CBRE report: Tech growth equates to office rent growth
In a new report on primary U.S. technology markets, CBRE Research found that office rents increased in every submarket over the past two years, demonstrating stiff competition for space in the areas most in demand by tech companies According to CBRE, 13 of the top 30 tech markets achieved double-digit office rent growth from Q2…
CREJ
January 12, 2018Thornton industrial building commands $133.33 per square foot
Adams County Address: 8225 North Valley Highway, Thornton Improvements: 30,000-sf, two-story warehouse, YOC 1971, twin-tee construction Land Size: 2.53 acres Date of Recording: 1/5 Reception No.: 201800001836 Price: $4M, or $133.33 psf Grantor: Dean Ventures LLC, Patrick W. Hurley, CFO Grantee: 8225 North Valley LLC, 8225 North Valley Highway, Thornton 80221 Comments: This property sold…
John Winslow
January 12, 2018Skyline apartments in Aurora sell for $17.1 million
Arapahoe County Address: 456 S. Ironton St., Aurora Improvements: 112-unit, four-story apartment w/95,164 sf, YOC 1974 Land Size: 3.129 acres Density: 36.43 units per acre Date of Recording: 12/28 Reception No.: 2017169188 Price: $17.1M, or $152,679 per door, or $179.69 psf Grantor: South Ironton Street Apartments LLC, Jerome Fink, mgr., Bascom Group Grantee: Skyline View…
John Winslow
January 11, 2018Park Place Olde Town welcomes new year with $46.6 million sale
Jefferson County Address: 5743 Teller St., Aurora, “Park Place Olde Town” Improvements: 153-unit, five story apartment w/132,129 sf, YOC 2016 Land Size: 2.97 acres Density: 51.52 units per acre Date of Recording: 1/4 Reception No.: 2017169188 Price: $46.58M, or $304,444 per door, or $352.53 psf Grantor: Park Place Olde Town Apartments LLC, Mark Goldberg &…
John Winslow
January 10, 2018New 7-Eleven yields developer $1,022 per square foot
Denver County Address or Location: 725 Kalamath St., Denver Improvements: 2,681-sf 7-Eleven store, YOC 2017, brick with gas pumps Land Size: 26,250 sf Date of Recording: 12/29 Reception No.: 2017169834 Price: $2.74M, or $1,022 psf Grantor: BTS Kalamath SE LLC, Cadence Capital, Lucy Dinneen, mgr. Grantee: Carr Street LLC, Dr. Gary Ghiselli, 303-697-7463 Comments: New…
John Winslow
January 9, 2018Graham Street Realty snags two southeast Denver office buildings
Douglas County Address or Location: 9777 Pyramid Circle, 384 Inverness Pkwy, Englewood Improvements: 120,279-sf, three-story office building, YOC 1996; 51,523-sf, two-story office building, YOC 1985 (171,802 sf net rentable space) Land Size: 1) 8.37 acres 2) 2.854 acres Date of Recording: 12/15 Reception No: 2017084932 & 2017084924 Price: $19.4M, or $112.92 psf Grantor: Westcore 384…
John Winslow
January 8, 2018Preleasing at new tower on fast track with Chipotle deal
A 152,000-square-foot headquarters deal will bring preleasing at 1144 Fifteenth Street to 65 percent, well ahead of what its developer anticipated at this point in time. Chipotle Mexican Grill signed a 15-year lease for floors 20 through 24 of the 671,101-sf tower. The building will accommodate all 450 Denver-based Chipotle employees in a single location.…
Kris Oppermann Stern
January 8, 2018Cherry Tower to continue to blossom under new owner
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Kris Oppermann Stern
January 7, 2018Site near National Western trades at record $175.18 per sf
In the wake of “mind-boggling” change around the National Western Complex, a businessman sold a 40,530-square-foot industrial building on 4.29 acres in the neighborhood for a record $175.18 per sf. “It was an incredible opportunity, I’ll just put it that way,” commented George Medley of GI Investments LLC, who sold the site at 4920 N.…
Kris Oppermann Stern
January 6, 2018Denver apartments change hands at $7.21 million
Denver County Address or Location: 1380 Steele St., Denver Improvements: 34-unit, six-story midrise apartment, 22,848 sf, YOC 1963, masonry construction with underground parking garage. Land Size: 17,237 sf Date of Recording: 12/28 Reception No.: 2017169188 Price: $7.21M, or $211,971 per door, or $315.43 psf Grantor: Wilson Partners III GP, Eric R. Wilson, GP Grantee: 1380…
John Winslow
January 5, 2018