DCT pays $15.6 million for Class A building on I-70
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Kris Oppermann Stern
December 5, 2016Center a keeper for Meranski
Arnie Meranski has had a relationship with the Iliff Crossing Shopping Center in Aurora that dates back to the early 1990s. “I bought it three times and sold it once,” said Meranski, founder and head of Western Centers. Confusing? Not really. That is because in each transaction, the common denominator was Meranski himself. “The Iliff…
Kris Oppermann Stern
December 5, 2016What just happened and what lies ahead in 2017
One thing is for sure, our days of easy money and ultra-low rates are over. It will be interesting to see what that does to our real estate market and if it will get people off the fence.
CREJ
December 4, 2016Two year-end fraud procedures for all business owners
As financial service professionals, we have seen many instances where a trusted controller or financial person has lined his own pockets without an owner suspecting anything.
CREJ
December 4, 2016The Breakers Resort looks ahead while honoring its past
At the heart of conversations about the Breakers Resort with the original developer as well as the new majority owner, the discussions always end up acknowledging an emotional connection to the project.
Kris Oppermann Stern
December 2, 2016How to achieve sustainability in affordable housing
Achieving higher-efficiency standards for multifamily housing in the U.S. could be a game changer that provides billions of dollars in economic benefit and significantly improves the standard of living for
CREJ
December 2, 2016Four Seasons in Vail fetches record $903,000 per key
CBRE Hotels has arranged the sale of the 134-room Four Seasons Resort and Residences in Vail for $121 million. The price per key was $903,000, a record for Colorado that far surpasses the $144,000-per-key average sale price for U.S. hotels, according to CBRE Hotels. The purchase by Extell Development Co. of New York City was…
Kris Oppermann Stern
December 2, 2016Local investor acquires new 7-Eleven for $3.25M
Adams County Property Location: 5601 E. 136th Ave., Thornton Property Description: *3,000-sf convenience store with six dual-dispensing pump islands, YOC 2016, masonry construction Land Size: 1.287 acres Sales Price: $3.25M, or $1,083.33 psf Reception No.: 20160000102158 Closing Date: 11/22 Grantor: BTS Holly SE LLC, Cadence Capital Investments, Greg Ham, mgr. Grantee: Morsam Properties LLC, Doug Moreland, mgr. Comments:…
John Winslow
December 1, 2016Brighton apartments trade for $57.5 million
Adams County Property Location: 1287 S. 8th Ave, Brighton, “Solaire Apartments” Property Description: 252-unit apartment complex, 11 buildings plus clubhouse, YOC 2014, 284 covered parking spaces, 95 detached parking garages, 369 open spaces, total net rentable area of 253,116 sf Land Size: 16.38 acres Sales Price: $57.5M, or $228,175 per unit, or $227.17 per sf Reception No.: 2016097834…
John Winslow
November 28, 2016Captain Cook Apartments sell for $215,000 per door
Denver County Property Location: 1311 Cook St, Denver, “Captain Cook Apts.” Property Description: 40-unit, six-story apartment, 33,300 sf, YOC 1969, brick Land Size: 17,800 sf Sales Price: $8.6M, or $215,000 per unit, or $258.26 psf Reception No.: 2016090387 Closing Date: 11/9 Grantor: The Captain Cook LLC, Virginia R. Wilson, mgr. Grantee: RedPeak Properties LLC, Bobby Hutchinson, mgr. Comments:…
John Winslow
November 25, 2016