Boulder 82-unit apartment complex scooped up for $24.15M
Boulder County Property Location: 565-635 Mohawk Drive, 4545-4595 Laguna Place, Boulder, “Villa Del Prado Apts.” Property Description: 82-unit, two-story apartment, 92,496 sf, with four buildings, YOC 1968-1974, masonry construction plus parking garage Land Size: 3.91 acres Sales Price: $24.15M, or $294,512 per unit, or $261.09 psf Reception No.: 03569296 Grantor: Boulder Properties Investor LLC, Hollis Considine, mgr. Grantee:…
John Winslow
February 21, 2017Iconic Louisville Blue Parrot Restaurant sold to Boulder County investor for $2.42 million
Boulder County Property Location: 636-640 Main St., Louisville Property Description: 6,464-sf restaurant building, YOC 1988, Land Size: 20,759 sf Sales Price: $2.42M, or $374.38 psf Reception No.: 03572708 Grantor: Blue Parrot Inc., Joan Riggins, president Grantee: 1882 Ventures LLC, Gregory Maring & Mark Obenholzer Closing Date: 2/1 Financing: $1.96M payable to seller at 4%, due 1/31/22 Comments: The sale…
John Winslow
February 17, 2017Nevada hotel developer lands 2.6 acres at Denver-Boulder turnpike
Boulder County Property Location: South side Superior Plaza Way at southwest side of U.S. Highway 36; fronts northeast side of Marshall Road Property Description: Vacant land Land Size: 2.65 acres Sales Price: $2.08M, or $18.01 psf Reception No.: 03572996 Grantor: RC Superior, Nathan Birchall & Bill Jencks, & Avanti Strategic Land Investors LLC, Marvin Shapiro, president Grantee: QC…
John Winslow
February 15, 2017Wheelock 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, 2017Pacific Acquisitions affiliate buys GE building
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Kris Oppermann Stern
February 13, 2017Sierra Nevada leases 101,000 square feet at CTC
Etkin Johnson Real Estate Partners, a Denver-based developer, has leased 101,000 square feet of industrial space to Sierra Nevada Corp. The speculative flex building, located at 2000 Taylor Ave. in the Colorado Technology Center in Louisville, was completed in late 2016. The facility has an environmentally friendly design including green features such as an energy efficient HVAC system, skylights…
CREJ
February 2, 2017Smucker to build sandwich manufacturing facility
The J.M. Smucker Co. will build an additional Smucker’s Uncrustables sandwiches manufacturing facility in Longmont. Construction of the facility will start in spring 2017 with production expected to begin in calendar year 2019. Neither the location nor size of the facility was released. Construction is contingent on the approval of tax and business incentives and the closing…
CREJ
January 31, 2017Georgia developer plans 198 apartment units
Broomfield County Property Location: 453 Summit Blvd., Broomfield Property Description: Vacant land, 198 units proposed Land Size: 7.34 acres Sales Price: $3.2M, or $10 psf, or $16,162 per buildable unit Reception No.: 2016016338 Closing Date: 12/13 Grantor: Summit Green Apartments LLC, Jonthan W. Bullen, mgr. Grantee: DD Summit Blvd LLC, c/o Davis Development, 770-474-4345, 403 Corporate Center Drive, Suite…
John Winslow
December 31, 2016Denver’s Seagate Properties acquires Class A apartments
Broomfield County Property Location: 8500 Arista Place, Broomfield, “Arista Uptown Apts.” Property Description: 272-unit apartment complex w/eight three-story buildings plus clubhouse, 225,073 sf rentable; YOC 2013 Land Size: 6.68 acres Sales Price: $65M, or $238,971 per unit, or $205.13 psf Reception No.: 2016015111 Closing Date: 11/21 Grantor: Arista Uptown Colorado LLC by: Jed B. Milburn, mgr., 801-961-1372 Grantee: Seagate Arista Associates…
John Winslow
December 29, 2016Boulder office buildings trade for $92.57M in portfolio deal
One of the largest owners of office properties in the U.S. bought three buildings in Boulder as part of an approximately $1.9 billion U.S. portfolio. Canyon Center, 1050 Walnut and 1900 15th St. were part of a portfolio of 26 properties around the country that Blackstone Group bought from Alecta, a Swedish pension fund manager.…
Kris Oppermann Stern
December 19, 2016