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Factoring transportation costs into affordable housing equation
According to a report by the University of Texas at Arlington, the metro Denver area is near the top when it comes to providing affordable housing that doesn’t break the bank when it comes to residents’ annual cost of transportation.
CREJ
March 31, 2017
Denver’s Baker addition apartments fetch $216,667 per door
Denver County Property Location: 245 Bannock St., Denver Property Description: 15-unit, three-story apt. building w/11,517 sf, YOC 1963, brick construction (11 two-bedroom units and four one-bedroom units) Land Size: 8,875 sf Sales Price: $3.25M, or $216,667 per door, or $282.19 per sf Reception No.: 2017033936 Grantor: 245 Bannock LLC, Daniel J. Longo, mgr. Grantee: Triple J Denver…
John Winslow
March 31, 2017
Southeast Denver office building snapped up for $58.16 per square foot
Denver County Property Location: 2253-2255 S. Oneida St., Denver Property Description: 45,223-sf, three-story office building, YOC 1983-1999, brick Land Size: 1.76 acres Sales Price: $2.63M, or $58.16 per sf Reception No.: 2017033969 Grantor: American Cancer Society, Colorado Division Inc., Gary M. Reedy, CEO Grantee: Zuni Capital Management LLC, Trevor Pettennude, 303-623-3290 Closing Date: 3/8 Comments: Building constructed in…
John Winslow
March 30, 2017
Arvada site to be home to 12 paired homes
Jefferson County Property Location: 6804 Carr St., Arvada, “Proposed Hillside Cottages” Property Description: Land value, zoned for 12 paired homes (24 homes) Land Size: 5.053 acres Sales Price: $1.4M, or $6.36 per sf, or $58,333 per lot Reception No.: 2017025888 Grantor: H. Edward Moore Jr, et al. Grantee: Royal Oak LLC, Steve Wilke, mgr. Closing Date: 3/8 Financing:…
John Winslow
March 29, 2017
CBRE Research forecasts solid growth, strong appetite for Denver assets
Growth in Denver's economy and most commercial real estate product types will continue through 2017, according to CBRE Research's 2017 Denver Market Outlook. In the office sector, more than 2.2 million square feet of speculative construction is expected to deliver in 2017, 1.9 million sf of it in suburban markets. With just 26 percent of new product preleased at…
CREJ
March 28, 2017
Unincorporated Adams County industrial land sells for $4.21 per square foot
Adams County Property Location: Southwest corner of W. 58th Ave. & Tennyson St., Arvada Property Description: Vacant industrial (I-2) zoned land Land Size: 4.85 acres Sales Price: $889,000, or $4.21 per sf Reception No.: 2017-17257 Grantor: Owens Family LP LLLP (William M. Owens & Mike Owens, general partners Grantee: API Investments LLC, Brian & Virginia Wilkie, mgrs.,…
John Winslow
March 28, 2017
Downtown Property Services acquires North Denver Industrial Park
Denver County Property Location: 3857-3881 Steele St., Denver, “North Denver Industrial Park” Property Description: 184,997-sf industrial building, YOC 1940, brick construction Land Size: 8.36 acres Sales Price: $11.22M, or $60.62 per sf Reception No.: 2017032593 Grantor: North Denver Industrial 1 LLC by: Real Capital Solutions, 303-466-2500, Graham Riley, VP, & Adam Abeln, VP Grantee: Steele Street Investment…
John Winslow
March 20, 2017
Denver investment firm acquires 423,412 sf for $36.4 million in Aurora
Adams County Property Location: 2450-2470 Airport Blvd., Aurora Property Description: 423,412-sf industrial buildings (two), YOC 2004, concrete tilt-up construction Land Size: 25.45 acres Sales Price: $36.43M, or $86.03 per sf Reception No.: 17626 Grantor: Pacifica Airways, et al., c/o Pacifica Real Estate Group, E. Russell Fraser Grantee: IPT Airways DC LLC, J.R. Wetzel, mgr., 303-339-3650, c/o Industrial…
John Winslow
March 17, 2017
Adams’s County sites slated for stand-alone dental offices
Adams County Property Location: East side of Bridge St, 450’ north of Bristlecone St, Brighton Property Description: Vacant land, plan to build 5,000-sf dental office Land Size: 43,806 sf Sales Price: $675,000, or $15.41 per sf Reception No.: 2017-18245 Grantor: Dillon Companies Inc., Dennis R. Gibson, VP Grantee: Brighton Covenant Group II, 17000 Red Hill Ave., Irvine,…
John Winslow
March 16, 2017
Developers plan to break ground on The Aurora Highlands
An investment group called Aurora Highlands LLC plans to begin developing The Aurora Highlands, a 2,900-acre mixed-use, master-planned community in 2017, pending final approval and support from the city of Aurora and Adams County. The community will be an integral piece of the larger 21,000-acre Aerotropolis development currently being planned south of Denver International Airport.…
CREJ
March 15, 2017
