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Denver’s Forum Group buys 3.94 acres for senior apartments

Jefferson County Address or Location: 20001 Golden Canyon Road (southwest corner of Colorado Highway 93 & Spyderco Way, Golden Land Size: 3.94 acres Date of Recording: 9/15 Reception No. 2017095324 Price: $3M, or $17.48 psf, or $27,523 per buildable unit Grantor: Newstar Golden LLC Grantee: FDG Feoque Golden Associates LLC, dba Forum Development Group, Kevin…

John Winslow

September 29, 2017
Watson

Watson thrilled with Balfour at Stapleton

Going forward, Brian Watson could envision someone buying a starter home in Stapleton, continuing to move up to a bigger and more expensive home, with the final stop in their lifelong real estate cycle at the just opened Balfour at Stapleton senior care center. “Absolutely,” said Watson, chairman and CEO of Northstar Commercial Partners, owner…

John Rebchook

August 16, 2017

Why are Colo. senior housing starts leveling off?

A major factor for this cooling period is the increasing demands and expectations from residents, families and regulatory bodies.

CREJ

July 16, 2017
construction

Labor shortage on tap for CREW panel discussion

The construction labor shortage crisis along the Front Range is poised to get worse. Commercial real estate industry officials anticipate needing about 50,000 more qualified people in the trades during the next year. “That’s pretty significant,” said Karla Nugent, chief business development officer at the Weifield Group. Construction workers last year are shown working on…

John Rebchook

July 12, 2017
Land

Land market taking center stage at CREJ conferences

Land demand in the Denver area is off the charts. “On activity, it probably is record as far as buyers of land,"  said Mike Kboudi, a land broker with Cushman & Wakefield. Competition is fierce. "It is really hard to get a good piece of ground,” said Kboudi, who during the past five years has sold…

John Rebchook

May 11, 2017
Senior housing

Senior housing event is April 20

There is no simple answer to sum up the state of the senior housing industry along the Front Range. “It’s a big market with 10 different product types,” Elisabeth Borden told me. Borden, principal of The Highland Group, a consulting group in Boulder that provides research, planning and marketing solutions for senior housing and care…

John Rebchook

March 30, 2017
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Jeffco site acquired for 70,561-square-foot senior facility

Jefferson County Property Location: Northeast corner of South Taft Street & West Bowles Avenue, Littleton Property Description: Vacant land Land Size: 8.45 acres Sales Price: $3.49M, or $9.50 psf Reception No.: 2017001784 Grantor: Littleton (CO) LLC, Joel S. Langsfeld, mgr., 404-262-4750, c/o Market Development Corp., Atlanta, GA 30327-3054 Grantee: Sky Pointe Resort Lifestyle Communities, Bob Lewis, 402-420-3149, Lincoln,…

John Winslow

January 16, 2017
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Utah developer acquires 6.7 acres in Castle Pines for senior housing

Douglas County Property Location: NWC Castle Pines Pkwy. & Monarch Blvd., Castle Pines Property Description: Vacant land, 72 independent-living units, 71 assisted-living units, 31 memory care units, total 174 total units, including 194,218 sf of building area, plus a 10,980-sf parking facility. The building will be stone veneer, stucco and frame construction Land Size: 6.74 acres…

John Winslow

October 20, 2016
Cherry Hills assisted living

Memory care center to open next year

Cherry Hills Assisted Living and Memory Care, a boutique retirement community at 6325 S. University Blvd., will open next year. It will specialize in assisted living and memory care for residents living with cognitive disabilities. Longtime development and management companies Urban Inc. and Esprit Homes, led by Steve Shraiberg and Alfred Blum, are developing the…

John Rebchook

September 19, 2016
Comp of the Day handshake image

230 senior apartment units planned in Lakewood

Jefferson County Property Location: W/S Owens St, 355 feet north of West Colfax Avenue, Lakewood Property Description: Vacant land, 230 senior apartment units planned Land Size: 5.68 acres Sales Price: $3.43M, or $13.86 per sf, or $14,920 per buildable unit Reception No.: 2016089972 Closing Date: 9/6 Grantor: Colfax Owens LLC by: Zonapart, Bruce I. Shapiro, mgr.,…

John Winslow

September 15, 2016