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Unearthing the intricacies behind successful land deals

What is land? Land is entitlement. Ask a land broker where you can be celebrated for being entitled, and they’ll tell you it’s in the land business. Ask a land broker what entitlement means, and they’ll tell you it’s the backbone of all redevelopment

CREJ

December 23, 2019

Iowa hotel company to bring dual-brand hotel to 2534

An Iowa-based hotel company will develop its first Colorado property – a 98-room dual-brand hotel – at 2534 in Johnstown. The project will include a 65-key Sleep Inn, accompanied by a 33-room MainStay Suites hotel. Hart Family Hotels will develop the property on a 2.67-acre site it purchased for $1.22 million. Jake Hallauer “Hart Family…

Kris Oppermann Stern

December 23, 2019

Denver releases draft RFP for National Western Center Triangle Project

The city and county of Denver’s Performance Based Infrastructure Office is taking the next step toward developing the southeast side of the National Western Center campus, known as the Triangle Project, with the initial release of a draft request for proposals. The Triangle refers to a triangle-shaped, 60-acre area on the southeast side of the National Western Center campus. 

CREJ

December 17, 2019

Mountain bike manufacturer Yeti to grow to 58,950 sf

High-end mountain bike manufacturer Yeti Cycles signed a lease for a 28,650-square-foot flex building at Corporate Center in Golden with plans to expand its corporate headquarters to nearly 60,000 sf. Yeti, which occupies 30,300 sf at 621 Corporate Circle, will grow into the new space at 611 Corporate Circle in early 2021. Approximately 60 employees will work within the two facilities.

Kris Oppermann Stern

December 16, 2019

Plumbing supplier to build 450,000 sf

The country’s largest provider of commercial and residential plumbing supplies will build a 450,000-square-foot warehouse/distribution facility on 53 acres it bought from Prologis for $14.05 million. Newport News, Virginia based Ferguson Enterprises will start construction on the building at Prologis Park 70 near E-470 and East 19th Avenue by the end of the month. The…

Kris Oppermann Stern

December 16, 2019

Taylor Kohrs will build Capitol Hill low-income housing tax credit project

Taylor Kohrs, a Colorado-based general contractor for more than 36 years, will build Emerson Flats, a low-income housing tax credit project in Denver’s Capitol Hill neighborhood.

Kris Oppermann Stern

December 16, 2019

Grand Peaks, Aegon acquire Monaco South

Grand Peaks added a “family” asset to its portfolio with its recent southeast Denver acquisition. The Denver-headquartered firm, in partnership with Aegon Asset Management, paid $36 million, or $163,636 per unit, for Monaco South, a 220-unit community at 2280 S. Monaco Parkway in Denver. “Monaco South offered investors the opportunity to acquire an asset with…

Jolene Wollett

December 15, 2019

Pickard Chilton-designed 1144 Fifteenth garners national attention as top 10 project

Pickard Chilton’s 1144 Fifteenth, a 40-story, 1.2 million-gross square-foot office tower project in Colorado that the firm designed for Hines, has been ranked fifth on Emporis’ 2018 Top Ten Skyscrapers List.

Kris Oppermann Stern

December 9, 2019

How does Delta County stack up to other areas?

Delta County, Colorado: A once-upon-a-time booming agricultural and mining area that over the years has been eroding, collecting dust as vehicles speed through downtown to make all of lights with not even a glance at the remaining businesses lining Main Street.

CREJ

December 8, 2019

Clear Creek Commons sells to Griffis/Blessing for $18.75M

A sought-after active senior living community in the heart of downtown Golden sold for $18.75 million. Griffis/Blessing Inc. paid $416,667 per unit for Clear Creek Commons, a 45-unit community at 1027 Washington Ave. The 55-plus, active senior living community was sold by The Wolff Cos. of Scottsdale, Arizona. “Griffis/Blessing buying Clear Creek Commons shows that…

Jolene Wollett

December 8, 2019