Bell Partners buys Alta Cherry Hills
The privately owned firm paid $78.3 million, or $255,882 per unit, according to public records, for Alta Cherry Hills, a Class AAA, 306-unit community at 3650 S. Broadway, at the southeast corner of Broadway and West Hampden Avenue.
Jolene Wollett
May 11, 2017Denver settles into the ‘new normal’ market
The Denver housing market’s consistent double-digit appreciation culminated in 2016 with increasingly low for-sale inventory (3,878 residential properties available at the end of February, the lowest monthly
CREJ
May 11, 2017California investor acquires single-tenant building for $3.07M
Arapahoe County Property Location: 5612 S. Parker Road, Aurora Property Description: 4,940-sf retail building, YOC 2016, masonry construction & 25 parking spaces Land Size: 27,769 sf Sales Price: $3.07M, or $620.97 psf Reception No.: D7044799 Grantor: Madison Pioneer Hills LLC, Jim Gallaugher, mgr., 425-889-9500 Grantee: 5612 South Parker Road Associates LLC, Arthur & Pamela Lewis, mgrs., 925-228-7226,…
John Winslow
May 11, 2017Land market taking center stage at CREJ conferences
Land demand in the Denver area is off the charts. “On activity, it probably is record as far as buyers of land," said Mike Kboudi, a land broker with Cushman & Wakefield. Competition is fierce. "It is really hard to get a good piece of ground,” said Kboudi, who during the past five years has sold…
Kris Oppermann Stern
May 11, 2017Local investor acquires Castle Rock medical building for $3.03 million
Douglas County Property Location: 410 S. Wilcox St., Castle Rock Property Description: 11,911-sf medical office building, YOC 1994 Land Size: 1.428 acres Sales Price: $3.03M, or $253.97 psf Reception No.: 2017025922 Grantor: D & J Medical LLC, Dr. Jack England, mgr. Grantee: Wilcox Capital LLC, Calvin Van Essen, mgr., 303-916-1600 Closing Date: 4/14 Comments: See APN: 2505-113-09-023. Property…
John Winslow
May 9, 2017Northern I-25 corridor steaming ahead
The Northern Colorado Interstate 25 corridor always seems to be on the verge of taking off. "That whole northern I-25 corridor is red-hot," according to a prominent commercial real estate consultant. She told me that in 2003, when I was the real estate editor of the Rocky Mountain News. Anyone who makes the drive from…
Kris Oppermann Stern
May 9, 2017Tenant acquires swinger’s club in Littleton from former Northwoods Inn owner
Douglas County Property Location: 8109 Blakeland Dr., Littleton, “Scarlet Ranch Lodge” Property Description: 7,914-sf restaurant, plus 7,668-sf basement area, YOC 1997, masonry/wood construction Land Size: 3.32 acres Sales Price: $1.68M, or $211.65 psf Reception No.: 2017021972 Grantor: F&P Land Company LLC, Christine Stahl, mgr. Grantee: Harcus Holdings LLC, Kendall Seifert, mgr. Closing Date: 3/31 Financing: $1.58M, @ 7%…
John Winslow
May 8, 2017Raising Cane’s restaurant plans with four new restaurants
Arapahoe County Property Location: Vic. northwest corner S. Parker Road & E. Arapahoe Road, Centennial Property Description: Vacant land, proposed 3,706-sf “Raising Cane’s Restaurant” Land Size: 66,549 sf Sales Price: $2.06M, or $30.95 psf Reception No.: D7042297 Grantor: Arapark LLC c/o Kelmore Development, Bob Kountz, 303-779-1800 Grantee: National Retail Properties LP, Orlando, FL, Chris P. Tessitore, EVP…
John Winslow
May 5, 2017Legislature passes construction defects legislation
The Colorado Senate passed HB17-1279, a bipartisan bill that takes a much-needed step to address construction defects legislation and break down barriers to for-sale housing in Colorado.
CREJ
May 4, 2017CU wins 15th annual Rocky Mountain Real Estate Challenge
(https://cozumelparks.com)
Kris Oppermann Stern
May 4, 2017