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Brue Baukol Capital yields 48.33% in 2.5 years with warehouse sale
Denver County Property Location: 4330 E. 48th Ave., Denver Property Description: 45,554-sf warehouse, YOC 1973, twin tee construction, 20’ ceiling height, 3 dock-high doors, 1 drive-in door, two rail doors Land Size: 2.69 acres Sales Price: $4.45, or $97.69 per sf Reception No.: 2017036698 Grantor: CBP48th Ave I LLC, Brue Baukol Capital Partners, Chad Brue, mgr.…
John Winslow
April 11, 2017NAIOP: U.S. commercial real estate development supports 6 million jobs
Commercial real estate development in Colorado supports 45,897 related jobs and contributes $5.88 billion to the state’s economy, according to an annual study published by NAIOP Research Foundation. The NAIOP study showed development, construction and ongoing operations of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant…
CREJ
April 10, 2017Rocky Mountain Structures acquires north Denver industrial site for $6.50 per sf
Denver County Property Location: 2025 E. 64th Ave., Denver (north side of E. 64th Ave., approximately 500’ west of York St.) Property Description: Vacant industrial Land Land Size: 8.76 acres Sales Price: $2.48M, or $6.50 per sf Reception No.: 22558 Grantor: ADG Investments LLC, Daniel J. Gryzmala, mgr. Grantee: Gilliland Family Partners LLLP, Cody Gilliland, mgr. Closing…
John Winslow
April 10, 2017Etkin Johnson sells Sports Authority buildings for $15.77 million
Etkin Johnson Real Estate Partners has sold the former Sports Authority headquarters in Englewood for $15.77 million. West Hampden Investors LLC, a group headed by Stuart Ogilvie of Ogilvie Properties, bought the property, which consists of two office/flex buildings at 1050 and 1090 W. Hampden Ave. The buildings total 210,207 square feet. Sports Authority leased…
Kris Oppermann Stern
April 7, 2017Stonegate Apartments in Broomfield sells for $86 million
Broomfield County Property Location: 11815 Ridge Pkwy., Broomfield, “Stonegate Apts.” Property Description: 350-unit two- & three-story apartment complex w/313,394 sf, YOC 2003, stucco construction Land Size: 24.445 acres Sales Price: $86M, or $245,714 per unit Reception No.: 2017003124 Grantor: SCG Atlas Stonegate LLC c/o Starwood Asset Management, James Kane, 770-644-2341 or jkane@starwood.com Grantee: Stonegate Investor Group, 730…
John Winslow
April 7, 2017Golden industrial developer industrial acquires site for $5.71 per square foot
Jefferson County Property Location: East side Catamount Drive, approx. 392’ north of Golden Gate Canyon Road, Golden, 1255 Catamount Drive Property Description: Vacant land, plan to build 13,750-sf office/warehouse, with outside storage allowed and 30 parking spaces required Land Size: 73,180 sf Sales Price: $417,650, or $5.71 per sf Reception No.: 2017026401 Grantor: City of Golden, Marjorie…
John Winslow
April 5, 2017$250 million mixed-use project coming to Cole neighborhood
Saunders Development has partnered with owners Byron, Andy and Brett Weiss to develop the Denver Rock Drill project, a 700,000-square-foot, $250 million project comprised of office, retail, residential and hotel in the historic Cole neighborhood near the 38th and Blake commuter-rail station. Denver Rock Drill is currently preleasing office and retail space and plans to break ground on construction…
CREJ
April 3, 2017Vail Resorts reimagines office experience
The corporate headquarters for Vail Resorts, the leading global mountain resort operator, is located in Broomfield, just off of U.S. 36, near the FlatIron Crossing shopping mall.
Building Dialogue
April 3, 2017The Bell Tower: A Denver whale site & design riddle
Steve Ferris, Founder and principal, Real Estate Garage, Denver This the first in the series on Denver’s “Whale Sites,” defined as extremely prominent underdeveloped land parcels whose size and location will influence Denver’s future growth and development. Examples include the Bell Tower site, Aquarium Parking Lots, Burnham Yard, the former Denver Post Printing Site and…
CREJ
April 3, 2017Texas developer acquires Arvada site for proposed 10,156-sf preschool
Jefferson County Property Location: North side W. 86th Ave. Parkway, 395’ east of Indiana St. Property Description: Vacant land, plan to build Prestige Preschool Land Size: 1.8448 acres Sales Price: $765,000, or $9.52 per sf Reception No.: 2017025888 Grantor: StoryLine Fellowship Inc. Grantee: PP-Arvada, CO-1-UT, Embree Asset Group, Alison Barclay, mgr., 4747 Williams Drive, Georgetown, TX 78633,…
John Winslow
April 3, 2017