Missing middle focus of CREJ affordable housing conference
A half-day affordable housing conference on June 20 will address one of the the most challenging aspects of the Denver area’s housing market, where the average price of a home sold is approaching $500,000. The “missing middle” population will be a key of the 2017 Affordable Housing Development & Finance Conference & Expo, which will…
Kris Oppermann Stern
June 14, 2017
Boulder office building portfolio trades for $101.25 million
JP Morgan closed a blockbuster deal in downtown Boulder with the $101.25 million acquisition of three office buildings. The portfolio included 1050 Walnut, Canyon Center at 1881 19th St., and 1900 15th St. The seller was Blackstone Group, which spun off the buildings from an approximately $2 billion portfolio it bought last year. “This is…
Kris Oppermann Stern
June 13, 2017
Denver office building investor adds 61,000 square feet to portfolio
Arapahoe County Property Location: 7009 S. Potomac St., Centennial Property Description: 61,804-sf, three-story office building, YOC 1984 & 2001 Land Size: 1.15 acres Sales Price: $3.95M, or $63.91 psf Reception No.: D7053725 Grantor: Centennial Professional Center LLC, Elizabeth L. Santangelo, mgr. Grantee: A13 Properties LLC, Peter Charczenko, mgr., 720-523-0462, Ext. 948 Closing Date: 5/11 Financing: $2.77M payable to…
John Winslow
June 13, 2017
Amazon to develop 2.4 million-square-foot center
Amazon is working with Trammell Crow Co. to develop a 2.4 million-square-foot, three-story fulfillment and robotics center in Thornton that would be the biggest building built in Colorado. The building is being planned for about 80 acres at the northeast corner of Interstate 25 and 144th Avenue. Construction is set to begin in early June…
Kris Oppermann Stern
June 12, 2017
Denver Mansion near Colfax & Gaylord sells for $940,000
Denver County Property Location: 1547 Gaylord St., Denver Property Description: 6,423-sf, three-story office building (mansion), YOC 1921 Land Size: 6,250 sf Sales Price: $940,000, or $146.35 psf Reception No.: D7053725 Grantor: B&E Holdings LLC, Chuck Buie, mgr. Grantee: Education 1983 LLC Closing Date: 5/31 Comments: Listed by Paul Schneider, Mark Goodman & Chase Grimes of Pinnacle Real Estate…
John Winslow
June 12, 2017
Denver infill site closes for $132 per square foot
Denver County Property Location: 1450 Franklin St., Denver Property Description: Land value Land Size: 12,500 sf Sales Price: $1.65M, or $132 psf Reception No.: 2017070187 Grantor: The Franklin LLC, Brad Broyhill & Brian Toerber, mgrs. Grantee: South Broadway & East Arizona LLC, Lance Gutsch, 720-810-1302, & Kiely Wilson, 303-601-1997, 295 Clayton St., Suite 230, Denver 80206 Closing…
John Winslow
June 8, 2017
Cushman & Wakefield report puts Denver at No. 8 among ‘tech cities’
Denver has emerged in eighth place within the top 25 U.S. tech cities, with San Jose (Silicon Valley) and San Francisco capturing the first and second spots, respectively, according to Cushman & Wakefield’s inaugural Tech Cities 1.0 national report launched today. As coastal cities, including San Francisco, New York and Boston, become increasingly expensive and…
CREJ
June 8, 2017
Southwest Denver commercial property sells for $1.93 million
Denver County Property Location: 4320 Morrison Road, Denver Property Description: 12,722-sf commercial building, YOC 1951 Land Size: 2.47 acres Sales Price: $1.94M, or $18 psf (land value) Reception No.: 2017069848 Grantor: 4320 Morrison LLC, Laura A. White, mgr. Grantee: Morrison Center LLC, Andrew Toole & Jerome Wiencek, mgrs. Closing Date: 5/26 Financing: $1.43M payable to Alpine Bank, due…
John Winslow
June 7, 2017
South Denver warehouse trades for $3 million to Denver lock supplier
Denver County Property Location: 991 S. Jason St., Denver Property Description: 37,863-sf industrial building, YOC 1954 Land Size: 1.42 acres Sales Price: $3.05M, or $80.55 per sf Reception No: 2017068914 Closing Date: 5/25 Grantor: Marvin W. Shaver, Jill Shaver & David Mason Shaver Grantee: ES 177158 LLC, by: Exchange Service, Michael Anderson, pres. Financing: $3.85M payable…
John Winslow
June 6, 2017
Central Park Station One kicks off new Stapleton TOD
Forest City Realty Trust will launch a 4 million-square-foot mixed-use development at Central Park Station next spring. The development will include Central Park Station One, a 190,000-square-foot Class AA mixed-use office building, as well as a 300-unit apartment community, a 120-unit condominium project and 60,000 sf of retail space, all integrated around an expansive public plaza. Forest…
CREJ
June 6, 2017
