Emerging Trends ranks Denver in top 10
Denver made the Top 10 list in the latest Emerging Trends in Real Estate 2019 report, which was released Wednesday. Denver was ranked No. 8 of 79 metropolitan statistical areas in the comprehensive Emerging Trends report released by PwC US and the Urban Land Institute. In the Rocky Mountain region, Denver ranked first of eight…
Kris Oppermann Stern
October 11, 2018Marcus & Millichap: Denver industrial market outperforms in pricing growth
Growing demand from major distributors, manufacturing firms and e-commerce giants has fueled a substantial expansion of Denver's industrial sector, according to Marcus & Millichap's midyear Industrial Research report.[vc_column width="1/3"][vc_column width="1/3"]
CREJ
October 10, 2018
Small office building commands large price in ‘hot’ Castle Rock market
Douglas County Property Location: 509 N. Wilcox St., Castle Rock Property Description: 7,480-sf, two-story office building, YOC 1968, masonry Land Size: 12,600 sf Sales Price: $1.69M, or $226.47 psf Reception No.: 2018053971 Closing Date: 8/31 Grantor: Guaranty Bank & Trust Company, Amy Lovell, EVP Grantee: 509 Wilcox LLC (Daniel Price, mgr.), 281-891-3682 Financing: $1.36M payable to MidFirst…
John Winslow
October 10, 2018
Joint venture buys Sheraton Denver Downtown Hotel
Denver HS-EF Court Place, LLC, a joint venture between Atlanta-based High Street Real Estate Partners and Eagle Four Partners of Newport Beach, California, has acquired the Sheraton Denver Downtown Hotel, the largest hotel in Colorado. Located on the 16th Street Mall, in the heart of Denver’s financial and business district, Sheraton Denver Downtown consists of 1,231…
CREJ
October 9, 2018
State’s biggest single-story industrial building sells for $40.75M
An opportunistic investor paid $40.75 million for the Sears distribution facility in Brighton, the largest single-story industrial building in Colorado. The 1.31 million-square-foot building sits on 104 acres at 18875 E. Bromley Lane. Newport Beach, California-based Starboard Realty Partners LLC paid approximately $31.35 per sf for the asset. Sears has a leasehold interest on the…
Kris Oppermann Stern
October 8, 2018
Promenade retail building snagged for $6.45 million
Douglas County Property Location: 6360 Promenade Road, Castle Rock Property Description: 11,195-sf, five-tenant retail center, YOC 2017, masonry construction Land Size: 1.22 acres Sales Price: $6.45M, or $576.15 psf Reception No.: 2018053727 Closing Date: 8/30 Grantor: Adam’s Needle (Promenade Castle Rock, Alberta Development, Don Provost) Grantee: 6360 Promenade LLC (Michael W. Evans, mgr.), Castle Rock Financing: Cash…
John Winslow
October 8, 2018
Industrial park lands for freight forwarders, small users
A company that’s developed industrial product next to some of the nation’s busiest airports has landed in Denver. Greenwich, Connecticut based J.A. Green Development Corp. will kick off the first, approximately 1 million square-foot phase of JAG Logistics Center at DIA in the first quarter. Located on 75 acres in the Porteos development, it will…
Kris Oppermann Stern
October 6, 2018
Adams County retail center is purchased by local investor for $2.8 million
Adams County Property Location: 7236 Federal Blvd., Denver, “La Conte Center” Property Description: 14,905-sf retail center, YOC 2005; 2,400-sf retail building, YOC 2004, & 1,856-sf fast-food restaurant, YOC 1976; (total of 19,161 sf) Land Size: 2.4 acres Sales Price: $2.8M, or $125.25 psf Reception No.: 74031 2018 Closing Date: 9/11 Grantor: LaConte, J&R Real Estate Administrative Trust (Brian…
John Winslow
October 5, 2018
Castle Rock Sam’s Club ground lease closes for $6.3 million
Douglas County Property Location: 5940 Promenade Road, Castle Rock Property Description: 136,482-sf, single-story big box Sam’s Club, YOC 2017, masonry construction plus 192-sf service station with pumps Land Size: 16.435 acres Sales Price: $6.3M Reception No.: 2018054793 Closing Date: 9/7 Grantor: Imperial Locust (Promenade Castle Rock, Alberta Development, Don Provost) Grantee: Brock Associates III LLC (Andrew Brock,…
John Winslow
October 4, 2018
Park Burger snags location in Washington Park
Denver County Property Location: 1066 S. Gaylord St., Denver “Park Burger” – Washington Park Property Description: 5,250-sf restaurant/tavern, YOC 2009, masonry Land Size: 5,670 sf Sales Price: $2.38M, or $452.38 psf Reception No.: 2018114926 Closing Date: 9/7 Grantor: 1066 South Gaylord LLC (Jennifer Carpanini, mgr.), c/o Tavern Hospitality Group, 303-733-0350 Grantee: Ten 66 South Gaylord LLC (Jean…
John Winslow
October 3, 2018
