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FirstBank acquires motel for $1.75 million near Lakewood bank

Jefferson County Property Location: 12111 W. Colfax Ave., Lakewood Property Description: 7,994-sf motel (four buildings), YOC 1942-1971 Land Size: 44,431 sf Sales Price: $1.75M, or $39.39 psf (land value) Reception No.: 2017111546 Closing Date: 10/27 Grantor: Ki Hou Kim & Young Sook Kim Grantee: FirstBank Financing: Cash Comments: Grantee leased the property back to the…

John Winslow

November 16, 2017

Richmond American Homes takes down 162 lots for $5.69 million

Arapahoe County Property Location: Vicinity of SEC S. Malaya Court & E. Radcliff Parkway, Aurora Property Description: Vacant land Land Size: 20.232 acres (162 lots plus & 15 tracts totaling 7.901 = 28.133 acres) Sales Price: $5.69M, or $35,132 per lot, or $4.64 psf* Reception No.: D7122896 Closing Date: 10/30 Grantor: South Quincy Residential Developers…

John Winslow

November 15, 2017
1144 15th

Unicom Capital takes top floor at 1144 Fifteenth

Hines recently secured a key tenant for the top floor of 1144 Fifteenth, the largest speculative office building built in downtown Denver in more than 30 years. Unicom Capital LLC signed a long-term lease for 20,036 square feet on the 40th floor in the 672,000-sf building. JLL brokers Jamie Roupp, Michael Crane and Andy Ross…

CREJ

November 14, 2017

Grand Peaks lands TOD site in Aurora for $3.9 million

Arapahoe County Property Location: SWC East Iliff Ave. & Blackhawk St., Aurora Property Description: Vacant land planned for 320 apartment units plus 12,415-sf retail building and two four-story buildings containing 329,800 sf Land Size: 5.24 acres Sales Price: $3.9M, or $17.09 psf, or $12,188 per buildable unit Reception No.: D7122896 Closing Date: 11/1 Grantor: Fashion…

John Winslow

November 14, 2017

Fund invests $23.46 million in Boulder assets

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

November 12, 2017
Yankee Doodle Plaza

Yankee Doodle Plaza among office developments showcased on tour

John Madden Co.’s first office development in a decade comes with a pride in patriotism. Yankee Doodle Plaza is a seven-story, 210,000-square-foot Class A office building projected to break ground at South Fiddlers Green Circle and Greenwood Plaza Boulevard in mid-2018. The Greenwood Village project was among several new, under construction and planned southeast suburban…

Kris Oppermann Stern

November 12, 2017

Northglenn retail center changes hands at $4.23 million

Adams County Property Location: 450-560 Malley Drive, Northglenn, “Malley Heights Shopping Center” Property Description: 39,495-sf retail building, YOC 1978 Land Size: 4.43 acres Sales Price: $4.23M, or $106.98 psf Reception No.: 96613 (2017) Closing Date: 10/31 Grantor: Par Acquisitions LLC, Stephen R. Parry, mgr., 720-222-9616 Grantee: Evergreen Marketplace LLC, J&B Building Company, Steve Peckar, mgr.,…

John Winslow

November 10, 2017

Quail Ridge Apartments in Thornton sell to San Diego firm for $22.4 million

Adams County Property Location: 502 E. 102nd Ave., Thornton, “Quail Ridge Apartments” Property Description: 140-unit, two- and three-story apartment building with 118,096 sf, YOC 1985, frame construction Land Size: 6.2 acres Sales Price: $22.38M, or $159,821 per unit ,or $189.47 psf Reception No.: 96242 (2017) Closing Date: 10/27 Grantor: Green Leaf Quail Ridge LLC c/o…

John Winslow

November 9, 2017

Greystar pays $6.3 million for 1.21-acre site near Ninth & Colorado

Denver County Property Location: Vicinity of southeast corner East 11th Ave. & Ash St., Denver Property Description: land value, proposed 9-story, 216-unit senior apartments Land Size: 52,644 sf Sales Price: $6.3M, or $119.67 psf, or $29,167 per buildable unit Reception No.: 2017143189 Closing Date: 10/30 Grantor:  9th Avenue (Denver) Land LLC c/o Continuum, Frank Cannon,…

John Winslow

November 8, 2017
Comp of the Day handshake image

Melcor snaps up 305 acres in Aurora for $9.67 million

Arapahoe County Property Location: SEC Powhaton Road & E. Sixth Ave.-extended east, Aurora Property Description: Vacant land Land Size: 304.92 acres Sales Price: $9.67M, or $31,700 per acre Reception No.: 2017144359 Closing Date: 10/27 Grantor: Bellweather Associates, Steve Cohen, partner Grantee: Melcor/TC Aurora LLC, Ryan Mott, 480-699-4687 Financing: Cash Comments: See APN: 1977-00-0-00-367. There are…

John Winslow

November 7, 2017