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,…

Absorption. The late George Wallace, founder of the Denver Tech Center, told me in the 1980s that the absorption rate was the single most important metric for measuring the health of a real estate market. That was an era when Denver’s economy was being hammered by a drop in oil prices and changes in tax…

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…

The new owner of a boutique hotel in Cherry Creek is checking into a renovation aimed at enhancing the area’s cultural and retail fabric. The Inn at Cherry Creek was acquired through a ground lease by 233 Clayton Partners, a collaboration of BCM Investments, Aparium Hotel Group and CHMWarnick. The 37-room hotel at 233 Clayton…

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Jefferson County Property Location: 12155 W. 58th Place, Arvada Property Description: 58-unit, three-story apartment building with 60,208 sf, YOC 1982, brick construction with mansard roof Land Size: 2.36 acres Sales Price: $10.83M, or $186,638 per door, or $179.79 psf Reception No.: 2017102020 Closing Date: 10/3 Grantor: 29SC Village West LP, Stanley Beraznik, mgr., 312-379-8934 Grantee:…

Jefferson County Property Location: Northeast Corner W. Ida Ave. & S. Alkire St., Littleton Property Description: Vacant land, plan to build 64-bed senior assisted-living/memory care facility Land Size: 3.37 acres Sales Price: $778,500, or $5.30 psf, or $12,164 per buildable unit Reception No.: 2017101795 Closing Date: 9/28 Grantor: Centennial Community Church, Brad Heykoop, operations pastor,…

Adams County Property Location: SWC E. 120th Avenue & Quebec Property Description: Vacant land including 276 residential platted lots, 12.91 acres on the SWC of E. 120th Ave. & S. Quebec & 30.26 acres of open space Land Size: 98.59 acres Sales Price: $7.5M, or $1.75 psf, or allocation of $15,272 per lot Reception No.:…

Emerging Trends ranked Denver No. 23 out of 78 cities, its worst showing in a decade in the high-profile and comprehensive analysis of markets throughout the U.S. and Canada. The last time Denver fared worse was when Emerging Trends ranked Denver in 28th place for 2007. Denver was ranked No. 11 for 2017. Seattle was…

Denver County Property Location: Southwest corner Lowry Blvd. & Oneida St., Denver Property Description: 10 vacant platted lots* Land Size: 10 lots totaling 16,233 sf Sales Price: $1.05M, or $64.68 psf, or $105,000 per lot Reception No.: 2017133818 Closing Date: 10/11 Grantor: Lowry Economic Redevelopment Authority Grantee: KUH Boulevard One LLC (Koelbel Urban Homes) Comments:…