Property sells for 292 apartment units
Denver County Property Location: SEC West 16th Ave. & Grove St., 1570 Grove, Denver Property Description: Land value, proposed seven-story, 292-unit apartment Land Size: 91,897 sf Sales Price: $13.2M, or $143.64 psf, or $45,205 per buildable unit Density: 138.39 d/u per acre Reception No.: 2019013464 Closing Date: 2/6 Grantor: JP Grove LLC, c/o Jordon Perlmutter Co., Jay Perlmutter, mgr.…
John Winslow
February 22, 2019Greenwood Village developer lands 10-acre site in tech center
Arapahoe County Property Location: 6351 S. Peoria St., Centennial Property Description: Recreation and misc. buildings, YOC 1973-1980 Land Size: 10 acres Sales Price: $1.5M, or $3.44 psf Reception No.: D9010050 Closing Date: 2/1/19 Grantor: Greensprings Baptist Christian Fellowship Trust, Carleton Briggs, mgr. Grantee: 6351 S. Peoria LLC Emily Klimas, 303-771-4004, & Maria Lawson, mgrs. Financing: $1.45M payable…
John Winslow
February 21, 2019Niwot center sells to exchange buyer for $7.89 million
A retail/office property in Niwot sold to a 1031 exchange buyer for $7.89 million, or $191.65 per square foot. Bridge Commercial Partners Fund III LLC sold Cottonwood Square to a Denver area family partnership, MAC Management Cottonwood LLC. The 41,168-square-foot property at 7960 Niwot Road consists of a shopping center, medical office building and Conoco…
Kris Oppermann Stern
February 20, 2019Red Peak pays $39 million for 206 units in Denver
Denver County Property Location: 960 S. Logan St., 10 S. Pennsylvania St., 899 N. Washington St., 1360 Williams St., 1402 N. Race St., 1280 Lafayette St. (6 buildings) Property Description: 960 S. Logan St. – 23-unit, three-story walk-up style apartment, 12,675 sf, YOC 1967, brick construction; 10 S. Pennsylvania St. – 37-unit, five-story apartment, 19,139…
John Winslow
February 20, 2019Broadstone Montane Apartments snagged by Canada-based investor
Douglas County Property Location: 18301 Cottonwood Drive, Parker, “Broadstone Montane Apts.,” NEC Parker Road Hwy. 83 & East Cottonwood Drive Property Description: 400-unit apartment complex with 23 buildings, 484,534 sf of gross building area, plus 9,955-sf clubhouse, YOC 2018, masonry/frameconstruction Land Size: 22.16 acres Sales Price: $120M, or $300,000 per door Density: 18.05 d/u per acre Reception…
John Winslow
February 19, 2019Millice goes for round two with $13.6 million Forum sale
Millice Group Ltd. has had a couple of good runs with The Forum at Cherry Creek, recently selling the Glendale office tower to a local company for $13.6 million, or $163.32 per square foot. “We’ve actually owned this building twice,” said Millice Group President Bo Millice, whose company has officed in the building at 425…
Kris Oppermann Stern
February 17, 2019Denver’s Whale sites: Englewood CityCenter Edition
This the eighth in a series on Denver’s “Whale Sites,” defined as extremely prominent and underdeveloped land parcels whose size and location will define Denver’s future growth and development. Examples include the Burnham Yard, Upper Fox, Elitch Gardens, the Broadway Station Area and Denver Design District. Introduction and background Steve Ferris, Founder and principal, Real…
Steve Ferris
February 16, 2019Developer eyes 168 apartment units in northern Loveland
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Kris Oppermann Stern
February 15, 2019Long-term vision led Etkin Johnson to largest portfolio deal
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Kris Oppermann Stern
February 15, 2019NAIOP Colorado real estate competition gets underway at Denver infill site
Be realistic. Be creative. Take some risk. Graduate students heard that advice and more Feb. 1 at the kickoff for the 17thannual Rocky Mountain Real Estate Challenge. “We are sitting in a very historic part of Denver,” Denver Mayor Michael B. Hancock told University of Colorado and University of Denver students gathered at the 40-acre…
Kris Oppermann Stern
February 15, 2019