Apartments across from CSU trade in $9.89 million deal

A new 34-unit apartment community across from the Colorado State University campus sold for $9.89 million, or $291,088 per unit, according to Larimer County records. The College 830 Apartments at 830 S. College Ave. was completed last year. Schrader Development Co., which developed the property, sold the apartments to 830 College LLC, a Boulder-based family…

Jill Jamieson-Nichols

June 10, 2018

Ivy Equities makes another purchase in East Boulder

A Greenwich, Connecticut, company completed its second acquisition in East Boulder with the $2.25 million purchase of an office/warehouse building. Ivy 2981 Sterling Property LLC, an Ivy Equities affiliate, bought the 13,720-square-foot building at 2981-2985 Sterling Court from Ceres Holdings LLC. The price was approximately $164 per sf. Built in 1981, the building is 100…

Jill Jamieson-Nichols

June 10, 2018
Spirit at the River

Spirit Hospitality brings new life to river with hotel, steakhouse

A 4.37-acre site along the Cache la Poudre River in Fort Collins will come to life with a new hotel and restaurant. Spirit Hospitality recently received city approval to develop a 107-room Staybridge Suites and Johnny’s Italian Steakhouse at 301 E. Lincoln Ave., just east of downtown and next to Woodward Inc.’s World Headquarters. The…

Jill Jamieson-Nichols

June 9, 2018
brown palace

Crescent buys Brown Palace for $125.35 million

Crescent Real Estate LLC has acquired Denver’s legendary Brown Palace Hotel and Spa and the adjacent 231-room Holiday Inn Express, which is part of the Brown Palace complex. The price wasn’t released, but Denver County records show the hotels sold for $125.35 million. The 241-room Brown Palace and Holiday Inn Express are located at 321…

Jill Jamieson-Nichols

June 8, 2018

Denver investor facilitates 1031 exchange for central Denver warehouse

Denver County Property Location: 505 & 525 Bryant St., Denver Property Description: 6,000-sf brick warehouse, YOC 1962, & 5,200-sf brick warehouse, YOC 1961, total of 11,200 sf Land Size: 23,225 sf Sales Price: $1.32M, or $117.41 psf Reception No.: 2018060412 Closing Date: 5/21 Grantor: CG Holdings of Colorado LLC, Kelly Letts, signatory Grantee: 1316 Quitman Street LLC,…

John Winslow

June 8, 2018

Modera Observatory Park Apartments sells for $92.5M

Denver County Property Location: 1910 & 1911 S. Josephine St., Denver, “Modera Observatory Park” Property Description: 275-unit (two) five-story apartment buildings, 207,618 sf net rentable area, YOC 2017, brick/stucco construction Land Size: 2.08 acres Density: 132.2 d/u per acre Sales Price: $92.5M, or $336,364 per unit, or $445.53 psf Reception No.: 2018061704 Closing Date: 5/24 Grantor: Josephine Apartments…

John Winslow

June 7, 2018

Brighton apartments sell to Chicago investor for $9.5 million

Adams County Sale No. 1 Property Location: 101-131-151 W. Egbert St., Brighton “Terrace Apts.” Property Description: 36-unit, three-story walkup apartment, 25,920 sf, YOC 1966 Sales Price: $4.4M Reception No.: 2018000041317 Closing Date: 5/25 Grantor: Brighton Terrace Apartments LLC, Jeff L. Young, mgr. Grantee: 29SC Phoenix LLC, c/o 29thStreet Capital, Jay Neal, 720-980-1166 Comments: This all-two-bedroom-unit, three-building complex rents from…

John Winslow

June 5, 2018

Zachary & Elizabeth Fisher House sells to UCHealth for $1.2 million

Adams County Property Location: 1954 Quentin St., Aurora, “Denver Fisher House” Property Description: Denver Fisher House, a nine-suite home for families of patients, with fully equipped kitchen, laundry room, dining/living room, sunroom Land Size: 26,711 sf Sales Price: $1.2M Reception No.: 2018000039773 Closing Date: 5/16 Grantor: Fitzsimons Redevelopment Authority, Steve P. VanNurden, pres. Grantee: The Regents of the University…

John Winslow

June 4, 2018
Cannabis grow house

Pressure on cannabis growers could put space on market

Some older industrial facilities leased to marijuana growers could be coming back to the market as the cost of doing business weeds out a portion of the industry’s smaller players. Jason Thomas “In the last month, probably a half-dozen that I’m aware of have come back on the market, and I have heard of maybe…

Jill Jamieson-Nichols

June 3, 2018
1401 & 1331 17th

LoDo office towers with edge on parking trade for $189M

A pair of 17thStreet office towers that sit across the street from one another sold to a California buyer for $189 million. CIM Group bought the Guaranty Bank building at 1331 17thSt. for $103 million, or $467.57 per square foot, and paid another $86 million, or $449.90 per sf, for 1401 17thSt., according to Denver…

Jill Jamieson-Nichols

June 2, 2018