Brinkerhoff Hospitality snaps up site for La Loma restaurant
Douglas County Property Location: West of Promenade Pkwy., south of Castle Rock Pkwy. Property Description: Vacant pad site, proposed “La Loma” restaurant Land Size: 1.977 acres Sales Price: $1.2M, or $13.93 psf Reception No.: 2018007093 Closing Date: 2/2 Grantor: Black Mondo Grass c/o Alberta Development Partners, Donald G. Provost, mgr. Grantee: Jefferson Park Development c/o…
John Winslow
February 15, 2018
Aurora investor pays $5.16M for retail center in Promenade at Castle Rock
Douglas County Property Location: 1345 New Beale St., Castle Rock Property Description: 8,188-sf retail center, YOC 2016, masonry Land Size: 1.46 acres Sales Price: $5.17M, or $630.80 psf Reception No.: 2018006786 Closing Date: 2/1 Grantor: Ponderosa Pine LLC c/o Alberta Development Partners, Donald G. Provost, mgr. Grantee: Promenade Shops LLC, Paul Zueger, mgr., 70 S.…
John Winslow
February 14, 2018
Cress Capital buys Orchard Pointe for $16.55M
A commercial real estate investment company that’s acquired nearly $100 million in Colorado assets in the last 12 months now owns Orchard Pointe, a prominent Class A office building in the Denver Tech Center. Cress Capital, in partnership with Revesco Properties, purchased the 120,873-square-foot building in Greenwood Village from TA Realty for $16.55 million. Orchard…
Kris Oppermann Stern
February 13, 2018
CBD office building closes for $17.15 million to Denver investor
Denver County Property Location: 1221 Broadway, Denver Property Description: 50,752-sf, three-story office building, YOC 2014 Land Size: 6,500 sf Seller: CPX Broadway Office LLC, Thomas E. Banta, mgr., 303-339-9800 Buyer: Ever Beauty LLC (Jisheng Song, mgr.) 2855 Country Wood Lane, West Covina, CA 91791 (95%) & NCP 1221 Broadway (5%) (Brian Watson, mgr.), 1999 Broadway,…
John Winslow
February 13, 2018
Investors acquire midrise office building in Glendale
Arapahoe County Property Location: 4500 Cherry Creek Drive South, Glendale Property Description: 238,420-sf, 12-story office building, YOC 1973, renovated 2012, concrete panel construction Land Size: 5.367 acres Sales Price: $40.5M, or $169.87 psf Reception No.: D8011419 Closing Date: 1/29 Grantor: AA Cherry Creek LLC c/o EverWest Real Estate Partners LLC, Paul Andrews, mgr. Grantee: G&I…
John Winslow
February 12, 2018
Lone Tree apartments snagged by Braddock and Logan for $110.85 million
Douglas County Property Location: 10047 Park Meadows Drive, Lone Tree Property Description: 400-unit apartment complex, 400,196 sf, plus 9,416-sf retail space, YOC 2003; 550 surface parking spaces, 121 detached garages Land Size: 14.46 acres Density: 27.66 units per acre Sales Price: $110.85M, or $277,125 per unit, or $270.62 per sf Reception No.: 2018004992 Closing Date:…
John Winslow
February 8, 2018
Long-term Denver investor acquires restaurant with a 10-year lease
Denver County Property Location: 3500 Larimer St., Denver, “Hop Alley” restaurant Property Description: 5,158-sf restaurant, YOC 2000 Land Size: 6,244 sf Sales Price: $2.08M, or $403.26 per sf Reception No.: 2018009282 Closing Date: 1/24 Grantor: KOCV Fund I LLC, Chris Viscardi, mgr. Grantee: Arapahoe and Folsom Associates LLP, Rob Naiman, mgr., 303-534-5929, Denver 80202 Comments:…
John Winslow
February 7, 2018
Business park on old speedway revs up for design update
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Kris Oppermann Stern
February 5, 2018Sessions’ impact on marijuana commercial real estate
Glen Weinberg Managing partner, Fairview Commercial Lending, Evergreen Attorney General Jeff Sessions is rescinding the Obama-era policy that had paved the way for legalized marijuana to flourish in states across the country. In a break with past federal policies taking a hands-off approach, Sessions instead will let federal prosecutors, where pot is legal, decide how…
CREJ
February 3, 2018
Four Western Convenience stores sell for $7.98 million
Adams County Property Location: 2301 E. 88th Ave., Thornton, 2387 W. 72nd Ave., Westminster, 9190 Huron St., Thornton, 1351 E. Bridge St., Brighton Property Description: 1) 2,467-sf C-store, YOC 1987; 2) 1,054-sf C-Store, YOC 1966; 3) 1,713 sf C-Store and car wash, YOC 1971; 4) 2,625 sf C-Store & 1,000-sf car wash, YOC 2017 Land…
John Winslow
February 1, 2018
