The 234 Apartment

The population in Cherry Creek North is set to grow exponentially as development hits a crescendo. Can the area seamlessly transition from a retail destination to a mixed-use neighborhood? Cherry Creek has come a long way from its origins as a farming community established as the town of Harman in 1886. During the early 20th century , it was just a few houses, small farms and greenhouses on 320 acres. It was considered an economical place to live.  Fast forward to today, and the town's founder, Edwin Preston Harman , likely wouldn't recognize the area, which has evolved as Denver's premier shopping and dining district and one of the priciest neighborhoods in the region to call home. Cherry Creek is is undergoing yet another transformation with the development of new apartments, condos, office space, retail projects and a new hotel. The tony shopping district is experiencing the biggest construction boom it's seen in decades, fueled by developers wan...

The two towers comprising the Sherman Plaza in Van Nuys have sold for about $62 million, according to CBRE Group Inc. in Los Angeles. The office complex , which totals nearly 270,00 square feet at 15350 and 15400 Sherman Way, was bought by Pacific Reach Properties of Vancouver, British Columbia. The purchase is the company’s first office building in the U.S., Pacific said in a statement, although it owns and manages the National City Tower apartments in downtown Los Angeles and Blu Apartments in Beverly Hills. Majestic Asset Management Inc. of Agoura Hills was the seller. The complex was at least 93 percent occupied at the time of the current transaction. Majestic bought the buildings in 2011 for $49.5 million, according to CoStar Group Inc. To compare to other recent-area sales, 5161 Lankershim Blvd., a 197,000-square- foot office building in North Hollywood, sold for $69 million in May. Majestic also sold a 14,600-square-foot building at 4373 Park Terrace Drive within The Cam...