High-end Crescent Apartments site closes at $18,438 per buildable unit
Adams County Property Location: NEC W. 116th Ave & Pecos St, Westminster Property Description: Vacant land, proposed 320-unit Crescent Apts. Land Size: 17.586 acres Sales Price: $5.9M, or $7.70 psf, or $18,438 per buildable unit Reception No.: 20160000102279 Closing Date: 11/22 Grantor: IBC Denver VIII LW IV LLC, Brian C. Mott, mgr. Grantee: Park 12Hundred Venture LLC, Holland…
John Winslow
December 9, 2016Colorado family acquires key site in Thornton for future development
Adams County Property Location: East side of Washington St. @ E. 152nd intersection Property Description: Vacant land Land Size: 18.503 acres Sales Price: $2.74M, or $3.40 psf Reception No.: 20160000098430 Closing Date: 11/15 Grantor: Lounsberry Living Trust, Sharon D. Lounsberry, trustee, 562-697-5439, & Cynthia Kay Javadezadeh, 818-676-0393, and Kryger Family Trust, Sheila D. Kryger, et al., trustees, 909-626-0182.…
John Winslow
December 8, 2016Self-storage facility planned in ‘underserved’ area of Arvada
The city of Arvada has approved development of a 645-unit self-storage facility in the fast-growing western side of the community. “This area of Arvada is experiencing explosive growth, and up until this year, there were no parcels in the area that offered storage as a use by right,” said Peter Shaw, founder of Blue Wing…
Kris Oppermann Stern
December 7, 2016Southwest Denver apartment building commands $100K per door
Denver County Property Location: 2101 S. Depew St., or 5601 W. Green Meadows Pl., Denver Property Description: 23-unit, three-story apartment building, 13,773 sf, YOC 1961, brick construction; 23-unit, three-story apartment building, 13,773 sf, YOC 1962 (total of 27,546 sf & 46 units) Land Size: 36,784 sf Sales Price: $4.6M, or $100,000 per door, or $166.99 psf Reception…
John Winslow
December 7, 2016Investor facilitates 1031 exchange with Denver Uptown site
Denver County Property Location: 838 Park Avenue West (south corner Champa St. & Park Ave. West), Denver Property Description: 1,300 -auto service garage, YOC 1959 (land value) Land Size: 12,791 sf Sales Price: $1.58M, or $123.13 psf Reception No.: 2016113865 Closing Date: 8/24 Grantor: B&R Lawrence LLC, Behrooz Hadgi Maleki, mgr. Grantee: Oyster Holding II LLC Comments: This property is…
John Winslow
December 6, 2016CBRE handles $128 million sale
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Kris Oppermann Stern
December 5, 2016Union Tower West – from Dusty Lot to Stunning Gem
Gordon Beckman, acclaimed design director for John Portman & Associates, sits in Union Station pondering the firm’s first project in Denver, LoDo’s Union Tower West.
Building Dialogue
December 5, 2016Communal office building in the works
An approximately 80,000-square-foot “communal” office building is being planned for 2½ acres in East Boulder. Sagebrush Cos. recently purchased the site at 5125 Pearl Parkway for $4 million. It is working with Bill Holicky of Boulder-based Coburn to design Boulder Industry & Arts Center, a working environment similar to Industry in Denver’s River North neighborhood.…
Kris Oppermann Stern
December 5, 2016Office building in Santa Fe Arts District sells for $274 per sf
Denver County Property Location: 574 Santa Fe Drive, Denver Property Description: 15,059-sf (rentable) two-story office building, YOC 1911, renovated in 2008 plus 2,520-sf basement area including private gym, showers, bathrooms, loading dock & private patio, with 31 parking spaces. Land Size: 15,743 sf Sales Price: $4.13M, or $273.92 psf Reception No.: 2016156999 Closing Date: 11/30 Grantor: Lange Real Estate…
John Winslow
December 5, 2016Office/retail building in Superior trades for $13.51 million
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Kris Oppermann Stern
December 5, 2016