Self-storage REIT pays $8.85 million for Arvada Life Storage facility
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…
Kris Oppermann Stern
January 12, 2019
Longtime Denver plumber acquires building near West 29th & Sheridan for $1.7 million
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:…
John Winslow
January 11, 2019
Economist Creighton leaves legacy
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…
Kris Oppermann Stern
January 10, 2019
Colorado firm acquires southwest Denver industrial building for $1.35 million
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…
John Winslow
January 8, 2019
Bullish Calbert moderating CREJ leaders panel
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…
Kris Oppermann Stern
January 7, 2019
Residential developer steps into commercial market with $6.3M buy
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…
Kris Oppermann Stern
January 6, 2019
East Colfax motel sells to local hotel operator for $1.35 million
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:…
John Winslow
January 4, 2019
Color Book hit for JVA
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…
Kris Oppermann Stern
January 3, 2019
Social club/bar/restaurant in Aurora sells for $1.51 million
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,…
John Winslow
January 3, 2019
Greenwood Village office building sells to Alvarado Development
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…
John Winslow
January 2, 2019
