Point Belleview office/retail asset trades for $6.75 million
An owner who created a great turnaround story for an office/retail building in Aurora sold the property for $6.75 million, or $193 per square foot. Point Belleview, located at 5001 S. Parker Road, is a 34,806-sf, two-story building with excellent visibility along South Parker Road. The developer who completed the project in 2006 lost it…
Kris Oppermann Stern
February 10, 201615-story tower planned for La Loma site
L&L Developments Inc. has filed a preliminary site plan with Denver Community Planning and Development for a 15-story, 713-unit multifamily tower on the La Loma Mexican restaurant site in the Jefferson Park neighborhood in Northwest Denver. The developer could not be reached for comment. However, Rafael Espinoza, who not only represents Jefferson Park, but lives…
Kris Oppermann Stern
February 4, 2016Sidford Capital bets neighbors’ rising rents will benefit Uptown
An Uptown Denver office building that’s been under the same ownership for 18 years sold to a local group that expects to capture smaller tenants priced out of neighboring office submarkets.
Kris Oppermann Stern
February 3, 2016Warehouse Central sells in rare central Denver investment deal
A San Francisco-based firm put up $24 million for the rare chance to buy a large, central Denver industrial property. An affiliate of Stockbridge Capital Group LLC paid $73.65 per square foot for Warehouse Central, a 325,858-sf building at 2400 W. Fifth Ave. The asset is 100 percent leased.
Kris Oppermann Stern
January 31, 2016The resurgence of urban food markets
Urban food markets are having a moment. Following the August 2013 opening of The Source in River North, this year will see the opening of two new urban food markets – The Central Market at 2669 Larimer St., and Stanley Marketplace at 2501 Dallas St., in Aurora. Additionally, The Source’s marketplace is adding 20,000 square feet of space along with a 7,000-sf roof-deck beer garden and pool, as well as a 100-key connected hotel.
Kris Oppermann Stern
January 30, 2016Panorama Corporate Center fetches $190.62 million
Panorama Corporate Center has traded for $190.62 million in yet another blockbuster deal for the southeast suburban office market.
Kris Oppermann Stern
January 30, 2016Partnership pays $8.04 million for MeadowView Village Center
A southwestern Longmont office/retail property sold to a local partnership for $8.04 million. Meadowview Center LLC paid $144.01 per sf for MeadowView Village Center, a three-building property at 600 S. Airport Road. The center consists of a two-story office/retail building and two single-story buildings with office, medical office and retail tenants, for a total of…
Kris Oppermann Stern
January 29, 2016Fuller brokers sell Ken-Caryl retail center
Dennis Carruth, the master-developer of Ken-Caryl Ranch, recently sold a retail center he developed in the master-planned community. Sageo LLC, headed by Oliver and Ann McBryan of Boulder, paid $3.75 million for the 14,390-square-foot Sagewood III center at 10065-10125 W. San Juan Way, just off Kipling Street, near C-470. The sales price equates to $260.60…
Kris Oppermann Stern
January 29, 2016Are Denver apartments overbuilt?
The Denver-area apartment market, which has benefitted by an unprecedented stretch of rising rents and falling vacancies, may finally be showing signs of falling back to earth. However, no one is predicting the type of apartment bust that followed other boom periods, two experts recently addressed the potential that more supply is being added than…
Kris Oppermann Stern
January 29, 2016Tupler, Simon arrange $31 million loan
Eric Tupler and Josh Simon of the Denver office of Holliday Fenoglio Fowler LP recently arranged a $31.2 million acquisition loan for Miami-based Advenir Inc. for its purchase of the 345-unit Villas at Parker. Records indicate Advenir paid $39 million for the community at 1090 S. Parker Drive in Denver. Records show that the seller,…
Kris Oppermann Stern
January 27, 2016