Denver dentist acquires medical building on “Old Pearl Street” for $1.2 million
Denver County Property Location: 1905 S. Pearl St., Denver Property Description: 2,477-sf, single-story medical building, YOC 1929, renovated in 2007, brick Land Size: 6,250 sf Sales Price: $1.2M, or $484.46 psf Reception No.: 2017079479 Grantor: Pearl Street Property Holdings LLC, Carl E. Vogel, mgr. Grantee: GTK Property Holdings LLC, Dr. Cynthia D. Wright & Dr. Stephanie…
John Winslow
July 14, 2017
DURA Director Tracy Huggins to lead ULI Colorado
Tracy Huggins, executive director of the Denver Urban Renewal Authority, became the new chair of Urban Land Institute Colorado July 1. Huggins was named vice chair in 2015 and will serve as chair of a 25-member executive committee until June 30, 2019. Huggins directs the agency’s involvement in redevelopment with combined DURA financing of close to…
CREJ
July 13, 2017
Arapahoe & Douglas Counties Property Location: 1) 3535 S. Lafayette St., Englewood; 2) 9331 S. Colorado Blvd., Highlands Ranch; 9330 S. University Blvd., Highlands Ranch Property Description: 1) 22,074-sf, two-story medical building, YOC 2015, masonry; 2) 13,147-sf, two-story medical building, plus partially finished basement, YOC 2005; 3) 23,500-sf medical building, YOC 1997 (total 58,721 sf)…
John Winslow
July 13, 2017Denver is nation’s seventh-greenest city, says CBRE
Green Building Adoption Index shows more green in cities with benchmarking laws For the fourth year in a row, Denver ranked among the top 10 U.S. cities for the percent of its office space qualified as green-certified, according to the annual Green Building Adoption Index study by CBRE and Maastricht University.[vc_column width="1/3"][vc_column width="1/3"]
CREJ
July 12, 2017
CBRE: Construction remains active in Denver’s industrial market
Several new projects will break ground this quarter, totaling 1.6 million square feet. The trend is expected to continue throughout the year, and demand for large blocks of Class A space continues to grow.[vc_column width="1/3"][vc_column width="1/3"]
CREJ
July 12, 2017
CBRE: Office market holding steady at midyear
The average direct asking rate in the second quarter dipped slightly year over year. Despite the decline, the average direct asking rate remained 33.5 percent higher than its post-recession average, according to CBRE.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]
CREJ
July 12, 2017
Aurora apartments sell to CBRE Global Investors for $51 million
Arapahoe County Property Location: 10901 E. Garden Drive, Aurora, “Viridian at the Gardens Apts.” Property Description: 227-unit, three-story apt. complex, 209,259 sf, YOC 2014 Land Size: 9.43 acres Sales Price: $51M, or $224,670 per unit, or $243.72 psf (rentable area) Reception No.: D7067246 Grantor: Gardens Development Owner c/o Post Investment Group LLC, Los Angeles, CA 90067,…
John Winslow
July 12, 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
South Cherry Creek office building is snatched up by Amstar for $37.03M
Denver County Property Location: 3200 Cherry Creek Drive South, Denver, “The Citadel” Property Description: 130,652-sf, seven-story office building, YOC 1987 Land Size: 1.576 acres Sales Price: $37.03M, or $283.39 psf Reception No.: 2017078693 Grantor: TR Citadel LLC by: LPC Realty Advisors I LP, Jenifer Ratcliffe, pres. Grantee: Amstar-Citadel LLC, Jason Lucas, pres., 303-534-6322, 1200 17th St.,…
John Winslow
July 11, 2017
Trammell Crow acquires 132-acre site for huge fulfillment center in Thornton
Adams County Property Location: Northeast corner of Interstate 25 and East 144th Ave., Thornton, “proposed Amazon fulfillment center” Property Description: Vacant land, plan to build 2.4 million-square-foot facility for Amazon Land Size: 132 acres Sales Price: $22.59M, or $3.93 psf Reception No.: 49846 2017 Grantor: Thornton Investments LLC, Gregory G. Fulton, mgr., 303-694-0862 Grantee: 144 Bull…
John Winslow
July 10, 2017
