Pynwheel spinning multifamily fun, efficiency
If you scratch the surface of just about any deal, there is a story behind it. The Rebchook Real Estate Corner looks at the what and who that make the Colorado commercial […]
Kris Oppermann Stern
June 28, 2017Watumull acquires North Denver business park for $18.1 million
Adams County Property Location: 6800-6880 N. Broadway, Denver, “Clear Creek Business Center” Property Description: 187,865-sf industrial buildings, YOC 1985 (8 buildings) Land Size: 10.79 acres Sales Price: $18.1M, or $96.35 psf Reception No.: 47383 2017 Grantor: Clear Creek Business Park LLC, Etkin Johnson Real Estate Partners, Bruce H. Etkin, mgr. Grantee: WPC Clear Creek LLC, Honolulu,…
John Winslow
June 27, 2017Denver one of nation’s hardest cities to add apartments
The research examines and ranks 50 metro areas based on specific factors, including local regulations and the amount of available land to develop.
CREJ
June 26, 2017Motel/retail property in downtown Castle Rock trades for $1.1 million
Douglas County Property Location: 807 N. Wilcox St., Castle Rock Property Description: 2,381-sf motel with 10 furnished rooms & 1,732-sf nursery/greenhouse, YOC 1996, 1,642 sf retail space (total of 5,755 sf) Land Size: 0.42 Sales Price: $1.1M, or $191.14 psf Reception No.: 2017031497 Grantor: Castle Pines Motel LLC, Laurence Michele Blanc, mgr. Grantee: Barnzillare LLC, Joel Gittleman,…
John Winslow
June 26, 2017CBRE: Suburban Denver tops office occupancy cost increases
With a 17.2 percent increase year over year, suburban Denver was the fourth-fastest-growing market globally Suburban Denver had the highest increase in prime office occupancy costs—which reflect rent, plus local taxes and service charges for the highest-quality, “prime” office properties—from first-quarter 2016 through first-quarter 2017 among the U.S. markets studied in CBRE Research’s latest annual…
CREJ
June 23, 2017Parker site sells to Colorado homebuilder for $2.85 million
Douglas County Property Location: East side of Wootton Trails, 200’ south of Lincoln Ave., Parker Property Description: Vacant land Land Size: 20.47 acres Sales Price: $2.85M, or $3.20 psf Reception No.: 2017029711 Grantor: Connie D. Gerdes, 303-753-1445 Grantee: Cardel Parker LP, Rod D. Mickelberry, mgr., 303-662-8942 Closing Date: 5/1 Financing: Cash Comments: Lots 4-6 & Tracts D, E…
John Winslow
June 23, 2017Commerce City industrial property sells to Colorado Springs business owner
Adams County Property Location: 7167-7205 E. 53rd Place, Commerce City Property Description: 17,474 sf industrial buildings (16,018 sf & 1,456 sf) YOC 1970 & 1980, metal construction, 9 drive-in doors, 2 dock-high doors, two 10-ton cranes, fenced and partially paved storage yard Land Size: 3.79 acres Sales Price: $2.36M, or $135.06 psf Reception No.: 41917 2017 Grantor:…
John Winslow
June 22, 2017Arsenault: developers need to police each other for shoddy practices
Condominium developments are making a comeback in the Denver area in the wake of a new state law that takes steps to begin to reform construction defect litigation after a five-year battle and a favorable Colorado Supreme Court decision. But developers are still struggling with how to develop affordable condominium units in a market with…
Kris Oppermann Stern
June 22, 2017Keesen Landscape expands into Commerce City
Adams County Property Location: 3541 E. 64th Ave., Commerce City Property Description: 6,904-sf industrial building w/3 drive-in overhead doors, 17’ clear span, fenced outside storage, YOC 1980, metal Land Size: 1.98 acres Sales Price: $1.25M, or $181.05 psf Reception No.: 46088 2017 Grantor: Ray Spykstra & Kathleen Mullen Grantee: Hellcat CDM, Dan Beekhuizen, pres., Keesen Landscape, 303-761-0444…
John Winslow
June 21, 2017Centre Point buys Sloans office building as area takes off
Centre Point Properties put a Sloan’s Lake office building under contract and saw occupancy jump by 30 percent by the time it closed the $11.05 million acquisition. The Sloan’s neighborhood is changing at a “mind-boggling” pace, said Centre Point President and founder Tucker Manion. Tucker Manion “Even when we went under contract 75 days ago…
Kris Oppermann Stern
June 21, 2017