Comp of the Day handshake image

Brighton apartments trade for $57.5 million

Adams County Property Location: 1287 S. 8th Ave, Brighton, “Solaire Apartments” Property Description: 252-unit apartment complex, 11 buildings plus clubhouse, YOC 2014, 284 covered parking spaces, 95 detached parking garages, 369 open spaces, total net rentable area of 253,116 sf Land Size: 16.38 acres Sales Price: $57.5M, or $228,175 per unit, or $227.17 per sf Reception No.: 2016097834…

John Winslow

November 28, 2016
Comp of the Day handshake image

Captain Cook Apartments sell for $215,000 per door

Denver County Property Location: 1311 Cook St, Denver, “Captain Cook Apts.” Property Description: 40-unit, six-story apartment, 33,300 sf, YOC 1969, brick Land Size: 17,800 sf Sales Price: $8.6M, or $215,000 per unit, or $258.26 psf Reception No.: 2016090387 Closing Date: 11/9 Grantor: The Captain Cook LLC, Virginia R. Wilson, mgr. Grantee: RedPeak Properties LLC, Bobby Hutchinson, mgr. Comments:…

John Winslow

November 25, 2016
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City of Golden sells industrial sites to Golden developer

Jefferson County Property Location: SWC Pine Ridge Road & Catamount Drive, Golden Property Description: Vacant land, zoned industrial Land Size: 254,826 sf, or 5.85 acres Sales Price: $1.6M, or $6.28 psf Reception No.: 2016111618 Closing Date: 10/25 Grantor: City of Golden, Jason Slowinski, city manager Grantee: Erie Partners II LLC, David Bailey, 303-384-0200, Golden, CO 80401…

John Winslow

November 24, 2016
Centerpoint I

Investcorp buys $250 million in Denver, Boston assets

The U.S.-based investment arm of Investcorp, a global provider and manager of alternative investment products, has acquired a diverse portfolio of real estate properties in the Boston and Denver metropolitan areas for approximately $250 million. The five investments include 20 buildings and 1.8 million square feet of office, industrial, flex and laboratory space, highlighting Investcorp’s…

CREJ

November 23, 2016
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Arvada retail center sold to investor for $226 per square foot

Jefferson County Property Location: 15530 W. 64th Ave., Arvada, “Westwood Shopping Center” Property Description: 83,120-sf shopping center, YOC 2007, masonry construction Land Size: 6.59 acres Sales Price: $18.85M, or $226.77 psf Reception No.: 2016115522 Closing Date: 10/29 Grantor: Rocky Mountain Capital Group LLC, Halston Mikail, mgr., 9937 Jefferson Blvd, Culver City, CA 90232 Grantee: GKT Westwoods…

John Winslow

November 23, 2016
Bristol Village

Aurora apartment community sells for $47.4 million

Steadfast Apartment REIT III Inc., based in Irvine, California, announced on Tuesday that it paid $47.4 million for the 240-unit Bristol Village in Aurora. The sales price equates to $197,500 per unit. Tru America Multifamily, based in Los Angeles, paid $34.35 million or $143,125 per unit, in 2014, according to public records.  “We are excited…

John Rebchook

November 22, 2016
Pinnacle

Pinnacle announces sale

Pinnacle Real Estate Advisors LLC announced the sale of a 12-unit apartment building in Arvada. The seller paid $1.55 million, or $129,167 per unit, for the building constructed in 1959 at 9990-10000 W. 59th Ave. Pinnacle did not release the name of the buyer or the seller. The building is just east of Kipling Street…

John Rebchook

November 22, 2016
Comp of the Day handshake image

Company acquires Englewood Sign Co. and its industrial building

Arapahoe County Property Location: 2500 S. Raritan St., Englewood Property Description: 9,800-sf warehouse, YOC 1976, metal construction Land Size: 29,773 sf Sales Price: $1.2M, or $122.45 psf Reception No.: D6129528 Closing Date: 10/27 Grantor: GCJ2 Co., Galen Achten & Jon Hanson, general partners, 303-975-1772 Grantee: LLW LLC, c/o Lawrence Sign, Robb Walker, CEO, St. Paul, MN 55104 Financing: $960,000…

John Winslow

November 22, 2016
Arvada portfolio

Revesco buys three-building portfolio in Olde Town Arvada

Denver-based Revesco Properties bought a trio of buildings in Olde Town Arvada for $6.55 million. The portfolio consists of: • 5773-5777 Olde Wadsworth Blvd., a 24,876-square-foot building on 18,729 sf of land. Tenants include a real estate sales office, attorney’s office, the Arvada Eggshell restaurant and retailers, with multifamily on the top floor. • 5707…

Jill Jamieson-Nichols

November 21, 2016
Winslow Report

Winslow Report 11-22-16

The Winslow Report, authored by John V. Winslow, is a compilation of transactions recently completed in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. The information was gathered from county records and deemed to be reliable. Other sources of research include brochures and information verified by owners or listing/selling brokers. Winslow is president of Winslow…

John Winslow

November 21, 2016