El Diablo (101 Broadway) and The Rockbar (3015 E Colfax) – Denver, Colorado
Although tied up in a complex bankruptcy case, Sognare Partners was able to successfully identify, negotiate, and structure the Stalking Horse Bidder position for two of the most recognizable properties in urban Denver. Although Sognare Partners did not win the respective auctions, they were able to procure significant break up fees for each property. Sognare Partners was responsible for all facets of due diligence, contract negotiations, debt placement, tenant procurement, and underwriting for the properties. The properties are being independently redeveloped with total project costs combined exceeding $40,000,000.