Denver corporate HQ for merged banks
Denver will serve as the corporate headquarters for two merged banking companies, officials said today. Kansas-based Sunflower Financial Inc., which has a presence in Colorado, and Texas-based Strategic Growth Bancorp Inc. today announced they are merging. On a pro forma basis, the combined holding company will be the third largest Colorado headquartered banking institution. Financial…
Kris Oppermann Stern
July 28, 2016Confluent, MorningStar team up on Arvada senior living facility
Expected to be completed in fall 2017, the 160,000-square-foot development will include 71 independent living and 41 assisted living suites, along with 29 suites devoted to individualized care for persons with memory impairments.
Kris Oppermann Stern
July 27, 2016Texas-based Frassati Catholic Academy acquires former charter school
Adams County Property Location: 3951 Cottonwood Lakes Blvd., Thornton Property Description: 61,454-sf charter school, YOC 2003, 2008, block construction; 36 standard classrooms, 8,946-sf gymnasium, soccer and baseball field, indoor audio included with nine classrooms set up with smart projectors, 750 students maximum Land Size: 7.11 acres Sales Price: $11.7M, or $190.39 per sf Reception No.: 2016000058293…
John Winslow
July 27, 2016Municipalities & the importance of speed to market
We have all heard of the three most important things in a property search – location, location, location.
CREJ
July 25, 2016Denver investor draws a pair of “Aces” with Englewood buildings
Arapahoe County Property Location: 4509-4545 S. Broadway, Englewood, “Ace Hardware Bldg.” Property Description: 10,879-sf, YOC 1954, block construction; 4,850-sf retail building, YOC 1957, masonry construction (total of 15,729 sf in two buildings) Land Size: 34,543sf Sales Price: $2.6M, or $165.30 per sf Reception No.: D6073231 Closing Date: 7/7 Grantor: IH Holdings Two LLC, Hugo Weinberger &…
John Winslow
July 22, 2016CBRE: Sublease availability remains elevated in downtown Denver
The Denver office market remained healthy in Q2 2016 as key fundamentals continued their positive trend, according to CBRE. Although the market saw sublease availability increase to over 2.5 million square feet - surpassing 2008 levels, but below the 2009 peak - positive net absorption of 308,772 sf occurred in the quarter. Class A space in the Aurora, southeast and northwest submarkets attributed to the positive net absorption…
CREJ
July 21, 2016Local developer snags 2.83-acre site for $55.18 per sf
Denver County Property Location: 725 W. 39th Ave., Denver Property Description: 13,332-sf warehouse, YOC 1955 Land Size: 2.83 acres Sales Price: $6.8M, or $55.18 per sf (land value) Reception No.: 2016093811 Closing Date: 7/15 Grantor: Munroe Investment Company LLC, Vicki Munroe, mgr. Grantee: 725 W. 39th LLC, John W. Zakhem, mgr., 303-898-7788 Financing: Cash Comments: See…
John Winslow
July 21, 2016140-unit affordable housing community sells for less than $150,000 per door
Denver County Property Location: 3001 Fox St., Denver, “Diamond at Prospect Apartments” Property Description: 140-unit, 4-story apartment complex, 123,064 sf, YOC 2005; 64 one-bedroom units; six two-bedroom/one-bath units; 63 two-bedroom/two-bath units & seven three-bedroom/two-bath units Land Size: 2.21 acres Sales Price: $20.5M, or $146,429 per door Reception No.: 2016092476 Closing Date: 7/12 Grantor: MS Reserve Prospect…
John Winslow
July 20, 2016DIA TOD site sells to MGL for $2.2 million
Denver County Property Location: NEC Salida Way & East 61st Avenue, Denver, “TOD site” Property Description: Vacant land, 218-unit apartment complex with 3-story buildings and tuckunder parking to be developed toward the end of 2016 Land Size: 6.52 acres Sales Price: $2.2M, or $7.75 per sf, or $10,092 per buildable unit Reception No.: 2016093136 Closing Date:…
John Winslow
July 19, 2016Westminster development unveiled
Construction is underway at the City of Westminster’s first mixed-use, transit oriented community at Westminster Station, set to open on July 25, officials announced on Monday, Alto, a 70-unit affordable […]
Kris Oppermann Stern
July 18, 2016