Dan Pulcrano, CEO of Boulevards New Media Inc. announced today the sale of Denver.com in a “seven figure transaction.” The buyer is Peter Niederman, CEO of Kentwood Real Estate. Mr. Niederman also recently bought Boulder.com and he also owns and operates DenverRealEstate.com.
Boulevards will continue to manage the property on behalf of the buyer. Prior to the deal, Mr. Neiderman had been the exclusive real estate partner on Denver.com. Kentwood Real Estate did $1.1 billion in residential real estate transactions last year and is on target for between $1.3-$1.4 billion this year.
“I viewed the purchase of Denver.com as a unique and historic opportunity. To acquire the intuitive Internet brand of a world-class city like Denver is very rare,” Niederman said. “It fits in perfectly with Kentwood Real Estate’s strategic Internet vision of integrating lifestyle and neighborhood-specific content with real estate services.”
Boulevards is the largest owner and operator of top-tier US city names. Its properties include Seattle.com, SanFrancisco.com, LosAngeles.com, Dallas.com, SanAntonio.com, Houston.com, Philadelphia.com, Memphis.com, Minneapolis.com and Raleigh.com.
Prior to the sale, Kentwood Real Estate provided MLS listings and property search services for Denver.com’s real estate channel. Kentwood Real Estate has three locations across the city and Denver suburbs, as each office has in-depth expertise specific to the community. The three offices are Kentwood Company in the Denver Tech Center, Kentwood Company at Cherry Creek and Kentwood City Properties in downtown Denver.
The future continues to unfold for the real estate industry and how people simply find a home within which to live. Maybe not so simple anymore if we take into consideration all of today's technology.