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Carmel Partners pays $6.75 million for proposed apartment site

Douglas County Address or Location: South side of Inverness Drive South, north of Gates Corp. and southwest of Information Handling Services Improvements: Vacant multifamily land Land Size: 9.385 acres Date of Recording: 8/29 Reception No. 2017059524 Price: $6.75M, or $16.51 psf, or $26,786 per buildable unit Grantor: ARI Inverness LLC, Michael S. Adler, pres. of…

John Winslow

September 20, 2017
Meridian

Meridian bike sharing launched

Bill Pauls once casually mentioned to me that soon after he bought the sprawling Meridian International Business Center in Douglas Count, he wondered if he had made a mistake. Pauls, now head of the Pauls Corp., bought Meridian just in time to watch the local economy crash with falling energy prices, putting on hold the…

Kris Oppermann Stern

September 20, 2017
Phillips 66

Phillips 66 Louisville site under contract to Bancroft

The company that developed the Peloton in Boulder has the prized 432-acre property in Louisville under contract that is owned by energy giant Phillips 66, the Colorado Real Estate Journal has learned. Bancroft Capital, based in Manhattan Beach, California, appears to have agreed to pay $50 million for the land off U.S. 36, which is…

Kris Oppermann Stern

September 19, 2017
Comp of the Day handshake image

Owner user’s SBA loan facilitates purchase of Englewood medical building

Arapahoe County Address or Location: 4275 S. Broadway, Englewood Improvements: 5,760 medical building YOC 2006 (renovated in 2017) Land Size: 6,250 sf Date of Recording: 8/10 Reception No.: D7091881 Price: $980,000 or $170.14 psf Grantor: 4275 South Broadway LLC (Bill Bush, mgr.) 720-339-4523 Grantee: 4275 SBO (Seth L. Jenz, mgr.) Financing: $997,900 payable to Bank…

John Winslow

September 18, 2017
76 Commerce Center

New industrial park to go head-to-head with I-70 corridor

Metro Denver’s next big industrial park will be in Brighton. The 122-acre 76 Commerce Center will create up to 1.8 million square feet of speculative Class A industrial space on the Interstate 76 corridor, starting with a 266,240-sf building to break ground this year. Going head-to-head with Denver’s Interstate 70 industrial corridor, the development is…

Kris Oppermann Stern

September 17, 2017
park hyatt beaver creek

Life Moves Pretty Fast: GE Johnson 50 Years Later

Life moves pretty fast – if you don’t stop and look around once in a while you could miss it. The famous counsel given to Generation X by Farris Buhler in 1986 always seems to take a minute to settle in, but that’s the point. Fifty years from GE Johnson Construction Co.’s 1967 founding, Chief Executive Officer Jim Johnson also finds benefit in reflection.

Building Dialogue

September 17, 2017
Cherry Creek

Safeway Cherry Creek to close, host new tenants

After more than a half century in the heart of the Cherry Creek neighborhood, the Safeway next to the Cherry Creek Shopping Center will be closing its doors by the first week of January, officials announced today. The 51-year-old Safeway with approximately 50,000 square feet  at 3100 E. First Ave., has been notified by the Taubman…

Kris Oppermann Stern

September 15, 2017
Comp of the Day handshake image

Scottsdale developer flips former FirstBank in Aurora for $1.5 million profit

Arapahoe County Address or Location: 7460 S. Gartrell Rd, Aurora Improvements: 4,452 medical building YOC 2006 (renovated in 2017) Land Size: 1.1 acres Date of Recording: 8/10 Reception No.: B7091255 Price: $2.74M or $615.45 psf Grantor: Cathedral Canyon Investments LLC, Brenton Smith, mgr. Grantee: Greg Grinter (Edwardsville IL) 618-656-6875 Financing: Cash Comments: The APN is…

John Winslow

September 15, 2017
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Canadian developer sparks historic ‘Ghost Building’ for $5.15 million

Denver County Address or Location: 800 18th St., Denver “The Ghost Building” Improvements: 15,516 sf three-story office building, YOC 1891, sandstone const. Land Size: 6,269 sf Date of Recording: 8/7 Reception No.: 2017103112 Price: $5.15M or $331.92 psf Grantor: 800 18th Street LLC Grantee: Amacon Ghost Building Corp. 604-602-7700 c/o Matthew Chung Financing: Cash Comments:…

John Winslow

September 14, 2017
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Denver infill site one block west of Tower & E. 47th sells at $10.75 psf

Denver County Address or Location: Southwest corner E. 47th Ave & Yampa St, Denver Improvements: Vacant Land, zoned C-MU-20. Land Size: 69,725 sf Date of Recording: 8/3 Reception No.: 2017103185 Price: $750,000 or $10.75 psf Grantor: C. P. Bedrock LLC by: Tickly Bender Dev LLC Grantee: Strasburg Montbello LLC (Dr. Mauricio Waintrub, mbr.) 303-337-5575 Financing:…

John Winslow

September 13, 2017