Food-service equipment supplier leases 117,000 square feet
Food-service equipment supplier BSI leased a 117,000-square-foot building at Hub 25, a new Class A industrial park at 601 E. 64th Ave. in Denver. BSI is widely recognized for manufacturing “ZGuards,” food shields used in restaurants and cafeterias, and also provides counter systems, sinks/floor troughs, carts and many other food display or merchandising systems to restaurants nationally. Tyler Carner and Jeremy Ballenger,…
Kris Oppermann Stern
March 10, 2017
BMC acquires Aurora apartments for $125,431 per door
Adams County Property Location: 100 S. Sable Blvd., Aurora, “Landon Park Apartments” Property Description: 464-unit, two-story apartment complex (33 buildings), 344,280 sf, YOC 1978, frame/brick YOC 2013 Land Size: 20.67 acres Sales Price: $58.2M, or $125,431 per unit or $169.05 psf Reception No.: D7018689 Grantor: Star Bridge Promenade LLC (Russ Minnick, mgr.) 801-284-2930 Bridge Investment Group, 5295 S.…
John Winslow
March 9, 2017
Hotel market racing to record room boom
A record number of hotel rooms will be added to the Denver area hotel market this year. The market is poised to add 3,500 to 3,800 hotel rooms this year, according to Bob Benton, principal of Robert S. Benton Associates. That is about 1,000 more rooms than were added in 2015 and 2016, combined. “We’re…
Kris Oppermann Stern
March 9, 2017
Denver developer spends $37.20 per sf for key retail site in Littleton
Arapahoe County Property Location: SEC Broadway & E. Littleton Blvd. Property Description: existing 25,000-sf auto dealership Land Size: 3.51 acres Sales Price: $5M, or $37.20 per sf Reception No.: B7019226 Grantor: Arapahoe Motors Inc., 303-730-1300 Grantee: Drake Littleton Partners LLC, Jon Power, mgr., 303-951-7301 Closing Date: 2/15 Comments: Stew Mosko & Ray Rosado of Cushman & Wakefield handled…
John Winslow
March 8, 2017
Multifamily run not over, Hawks says
Last year was the Year of the Monkey, according to the Chinese zodiac. But in Denver, 2016 was the Year of the Multifamily. The multifamily industry in the Denver area was one for the record books last year. More than $4.5 billion in apartments traded hands in 2016, according to Jeff Hawks, vice chairman of…
Kris Oppermann Stern
March 8, 2017
Boulder flex sells for investment adviser
Boulder County Property Location: 6265 Gunbarrel Ave., Boulder Property Description: 152,002-sf office/flex/warehouse, YOC 1969 Land Size: 12.31 acres Sales Price: $16M, or $105.26 per sf Reception No.: 03575818 Grantor: RE I Residential II LLC by: Bow River Capital LLC, Nick Koncilja, mgr. Grantee: 6265 Gunbarrel Avenue LLC c/o Manchester Capital Management Closing Date: 2/17 Comments: BI, a division…
John Winslow
March 7, 2017
King Soopers acquires 22 acres for Candelas store
Jefferson County Property Location: SWC W. 91st Place & Indiana St.; NWC Candelas Parkway & Indiana Street, Arvada Property Description: Vacant land Land Size: 22.145 acres Sales Price: $2.17M, or $2.25 per sf Reception No.: 2017020812 Grantor: Cimarron Development Company, Gregg A. Bradbury, Charles C. McKay & Jeffrey Nading, mgrs., 303-469-1873 Grantee: Dillon Companies Inc., c/o…
John Winslow
March 3, 2017
Northeast Denver industrial property sold to HBM Supply for $123 per square foot
Denver County Property Location: 4801 E. 39th Ave., Denver Property Description: 11,920-sf industrial building, YOC 1966, brick, two dock-high doors, 15 parking spaces Land Size: 0.64 acres Sales Price: $1.47M, or $123.32 psf Reception No.: 2017015186 Grantor: Cap Land Company, Gary Priola, pres. Grantee: Moreno Real Estate LLC, Paul E. Moreno, mgr., 5885 Stapleton Drive North, Unit C-308,…
John Winslow
March 2, 2017
Leadership expert headlines CREW event
“Leaders often keep secrets because they believe others will find it difficult to understand the basis for their leadership success or failure. They believe others will scoff at the simplicity or complexity of their leadership style or criticize their work ethic. Many leaders find it even harder to share their secret fears, weaknesses and self-doubts…
Kris Oppermann Stern
March 2, 2017
Lakewood apartments acquired by Littleton investor for $115,000 per unit
Jefferson County Property Location: 8545 W. Dakota Ave., Lakewood, “Pinetree II Apts.” Property Description: 78-unit, three-story apartment complex with 63,543 sf, YOC 1982, frame construction with brick/vinyl siding (3 buildings) Land Size: 4.96 acres Sales Price: $9M, or $115,385 per unit, or $141.64 psf Reception No.: 2017012049 Grantor: PineTree II Inc., Delbert B. Roupp, pres. Grantee: Pinetree Apartments…
John Winslow
March 1, 2017
