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Albrook Partners acquires industrial building through 1031 exchange

Arapahoe County Property Location: 12876 E. Adams Aircraft Circle, Englewood Property Description: 50,000-sf, two-story industrial/office building, YOC 2000, (including 23,600 sf office space, 64’x24’ hangar door, four drive-in doors, 24’ clear, concrete tilt-up) Land Size: 3.09 acres Sales Price: $3.2M, or $64 psf Reception No.: 2017102479 D7114421 Closing Date: 10/4 Grantor: Wells Fargo Bank Trustee,…

John Winslow

October 23, 2017

S’Park lights up with construction of office, multifamily buildings

S’Park is beginning to take shape at Boulder Junction with the approximately $100 million development of two key parcels. The development team led by Element Properties, The John Buck Co. and Kinship Capital kicked off construction of Market, a 50,000-square-foot, four-story office building where Upslope Brewing Co. will have a first-floor brewpub, and Timber, a…

Jill Jamieson-Nichols

October 23, 2017
Eastpark 70 Building 2

Eastpark 70 gears up to deliver 245,847-sf speculative building

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 […]

Jill Jamieson-Nichols

October 16, 2017
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Northglenn shopping center sells to Connecticut investor for $48 million

Adams County Property Location: 10410-10450 Melody Drive, Northglenn, “Northglenn Marketplace” (Northwest corner of Interstate 25 & Melody Drive) Property Description: 439,063-sf shopping center, YOC 1999 & 2005 Land Size: 71.6 acres Sales Price: $48M, or $109.32 per sf Closing Date: 9/15 Grantor: HQ8 – 10410-10450 Melody Lane LLC by: LNR Partners, Steve Ferreira Grantee: MP…

John Winslow

October 13, 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

Daycare center kismet

Lore has it that clients of McKinley & Hill Antiques included Ralph Lauren, Hugh Hefner and Oprah. The after-hour “sherry hour” soirees in the establishment that among other things sports an indoor, 12-foot-deep swimming pool in Wheat Ridge, were as legendary as the clients of the proprietors, Bud Hill and Matt McKinley. McKinley died about…

John Rebchook

June 6, 2017

Niederman bullish on commercial real estate

There are plenty of shiny, new office towers sprouting along the southeast corridor where Peter Niederman could easily lease 25,000 square feet for his residential real estate firm. So why did Niederman, CEO of Kentwood Real Estate, one of the nation’s most successful residential real estate firms, instead decide to build his own office building,…

John Rebchook

April 20, 2017

Leadership expert headlines CREW event

“Leaders often keep secrets because they believe others will find it difficult to understand the basis for their leadership success or failure. They believe others will scoff at the simplicity or complexity of their leadership style or criticize their work ethic. Many leaders find it even harder to share their secret fears, weaknesses and self-doubts…

John Rebchook

March 2, 2017

Trump connects with Morean

Richard Morean recently was enjoying lunch with some real estate buddies at Seasons 52 Wine Bar & Grill in Park Meadows. No surprise, the conversation turned to politics among the friends, who lean both to the right and the left of the political spectrum. “Hey, remember that article about you, 'Trump’s loss is Denver’s gain'?”…

John Rebchook

February 2, 2017