California buyer picks Twenty Mile Station III for first Colo. purchase
A California family picked a professional office building in downtown Parker for its first Colorado investment. EPI Parker LLC paid $6.5 million, or $255.36 per square foot, for Twenty Mile Station III, a 25,454-sf building at 18801 E. Mainstreet. Built in 2000, the building is fully leased to 10 tenants. Faestal Properties, which developed the…
Kris Oppermann Stern
July 17, 2017
Small-tenant industrial park trades in $10.95 million deal
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Kris Oppermann Stern
July 17, 2017
Fox Creek Village sale rings up at $24.8 million
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Kris Oppermann Stern
July 17, 2017
Manufacturing facility acquired for $8.33 million
A manufacturer of plastic bottles and packaging sold its Denver manufacturing facility for $8.33 million in a highly competitive leaseback deal. Amcor Rigid Plastics USA LLC sold the rail-served property at 4990 Ironton St. in Denver to Realty Income Properties 19 LLC. The buyer is an affiliate of Realty Income, a national real estate investment…
Kris Oppermann Stern
July 17, 2017
Labor shortage on tap for CREW panel discussion
The construction labor shortage crisis along the Front Range is poised to get worse. Commercial real estate industry officials anticipate needing about 50,000 more qualified people in the trades during the next year. “That’s pretty significant,” said Karla Nugent, chief business development officer at the Weifield Group. Construction workers last year are shown working on…
Kris Oppermann Stern
July 12, 2017
Blair works outside the box at Continuum
Donna Blair, the recently appointed chief operating officer of Continuum Partners, has a history with the Denver-based company that developed such high-profile development as Belmar years before she joined the company. “I’ve been dancing with the company for one way or the other for close to 20 years,” said Blair of Continuum, which also is tackling…
Kris Oppermann Stern
July 5, 2017
Amstar launches reinvestment strategy with $37.03M buy
Amstar acquired its first new asset in the United States in a year with the $37.03 million purchase of a Cherry Creek office building. Denver-based Amstar bought the 130,652-square-foot Citadel at 3200 Cherry Creek South Drive from TR Citadel LLC. The building was 85 percent occupied. The acquisition follows a 12-month asset management and disposition…
Kris Oppermann Stern
July 4, 2017
Tips for staffing your maintenance team
Property managers are struggling to keep property engineers and facility maintenance teams staffed with qualified, enthusiastic employees. “It is definitely hard to find building engineers,” said Kim Lewis,
Kris Oppermann Stern
July 2, 2017
Headquarters building on Frontier Airlines’ flight path
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Kris Oppermann Stern
June 30, 2017Upslope Brewing buys East Boulder brewery, taproom
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Kris Oppermann Stern
June 30, 2017
