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Does your GC have a strong relationship with subcontractors?

Subcontractors account for 90 percent of the cost on most projects and are the true tradesmen who create each building. One of the most important factors in evaluating a prospective general contractor is the strength of its relationships with subcontractors.

CREJ

September 4, 2017
Comp of the Day handshake image

Ground lease investment opportunity in Broomfield snagged for $1.65 million

Broomfield County Address or Location: 5725 W. 120th Ave., Broomfield Improvements: Land lease Land Size: 40,393 sf Date of Recording: 7/27 Reception No.: 2017009652 Price: $1.64M Grantor: 5275 West 120th LLC by: Sidford Capital LLC, Bradley Brooks, mgr. Grantee: Castle Park Inc. Financing: Cash Comments: See file plat 2017000272 for Lot 1, Brunner Sub, Filing…

John Winslow

September 4, 2017
7475 Dakin St.

Office building off U.S. 36 & Pecos sells for $6.95 million

A six-story office building off U.S. Highway 36 and Pecos Street in Denver traded for $6.95 million, or $109.69 per square foot. GPA Tower LLC sold the 63,357-sf building on 3.53 acres at 7475 Dakin St. to 7475 Dakin LLC, according to Adams County records. The building was 100 percent leased, with Pima Medical Institute…

Kris Oppermann Stern

September 4, 2017
The Collective

Entasis signs tenant for modern office/flex building

A tenant leased one of three buildings in a new, high-image office/flex campus under construction at the Colorado Tech Center in Louisville. Corr-Jensen, which manufactures and markets health and wellness products, signed a 10-year lease for a 37,540-square-foot building at The Collective, a state-ofthe-art campus at 199 S. Taylor Ave. The two-story office building will…

Kris Oppermann Stern

September 4, 2017
Comp of the Day handshake image

Stand-alone data center in Westminster sells to Zayo Group for $3.5 million

Jefferson County Address or Location: 7579 W. 103rd Ave., Westminster “Church Ranch Corp. Ctr.” Improvements: 29,500-sf, single-story office/flex building, YOC 1998, masonry Land Size: 2.29 acres Date of Recording: 8/15 Reception No.: 2017083362 Price: $3.49M, or $118.52 psf Grantor: Westminster Data Center LLC, Robert W. Kennedy, mgr. Grantee: Zayo Group LLC, 303-381-4683 Comments: 10,000 sf…

John Winslow

September 1, 2017
Comp of the Day handshake image

Southeast I-25 corridor office building acquired for $1.5 million

Arapahoe County Address or Location: 6901 S. Yosemite St., Centennial Improvements: 16,228-sf, two-story office building, YOC 1974, brick Land Size: 38,768 sf Date of Recording: 8/15 Reception No.: D7093588 Price: $1.5M, or $92.43 psf Grantor: DHS LLC, Craig Harris, mgr. Grantee: 6901 South Yosemite LLC, Brian L. Bruce & Kirk M. Smith, mgrs. Financing: $1.65M…

John Winslow

August 31, 2017
Aerial view of Colorado's largest spec building, nicknamed the Big Bomber

Industrial market is ‘grrreat,’ focus of CREJ conference

Industrial developers, brokers and investors in the Denver area should hire Tony the Tiger as their spokesman. That’s because the local industrial market, to borrow the catchphrase of the iconic cat that pitched Kellogg’s Frosted Flakes, is “GRREAT!” That’s not hyperbole. “In the big picture, I think it is incredible,” said industrial broker Jeremy Ballenger.…

Kris Oppermann Stern

August 31, 2017
Comp of the Day handshake image

Inland Properties adds to Colorado portfolio with 83 units in Castle Rock

Douglas County Address or Location: 410 Black Feather St., Castle Rock, “Black Feather Apts.” Improvements: 83-unit, five building apartment complex, 113,970 sf (gross), YOC 2016, with four garage buildings totaling 15,767 sf Land Size: 5.751 acres Date of Recording: 8/1 Reception No.: 2017052217 Price: $23.25M, or $280,120 per unit, or $204 psf Grantor: BF Investments…

John Winslow

August 30, 2017
office

Office market conference by CREJ set

Michael Komppa began developing commercial real estate in Colorado in 1982 and founded Corum Real Estate Group in 1986. That timeline alone tells you that Komppa has experienced firsthand the booms and busts of Denver’s office market. Today, the office market is looking pretty good, especially with a flurry of recent lease deals absorbing some…

Kris Oppermann Stern

August 30, 2017
Comp of the Day handshake image

Cherry Creek School District lands 42-acre site in Dove Valley

Arapahoe County Property Location: South Side of E. Broncos Way, ¼ mile east of S. Potomac St., also northeast side of S. Chambers Rd, Dove Valley Business Park, Englewood Property Description: Vacant business park land Land Size: 42.32 acres Sales Price: $5.8M, or $3.15 psf Reception No.: D7091378 Closing Date: 8/10 Grantor: Dove Valley Business…

John Winslow

August 29, 2017