Land developer sells 195 lots for $7.12 million in Centennial’s newest residential subdivision
Arapahoe County Property Location: Vicinity of the northwest corner of Jordan Road & E. Otero Circle North, at the Arapahoe/Douglas county line, Centennial Property Description: 195 vacant lots, or 682,805 sf Land Size: 36.205 acres (gross acres), or 15.68 net acres Sales Price: $7.12M, or $4.52 psf (gross), or $10.43 per sf (net), $36,515 per lot…
John Winslow
October 10, 2016Lowry apartments sell for $20.75 million
Denver County Property Location: 425 S. Galena Way, Denver, “Stratford at Lowry Apts.” Property Description: 142-unit, two- & three-story apartment w/eight buildings, 116,864 sf, YOC 1979, masonry and frame construction Land Size: 5.49 acres Sales Price: $20.75M, or $146,127 per door, or $177.56 psf Reception No.: 2016136280 Closing Date: 9/30 Grantor: JSP Lowry LLC by: Jackson…
John Winslow
October 7, 2016Rare office building in popular Highland neighborhood sells for $304 per square foot
Denver County Property Location: 3478 W. 32nd Ave., Denver, “Berkshire Hathaway” office Property Description: 3,043-sf, two-story office building, YOC 1909, brick Land Size: 3,150 sf Sales Price: $925,000, or $303.98 psf Reception No.: 2016136365 Closing Date: 9/30 Grantor: Kevin Aler Saehlenou Grantee: Complex3478 LLC, John Cox & David J. Binkowski, mgrs. Financing: $601,250 payable to Bank…
John Winslow
October 6, 2016Breakers sells for record $350 million
The Breakers Resort apartment community in Denver has been sold for a record price of about $350 million. The sales price to a Miami-based company and its partners tops the previous top sale of the Horizons at Rock Creek, which sold last year for $255 million. ''The sale of the Breakers is among the highest…
Kris Oppermann Stern
October 5, 2016Cash Register Building rejuvenates its legacy
Since its completion in 1983, the “Cash Register Building” has been a dominant and much-beloved focal point of the Denver skyline, so much so that today it is prominently featured on the city’s official logo
CREJ
October 5, 2016Small Golden Triangle office building yields nearly $315 per square foot
Denver County Property Location: 1150 Delaware St., Denver Property Description: 6,038-sf office building, YOC 1987, brick Land Size: 19,531 sf Sales Price: $1.9M, or $314.67 psf Reception No.: 2016135329 Closing Date: 9/30 Grantor: OCx Holdings LLC, Trinh Pham & Peter Niepoth, mgrs. Grantee: 1150 Delaware NBD LLC, Robert S. Boswell, Charles L. Boswell, Peter A. Eklund,…
John Winslow
October 5, 2016Charter Communications to occupy new building at Village Center Station
Shea Properties has started construction on the third and final phase of the Village Center Station mixed-use development in Greenwood Village. The Class A, 12-story building will comprise 306,000 square feet and be 100 percent occupied by Charter Communications. The new office tower will house Charter’s entire Product, Software Architecture & Development, Technology Services, Northwest Regional Office, Real Estate and Strategic…
Kris Oppermann Stern
October 4, 2016Chicago investor acquires Centennial office investment for under $106 per sf
Arapahoe County Property Location: 6377 S. Revere Pkwy, Centennial, “Revere Corporate Center” Property Description: 63,364 sf, four-story office building, YOC 1999, masonry Land Size: 5.27 acres Sales Price: $6.69M, or $105.53 per sf Reception No.: D6105320 Closing Date: 9/16 Grantor: RCS – Revere LP, Sharon K. Eshima, mgr., Real Capital Solutions Inc. Grantee: Pericles Associates LLC…
John Winslow
October 4, 2016Pursue LEED certification for industrial facilities
Earlier this year, the U.S. Green Building Council released its LEED in Motion: Industrial Facilities report, which highlights collaborative efforts across the manufacturing sector to design and implement LEED
CREJ
October 3, 2016Origin, Corum to invest millions in Cherry Creek Plaza
Cherry Creek Plaza will undergo a multimillion-dollar renovation and repositioning following a recent joint venture between Chicago-based Origin Investments and Corum Real Estate, a longtime Denver commercial real estate firm. The two companies completed a recapitalization and acquisition of the two-building, 314,000-square-foot property at 600 and 650 Cherry St. in Glendale. Mike Winn, Tim Richey…
Kris Oppermann Stern
October 3, 2016