East Colfax Avenue site sells for $21.31 per square foot
Denver County Property Location: SEC Trenton St. & East Colfax Ave., Denver Property Description: Vacant land Land Size: 30,500 sf Sales Price: $650,000, or $21.31 psf Reception No.: 201705659 Grantor: Crosscheck LLC, Scott & Steven Richter Grantee: City and County of Denver Closing Date: 4/27 Financing: Cash Comments: Lot 1-10, Block 7, Kensington Comp of the Day is…
John Winslow
May 17, 2017
Rare Old Pearl Street retail property sells to tenant
Denver County Property Location: 1882 S. Pearl St., Denver Property Description: 7,161-sf retail center, YOC 1925 Land Size: 10,937 sf Sales Price: $1.95M, or $272.31 psf Reception No.: 2017055185 Grantor: RMTO LLC, William R. Tobey Jr., mgr. Grantee: Failyau Properties LLC, Phillippe Failyau, mgr. Closing Date: 4/26 Financing: $1.56M payable to MidFirst Bank, due 4-26-2027 Comments: Tenants include…
John Winslow
May 16, 2017
Pinnacle high point for James Mansfield
Pinnacle Real Estate Advisors has been the perfect fit for James Mansfield. “Pinnacle has exceeded my expectations,” Mansfield told me last week. Mansfield, a veteran of big firms such as Cushman & Wakefield, Opus Northwest LLC, Brookfield Office Properties and Grubb & Ellis, initially joined Pinnacle in November 2015. Last month, he was one of…
Kris Oppermann Stern
May 16, 2017
Villas at Homestead in Centennial soars to nearly $220,000 per unitVillas at Homestead in Centennial soars to nearly $220,000 per unit
Arapahoe County Property Location: 6857 S. Homestead Pkwy., Centennial, “Villas at Homestead” Property Description: 312-unit, 13-bldg. apt. complex, w/305,940 sf, YOC 1993 Land Size: 12.78 acres plus 1.49 acres of floodplain land Sales Price: $68.5M, or $219,551 per unit, or $210.44 psf Reception No.: D7047094 Grantor: KW Fund V Villas at Homestead LLC, Kennedy Wilson Real Estate…
John Winslow
May 15, 2017
Upscale Cherry Hill apartments fetch over $78 million
Arapahoe County Property Location: 3650 S. Broadway, Englewood, “Cherry Hills Apts.” Property Description: 306-unit, four-story apartment with 372,084 sf, YOC 2014 Land Size: 4.56 acres Sales Price: $78.3M, or $255,882 per unit, or $210.44 psf Reception No.: D7045941 Grantor: Cherry Hills Apartments LLC, James L. Street, VP Grantee: Bell Fund IV Cherry Hills LLC, John E.…
John Winslow
May 12, 2017
Fox Creek apartments sell for $53 million
Los Angeles-based TruAmerica Multifamily and the Magnolia Real Estate Fund paid $53 million for the 287-unit Fox Creek community in Thornton.
Jolene Wollett
May 11, 2017
Alexan CityCenter sells for $97M
The 438-unit Class A, garden-style community with 13,000 square feet of ground-floor retail was sold by 801/901 Englewood Parkway Investors, according to public records.
Jolene Wollett
May 11, 2017
California investor acquires single-tenant building for $3.07M
Arapahoe County Property Location: 5612 S. Parker Road, Aurora Property Description: 4,940-sf retail building, YOC 2016, masonry construction & 25 parking spaces Land Size: 27,769 sf Sales Price: $3.07M, or $620.97 psf Reception No.: D7044799 Grantor: Madison Pioneer Hills LLC, Jim Gallaugher, mgr., 425-889-9500 Grantee: 5612 South Parker Road Associates LLC, Arthur & Pamela Lewis, mgrs., 925-228-7226,…
John Winslow
May 11, 2017
Land market taking center stage at CREJ conferences
Land demand in the Denver area is off the charts. “On activity, it probably is record as far as buyers of land," said Mike Kboudi, a land broker with Cushman & Wakefield. Competition is fierce. "It is really hard to get a good piece of ground,” said Kboudi, who during the past five years has sold…
Kris Oppermann Stern
May 11, 2017
Local land speculator acquires 10 acres near Parker for $3.20 per square foot.
Douglas County Property Location: 5202 E. Mainstreet, Parker Property Description: land value Land Size: 10.4 acres Sales Price: $1.45M, or $3.20 psf Reception No.: 2017026096 Grantor: Cleta Mae Moomaw Trust, Ralene G. Felkins, trustee Grantee: Senderos Creek Condos LLC, Rudy Byler, mgr., 303-799-8300 Closing Date: 4/14 Comments: See APN: 2233-213-00-019. Property is not entitled, but intended use is…
John Winslow
May 10, 2017
