Dallas developer lands 2 acre-site in Parker
Douglas County Property Location: Northwest Corner Pardee Street & Hess Road, also fronts SWC Triple Crown Drive & Pardee Street, Parker Property Description: Vacant land Land Size: 89,867 sf Sales Price: $1.2M, or $13.35 psf Reception No: 2018046972 Closing Date: 8/3 Grantor: Rice Investment Properties LLC (Marvin A. Boyd, mgr.) Grantee: Brytar Parker CO TLE LP, Scott…
John Winslow
September 13, 2018Gabriel’s restaurant building in Sedalia sells for $1.37M
Denver County Property Location: 5450 Manhart, Sedalia Property Description: 6,630-sf restaurant, YOC 1907, frame, renovated 2004 Land Size: 1.205 acres Sales Price: $1.37M, or $205.88 psf Reception No: 20180 Closing Date: 8/6 Grantor: Matthew Earl Bundy, Sedalia 80135 Grantee: 5450 Manhart Holdings (Charles Briggs, mgr.), Lakewood 80232 Financing: $1.62M SBA loan payable to MidWestOne Bank Comments: Lots…
John Winslow
September 12, 2018Schuck Corp. lands 160 acres near Rocky Mountain Arsenal for $2.1 million
Adams County Property Location: SEC E. 88thAvenue & Buckley Road, Commerce City Property Description: Vacant land Land Size: 160 acres Sales Price: $2.1M, or $13,125 per acre Reception No.: 63777 2018 Closing Date: 8/7 Grantor: Roarty Family LP (Regis Autret & Kathleen Autret, ptnrs.) Grantee: Schuck DIA LLC (Stephen M. Schuck, mgr.), 719-633-4500 Financing: $4M payable to Stephen…
John Winslow
September 11, 2018Boulder medical/retail center changes hands at $6.54M
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Kris Oppermann Stern
September 10, 2018Westmont Hospitality acquires DIA Embassy Suites for $49.5 million
Denver County Property Location: 7001 Yampa St., Denver Embassy Suites Property Description: 174 (renovated, two-room) hotel suites within six-story hotel, 174,550 sf, YOC 2002, renovated 2016, 24-hour fitness center, 4,000-sf ballroom Land Size: 4.29 acres Sales Price: $49.54M, or $283.81 psf, or $284,705 per unit Reception No.: 2018097857 Closing Date: 8/1 Grantor: AP/AIM DIA Suites LLC, c/o Blackstone…
John Winslow
September 4, 2018Boulder Commons to add more office, plus apartments
One of the largest multitenant net-zero-energy developments in the country will begin to grow early next year as Morgan Creek Ventures starts the second and final phase of Boulder Commons. In addition to more office and retail space, the next phase will include a 45,000-square-foot net-zero apartment building with 38 units. “We’ve been wanting to…
Kris Oppermann Stern
September 3, 2018Shadow-anchored, net-leased retail assets in Firestone sell
The growing community of Firestone appears to be attracting investor interest, with separate buyers acquiring two retail properties in unrelated deals. Firestone Safeway Marketplace, a shadow-anchored center at 8110-8196 Colorado Blvd., traded for $5 million, or $221.21 per square foot. Another buyer paid $1.78 million – or $819.85 per sf – for a net-leased retail…
Kris Oppermann Stern
September 2, 2018User pays $165 per square foot for core-and-shell building
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Kris Oppermann Stern
August 31, 2018Land adjoining Gaylord Rockies hotel snagged for $45 million
Adams County (First Transaction) Property Location: SWC E. 64thAvenue & Picadilly Road, Aurora Property Description: Vacant land Land Size: 500 acres Sales Price: $30M, or $60,000 per acre Reception No: 64184 2018 Closing Date: 8/7 Grantor: 64thHoldings LLC (Rodrick Weimer, mgr.) Grantee: Painted Prairie Owner LLC, c/o PCCP LLC, c/o Pacific Coast Capital Partners, James Nearon, SVP…
John Winslow
August 28, 2018Xenia Hotels & Resorts acquires Ritz-Carlton for $100.25 million
Xenia Hotels & Resorts Inc. has acquired The Ritz-Carlton in downtown Denver for $100.25 million, or approximately $496,000 per key. "We are excited to have added a premier luxury hotel in one of our long-term core markets to our portfolio," said Marcel Verbaas, chairman and chief executive officer of Xenia. "As one of the few…
Kris Oppermann Stern
August 27, 2018