Mile High Greyhound Park redevelopment reaches milestone
Commerce City's council and urban renewal authority board have approved an urban renewal plan for the former Mile High Greyhound Park. Approval of the plan allows the master developer for the site, REGen LLC, to finalize agreements with individual developers, secure financing and continue with the development process. “This site is an important part of…
CREJ
June 19, 2018Denver sees more than $5 billion in 83 development projects
More than $5 billion in commercial real estate projects have been completed over the last five years or are under construction in downtown Denver, the Downtown Denver Partnership announced in releasing its annual Downtown Denver Development Map Tuesday morning. The investment consists of nearly 10,000 new residential units, more than 4 million square feet of…
Kris Oppermann Stern
June 19, 2018Popular country music nightclub sells to concert promoter
Arapahoe County Property Location: 2430 S. Havana St., Aurora Property Description: 27,421-sf nightclub, YOC 1984, wood & masonry const. Land Size: 2.278 acres Sales Price: $3.05M, or $111.23 psf Reception No.: D8049462 Closing Date: 5/18 Grantor: McDermott Investments LLC, Marno McDermott, mgr. Grantee: 2430 South Havana LLC, Chris Swank, mgr., 303-322-5219 Comments: Marlo McDermott purchased the property…
John Winslow
June 19, 2018Retail building near Englewood City Center sells for $230 per square foot
Arapahoe County Property Location: 332-340 W. Hampden Ave., Englewood Property Description: 8,684-sf retail building, YOC 1981, brick const. Land Size: 20,000 sf Sales Price: $2M, or $230.31 psf Reception No.: D8049467 Closing Date: 5/18 Grantor: Ronald Parness, 303-781-6961 Grantee: 340 West Hampden LLC, Justin Ganoe, mgr. Comments: This property was listed by Brian McKernan & Austin Berg…
John Winslow
June 18, 2018NKF team sells five office properties for more than $100M
This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]
Kris Oppermann Stern
June 15, 2018Downtown Littleton office building purchased
Arapahoe County Property Location: 5524 S. Prince St. Property Description: 4,239-sf office building, YOC 1905, wood frame const. Land Size: 12,502 sf Sales Price: $765,000, or $180.47 psf Reception No.: D8049495 Closing Date: 5/21 Grantor: Arapahoe Mental Health, Keith Larson, CFO Grantee: 5524 Prince LLC, c/o Frederic Exporting Comments: This property was sold by Eric Shaw of Pinnacle…
John Winslow
June 15, 2018Denver Realtor acquires northeast Denver industrial property
Denver County Property Location: 3824 Dahlia St., Denver Property Description: 15,046-sf industrial building, YOC 1967 Land Size: 26,875 sf Sales Price: $1.35M, or $89.72 psf Reception No.: 2018060113 Closing Date: 5/18 Grantor: EJD Enterprises LLC, Edward Dwight, mbr. Grantee: LJRALR LLC, Adam Riddle, mgr., & River LLC, Zvi Rudawsky, mgr. Financing: $810,000 payable to Alpine Bank Cherry…
John Winslow
June 11, 2018Ivy Equities makes another purchase in East Boulder
A Greenwich, Connecticut, company completed its second acquisition in East Boulder with the $2.25 million purchase of an office/warehouse building. Ivy 2981 Sterling Property LLC, an Ivy Equities affiliate, bought the 13,720-square-foot building at 2981-2985 Sterling Court from Ceres Holdings LLC. The price was approximately $164 per sf. Built in 1981, the building is 100…
Kris Oppermann Stern
June 10, 2018Crescent buys Brown Palace for $125.35 million
Crescent Real Estate LLC has acquired Denver’s legendary Brown Palace Hotel and Spa and the adjacent 231-room Holiday Inn Express, which is part of the Brown Palace complex. The price wasn’t released, but Denver County records show the hotels sold for $125.35 million. The 241-room Brown Palace and Holiday Inn Express are located at 321…
Kris Oppermann Stern
June 8, 2018Denver investor facilitates 1031 exchange for central Denver warehouse
Denver County Property Location: 505 & 525 Bryant St., Denver Property Description: 6,000-sf brick warehouse, YOC 1962, & 5,200-sf brick warehouse, YOC 1961, total of 11,200 sf Land Size: 23,225 sf Sales Price: $1.32M, or $117.41 psf Reception No.: 2018060412 Closing Date: 5/21 Grantor: CG Holdings of Colorado LLC, Kelly Letts, signatory Grantee: 1316 Quitman Street LLC,…
John Winslow
June 8, 2018