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Comp of the Day handshake image

Owner of Nylund’s Collision snag the body shop/garage for $2.31 million

Arapahoe County Property Location: 4495 S. Santa Fe, Englewood Property Description: 16,150-sf warehouse, YOC 1985, metal Land Size: 1.56 acres Sales Price: $2.31M, or $143.03 psf Reception No.: D7008591 Grantor: MSL 4435 LLC, Mark Goodman & Paul Schneider, mgrs. Grantee: Unlimited Future LLC, Robert E. Grieve, 9496 Sand Hill Pl, Highlands Ranch 80126 Closing Date: 1/23 Financing: $2.41M payable…

John Winslow

February 8, 2017
1515 Wynkoop

1515 Wynkoop earns LEED Platinum certification

Hines and Invesco Real Estate announced that 1515 Wynkoop earned Platinum certification under the U.S. Green Building Council’s LEED rating system for existing buildings. Completed in 2009 and owned by a separate account pension fund client of Invesco Real Estate, 1515 Wynkoop is

Kris Oppermann Stern

February 7, 2017
Comp of the Day handshake image

Viewhouse owner acquires Littleton redevelopment site for $1.8 million

Arapahoe County Property Location: 5789 S. Curtice St. & 5788 S. Rapp St., Littleton Property Description: 13,124-sf warehouse, YOC 1901, wood; 3,500-sf retail building, YOC 1957, brick; 2,920-sf warehouse, YOC 1950, wood (total 19,544 sf) Land Size: 38,725 sf Sales Price: $1.8M, or $46.48 psf (land value) Reception No.: D7008125 Grantor: Mason & Associates, Kristine Mason, mbr. Grantee:…

John Winslow

February 7, 2017
Comp of the Day handshake image

Denver investors Herzog & Gittelman acquire Arvada industrial building

Jefferson County Property Location: 6770 W. 52nd Ave., Arvada Property Description: 27,848-sf industrial building, YOC 1998, concrete tilt-up construction Land Size: 2.34 acres Sales Price: $3.25M, or $116.70 psf Reception No.: 2017009378 Grantor: En-Sim Partnership LLP, Douglas S. Simons, gen. ptnr., 970-683-2480 Grantee: BKramer REI LLC & Arvada Flex 2016, Steven S. Gittelman, mgr., c/o J. Herzog &…

John Winslow

February 6, 2017
Element hotel

Avison Young sells Golden Triangle lot for new hotel

Avison Young handled the sale of 1350 Elati St., a 0.68-acre site at 13th Avenue and Elati in the heart of downtown Denver’s Golden Triangle neighborhood for development of an Element hotel. Avison Young Principal Rick Egitto represented the seller, 1350 Elati LLC, in the transaction. A private entity, 1350 Elati LLC sold the site for $3.6 million to…

CREJ

February 3, 2017
Comp of the Day handshake image

California investor acquires Gander Mountain building for $12.5 million

Douglas County Property Location: 18420 Cottonwood Drive, Parker, “Gander Mountain” Property Description: 57,359-sf discount store, YOC 2015, masonry Land Size: 5.95 acres Sales Price: $12.53M, or $218.48 psf Reception No.: 2017003731 Grantor: GM Parker 785 LLC c/o Guggenheim Inc, Robert F. Strandt, pres. Grantee: Copper Hill Partners Inc. c/o Ahmad Ghaderi, 616-250-4977 Closing Date: 1/18 Comments: This is a…

John Winslow

February 3, 2017
2000 Taylor

Sierra Nevada leases 101,000 square feet at CTC

Etkin Johnson Real Estate Partners, a Denver-based developer, has leased 101,000 square feet of industrial space to Sierra Nevada Corp. The speculative flex building, located at 2000 Taylor Ave. in the Colorado Technology Center in Louisville, was completed in late 2016. The facility has an environmentally friendly design including green features such as an energy efficient HVAC system, skylights…

CREJ

February 2, 2017

Timber Lodge Apartments sell for $40.53 million

Adams County Property Location: 1769 Coronado Pkwy., Thornton, “Timber Lodge Apts.” Property Description: 390-unit, three-story apartment, 276,580 sf, YOC 1972, frame construction with brick/vinyl siding, 15 buildings Land Size: 12.48 acres Sales Price: $40.53M, or $103,910 psf or $146.52 psf Reception No.: 201700008550 Grantor: Coronado Parkway LLC c/o Investors Management Group (IMG), Neil Schimmel & Steven Shipp, mgrs., 310-473-7900…

John Winslow

February 2, 2017
Trump

Trump connects with Morean

Richard Morean recently was enjoying lunch with some real estate buddies at Seasons 52 Wine Bar & Grill in Park Meadows. No surprise, the conversation turned to politics among the friends, who lean both to the right and the left of the political spectrum. “Hey, remember that article about you, 'Trump’s loss is Denver’s gain'?”…

Kris Oppermann Stern

February 2, 2017

Why we are not buying office product in Denver

For many commercial real estate investors, the ever evolving Denver market may appear to be in its prime for office properties. Topping the Forbes list of best places for businesses and careers for the second year in a row and still experiencing a surging tech

CREJ

February 1, 2017