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Fund invests $23.46 million in Boulder assets

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

November 12, 2017

Northglenn retail center changes hands at $4.23 million

Adams County Property Location: 450-560 Malley Drive, Northglenn, “Malley Heights Shopping Center” Property Description: 39,495-sf retail building, YOC 1978 Land Size: 4.43 acres Sales Price: $4.23M, or $106.98 psf Reception No.: 96613 (2017) Closing Date: 10/31 Grantor: Par Acquisitions LLC, Stephen R. Parry, mgr., 720-222-9616 Grantee: Evergreen Marketplace LLC, J&B Building Company, Steve Peckar, mgr.,…

John Winslow

November 10, 2017

Quail Ridge Apartments in Thornton sell to San Diego firm for $22.4 million

Adams County Property Location: 502 E. 102nd Ave., Thornton, “Quail Ridge Apartments” Property Description: 140-unit, two- and three-story apartment building with 118,096 sf, YOC 1985, frame construction Land Size: 6.2 acres Sales Price: $22.38M, or $159,821 per unit ,or $189.47 psf Reception No.: 96242 (2017) Closing Date: 10/27 Grantor: Green Leaf Quail Ridge LLC c/o…

John Winslow

November 9, 2017

Greystar pays $6.3 million for 1.21-acre site near Ninth & Colorado

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,…

John Winslow

November 8, 2017
Floor plan

Floor plans forte for Weinstein

Floor plans may not have the appeal of flashy apartment amenities such as top-of-the-line fitness centers, dog washing stations, bike maintenance shops and business centers. But to retired architect Mervin F. Weinstein, a good floor plan can pay huge dividends for the owner of apartment and condo buildings. In one case, Weinstein estimates the owner…

Kris Oppermann Stern

November 6, 2017
Comp of the Day handshake image

Westminster REO shopping center snagged for $42.76 per square foot

Jefferson County Property Location: 6735- 6795 W. 88th Ave., Westminster Property Description: 99,397-sf retail building, YOC 1989, masonry construction, renovated in 2004 Land Size: 8.448 acres Sales Price: $4.25M, or $42.76 psf Reception No.: 2017101132 Closing Date: 9/30 Grantor: 6755 West 88th Avenue Holding LLC, Alex Killick, SVP for CW Capital Asset Management, by: Wells…

John Winslow

November 6, 2017
Inn at Cherry Creek

Comprehensive renovation in store for Inn at Cherry Creek

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…

Kris Oppermann Stern

November 5, 2017
6309 Monarch Park Place

Investor pays $4.3 million for Niwot building as tenant vacates

A Monarch Park office building that a tenant outgrew sold to a local investor who is offering it for lease. Monarch Offices LLC recently paid $4.3 million, or $109.37 per square foot, for the 39,317-sf building at 6309 Monarch Park Place in Niwot. MUM II LLC sold the building, which Wilen Direct is vacating, in…

Kris Oppermann Stern

November 5, 2017
Chaparral Business Park

Chaparral Business Park trades for $13 million

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

November 5, 2017

Aerospace company lands in 17,005 square feet

A local aerospace company will expand from its current location in Longmont into a nearby building in The Campus at Longmont. Redstone Aerospace Corp. signed a long-term lease for 17,005 square feet at 2410 Trade Centre Ave. Redstone Aerospace provides cryogenic systems and high-precision pointing subsystems to both NASA and Department of Defense contractors, according…

Kris Oppermann Stern

November 4, 2017