Perlmutter launches office building in River North
Paradigm River North, with 192,000 square feet of creative space, is the latest office building planned for River North. The eight-story building by Jordon Perlmutter & Co. is targeted for a 31,255-sf site at 3400 Walnut St. It will feature 25,000-sf floor plates, 12,000 sf of curated ground floor retail/restaurant space, and extensive private terraces and balconies.
Kris Oppermann Stern
December 7, 2019
Moncrieff Business Center sells for $9.9 million
Berkeley Partners sold a 101,406-square-foot industrial building that was part of a portfolio it acquired early this year after working with CBRE to bring the building to 100% occupancy. Moncrieff Business Center, located at 14603 E. Moncrieff Place in Aurora, sold to Zurich Alternative Asset Management for $9.9 million, or $97.63 per sf. New York-based…
Kris Oppermann Stern
December 5, 2019
Nurturing talent at heart of Schnitzer West office towers
Schnitzer West has announced plans for three 16-story office towers designed to appeal to millennial workers migrating to the suburbs in search of housing and easy commutes. Westray, born from the idea of looking west, will consist of approximately 850,000 square feet of Class A office space on 11 acres at 6363 Greenwood Plaza Blvd. in Centennial. The site is across the street from Fiddler’s Green Amphitheatre and just west of the Arapahoe at Village Center lightrail station.
Kris Oppermann Stern
December 4, 2019
Lighting solution upgrades for high-performing buildings
Energy efficiency in sustainable buildings is positive for the bottom line and important in retaining tenants and enhancing wellness. Green buildings deliver 28.8% greater net operating income and
CREJ
December 2, 2019
Sage Hospitality, partners break ground on River North hotel project
Sage Hospitality, along with Walnut Development Partners and EXDO Development, recently broke ground on a new hotel development in Denver’s River North Art District. The unnamed hotel is located at 3770 Walnut St., steps from the 38th and Blake commuter rail station.
Kris Oppermann Stern
December 2, 2019
REIT adds The Muse to Denver apt. holdings
A newly constructed apartment building adjacent to the University of Denver recently sold at a price topping $405,000 per unit. Highlands REIT recently paid $48.7 million, or $405,833 per unit, for the 120-unit apartment community at 2770 S. University Blvd. in Denver. “It is a high-profile location that is going to be pretty strong forever,”…
Jolene Wollett
December 1, 2019
Corum to develop 400,000 sf in central, SES submarkets
Denver-based Corum Real Estate Group will develop a combined 400,000 square feet of speculative industrial space on two sites it acquired in metro Denver. Gateway Central 64 will be located at 2101 W. 64th Ave. in Adams County, just north of the Interstate 76 and Pecos Street interchange. It will consist of two front-park, rearload…
Kris Oppermann Stern
December 1, 2019
Partnership sells three medical office buildings
A local partnership that buys and repositions troubled medical office buildings reaped the rewards of its efforts with the $31.2 million sale of three of its 12 buildings in metro Denver and Colorado Springs. American Healthcare Investors, which manages health care real estate valued at more than $4 billion, bought the buildings from a partnership that includes Neil Littmann and W. Scott Reichenberg of Signature Partners Inc. and The Colorado Group, and James Turpen and Virginia Hartmere of Centum Health Properties Inc.
Kris Oppermann Stern
December 1, 2019
Denver industrial building with yard fetches $10.6 million
A single-tenant industrial building with 3 acres of yard – a property type that’s difficult to find in the Denver market these days – sold for $10.6 million, or $109.46 per square foot. Lincoln Advisory Group bought the property at 5555 Joliet St. in Denver on behalf of the state of Oregon’s pension fund. Key…
Kris Oppermann Stern
December 1, 2019
Considerations for ‘responsible owner’ governance adoption
As for-sale, multiunit residential infill development continues to surge throughout Denver and other Front Range communities, developers often are posed with a choice: Should I form a
CREJ
December 1, 2019








