Mixed-use TOD building in Lakewood sells for $20.9M
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Kris Oppermann Stern
February 16, 2018
Multifamily conference coming March 8
Multifamily mystery. Stock market volatility. Interest rates rising. Tax law changes. These are just three macroeconomic variables that could impact the multifamily market in the Denver area as well as the nation. The impacts of this trifecta of changes are likely to be topics touched upon by more than a dozen experts who will address…
Kris Oppermann Stern
February 15, 2018
Cress Capital buys Orchard Pointe for $16.55M
A commercial real estate investment company that’s acquired nearly $100 million in Colorado assets in the last 12 months now owns Orchard Pointe, a prominent Class A office building in the Denver Tech Center. Cress Capital, in partnership with Revesco Properties, purchased the 120,873-square-foot building in Greenwood Village from TA Realty for $16.55 million. Orchard…
Kris Oppermann Stern
February 13, 2018
Roof replacements to cost a lot of green
Roof replacements in Denver rolled out to what may have been a record in 2017. The city of Denver issued 18,475 permits for new roofs last year, 54.6 percent more than the 12,016 in 2016, according to data from Denver Community Planning and Development. Overall, permit activity in Denver was up 17 percent in 2017…
Kris Oppermann Stern
February 13, 2018
Logistics company signs lease for 139,417 square feet in Aurora
A third-party logistics company is vastly expanding its Denver presence with a new location in Majestic Commercenter in Aurora. Lanter Delivery Systems Inc., which reportedly occupies about 17,000 square feet of space in Aurora, signed a long-term lease for 139,417 sf in an industrial building Boulder-based Conscience Bay Co. owns at 20101 E. 36th Drive.…
Kris Oppermann Stern
February 11, 2018
Level Office picks downtown Boulder co-working location
Level Office will open its second Colorado co-working facility in a 22,533-square-foot building in downtown Boulder. The company purchased the building at 1495 Canyon Blvd. from U.S. Bank for $6.5 million, according to Boulder County records. The bank leased back a small portion of the space, which houses a branch bank, for five years. Level…
Kris Oppermann Stern
February 11, 2018
Greeley apartment community with upside achieves top dollar
A Greeley apartment community commanded the second-highest price per unit ever achieved in the city with its sale to a California real estate investment firm. Alta Community Investments paid $15.4 million, or $142,593 per unit, for Franklin Flats, a 108-unit community on 4.45 acres at 3208 W. Seventh St. The price per unit was a…
Kris Oppermann Stern
February 11, 2018
Denver buyer acquires historic building, parking lot for $6.5M
This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]
Kris Oppermann Stern
February 11, 2018
Context key for architect Craine
Context is everything when architect Dan Craine is designing buildings in Denver’s urban neighborhood, and even in suburban locales like Castle Rock and Arvada. But context doesn’t mean that every new building is necessarily the size and height of what has gone before it, according to Craine, principal and founder of his namesake firm, Craine…
Kris Oppermann Stern
February 7, 2018
Element hotel gets underway in Denver’s Golden Triangle
A $40 million Element by Westin hotel is underway in Denver’s Golden Triangle. Excavation has begun for the 157-room hotel, which will be located at 1314 Elati St. It is being developed by two Colorado-based developers, H&H Hotels and Alliance Investments, along with equity partner Promanas, based in Michigan. The Element Downtown Denver East Hotel…
Kris Oppermann Stern
February 5, 2018
