Denver

Bendetti took note of the appeal of creative office space and the demand for that type of work environment and saw an opportunity to use some of those elements in its industrial properties.

Xenia's predecessor Inland American Lodging Group, Inc., a wholly owned subsidiary of Inland American Real Estate Trust, Inc. acquired the 14-story Residence Inn by Marriott Denver City Center and adjoining 448-space parking garage for $80 million.in April 2013.

Holliday Fenoglio Fowler, LP, reports that the construction loan for the 595,039-square-foot Class AA speculative office tower being built in Denver's central business district was provided through PCCP, LLC.

For the past four years, BREG invested in substantial capital improvements and implemented an active management plan to convert the property from standard office zoning to its current medical office status.

Completed in 2010, Tempe Metro features studios, one-, two- and three-bedroom apartment units with nine-foot or 17-foot vaulted ceilings.

The 23 Class A properties are located in the Atlanta, Austin, Charlotte, Dallas, Denver, Houston, Las Vegas, Nashville, Orlando, Phoenix, Raleigh, San Antonio and Tampa markets.

Office is the latest sector to embrace the concept of placemaking.

Occupancy was 90% at the time of sale.