Kaboth, a rock star at RISE
You might call veteran property manager Linda Kaboth a RISE-ing star. But that's not quite right. She already is a rock star property manager. Kaboth, who among other things played a key and pivotal role in selling Belmar for almost $300 million in 2015, is now a vital executive at RISE Commercial Property Services, formerly…
Kris Oppermann Stern
February 14, 2019Exciting gateway tower saga continues
The Bell Park development saga to create an iconic residential tower at a gateway to downtown Denver continued last week. Buzz Geller, whose Paradise Land Co. owns the historic triangular site along Speer Boulevard, Market Street and Cherry Creek at the edge of Lower Downtown, last Thursday presented the latest proposal for the site to…
Kris Oppermann Stern
February 11, 2019KBS inks leases at Granite Tower, plans $10.5M renovation
KBS signed 384,716 square feet of leases at Granite Tower in the fourth quarter and is set to begin a $10.5 million renovation of the building this spring. The largest transaction was a 12-year, 295,743-square-foot lease extension with Anadarko Petroleum Corp. The lease was the largest to be signed in Denver in 2018, according to…
Kris Oppermann Stern
February 11, 2019CREJ C-PACE Conference Coming
PACE yourself. More precisely, C-PACE your existing or new commercial real estate building through Colorado’s C-PACE program. C-PACE provides an attractive financing option packaged with helping the environment. C-PACE is an acronym for the Colorado Commercial Property Assessed Clean Energy Program. That’s quite a mouthful, which explains why it is better known as C-PACE. C-PACE…
Kris Oppermann Stern
February 6, 2019Tech key to CREJ property management event
Drones, digital touch screens, virtual and augmented reality, and innovative software packages are some of the tools that cutting-edge property managers are using. Indeed, Technologies and Tools is the name of one of the panels at an upcoming property management conference. “It’s a pretty cool panel,” said Zvi Rudawsky, managing member at Wheelhouse Commercial, which…
Kris Oppermann Stern
February 4, 2019New single-tenant retail buildings in Thornton sell at 5.8 percent cap rate
Adams County 1. Property Location: 581 W. 84th Ave., Thornton Property Description: 3,044-sf retail building, YOC 2018 Land Size: 19,602 sf Sales Price: $2.48M, or $813.07 psf Reception No.: 4828 2019 Closing Date: 1/18/2019 Grantor: Evergreen-88th& Fox LLC by: Evergreen Devco Grantee: VEB Properties (Virginia E. Bright, mgr.), Le Grand, CA 95333 Financing: $510,000 payable to First Savings Bank,…
John Winslow
January 31, 2019Plumbing supply company acquires building in Adams County for $1.25 million
Adams County Property Location: 5891 Marion St., Denver Property Description: 12,000-sf warehouse, YOC 1979, metal construction Land Size: 33,106 sf Sales Price: $1.25M, or $104.17 psf Reception No.: 2018000100251 Closing Date: 12-17-18 Grantor: Dubois Denver Property Grantee: 5 Palm Properties LLC (M&N Plumbing Supply), Steve Morgan & Stephen M. Norton, mgrs., principals of M&N Plumbing, 303-308-1325) Financing: $1.11M…
John Winslow
January 30, 2019Investors keen on Denver hotels as demand increases with supply
The $92 million sale of a downtown Denver hotel capped off a year of heightened investor interest in the metro area’s hotel market that is expected to continue into this year. The 228-room Residence Inn by Marriott Denver City Center at 1725 Champa St. was among a half-dozen hotels to close in the final weeks…
Kris Oppermann Stern
January 24, 2019Westminster Lodo’s sports bar trades for $2.59M
Adams County Property Location: 3053 W. 104thAve., Westminster, “Lodo’s Bar & Grill Property Description: 8,909-sf restaurant/sports bar, YOC 2007 Land Size: 2 acres Sales Price: $2.59M, or $290.16 psf Reception No.: 2018000103634 Closing Date: 12-17 Grantor: Grove Street Land Company LLC (Christopher Myers, mbr.) Grantee: MCSV 3053 West 104thAvenue LLC (Kenneth Monfort, mgr.) Financing: $18.7 million payable to…
John Winslow
January 24, 2019Zeppelin scores development hat trick
“Remind me not to open three major projects in a year that are bigger than anything I’ve ever done before,” Kyle Zeppelin posted on his Facebook page. Zeppelin made the post regarding his development hat trick with only one hour and eight minutes left of the year. Opening three diverse, one-of-kind developments made for a…
Kris Oppermann Stern
January 23, 2019