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Ziggi’s Coffee acquires pad site in Westminster for ninth Colorado location

Jefferson County Address/Location: North side of W. 100th Avenue, 500 feet east of the Church Ranch Boulevard intersection with W. 100th Avenue (8525 W. 100th Ave.), Westminster Improvements: Vacant retail site; plan to build coffee shop Land Size: 20,939 sf Reception No.: 20180000931 Price: $350,000, or $16.71 psf Grantor: Church Ranch Crossing LLC, Tim Hadjis,…

John Winslow

January 17, 2018
JLL market update

Lee & Associates provides year-end office update

Denver's office vacancy rate stood at 10.5 percent at year-end, according to the report. Trends affecting the office market include rising commercial real estate taxes and construction costs.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]

CREJ

January 16, 2018

Buyer slides into Payless Shoes retail building for $835,000

Jefferson County Address: 9409 Sheridan Blvd., Westminster, “Payless Shoes” Improvements: 3,816-sf retail building, YOC 1995, masonry Land Size: 24,829 sf Date of Recording: 1/5 Reception No.: 20180002492 Price: $835,000, or $218.81 psf Grantor: L. Lane Loyko, Trustee, & Phyllis Atterbury Trust Grantee: CDG – Austin Bluffs LLC c/o CenterPointe Development, Matt Ladendorf, mgr., 602-448-8766, or…

John Winslow

January 16, 2018

Merritt Equipment’s $1 million investment lands remaining site

Adams County Address: 9403 Brighton Blvd., Henderson Improvements: Misc. building (land value) Land Size: 3.015 acres Date of Recording: 1/5 Reception No.: 201800001836 Price: $1M, or $7.61 psf Grantor: Earl D. Giese Trust Grantee: 7755 Miller Drive LLC, Taylor Merritt, c/o Merritt Equipment, 303-289-2286 Comments: This property is in the middle of 16.43 acres of…

John Winslow

January 15, 2018

Dunton Commercial changes hands with focus on property management

Commercial real estate professionals Taylor Fenn and Peter Katz of Walpin & Co. have acquired Dunton Commercial LLC with plans to expand its property management business. “We saw a great opportunity to take an established Denver commercial real estate company and transform it by building around new, highly talented management and state-of-the-art systems and process,”…

CREJ

January 15, 2018

CBRE Research releases quarterly reports on office, retail and industrial markets

New construction continued to be the story for Denver's industrial real estate market in 2017, CBRE Research said in its newly released reports on the Denver industrial, office and retail markets A total of 5.4 million square feet was delivered to the metro Denver market, the highest level since 2001, when 5.5 million sf of…

CREJ

January 14, 2018
14603 E. Fremont Ave.

School district pays $8.25 million for repositioned industrial site

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

January 14, 2018
Village on Shields

Fort Collins affordable housing buildings get serious makeover

Housing Catalyst is undertaking a major rehabilitation of three affordable housing communities that comprise the Village on Shields in Fort Collins. In all, 22 buildings with 285 units will receive an extensive makeover, and a long-shuttered community building will be brought back to life as part of the multimillion-dollar project. The renovations are being funded…

Kris Oppermann Stern

January 14, 2018
555 Alter

Small-tenant industrial/flex building trades at $4.75 million

A small-tenant industrial/flex building in Broomfield sold to a Boulder investor for $4.75 million. One Earth Future Foundation Inc. sold the 66,740-square-foot building at 555 Alter St. to 3200 LLC. The building was approximately 96 percent leased to tenants that average around 4,000 sf, according to Matt Emmons of NAI Shames Makovsky, who represented the…

Kris Oppermann Stern

January 14, 2018
CBRE tech

CBRE report: Tech growth equates to office rent growth

In a new report on primary U.S. technology markets, CBRE Research found that office rents increased in every submarket over the past two years, demonstrating stiff competition for space in the areas most in demand by tech companies  According to CBRE, 13 of the top 30 tech markets achieved double-digit office rent growth from Q2…

CREJ

January 12, 2018