One of the world’s largest real estate investment trusts paid $8.85 million for a newly completed self-storage facility in Arvada. Developer Blue Wing Capital Management sold the 637-unit Life Storage property at 14872 E. 69thAve. to Public Storage, the largest self-storage REIT. Adam Schlosser, first vice president investments, and Charles “Chico” LeClaire, executive managing director…

Denver County Property Location: 5005 W. 29thAve., Denver Property Description: 3,651-sf, three-bay auto service garage, YOC 1973, masonry Land Size: 13,034 sf Sales Price: $1.7M, or $465.63 psf (improvements), or $130.43 psf (as if vacant) Reception No.: 2019001319 Closing Date: 1/4 Grantor: Vigil Holdings LLC (Joe Vigil, mgr.), 303-477-0210 Grantee: 5005 W. 29thAve LLC (John Ward, mgr.), 303-232-6611 Financing: Cash Comments:…

In 1990, my business editor at the Rocky Mountain News, the late Lynde McCormick, described economist Lucy Black Creighton as “perhaps the best known of Denver’s businesswomen.” Creighton, a pioneer and prominent economist in Denver, died on Christmas. A memorial service was held Monday. Creighton, who died peacefully in Denver at age 91, was a…

Denver County Property Location: 2301 S. Platte River Drive, Denver Property Description: 10,005-sf industrial building, YOC 1963, brick Land Size: 12,500 sf Sales Price: $1.35M, or $134.93 psf Reception No.: 2019001531 Closing Date: 1/4 Grantor: Warren & Bette Struble Grantee: Blanch Investments LLC (Russell Blanch, mgr.), 303-935-8889 Financing: $840,000 payable to Bank of Colorado, due in 10 years Comments: Listed by Jeff…

During his 45-year career, Brad Calbert has been in the trenches for every boom, bust and commercial real estate cycle between the two extremes in Denver. As a commercial real estate broker, Calbert has been involved in the sale or finance of more than 150 transactions that totaled more than 30 million square feet. Calbert's…

A Denver townhome/condo developer is stepping into the commercial real estate market with plans to condominiumize a building he purchased in Inverness Business Park. A limited liability company managed by David Burcham of Sanctuary Properties bought a 54,770-square-foot flex building at 67 Inverness Drive East in Englewood for $6.3 million. The property is divided into…

Denver County Property Location: 8415 E. Colfax Ave., Denver Property Description: 20 room-motel with 8,150 sf, YOC 1946, brick/frame Land Size: 11,375 sf Sales Price: $1.35M, or $67,500 per room, or $165.64 psf Reception No.: 2018153105 Closing Date: 11/29 Grantor: In Woo Corp. (Su Yeon Lee, pres.) Grantee: SS Motel LLC, et al. (Daniel Eugene Kim, mgr.) Financing:…

Color me impressed. I recently attended a press conference at a downtown Denver hotel updating the market branding efforts underway in Winter Park. While waiting for the speakers to kick off their presentations, I wandered over to tables represented by vendors in the construction and development trades. I ignored the commemorative pens and lip balm…

Arapahoe County Property Location: 15821 E. Centretech Circle, Aurora Property Description: 9,120-sf social/recreation building, YOC 2003, brick/stucco Land Size: 1.5 acres Sales Price: $1.51M, or $165.02 psf Reception No.: D8119764 Closing Date: 11/30 Grantor: Retired Enlisted Association, Chapter 39, Charles D. Baum, pres.) Grantee: Robert Martinez, Aurora 80018 Comments: Listed and sold by Sandra Fish of Fish Realty,…

Arapahoe County Property Location: 5654 Greenwood Plaza Blvd., Greenwood Village Property Description: 28,500-sf, three-story office building, YOC 1976/1987 Land Size: 39,876 sf Sales Price: $4.17M, or $167 psf Reception No.: D8120054 Closing Date: 12/7 Grantor: Frederick M. Haynes Grantee: Alvarado Development LLC (Linda G. Alvarado, CEO), 303-629-0783 Comments: Listed and sold by Alexander Brase, Craig Bustos, Kevin McKinnon…