Corum Real Estate sells Central 62 in $21.33 million deal
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Kris Oppermann Stern
October 15, 2018
‘Last, best’ office building on Platte in final design stages
The Nichols Partnership is finalizing plans for a $120 million office/retail building on Platte Street’s last sizable development site. One Platte will include 247,000 square feet of office space, street-level retail/restaurant space and two levels of below-grade parking. It will be developed on 1.46 acres at 1701 Platte St. “We think it’s going to be…
Kris Oppermann Stern
October 13, 2018Kennedy Wilson buys 6200 S. Quebec for $85.2 million
A global real estate investment company acquired a southeast suburban Denver office building for $85.2 million, according to Arapahoe County records. An affiliate of Beverly Hills, California-based Kennedy Wilson bought 6200 S. Quebec, a 335,855-square-foot Class A building in Greenwood Village. The seller was CSHV Denver Tech Center LLC, managed by CBRE Global Investors. Aecom,…
Kris Oppermann Stern
October 12, 2018
Eyewear company signs lease for 309,962 square feet
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Kris Oppermann Stern
October 12, 2018
Prime West, Partners Group break ground on Newmont headquarters
A 380,000-square-foot office building anchored by Newmont Mining Corp. has broken ground at Belleview Station, which Denver Mayor Michael B. Hancock called “the most dynamic and progressive transit-oriented development site in Denver.” Newmont becomes the second Fortune 500 company to choose the development at Interstate 25 and East Belleview Avenue for its headquarters. Western Union…
Kris Oppermann Stern
October 12, 2018
Industrial building sells for $189 per square foot
Gullo Cos. sold a 12,672-square-foot industrial building on 1.43 acres at 4960 Locust St. in Commerce City for $2.4 million, or $189.39 per sf. The property features a fully paved and secure yard. The buyer was a local investor, Eric Stern. “At nearly $190 per square foot, this sale shows again how strong the demand…
Kris Oppermann Stern
October 12, 2018
Emerging Trends ranks Denver in top 10
Denver made the Top 10 list in the latest Emerging Trends in Real Estate 2019 report, which was released Wednesday. Denver was ranked No. 8 of 79 metropolitan statistical areas in the comprehensive Emerging Trends report released by PwC US and the Urban Land Institute. In the Rocky Mountain region, Denver ranked first of eight…
Kris Oppermann Stern
October 11, 2018
John Blumberg of Black Creek remembered
“Frankly, most people in the business probably don’t know we’re out there,” John Blumberg told me 18 years ago. I was the real estate editor of the Rocky Mountain News and Blumberg was thrilled that a business-to-business site that facilitated the private placement of commercial real estate capital and was owned by his Denver-based Black…
Kris Oppermann Stern
October 10, 2018
Colorado State Bank Building hits the market
The Colorado State Bank building, a 26-story office tower that takes its name from its anchor tenant, has hit the market. The 445,595-square-foot Colorado State Bank Building is owned by LBA Realty, based in Irvine, Calif. “LBA Realty started buying distressed properties around 2002” and continued its buying spree for the next decade, according to…
Kris Oppermann Stern
October 9, 2018
State’s biggest single-story industrial building sells for $40.75M
An opportunistic investor paid $40.75 million for the Sears distribution facility in Brighton, the largest single-story industrial building in Colorado. The 1.31 million-square-foot building sits on 104 acres at 18875 E. Bromley Lane. Newport Beach, California-based Starboard Realty Partners LLC paid approximately $31.35 per sf for the asset. Sears has a leasehold interest on the…
Kris Oppermann Stern
October 8, 2018
