Lincoln Property buys Denver Financial Center I & II for $95.2M
Lincoln Property Co. acquired Denver Financial Center I and II for $95.2 million on behalf of a public pension fund client. Located in the Uptown neighborhood, the 13- and 34-story office towers at 1775 Sherman St. and 1776 Lincoln St. comprise 435,672 square feet. They are just under 88 percent leased to SM Energy, PDC…
Kris Oppermann Stern
November 4, 2018REIT pays $12.8 million for net-leased flex building
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Kris Oppermann Stern
November 2, 2018Inova Flex fetches record price for southeast Denver
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Kris Oppermann Stern
November 2, 2018Invesco Real Estate buys Union Tower West
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Kris Oppermann Stern
November 2, 2018West Colfax property acquired for $80.53 per square foot
Denver County Property Location: 4200 W. Colfax Ave., SWC Raleigh Street & West Colfax Avenue, Denver Property Description: 1,174-sf sales office on used car lot, YOC 1948 Land Size: 9,375 sf Sales Price: $755,000, or $80.53 psf (land value) Reception No.: 2018131224 Closing Date: 10-9 Grantor: Rock Holdings LLC (Karen Fox Wolfe, mgr.) Grantee: 4200 W Colfax…
John Winslow
November 2, 2018Phil’s Place restaurant building changes hands
Denver County Property Location: 3463 Larimer St., Denver “Phil’s Place restaurant” Property Description: 1,850-sf restaurant, YOC 1925 Land Size: 3,125 sf Sales Price: $1.4M, or $756.76 psf Reception No.: 2018131248 Closing Date: 10-9 Grantor: Gary Garcia & June Garcia Grantee: 3463 Larimer LLC (Rob Naiman, mgr.), 303-534-5929 Comments: This property was listed by Zall & Co. This was…
John Winslow
November 1, 2018Essex names Williams as president
Essex Financial Group, which will close an estimated $750 million in commercial real estate loans this year, is changing the guard. J. Jeffrey Riggs, who founded the firm 26 years ago, is passing the baton to Cooper Williams, who has spent his entire professional career at Essex. “We are proud to announce that Cooper Williams, effective…
Kris Oppermann Stern
November 1, 2018Denver office absorption ranks third among top 50 office markets
The Denver metro area has climbed to third in the country for net absorption of office space, behind only the gateway cities of San Francisco and Midtown Manhattan, New York. “This city is gobbling up office space with the likes of New York and San Francisco, and you offer higher returns,” Kevin Thorpe, Cushman &…
Kris Oppermann Stern
November 1, 2018Englewood warehouse sells for $1.95 million
Arapahoe County Property Location: 2190 W. Bates Ave, Units 1 & 2, Englewood Property Description: 19,248-sf (two-level) warehouse, YOC 1975, masonry (renovated in 1995) Land Size: 21,043 sf Sales Price: $1.95M, or $101.31 psf Reception No.: D8098646 Closing Date: 10-2 Grantor: Delkevic US LLC (Janielle Myers, signatory) Grantee: Mad Dragon Properties LLC (Matthew Ellis, mgr.), 720-306-9164 Financing: $1.46M…
John Winslow
October 31, 2018Denver investor acquires apartments in Uptown
Denver County Property Location: 1750 Pearl St., Denver Property Description: 13-unit, three-story apartment building, 6,813 sf, YOC 1925, brick construction, with five storage garage units Land Size: 5,633 sf Sales Price: $2.18M, or $167,308 per door, or $319.24 psf Reception No.: 2018124501 Closing Date: 10/1 Grantor: Magdalena Alonso Grantee: 1750 Pearl St LLC (Nora Baldwin, mbr.) Financing: $1.52M payable…
John Winslow
October 30, 2018