Austin apartment developer lands high-density site for $163.45 per square foot
Denver County Property Location: 2432 W. Byron Place & 2430 & 2450 Alcott St., Denver Property Description: Misc. improvements (land value) Land Size: 35,178 sf, zoned C-MX-12 Sales Price: $5.75M, or $163.45 per sf Reception No.: 2017098802 & 2017098801 Closing Date: 7/28 Grantor: Wright Family 1995 LLLP, Ruth M Wright & Kenneth R. Wright, GP…
John Winslow
August 16, 2017Watson thrilled with Balfour at Stapleton
Going forward, Brian Watson could envision someone buying a starter home in Stapleton, continuing to move up to a bigger and more expensive home, with the final stop in their lifelong real estate cycle at the just opened Balfour at Stapleton senior care center. “Absolutely,” said Watson, chairman and CEO of Northstar Commercial Partners, owner…
Kris Oppermann Stern
August 16, 2017Douglas County flex building is snagged by Wisconsin Investor for $17.6 million
Douglas County Property Location: 8560 Upland, Englewood Property Description: 147,550-sf industrial building, YOC 2001, tilt-up concrete Land Size: 11.564 acres Sales Price: $17.6M, or $119.28 per sf Reception No.: 2017051215 Closing Date: 7/28 Grantor: Wells Fund XIII – REIT Joint Venture, Leo F. Wells III, pres. Grantee: Rockton Riverview LLC, Rob Gerbitz, pres., 608-362-8981 525…
John Winslow
August 15, 2017Atrium III sale sheds light on demand for government-leased assets
A Cleveland-based asset manager paid $27.25 million for a suburban office building in which half the space is leased to federal government tenants. Boyd Watterson Asset Management bought Atrium III from iStar, a real estate finance, investment and development company headquartered in New York. The 156,526-square-foot building at 6162 S. Willow Drive in Greenwood Village…
Kris Oppermann Stern
August 15, 2017Park Hill golf course a large opportunity & delicate balancing act
Steve Ferris, Founder and principal, Real Estate Garage, Denver This the fourth in the series on Denver’s “whale sites,” defined as extremely prominent and underdeveloped land parcels whose size and location will define Denver’s future growth and development. Examples include the Burnham Yard, the former Denver Post Printing Site, Elitch Gardens, the Broadway Station Area…
Steve Ferris
August 15, 2017Architect has designs on vacant office building that it will call home
Brue Baukol Capital Partners was just about ready to renovate a west Denver office building when its architect began to have designs on the space. EVstudio bought the 41,533-square-foot office building, commonly referred to as the Martischang Building, from Brue Baukol and, before even closing, started working to turn it into the new EVstudio Building.…
Kris Oppermann Stern
August 15, 2017AAA sells building to Denver investor, trades for Atrium I
Denver & Arapahoe counties Address or Location: 4100 E. Arkansas Ave., Denver Improvements: 63,335-sf, two-story, garden-level office building, YOC 1965, brick Land Size: 2.28 acres Date of Recording: 7/27 Reception No. 2017098189 Price: $7.34M, or $115.89 psf Grantor: AAA Colorado Inc., Robert Stewart, CFO Grantee: 4100 Investors LLC, Ryan Arnold & Bill Parkhill, mgrs..) 1550…
John Winslow
August 14, 2017Transforming, Occupying Former Girl Scouts HQ
With the goal to own its own building in an eclectic Denver neighborhood, Unique Properties chose the former Girl Scouts Headquarters Building at 400 S. Broadway to be its new home. This 1965, three-story, brick building bordering the West Washington Park and Baker neighborhoods was the opportunity the group was looking for to represent its…
Building Dialogue
August 14, 2017Republic Park snagged by Greenwood Village investor for $10.8 million
Arapahoe County Address or Location: 9250 E. Costilla Ave., Greenwood Village, “Republic Park” Improvements: 91,098-sf, six-story office building, YOC 1983, brick, renovated in 1992, with common area renovated in 2015 Land Size: 4.1 acres Date of Recording: 7/19 Reception No.: D7083126 Price: $10.8M, or $118.55 psf Grantor: LNC Investments LLC, Richard Q. Latham, mgr. Grantee:…
John Winslow
August 10, 2017JLL: Families keep back-to-school shopping simple
Majority of shoppers are budgeting $250 or less for the back-to-school shopping season and plan to shop at one to two stores.
CREJ
August 9, 2017