Woodspear

Woodspear makes unusual swap

Woodspear Properties decided it was time to sell The Orchards shopping center in Greenwood Village. And Woodspear ended up selling the prized 73,904-square-foot center in a novel way. But more details of that later. The Orchards, at 5926 S. Holly St., at the key intersection of Orchard Road and Holly Street, is the type of…

John Rebchook

October 11, 2017
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Unique Properties handles $13.8 million 1031 exchange

Adams County Property Location: 3728-3730 Wheeling St., Aurora Property Description: 121,400-sf (7-building) multitenant industrial complex, YOC 1974, concrete panel construction Land Size: 11.811 acres Sales Price: $9.5M, or $314.71 psf Reception No.: 201700081029 Closing Date: 9/15 Grantor: Wheeling Service Center LLC, M. Dennis Niernberg, mgr. Grantee: Nueva Americana III LLC, 6201 W. 26th Ave., Edgewater…

John Winslow

October 10, 2017

Front Range focus of CREJ conference

[vc_column width="2/3"]Front Range commercial real estate stretches from Northern Colorado to Colorado Springs. And while the geographic markets, like asset types, are at different stages on the scale, no area is hitting a truly sour note. “Our entire Front Range market is in a really good place right now,” said Mike Kboudi, a managing director…

John Rebchook

October 9, 2017
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Capitol Hill apartment complex sells to Boulder investor

Denver County Property Location: 600 & 624 Pennsylvania St., Denver Property Description: 53-unit, five-story walk-up-style apartment building, 36,641 sf, YOC 1962 (renovated in 2015), brick construction Land Size: 31,250 sf Sales Price: $12.85M, or $242,453 per unit Reception No.: 2017124604 Closing Date: 9/18 Grantor: JM Pennsylvania, Jason McCool, mgr. Grantee: M and G LLC, Randal…

John Winslow

October 9, 2017
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Museum acquires site near National Western Complex for $88.68 per square foot

Denver County Property Location: 4700-4712 Brighton Blvd., Denver Property Description: garage and two houses, (land value) Land Size: 11,277 sf Sales Price: $1M, or $88.68 per sf Reception No.: 2017124750 Closing Date: 9/21 Grantor: PMC Land LLC Grantee: Denver Police Museum Development Group LLC, Lance Nading, mgr., & Mark Hesse, president Financing: $650,000 with 0%,…

John Winslow

October 6, 2017
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South Broadway retail building in Denver sells for $1.55 million

Denver County Property Location: 114-120 S. Broadway, Denver Property Description: 5,450-sf strip center YOC 1933, brick Land Size: 7,812 sf Sales Price: $1.55M, or $284.40 per sf Reception No.: 2017125447 Closing Date: 9/22 Grantor: 114-120 LLC., E.V. Kazazian, mgr., formerly of Denver, now Rancho Mirage, CA Grantee: S. Broadway Investment LLC, Judy Gaines, mgr. Financing:…

John Winslow

October 5, 2017
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Trammell Crow fetches Village at Forest Trace strip center for $8.9 million

Arapahoe County Property Location: 23870-90 E. Smoky Hill Road, Aurora, “Village of Forest Trace” Property Description: 16,506-sf retail center (two buildings), YOC 2016 Land Size: 1.9 acres Sales Price: $8.9M, or $539.20 per sf Reception No.: D7105471 Closing Date: 9/15 Grantor: Forest Trace Holdings LLC, Marc Cooper, mgr. Grantee: CH Retail Fund II Denver Forest…

John Winslow

October 4, 2017
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Holland Partners snaps up Alara Greenwood Village for $91 million

Arapahoe County Property Location: 5400 S. Park Terrace Ave., Greenwood Village Property Description: 304-unit, three-story apartment, 37 buildings totaling 338,626 sf plus 6,576-sf clubhouse, YOC 1995 Land Size: 18.344 acres Sales Price: $91M, or $299,342 per unit Reception No.: D7105153 Closing Date: 9/12 Grantor: SVF Alara Greenwood Village LLC by: First Fiduciary Realty Advisors Grantee:…

John Winslow

October 3, 2017
Ursini

Ursini – No stopping 1,000-foot Denver tower

I first started talking to New York City-based developer Mike Ursini last March about his plans to build the tallest building in Colorado. Our agreement was that by sitting on his blockbuster $400 million development at 650 17th St., he would give the story to me first. https://www.youtube.com/watch?v=lloqw7_wWck Six months later, it didn’t work out…

John Rebchook

October 2, 2017
Hutchison

Hutchison heads fast-growing Mission Rock

Patricia Hutchison, president of Mission Rock Residential, just returned from a weeklong trip to Houston, surveying the damage of apartment communities her Denver-based company manages in the wake of Hurricane Harvey. Thankfully, only two of the communities suffered any damage, it wasn’t as bad as she feared, and she returned to Denver. Colorado is the…

John Rebchook

September 27, 2017