Brinkerhoff Hospitality snaps up site for La Loma restaurant
Douglas County Property Location: West of Promenade Pkwy., south of Castle Rock Pkwy. Property Description: Vacant pad site, proposed “La Loma” restaurant Land Size: 1.977 acres Sales Price: $1.2M, or $13.93 psf Reception No.: 2018007093 Closing Date: 2/2 Grantor: Black Mondo Grass c/o Alberta Development Partners, Donald G. Provost, mgr. Grantee: Jefferson Park Development c/o…
John Winslow
February 15, 2018
Aurora investor pays $5.16M for retail center in Promenade at Castle Rock
Douglas County Property Location: 1345 New Beale St., Castle Rock Property Description: 8,188-sf retail center, YOC 2016, masonry Land Size: 1.46 acres Sales Price: $5.17M, or $630.80 psf Reception No.: 2018006786 Closing Date: 2/1 Grantor: Ponderosa Pine LLC c/o Alberta Development Partners, Donald G. Provost, mgr. Grantee: Promenade Shops LLC, Paul Zueger, mgr., 70 S.…
John Winslow
February 14, 2018
Cress Capital buys Orchard Pointe for $16.55M
A commercial real estate investment company that’s acquired nearly $100 million in Colorado assets in the last 12 months now owns Orchard Pointe, a prominent Class A office building in the Denver Tech Center. Cress Capital, in partnership with Revesco Properties, purchased the 120,873-square-foot building in Greenwood Village from TA Realty for $16.55 million. Orchard…
Kris Oppermann Stern
February 13, 2018
CBD office building closes for $17.15 million to Denver investor
Denver County Property Location: 1221 Broadway, Denver Property Description: 50,752-sf, three-story office building, YOC 2014 Land Size: 6,500 sf Seller: CPX Broadway Office LLC, Thomas E. Banta, mgr., 303-339-9800 Buyer: Ever Beauty LLC (Jisheng Song, mgr.) 2855 Country Wood Lane, West Covina, CA 91791 (95%) & NCP 1221 Broadway (5%) (Brian Watson, mgr.), 1999 Broadway,…
John Winslow
February 13, 2018
Investors acquire midrise office building in Glendale
Arapahoe County Property Location: 4500 Cherry Creek Drive South, Glendale Property Description: 238,420-sf, 12-story office building, YOC 1973, renovated 2012, concrete panel construction Land Size: 5.367 acres Sales Price: $40.5M, or $169.87 psf Reception No.: D8011419 Closing Date: 1/29 Grantor: AA Cherry Creek LLC c/o EverWest Real Estate Partners LLC, Paul Andrews, mgr. Grantee: G&I…
John Winslow
February 12, 2018
Logistics company signs lease for 139,417 square feet in Aurora
A third-party logistics company is vastly expanding its Denver presence with a new location in Majestic Commercenter in Aurora. Lanter Delivery Systems Inc., which reportedly occupies about 17,000 square feet of space in Aurora, signed a long-term lease for 139,417 sf in an industrial building Boulder-based Conscience Bay Co. owns at 20101 E. 36th Drive.…
Kris Oppermann Stern
February 11, 2018
Level Office picks downtown Boulder co-working location
Level Office will open its second Colorado co-working facility in a 22,533-square-foot building in downtown Boulder. The company purchased the building at 1495 Canyon Blvd. from U.S. Bank for $6.5 million, according to Boulder County records. The bank leased back a small portion of the space, which houses a branch bank, for five years. Level…
Kris Oppermann Stern
February 11, 2018
Greeley apartment community with upside achieves top dollar
A Greeley apartment community commanded the second-highest price per unit ever achieved in the city with its sale to a California real estate investment firm. Alta Community Investments paid $15.4 million, or $142,593 per unit, for Franklin Flats, a 108-unit community on 4.45 acres at 3208 W. Seventh St. The price per unit was a…
Kris Oppermann Stern
February 11, 2018
Denver buyer acquires historic building, parking lot for $6.5M
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Kris Oppermann Stern
February 11, 2018
Value grows by 34.4% on $50 million Castle Rock apartments
Douglas County Property Location: 483 Scott Blvd., Castle Rock, “Bluffs at Castle Rock” Property Description: 220-unit, three-story apartment complex, 200,516 sf, with 11 buildings and a 2,837-sf clubhouse, YOC 1998, frame construction Land Size: 11.024 acres Sales Price: $50M, or $227,273 per unit, or $249.36 per sf Closing Date: 1/31/2018 Reception No.: 2018006612 Density: 19.96…
John Winslow
February 9, 2018
