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Westin Westminster

Wheelock Street Capital buys Westin hotel

An East Coast real estate investment firm has acquired the Westin Westminster and intends to invest in updates to the property over the next several months. Wheelock Street Capital bought the 370-room hotel at 10600 Westminster Blvd. from Amstar, which completed numerous guest room, health club and common-area upgrades over the course of its hold…

Kris Oppermann Stern

February 13, 2017
arapahoe square

Tami Door: Place-based Economic Development

A vibrant city is one that founded on community engagement, leadership, intention and investment. Downtown Denver is one example in which these aspects are actively a part of the present and future.

Building Dialogue

February 13, 2017
Amazon fulfillment center

Amazon likely to grow alongside competitors, suppliers

Amazon’s 1 million-square foot fulfillment center in Aurora will be one of the biggest buildings ever built in Denver, but it won’t be the last. Even for Amazon. Industrial real estate experts say the push by Amazon, WalMart and others to get online product orders to customers fast means more e-commerce buildings will pop up,…

Kris Oppermann Stern

February 13, 2017
const cost index

Despite labor, material challenges, construction market looks healthy

With all of the cranes visible across the Denver skyline, one might easily presume there is no end to the abundance of construction activity the metro area has experienced the past few years.

CREJ

February 13, 2017

Kroenke Group snatches Lone Tree Commons retail center for $11.13 million

Douglas County Property Location: 7600 Park Meadows Drive, “Lone Tree Commons,” Lone Tree Property Description: 44,898-sf strip center, YOC 2001, masonry Land Size: 4.73 acres Sales Price: $11.13M, or $247.78 psf Reception No.: 2017009698 Grantor: Roseben LT LLC, Paul T. DeCrescentis, mgr. Grantee: GKT Lone Tree Commons LLC, Kroenke Group, R. Otto Maly, mgr., 573-443-3200, Columbia, MO 65203…

John Winslow

February 13, 2017
Comp of the Day handshake image

North Bear Crossing sales price increases 47.14% since 2014

Jefferson County Property Location: 2595 S. Lewis Way, Lakewood, “North Bear Crossing” Property Description: 31,954-sf retail center (four buildings) YOC 2004, Land Size: 4.36 acres Sales Price: $8.35M, or $261.31 psf Reception No.: 2017007029 Grantor: North Bear SPE LLC, c/o Sperry Equities LLC, Burton Young, mgr., 949-705-5004, 18881 Von Karman, Suite 800, Irvine, CA 92612 Grantee: North Bear…

John Winslow

February 10, 2017
Comp of the Day handshake image

Loveland self-storage developer acquires 34-acre site in Longmont

Boulder County Property Location: SEC Airport Road & Rogers Road, Longmont Property Description: Vacant land, plan to build 235,000 sf self-storage Land Size: 43.5 acres, or 34.23 acres net usable area Sales Price: $1M or 53 cents psf Reception No.: 03569454 Grantor: Elizabeth Schlagel Family Company, Ronald Schlagel, mgr. Grantee: Airport Road Self-Storage LLC, Chris Burton, mgr., 970-646-8578…

John Winslow

February 9, 2017

What would fit inside the 1144 Fifteenth office tower? [Infographic]

by John Egan LawnStarter Lawn Care Denver The landscape of downtown Denver is undergoing a mountainous change. Construction is underway on 1144 Fifteenth Street, a 671,101-square-foot office tower on 15th Street between Arapahoe and Lawrence streets. The 40-story structure is set to be completed in late 2017. In honor of what will be the fifth tallest building…

CREJ

February 8, 2017
Comp of the Day handshake image

Owner of Nylund’s Collision snag the body shop/garage for $2.31 million

Arapahoe County Property Location: 4495 S. Santa Fe, Englewood Property Description: 16,150-sf warehouse, YOC 1985, metal Land Size: 1.56 acres Sales Price: $2.31M, or $143.03 psf Reception No.: D7008591 Grantor: MSL 4435 LLC, Mark Goodman & Paul Schneider, mgrs. Grantee: Unlimited Future LLC, Robert E. Grieve, 9496 Sand Hill Pl, Highlands Ranch 80126 Closing Date: 1/23 Financing: $2.41M payable…

John Winslow

February 8, 2017
Comp of the Day handshake image

Viewhouse owner acquires Littleton redevelopment site for $1.8 million

Arapahoe County Property Location: 5789 S. Curtice St. & 5788 S. Rapp St., Littleton Property Description: 13,124-sf warehouse, YOC 1901, wood; 3,500-sf retail building, YOC 1957, brick; 2,920-sf warehouse, YOC 1950, wood (total 19,544 sf) Land Size: 38,725 sf Sales Price: $1.8M, or $46.48 psf (land value) Reception No.: D7008125 Grantor: Mason & Associates, Kristine Mason, mbr. Grantee:…

John Winslow

February 7, 2017