Denver investor acquires South Broadway retail/apartments
Denver County 1. Address: 76-98 S. Broadway, “The Werner Building” & One East Bayaud Ave., “The White Palace Apartments,” Denver Improvements: The White Palace Apartments includes 20 units (10 one-bedroom/one-bath units at 550 sf that rent for $1,395; eight one-bedroom/one baths @ 420 sf that rents for $1,345/mo.; and two one-bedroom units @ 420 sf…
John Winslow
May 4, 2018
Build-to-suit underway for GE Appliances
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Kris Oppermann Stern
May 3, 2018
Pinnacle Real Estate Advisors brokers sale of midtown building
Denver County Address: 1729 Pennsylvania St., Denver Improvements: 6,267-sf, three-story boarding home, YOC 1907, brick Land Size: 6,695 sf Date of Recording: 3/30 Reception No.: 20180038145 Price: $1.8M, or $287.22 psf Grantor: 1729 Pennsylvania LLC Grantee: MW Partners LLC, Waylon Wouters Comments: This sale was handled by Pinnacle Real Estate Advisors with Erik Toll and J.B. Hochman representing the…
John Winslow
May 3, 2018
LBA pays $14.82 million for Ferguson building
LBA Realty purchased the Ferguson Enterprises building at 1840 W. Oxford Ave. in Sheridan for $14.82 million. CBRE’s Jim Bolt, Tyler Carner and Jeremy Ballenger represented the seller, Cadence Capital of Greenwood Village. Cadence Capital initially purchased the building in 2017, following the closure of Red & Jerry’s, a sports betting lounge and family entertainment center…
Kris Oppermann Stern
May 2, 2018
Redevelopment site & 7-Eleven on North Washington sell for $1.48M
Adams County Address or Location: 6331-41 Washington St., Denver Improvements: 7-Eleven retail store w/2,585 sf, YOC 1986; 1,421-sf house, YOC 1948; 1,922-sf tavern, “Y-Knott Bar” (lease expires in 2019), YOC 1935; 1,008-sf retail store, YOC 1935 Land Size: 1.78 acres Date of Recording: 4/3 Reception No.: 2018000027215 Price: $1.48M, or $253.39 psf Grantor: 7-11 Washington RE LLC, c/o…
John Winslow
May 2, 2018
The Ramble Hotel opens at River North’s edge
The Ramble Hotel is celebrating its grand opening this week, becoming the first hotel to be unveiled in the River North Art District. The 50-room boutique hotel at 25thand Larimer streets melds a classy, comfortable interior with a brick exterior reminiscent of the warehouses that defined the neighborhood. Gravitas Development, which developed and will operate…
Kris Oppermann Stern
May 1, 2018
Adams County industrial properties sell for $2.81 million
Adams County 1. Address or Location: 2550 East 70th, Denver Improvements: 5,525-sf metal industrial building, YOC 1993, 16’ clear, three 14’x16’ drive-in doors, radiant heat & floor drains Land Size: 2 acres Date of Recording: 3/23 Reception No.: 2018000022414 Price: $1.4M, or $253.39 psf Grantor: Hilltop Subdivision Partnership LLP, Steven S. McWilliams, mgr. Grantee: Platinum Realty Group LLC, Mario Mendoza,…
John Winslow
May 1, 2018
Denver Tech Center office building sells to Greenwood Village investor
Denver County Address: 5075 S. Syracuse St., Denver Improvements: 231,475-sf, 12-story office building, YOC 2007, & 10,052-sf restaurant located at 5085 S. Syracuse St., built in 2009 Land Size: 5.403 acres Date of Recording: 3/13 Reception No.: 2018030017 Price: $115.19M, or $476.91 psf Grantor: EQC Operating Trust by: David S. Weinberg, EVP Grantee: KORE 5075 Syracuse LLC, Jack…
John Winslow
April 30, 2018WeWork grows its footprint by leaps & bounds in Tabor Center
WeWork is more than doubling its footprint at the Tabor Center with a new lease that will give it space on seven floors in the downtown Denver tower. The global workspace provider is growing from approximately 64,000 to 150,000 square feet, adding space on four floors. The Tabor Center, a property owned by Callahan Capital…
Kris Oppermann Stern
April 30, 2018
Prologis to acquire Denver-based DCT Industrial Trust
Prologis Inc. and Denver-based DCT Industrial Trust Inc. have entered into a definitive merger agreement by which Prologis will acquire DCT for $8.4 billion in a stock-for-stock transaction, including the assumption of debt. The boards of directors of both companies unanimously approved the transaction. “For some time, we have considered DCT’s realigned portfolio to be…
CREJ
April 30, 2018
