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Adams County apartments close for $112.6 million
Adams County Property Location: 10500 Irma Drive, Northglenn, “Regatta Apartments” Property Description: 352-unit apartment complex w/22 two-story buildings plus clubhouse, 322,648 sf rentable, YOC 2000, 571 open parking spaces & 142 detached garages – total of 713 parking spaces, brick on frame construction Land Size: 22.79 acres Sales Price: $81.8M, or $232,386 per unit, or $253.53 psf…
John Winslow
December 19, 2016Winslow Report 12-21-16
Adams County Property Location: 1287 S. Eighthth Ave., Brighton, “Solaire Apartments” Property Description: 252-unit apartment complex, 11 buildings plus clubhouse, YOC 2014, 284 covered parking spaces, 95 detached parking garages, 369 open spaces, total net rentable area of 253,116 sf Land Size: 16.38 acres Sales Price: $57.5M, or $228,175/unit, or $227.17/sf Reception No.: 2016097834 Closing Date: 11/10 Grantor:…
John Winslow
December 19, 2016Game Changer: New Showroom Offers Integrated Furnishings Approach
Those of us who commute to a primary workplace know that it is the single place where you spend the most waking hours each week. With more than 80 percent of employed Americans still working in a workplace (vs. working from home), creating spaces that encourage collaboration, creativity, innovation and productivity remains vital for companies.
Building Dialogue
December 18, 2016Unico Properties sells Writer Square for $525.13 per square foot
Writer Square has changed hands for $95.28 million, becoming one of a handful of downtown Denver assets to trade for more than $500 per square foot. Unico Properties sold the office/retail property, located at Larimer Street and the Sixteenth Street mall, to GKT Writer Square LLC, a Kroenke Group affiliate. Unico and LaSalle Investment Management…
Kris Oppermann Stern
December 13, 2016Transwestern releases latest Market Watch reports
The Denver retail market absorbed 2.3 million square feet year to date, according to Transwestern's latest reports on the retail, office, industrial and flex markets. The retail vacancy rate decreased, as did the average asking rate.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]
CREJ
December 13, 2016Les Schwab Tire Center acquires 37,456-sf site
Denver County Property Location: East side of Central Park Blvd., 350’ south of E. 50th Ave.; also fronts west side of Beeler St. (4970 Central Park Blvd.), Denver Property Description: Vacant retail land, proposed 10,078-sf tire center Land Size: 37,456 sf Sales Price: $1.1M, or $29.37 psf Reception No.: 2016157337 Closing Date: 11/9 Grantor: Drake Stapleton Partners Fours…
John Winslow
December 13, 2016Greeley physician acquires Castle Rock day care for long-term investment
Douglas County Property Location: 4250 Trail Boss Drive, Castle Rock, “Merryhill Preschool” Property Description: 11,750-sf day care center, YOC 2005, masonry/stucco Land Size: 1.21 acres Sales Price: $3M, or $255.32 psf Reception No.: 2016084255 Closing Date: 11/21 Grantor: Carlyle Holdings LLC, Paul M. Rivera, mgr., 720-938-5626 Grantee: Advantage III Inc., Dr. Scott Kailash Dhupar, 970-353-5959, (50%) & SHRI Devi…
John Winslow
December 12, 2016High-end Crescent Apartments site closes at $18,438 per buildable unit
Adams County Property Location: NEC W. 116th Ave & Pecos St, Westminster Property Description: Vacant land, proposed 320-unit Crescent Apts. Land Size: 17.586 acres Sales Price: $5.9M, or $7.70 psf, or $18,438 per buildable unit Reception No.: 20160000102279 Closing Date: 11/22 Grantor: IBC Denver VIII LW IV LLC, Brian C. Mott, mgr. Grantee: Park 12Hundred Venture LLC, Holland…
John Winslow
December 9, 2016Self-storage facility planned in ‘underserved’ area of Arvada
The city of Arvada has approved development of a 645-unit self-storage facility in the fast-growing western side of the community. “This area of Arvada is experiencing explosive growth, and up until this year, there were no parcels in the area that offered storage as a use by right,” said Peter Shaw, founder of Blue Wing…
Kris Oppermann Stern
December 7, 2016Southwest Denver apartment building commands $100K per door
Denver County Property Location: 2101 S. Depew St., or 5601 W. Green Meadows Pl., Denver Property Description: 23-unit, three-story apartment building, 13,773 sf, YOC 1961, brick construction; 23-unit, three-story apartment building, 13,773 sf, YOC 1962 (total of 27,546 sf & 46 units) Land Size: 36,784 sf Sales Price: $4.6M, or $100,000 per door, or $166.99 psf Reception…
John Winslow
December 7, 2016