interest rates, presenting unique opportunities for informed CRE investors. https://lnkd.in/g37cNEsU
Despite many hurdles, Colorado’s economy should plow ahead in 2024, forecast says
https://www.denverpost.com
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The Denver commercial real estate market faced challenges in 2023, including high interest rates and economic pressures, similar to national trends. Despite a downturn in lending and sales, the multifamily and industrial markets showed resilience. With anticipated Federal Reserve interest rate cuts, the outlook for 2024 is cautiously optimistic. https://lnkd.in/gYtQ8jwU
Commercial Real Estate Outlook for 2024 - Mile High CRE
https://milehighcre.com
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Office leasing activity is rebounding, marking a 19.6% year-over-year increase in demand as of December 2023. This growth, propelled by improved economic stability and a shift away from remote working trends, suggests a steady return to pre-pandemic activity levels. https://lnkd.in/gtHe-5GC
Office leasing activity may pick up this year but remains well below pre-Covid-19 levels - The Business Journals
bizjournals.com
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Greg Lippman, known for his insights in 'The Big Short,' now sets his sights on undervalued commercial mortgage-backed securities, recognizing new opportunities in today's commercial real estate market. https://lnkd.in/gRE88A7w
Hedge-fund bond star Greg Lippmann readies next big bet on commercial-property debt shunned by others
morningstar.com