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Grand Peaks lands TOD site in Aurora for $3.9 million

Arapahoe County Property Location: SWC East Iliff Ave. & Blackhawk St., Aurora Property Description: Vacant land planned for 320 apartment units plus 12,415-sf retail building and two four-story buildings containing 329,800 sf Land Size: 5.24 acres Sales Price: $3.9M, or $17.09 psf, or $12,188 per buildable unit Reception No.: D7122896 Closing Date: 11/1 Grantor: Fashion…

John Winslow

November 14, 2017

Fund invests $23.46 million in Boulder assets

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

November 12, 2017
Yankee Doodle Plaza

Yankee Doodle Plaza among office developments showcased on tour

John Madden Co.’s first office development in a decade comes with a pride in patriotism. Yankee Doodle Plaza is a seven-story, 210,000-square-foot Class A office building projected to break ground at South Fiddlers Green Circle and Greenwood Plaza Boulevard in mid-2018. The Greenwood Village project was among several new, under construction and planned southeast suburban…

Kris Oppermann Stern

November 12, 2017

Northglenn retail center changes hands at $4.23 million

Adams County Property Location: 450-560 Malley Drive, Northglenn, “Malley Heights Shopping Center” Property Description: 39,495-sf retail building, YOC 1978 Land Size: 4.43 acres Sales Price: $4.23M, or $106.98 psf Reception No.: 96613 (2017) Closing Date: 10/31 Grantor: Par Acquisitions LLC, Stephen R. Parry, mgr., 720-222-9616 Grantee: Evergreen Marketplace LLC, J&B Building Company, Steve Peckar, mgr.,…

John Winslow

November 10, 2017

Quail Ridge Apartments in Thornton sell to San Diego firm for $22.4 million

Adams County Property Location: 502 E. 102nd Ave., Thornton, “Quail Ridge Apartments” Property Description: 140-unit, two- and three-story apartment building with 118,096 sf, YOC 1985, frame construction Land Size: 6.2 acres Sales Price: $22.38M, or $159,821 per unit ,or $189.47 psf Reception No.: 96242 (2017) Closing Date: 10/27 Grantor: Green Leaf Quail Ridge LLC c/o…

John Winslow

November 9, 2017
Comp of the Day handshake image

Melcor snaps up 305 acres in Aurora for $9.67 million

Arapahoe County Property Location: SEC Powhaton Road & E. Sixth Ave.-extended east, Aurora Property Description: Vacant land Land Size: 304.92 acres Sales Price: $9.67M, or $31,700 per acre Reception No.: 2017144359 Closing Date: 10/27 Grantor: Bellweather Associates, Steve Cohen, partner Grantee: Melcor/TC Aurora LLC, Ryan Mott, 480-699-4687 Financing: Cash Comments: See APN: 1977-00-0-00-367. There are…

John Winslow

November 7, 2017
Floor plan

Floor plans forte for Weinstein

Floor plans may not have the appeal of flashy apartment amenities such as top-of-the-line fitness centers, dog washing stations, bike maintenance shops and business centers. But to retired architect Mervin F. Weinstein, a good floor plan can pay huge dividends for the owner of apartment and condo buildings. In one case, Weinstein estimates the owner…

Kris Oppermann Stern

November 6, 2017
6309 Monarch Park Place

Investor pays $4.3 million for Niwot building as tenant vacates

A Monarch Park office building that a tenant outgrew sold to a local investor who is offering it for lease. Monarch Offices LLC recently paid $4.3 million, or $109.37 per square foot, for the 39,317-sf building at 6309 Monarch Park Place in Niwot. MUM II LLC sold the building, which Wilen Direct is vacating, in…

Kris Oppermann Stern

November 5, 2017
Chaparral Business Park

Chaparral Business Park trades for $13 million

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

November 5, 2017

Aerospace company lands in 17,005 square feet

A local aerospace company will expand from its current location in Longmont into a nearby building in The Campus at Longmont. Redstone Aerospace Corp. signed a long-term lease for 17,005 square feet at 2410 Trade Centre Ave. Redstone Aerospace provides cryogenic systems and high-precision pointing subsystems to both NASA and Department of Defense contractors, according…

Kris Oppermann Stern

November 4, 2017