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Investor facilitates 1031 exchange with Denver Uptown site
Denver County Property Location: 838 Park Avenue West (south corner Champa St. & Park Ave. West), Denver Property Description: 1,300 -auto service garage, YOC 1959 (land value) Land Size: 12,791 sf Sales Price: $1.58M, or $123.13 psf Reception No.: 2016113865 Closing Date: 8/24 Grantor: B&R Lawrence LLC, Behrooz Hadgi Maleki, mgr. Grantee: Oyster Holding II LLC Comments: This property is…
John Winslow
December 6, 2016Office building in Santa Fe Arts District sells for $274 per sf
Denver County Property Location: 574 Santa Fe Drive, Denver Property Description: 15,059-sf (rentable) two-story office building, YOC 1911, renovated in 2008 plus 2,520-sf basement area including private gym, showers, bathrooms, loading dock & private patio, with 31 parking spaces. Land Size: 15,743 sf Sales Price: $4.13M, or $273.92 psf Reception No.: 2016156999 Closing Date: 11/30 Grantor: Lange Real Estate…
John Winslow
December 5, 2016Four Seasons in Vail fetches record $903,000 per key
CBRE Hotels has arranged the sale of the 134-room Four Seasons Resort and Residences in Vail for $121 million. The price per key was $903,000, a record for Colorado that far surpasses the $144,000-per-key average sale price for U.S. hotels, according to CBRE Hotels. The purchase by Extell Development Co. of New York City was…
Kris Oppermann Stern
December 2, 2016Etkin Johnson breaks ground on Atria office campus
Etkin Johnson Real Estate Partners has broken ground on Atria, a Class A office campus on 15.46 acres at 13699 and 13601 Via Varra Road in Broomfield. Named for its light-filled garden setting and open courtyards, the building is geared to growing corporate tenants looking for a progressive, amenity-rich and conveniently located work environment to…
CREJ
December 1, 2016Local investor acquires new 7-Eleven for $3.25M
Adams County Property Location: 5601 E. 136th Ave., Thornton Property Description: *3,000-sf convenience store with six dual-dispensing pump islands, YOC 2016, masonry construction Land Size: 1.287 acres Sales Price: $3.25M, or $1,083.33 psf Reception No.: 20160000102158 Closing Date: 11/22 Grantor: BTS Holly SE LLC, Cadence Capital Investments, Greg Ham, mgr. Grantee: Morsam Properties LLC, Doug Moreland, mgr. Comments:…
John Winslow
December 1, 2016Brighton apartments trade for $57.5 million
Adams County Property Location: 1287 S. 8th 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 per unit, or $227.17 per sf Reception No.: 2016097834…
John Winslow
November 28, 2016Captain Cook Apartments sell for $215,000 per door
Denver County Property Location: 1311 Cook St, Denver, “Captain Cook Apts.” Property Description: 40-unit, six-story apartment, 33,300 sf, YOC 1969, brick Land Size: 17,800 sf Sales Price: $8.6M, or $215,000 per unit, or $258.26 psf Reception No.: 2016090387 Closing Date: 11/9 Grantor: The Captain Cook LLC, Virginia R. Wilson, mgr. Grantee: RedPeak Properties LLC, Bobby Hutchinson, mgr. Comments:…
John Winslow
November 25, 2016City of Golden sells industrial sites to Golden developer
Jefferson County Property Location: SWC Pine Ridge Road & Catamount Drive, Golden Property Description: Vacant land, zoned industrial Land Size: 254,826 sf, or 5.85 acres Sales Price: $1.6M, or $6.28 psf Reception No.: 2016111618 Closing Date: 10/25 Grantor: City of Golden, Jason Slowinski, city manager Grantee: Erie Partners II LLC, David Bailey, 303-384-0200, Golden, CO 80401…
John Winslow
November 24, 2016Investcorp buys $250 million in Denver, Boston assets
The U.S.-based investment arm of Investcorp, a global provider and manager of alternative investment products, has acquired a diverse portfolio of real estate properties in the Boston and Denver metropolitan areas for approximately $250 million. The five investments include 20 buildings and 1.8 million square feet of office, industrial, flex and laboratory space, highlighting Investcorp’s…
CREJ
November 23, 2016Company acquires Englewood Sign Co. and its industrial building
Arapahoe County Property Location: 2500 S. Raritan St., Englewood Property Description: 9,800-sf warehouse, YOC 1976, metal construction Land Size: 29,773 sf Sales Price: $1.2M, or $122.45 psf Reception No.: D6129528 Closing Date: 10/27 Grantor: GCJ2 Co., Galen Achten & Jon Hanson, general partners, 303-975-1772 Grantee: LLW LLC, c/o Lawrence Sign, Robb Walker, CEO, St. Paul, MN 55104 Financing: $960,000…
John Winslow
November 22, 2016