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Comp of the Day handshake image

Zakhem family acquires Brind Mansion in Capitol Hill

Denver County Property Location: 825 Logan St., Denver, “Brind Mansion” Property Description: 6,860-sf, three-story office building, plus 2,442 sf in basement area, YOC 1895, granite & stone construction, with five parking spaces Land Size: 6,190 sf Sales Price: $1.64M, or $239.21* psf Reception No.: 2017133837 Closing Date: 9/29 Grantor: 1625 Downing Partnership LLP, Clifton Latiolais…

John Winslow

October 27, 2017
Comp of the Day handshake image

Littleton day care center changes hands for $2.75 million

Jefferson County Property Location: 10670 Bradford Road, Littleton, “Jordan Alexander’s Preschool Academy” Property Description: 9,852-sf day care center, YOC 1996, masonry Land Size: 45,738 sf Sales Price: $2.76M, or $279.64 psf Reception No.: 2017103370 Closing Date: 10/6 Grantor: Highland Investments LLLP, Colleen D. Porterfield, GP Grantee: PMY Holdings LLC Financing: $2.57M payable to KeyBank NA,…

John Winslow

October 18, 2017
UDR

UDR tops Hollywood mogul in record-breaking deal

Thomas W. Toomey, the longtime CEO of UDR, one of the nation’s largest apartment REITs, early this year confessed, “We missed it,” as far as staking out a big claim in the company’s Denver backyard. Toomey, CEO of Highlands Ranch-based UDR, with a market cap of about $10.5 billion, said he had been telling his…

John Rebchook

October 16, 2017
Hawks

Hawks – CREJ apartment conference coming Oct. 19

Jeff Hawks would be disappointed if he listed a Denver area apartment community and didn't receive at least 10 offers. Hawks is seldom disappointed these days. “To a lot of people’s surprise, the apartment market is holding up fairly well. Everyone believed that we were overbuilding” and Denver’s red-hot apartment market was cooling, said Hawks,…

John Rebchook

October 4, 2017
Meridian

Meridian bike sharing launched

Bill Pauls once casually mentioned to me that soon after he bought the sprawling Meridian International Business Center in Douglas Count, he wondered if he had made a mistake. Pauls, now head of the Pauls Corp., bought Meridian just in time to watch the local economy crash with falling energy prices, putting on hold the…

John Rebchook

September 20, 2017
Murphy

Murphy retires from Continuum

Daniel Murphy is calling it quits after almost a half-century in the commercial real estate world. “It is kind of bitter sweet, as you can imagine,” Murphy, a senior principal of Denver-based Continuum Partners told me on Monday afternoon. “I turned 70 in May. It is just time. It is just time.” Dan Murphy, second…

John Rebchook

July 18, 2017