Cress Capital buys more than 500,000 square feet in Fort Collins
Commercial real estate investor Cress Capital LLC has acquired more than 800,000 square feet of office and flex industrial space in Southern California and Colorado in two transactions for total consideration of approximately $110 million. Cress acquired the Prospect Portfolio, a 23-building office and flex industrial portfolio totaling over 500,000 square feet in Fort Collins, and…
Kris Oppermann Stern
May 31, 2017
Architect Anderson champion of historic buildings, sustainability
Architect John David “Andy” Anderson had a message for Arnold Schwarzenegger. “We are very careful not to let people tear buildings down,” Mr. Anderson said in 1995, as the head of the powerful board called the Lower Downtown Design and Demolition Review Board.
Kris Oppermann Stern
May 30, 2017
Cranes towering over Denver
The crane is Colorado’s new state bird. I first wrote that line, or something like it, for the Rocky Mountain News in the mid-1980s. At that time, developers from Canada, Texas and other places, were changing the skyline of Denver. Cranes are towering over Denver. Photo courtesy of GE Johnson. During that era, Republic Plaza…
Kris Oppermann Stern
May 25, 2017
Lakehouse ‘magic’ for Hines, Levitt
Lakehouse breaks ground tomorrow. Lakehouse is the 12-story, 206-unit condominium tower in Sloans, the mixed-use development on the former St. Anthony Hospital campus. Lakehouse sits across from Sloan’s Lake, the largest body of water in Denver.
Kris Oppermann Stern
May 23, 2017
Adams County on a roll
Adams County is on a roll. An unnamed company is expected to announce later this year that it will bring a record 3,500 to jobs to Adams County. To put that in perspective, the most jobs ever announced in one year in Adams County took place just before the Great Recession hit. And that was…
Kris Oppermann Stern
May 18, 2017
Pinnacle high point for James Mansfield
Pinnacle Real Estate Advisors has been the perfect fit for James Mansfield. “Pinnacle has exceeded my expectations,” Mansfield told me last week. Mansfield, a veteran of big firms such as Cushman & Wakefield, Opus Northwest LLC, Brookfield Office Properties and Grubb & Ellis, initially joined Pinnacle in November 2015. Last month, he was one of…
Kris Oppermann Stern
May 16, 2017
Triangle sale sizes up to $676.54 per sf
What may be the most distinctive office building in the Union Station neighborhood just became the priciest. The Triangle Building sold for $154 million, or $676.54 per square foot, eclipsing the previous price per sf for an office building in downtown Denver. Hamburg, Germany-based Union Investment Real Estate GmbH bought the 227,631-square-foot LEED Gold building…
Kris Oppermann Stern
May 12, 2017
Elevations Credit Union acquires iconic building for $16.5 million
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
May 12, 2017
Co-working space coming to Sloans mixed-use development
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
May 12, 2017
Power cooperative to re-energize former Abound Solar building
United Power will re-energize a vacant 130,117-square-foot building along Interstate 25 in Longmont. The power cooperative bought the former Abound Solar building at 9586 E. I-25 Frontage Road for $9.2 million, or $71.71 per sf. The building will serve as a fourth location for the Brighton-based co-op. Abound vacated the office/flex/manufacturing building when it declared…
Kris Oppermann Stern
May 12, 2017
