Rates top $50 per sf in Denver for first time Denver’s office market ended the year with 631,642 square feet of absorption, and vacancy stands at 14 percent. In the CBD, ask rates in some of the super premium buildings have breached $50 per square foot, a level never before seen in Denver. In Cherry Creek, Class…

Denver County Property Location: 2452 W. Second Ave., Denver Property Description: 46,999-sf warehouse, YOC 1982, masonry Land Size: 2.33 acres Sales Price: $3.45M, or $73.40 psf Reception No.: 2017014785 Grantor: 2452 W. 2nd Ave LLC, Jeremy Records, mgr., 303-628-0200 Grantee: West 2nd Avenue Dev LLC, Randy Benedict, mgr., 720-548-2551. Closing Date: 2/2 Financing: $3.08M payable to Community Banks…

Denver seems to be getting a bad rap for new ugly buildings.

Leading commercial real estate investor Chad Brue and top investment sales broker Geoff Baukol have teamed up to form Brue Baukol Capital Partners. Brue, a former CBRE senior executive, founded Brue Capital Partners in Denver in 2011, assembling and developing a portfolio of industrial, multifamily, office, resort and mixed-use properties. Baukol brings more than 17…

A local company that is developing industrial projects across the country is launching its first Denver development. Englewood-based Huntington Industrial Partners, founded by former Prologis President and CEO John Seiple in 2010, is developing 249,505 square feet of Class A distribution space on 20 acres at the interchange of Interstate 25 and East 58th Avenue.…

A Utah-based family investment group secured a Class A industrial building in Arvada for $6.5 million, or $131.25 per square foot. Located on 3.06 acres at 5525 W. 56th Ave. in Arvada, the 49,524-sf building is fully leased to four tenants, including Water Remediation Technology LLC, which does work nationwide. Aspen Grove Holdings LLC, a…

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Boulder County Property Location: 3295 30th St., Boulder, “Boulder Cork Restaurant” Property Description: 6,775-sf restaurant building, YOC 1969, brick Land Size: 41,129 sf Sales Price: $2.2M, or $324.72 psf Reception No.: 03573020 Grantor: Ava Evans Trust, Douglas Evans, Trustee Grantee: Boulder Steak LLC, Alan A. Teran, mgr. Closing Date: 2/1 Financing: $1.18M @ 4.75% payable to seller Comments: See…

Landon Enterprises sold the two-building, 11,622-sf center, which was fully occupied by Starbucks, Qdoba, Domino’s Pizza, KT’s BBQ and a nail salon.

RREEF America LLC, on behalf of a managed fund, paid $99.5 million, according to public records, for One City Block.