The Bell Tower: A Denver whale site & design riddle
Steve Ferris, Founder and principal, Real Estate Garage, Denver This the first in the series on Denver’s “Whale Sites,” defined as extremely prominent underdeveloped land parcels whose size and location will influence Denver’s future growth and development. Examples include the Bell Tower site, Aquarium Parking Lots, Burnham Yard, the former Denver Post Printing Site and…
CREJ
April 3, 2017Texas developer acquires Arvada site for proposed 10,156-sf preschool
Jefferson County Property Location: North side W. 86th Ave. Parkway, 395’ east of Indiana St. Property Description: Vacant land, plan to build Prestige Preschool Land Size: 1.8448 acres Sales Price: $765,000, or $9.52 per sf Reception No.: 2017025888 Grantor: StoryLine Fellowship Inc. Grantee: PP-Arvada, CO-1-UT, Embree Asset Group, Alison Barclay, mgr., 4747 Williams Drive, Georgetown, TX 78633,…
John Winslow
April 3, 2017NAIOP Colorado honors top commercial real estate talent
Photos courtesy of NAIOP Colorado, www.NAIOP-Colorado.orgNAIOP Colorado honored the Denver area's top commercial real estate talent and projects for 2016 at its 20th annual Awards of Achievement at the Denver Center for the Performing Arts Feb. 23. A total of 450 people attended the annual gala. Award winners and finalists were: Award of Excellence Kevin C.…
Kris Oppermann Stern
April 3, 2017Mathieson takes on critics
Developer Michael Forbes Mathieson could write a book. Mathieson, a Denver infill developer, recently posted a flurry of missives on social media sites responding to critics of his $12 million, five-story, 47-unit apartment building under construction in Denver’s increasingly trendy Berkeley neighborhood. From last fall to last month, Mathieson has posted at least 3,422 words…
Kris Oppermann Stern
April 3, 2017Triumph Properties Group makes its Denver debut
The Villas at Holly transaction was closed on an all-cash basis in 37 days.
Jolene Wollett
April 2, 2017Stonegate apts. sell for $86 million
Stonegate, a 350-unit garden-style community on 24 acres at 11815 Ridge Parkway in Broomfield, is Summit Management Services’ first purchase in the Broomfield/ U.S. 36 corridor, an area where it has been pursuing growing its holdings.
Jolene Wollett
April 2, 2017Proposed tax rules impact CRE
For the past 30 years, since the passage of the 1986 Tax Act, the rules for the taxation of commercial real estate are aligned with the economics and fundamentals of the industry. That could all change with legislation that is being considered by the House of Representatives.
CREJ
March 31, 2017Young professionals seek management careers
If you attended the Colorado Real Estate Journal’s 14th annual Property Management Conference and Expo in February, you likely heard a panel discussion highlighting the careers of an exciting group of young commercial property management professionals. As is typical in this type of panel discussion, the opening question was, “How did you get into this business?” And, as also is typical, the response was generally
CREJ
March 31, 2017Denver’s Baker addition apartments fetch $216,667 per door
Denver County Property Location: 245 Bannock St., Denver Property Description: 15-unit, three-story apt. building w/11,517 sf, YOC 1963, brick construction (11 two-bedroom units and four one-bedroom units) Land Size: 8,875 sf Sales Price: $3.25M, or $216,667 per door, or $282.19 per sf Reception No.: 2017033936 Grantor: 245 Bannock LLC, Daniel J. Longo, mgr. Grantee: Triple J Denver…
John Winslow
March 31, 2017Southeast Denver office building snapped up for $58.16 per square foot
Denver County Property Location: 2253-2255 S. Oneida St., Denver Property Description: 45,223-sf, three-story office building, YOC 1983-1999, brick Land Size: 1.76 acres Sales Price: $2.63M, or $58.16 per sf Reception No.: 2017033969 Grantor: American Cancer Society, Colorado Division Inc., Gary M. Reedy, CEO Grantee: Zuni Capital Management LLC, Trevor Pettennude, 303-623-3290 Closing Date: 3/8 Comments: Building constructed in…
John Winslow
March 30, 2017