Stihl takes down 122,511 sf with $10.65 million acquisition
The country’s biggest chainsaw manufacturer took down 122,511 square feet in Majestic Commercenter in a $10.65 million acquisition. Stihl Inc. bought the distribution building at 21200 E. 36th Drive in Aurora from Opus Development Company LLC. The price per sf was $86.93. A major manufacturer and distributor of outdoor power equipment, Stihl currently leases approximately…
Kris Oppermann Stern
December 17, 2017Zuni site Main and Main in LoHi
Zuni Street is the north-south artery running through the heart of LoHi. Next week, investors will have the opportunity to bid on a rare find along Zuni Street – just shy of an acre at Zuni and West 31st Avenue, a block south of the main east-west corridor through Lower Highland, one of Denver’s hottest…
Kris Oppermann Stern
December 13, 2017Priderock Capital picks up The Preserve for $47 million
Priderock Capital Partners purchased The Preserve at Hidden Creek, a 240-unit community at 5910 Vista Ridge Point.
Jolene Wollett
December 11, 2017Green roofs supported by Zeppelin
Green roofs were on developer Kyle Zeppelin’s radar screen long before the initiative to require them on some buildings in Denver surfaced. The green roof initiative was adopted by Denver voters last month by an 8.6 percent margin. It was widely opposed by Denver’s development community, with Zeppelin being the most high-profile exception. “Denver developers…
Kris Oppermann Stern
December 11, 2017Partners Group breaks ground on Broomfield campus
Partners Group, a global private markets investment manager, has broken ground at the site of its future North American headquarters in Broomfield. The campus will comprise three buildings of 92,290 square feet plus 55,849 sf of parking. "The state-of-the-art headquarters we are building here will be an important milestone for Partners Group, enhancing our ability to…
CREJ
December 7, 2017Tryba addresses Sherman Street
Tryba time. I recently wrote about a proposed rezoning of at least three parking lots along a swath of Sherman Street at the edge of the central business district proposed by well-known architect David Tryba on behalf of Denver’s Dikeou family. Wednesday night, Tryba, one of Denver's most high-profile architects in Denver, unveiled what he…
Kris Oppermann Stern
December 6, 2017Inland adds Arterra Place to portfolio
Inland paid $49.25 million for Arterra Place, a 200-unit community at 17036 E. Ohio Drive.
Jolene Wollett
December 4, 2017Kentwood Commercial passion for Niederman
Kentwood Commercial is not just the latest commercial real estate brokerage launched in Denver. “Commercial real estate for me has always been a huge passion,” Peter Niederman, CEO of the new firm as well as the residential real estate firm that also shares the Kentwood name, told me last month. “I didn’t start Kentwood Commercial…
Kris Oppermann Stern
December 4, 2017New owner to renovate, rebrand Dry Creek office buildings
An opportunistic investor picked up a pair of Englewood office buildings in an $18.2 million value-add deal. Dry Creek Property LLC, owned by a fund managed by Westport Capital Partners LLC, purchased 10700 and 10800 E. Geddes Ave. from Colony Northstar Inc. affiliate Dry Creek II & III Holdings-2 LLC. The buildings total 185,957 square…
Kris Oppermann Stern
December 4, 2017The Contractor’s Trust Fund Statute: A powerful remedy for developers
The Contractor’s Trust Fund Statute, C.R.S. § 38-22-127, is an extremely powerful remedy available to owners and developers of a construction project, yet it rarely is utilized. The purpose of this article is to illustrate the benefits and
CREJ
December 4, 2017