Parker site sells to Colorado homebuilder for $2.85 million

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Douglas County Property Location: East side of Wootton Trails, 200’ south of Lincoln Ave., Parker Property Description: Vacant land Land Size: 20.47 acres Sales Price: $2.85M, or $3.20 psf Reception No.: 2017029711 Grantor: Connie D. Gerdes, 303-753-1445 Grantee: Cardel Parker LP, Rod D. Mickelberry, mgr., 303-662-8942 Closing Date: 5/1 Financing: Cash Comments: Lots 4-6 & Tracts D, E…

John Winslow

June 23, 2017

Commerce City industrial property sells to Colorado Springs business owner

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Adams County Property Location: 7167-7205 E. 53rd Place, Commerce City Property Description: 17,474 sf industrial buildings (16,018 sf & 1,456 sf) YOC 1970 & 1980, metal construction, 9 drive-in doors, 2 dock-high doors, two 10-ton cranes, fenced and partially paved storage yard Land Size: 3.79 acres Sales Price: $2.36M, or $135.06 psf Reception No.: 41917 2017 Grantor:…

John Winslow

June 22, 2017

Arsenault: developers need to police each other for shoddy practices

Condominium

Condominium developments are making a comeback in the Denver area in the wake of a new state law that takes steps to begin to reform construction defect litigation after a five-year battle and a favorable Colorado Supreme Court decision. But developers are still struggling with how to develop affordable condominium units in a market with…

John Rebchook

June 22, 2017

Keesen Landscape expands into Commerce City

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Adams County Property Location: 3541 E. 64th Ave., Commerce City Property Description: 6,904-sf industrial building w/3 drive-in overhead doors, 17’ clear span, fenced outside storage, YOC 1980, metal Land Size: 1.98 acres Sales Price: $1.25M, or $181.05 psf Reception No.: 46088 2017 Grantor: Ray Spykstra & Kathleen Mullen Grantee: Hellcat CDM, Dan Beekhuizen, pres., Keesen Landscape, 303-761-0444…

John Winslow

June 21, 2017

Hirschfeld, Nichols selected for Sakura Square

Sakura

Sakura Square LLC and Tri-State/Denver Buddhist Temple have chosen the Nichols Partnership/Barry Hirschfeld Jr. team as their preferred developer for the redevelopment of Sakura Square and the temple in downtown Denver. Sakura Square covers one square block bordered by Larimer, Lawrence, 19th and 20th streets. “We are excited to enter into this next phase of…

CREJ

June 20, 2017

Westlake Retail Center sells on in-place cap rate of 12.05 percent

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Broomfield County Property Location: 12920 Lowell Blvd., Broomfield Property Description: 11,288-sf retail building, YOC 1987, masonry Land Size: 1.57 acres Sales Price: $2M, or $177.18 psf Grantor: INSAF LLC, Fadi Sawaged, mgr. Grantee: JNT LLC, Jaeyoung Nam, mgr., 1702 8th Ave., Greeley 80631 Closing Date: 5/31 Financing: $1.35M payable to Westlake Payment LLC @ 8% (OWC) Comments: Listed…

John Winslow

June 20, 2017

Denver’s Zoning: Are We More Divided than Ever?

I sat on the Denver Planning Board in the 1990s and watched the beginning of today’s debates about growth. When we developed Blueprint Denver, the ideas about stability and change emerged through community dialogue.

Building Dialogue

June 19, 2017

Spaces nabs last spot in newest office building at Arista

Spaces is bringing co-working space to the U.S. Highway 36 corridor, taking the last block of office space in Arista’s newest speculative building. Spaces leased approximately 30,000 square feet on the first, second and fifth floors at 8181 Arista Place in Broomfield. It will have a small, highly visible presence on the first floor, which…

Jill Jamieson-Nichols

June 19, 2017

Commerce City warehouse snagged by owner-user for $87.50 per square foot

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Adams County Property Location: 3900 E 68th Ave., Commerce City Property Description: 50,000-sf warehouse, includes 6,500-sf office area, YOC 1980, 27’ clear, twin-tee construction Land Size: 3.45 acres Sales Price: $4.38M, or $87.50 psf Reception No.: 43778 2017 Grantor: K.W. Schmidt & Associates LLC, Karl W. Schmidt, mgr. Grantee: Tebeest Properties LLC, Chad Tebeest, mbr., 9681 W…

John Winslow

June 19, 2017

Amstar buys The Citadel office building

Citadel

Denver-based Amstar has acquired The Citadel, a 131,000-square-foot office building in the Cherry Creek submarket. This acquisition marks Amstar’s first new investment in the U.S. after a focused asset management and disposition effort of its existing portfolio over the past 12 months. Amstar is familiar with the Denver market, having developed several residential properties throughout…

CREJ

June 16, 2017