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User buys industrial property in Arvada

Jefferson County Property Location: 6762 Fig St., Arvada Property Description: Vacant land Land Size: 91,476 sf Sales Price: $411,642, or $4.50 psf Reception No.: 2017030816 Grantor: Parkway Investment Company, Peter Niederman, VP, 303-748-1100 Grantee: Hamilton Brothers Properties LLC, Mark Hamilton, 303-349-9403 8730 W. 14th Ave., Lakewood 80215 Closing Date: 3/22 Comments: See APN: 39-063-01-001, See Lot 4, Block…

John Winslow

April 27, 2017
Majestic

Majestic lives up to its name with giant warehouse

Majestic Realty Co. is living up to its name with a giant warehouse on its drawing board. Consider: The warehouse is the size of almost 13 football fields; It could store 10 Statute of Liberties; The amount of steel used to construct it could build 1,883 Priuses; The asphalt required could build a 20-foot wide…

Kris Oppermann Stern

April 27, 2017
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Beacon Capital buys River North site

Denver County Property Location: Bounded by Blake Street, 36th Street, Downing Street & Walnut Street Property Description: 2,470-sf warehouse, YOC 1988 Land Size: 2.32 acres Sales Price: $19.38M, or $191.39 psf (land value) Reception No.: 2017042118 Grantor: HUB Development LLC, Andrew M. Feinstein, mgr., 303-297-8151, & Elevation HUB LLC, Brent M. Farber, mgr. Grantee: BCSP Rino Property LLC…

John Winslow

April 26, 2017
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Lennar Homes acquires 73.32-acre site planned for 212 homes

Arapahoe County Property Location: Vicinity of County Line Road & Monaghan Road, north of Douglas County Property Description: Vacant land Land Size: 73.323 acres Sales Price: $3.37M, or $45,983 per acre, or $15,904 per lot Reception No.: 2017042112 Grantor: MS Rialto Blackstone CO LLC, Sandy Goldberg, VP Grantee: Lennar Colorado, Jill Luchs & Kristi Balken, 303-754-0600 Closing…

John Winslow

April 25, 2017
flight

Flight taking off at Taxi

Freight was the only multitenant, speculative office building under construction in Denver during the Great Recession, recalled Kyle Zeppelin, on a recent pleasant spring afternoon, as he sipped an espresso in the Black Black Coffee shop in the mixed-use Taxi development. Freight was 100 percent leased even before it opened in Taxi. Now, Zeppelin, the son…

Kris Oppermann Stern

April 25, 2017
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Popular New York Deli Restaurant sells for $1.6 million

Denver County Property Location: 7105 E. Hampden Ave., Denver Property Description: 9,985-sf restaurant, YOC 1970 Land Size: 39,120 sf Sales Price: $1.6M, or $160.24 psf Reception No.: 2017042530 Grantor: BelSky LLC, Victoria Belsky & Albert Belsky, mgrs. Grantee: Danibel LLC, Lawrence Bergstein, mgr., 7105 E. Hampden Ave., 80224 Closing Date: 3/31 Financing: $1.96M payable to KeyBank, NA Comments:…

John Winslow

April 24, 2017
Infinity LoHi

Infinity LoHi opening its doors

Infinity LoHi is the latest luxury apartment community opening its doors in the trendy Lower Highland area. The 273-unit community at 2298 W. 28th Ave. is taking appointment from renters. The first residents can start to move in in May. (ranwhenparked.net) Infinity LoHi is the first apartment community in Denver by Florida-based Richman Signature Properties. “Incredible…

Kris Oppermann Stern

April 21, 2017
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235-unit apartment community doubles in value with $38.8 million sale

Arapahoe County Property Location: 7575 E. Arkansas Ave., Denver, “Torrey Pines Apt. Homes” Property Description: 235-unit apartment complex, 15 buildings plus 2,216-sf clubhouse, 203,275 sf net rentable area, YOC 1980, brick with wood siding Land Size: 11.4 acres Sales Price: $38.8M, or $165,106 per unit, or $190.87 psf Reception No.: D7044417 Grantor: CG Pines LLC by: FRG…

John Winslow

April 21, 2017

Majestic Commercenter goes huge on spec

With prelease agreements taking up a majority of what was the largest speculative industrial project ever to be built in the metro-area, Majestic Realty Co. announced plans to beat its own record and build the state’s largest individual speculative building at its Majestic Commercenter park in Aurora. Set to break ground in June, the 701,500-square-foot…

CREJ

April 20, 2017
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3 Margaritas acquires former Cielo Mexican restaurant in Arvada

Adams County Property Location: 5175 W. 68th Ave., Arvada, proposed “3 Margaritas” Property Description: 6,352-sf restaurant, YOC 2007 Land Size: 1.25 acres Sales Price: $1.41M, or $221.98 psf Reception No.: 28109 2017 Grantor: Prime Lake LLC, Todd Hoffman, mgr. Grantee: Franco Brother’s Inc., Rafael Garcia Franco, pres. Closing Date: 3/31 Financing: $705,000 payable to JPMorgan Chase Bank, NA,…

John Winslow

April 20, 2017