Ogilvie makes value-add play with Highlands Ranch building
Denver-based Ogilvie Properties Inc. bought a Highlands Ranch office building with plans for improvements to the property – and the occupancy. The 76,369-square-foot building, located at 8822 S. Ridgeline Blvd., was 70 percent leased to eight tenants at the time of the $8 million sale. “It was the old headquarters for Mission Viejo, so it’s…
Kris Oppermann Stern
November 19, 2017Emerging Trends in Capital Markets
LOCATION Hyatt Regency Aurora-Denver Conference Center 4 hours of real estate continuing education credit have been approved. Colorado's largest finance and investment conference of the year with more than 300 attendees anticipated.
Lori Golightly
November 17, 20172018 Development & Construction Forecast & Expo
LOCATION Hyatt Regency Aurora-Denver Conference Center 4 hours of real estate continuing education credit have been approved. We anticipate this to be the largest development and construction conference of the year in Colorado with more than 400 attendees.
Lori Golightly
November 17, 2017FirstBank 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, 2017Richmond 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, 2017Winners of Mayor’s Design Awards
Winners of the 2017 Mayor’s Design Awards showcased an eclectic mix of commercial, residential and events that help to shape Denver's urban fabric.. The 16 winners included office buildings, restaurants, retailers and homes. “We are here to celebrate the projects that are getting it right,” Denver Mayor Michael B. Hancock said about the winners in…
Kris Oppermann Stern
November 15, 2017Grand 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, 2017Life insurance cos. way to go for MF loans, Keepper says
Life insurance companies increasingly are a better option than Fannie Mae or Freddie Mac for investors buying apartment buildings, according to veteran mortgage banker Peter Keepper. Freddie and Fannie, known as government sponsored enterprises, or GSEs, have been the single biggest lenders for multifamily acquisitions in Denver and across the U.S. in recent years. Keepper…
Kris Oppermann Stern
November 13, 2017Yankee 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, 2017Northglenn 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