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BLVD Builders acquires 27 townhome sites in Thornton

Adams County Property Location: Vicinity of NEC E. 98th Ave. & Washington St., Thornton Property Description: 27 townhome lots Land Size: 47,965-sf, ranging from 1,578 sf to 2,204 sf each, average 1,776 sf Sales Price: $1.42M, or $52,767 per lot or $29.70 psf Reception No.: 6885 2018 Closing Date: 1/19 Grantor: Black Feather Land LLC,…

John Winslow

February 5, 2018
Boulder Commons

Sustainable energy nonprofit among Boulder Commons tenants

A nonprofit focused on sustainable energy is among tenants in what is being targeted as the first net-zero-energy development in Boulder County. Rocky Mountain Institute, which focuses on research and acceleration of sustainable energy use, has occupied 14,302 square feet at Boulder Commons, a 100,000-sf project at 2440 and 2490 Junction Place. The newly delivered…

Kris Oppermann Stern

February 4, 2018

Horizons North Credit Union acquires pad site for in Westminster

Adams County Property Location: 13559 Huron St., Westminster Property Description: Vacant retail pad site Land Size: 1.16 acres Sales Price: $960,000, or $19 per sf Reception No.: 2018000005882 Closing Date: 1/18 Grantor: Retail Services Company LLC, Michelle Gayeski, mbr., 720-290-4447 Grantee: Horizons North Credit Union, 303-451-1146, Northglenn 80233 Financing: Cash Comments: Lot 3B, First Replat…

John Winslow

February 2, 2018

Institutional investor pays $133 per sf for new industrial building

An institutional investor paid $133.66 per square foot for a newly built, fully leased industrial building in Douglas County, which sold at a record low cap rate for the southeast industrial submarket. Lincoln Advisory Group, on behalf of a public pension fund client, bought 14150 Grasslands Drive for $13.5 million. The 101,000-sf building, known as…

Kris Oppermann Stern

February 1, 2018
Amazon

Amazon – Denver’s chance to land a Blue Whale

Amazon is amazing. I admit it. I’m an Amazon junkie. I use Amazon Prime almost daily, it seems, to order everything from organic dog food to solar-powered lights. I’ve binged on Amazon originals like "The Man in the High Castle" and "The Marvelous Mrs. Maisel." I only wish I had followed the old Peter Lynch maxim to…

Kris Oppermann Stern

February 1, 2018

Ohio investment group snags 1980s apartments for $50 million

Arapahoe County Property Location: 4957 S. Prince Court, Littleton, “Summit Riverside Apts.” Property Description: 248-unit, three-story apartment with 198,032 rentable sf, YOC 1987, frame (22 studios, 144 one-bedroom units and 82 two-bedroom units) Land Size: 10.049 acres Sales Price: $50M, or $201,613 per door, or $252.48 psf Reception No.: D8007969 Density: 24.68 dwelling units per…

John Winslow

January 30, 2018
6912 S. Quentin

Centennial flex building changes hands in $10.16M transaction

A group that took a Centennial office/flex building from cold-shell condition to 95 percent occupancy sold the property to a California buyer for $10.16 million. ME Landings LLC, made up of David J. Erb & Co. and Montex LLC, bought the 81,946-square-foot Centennial Technology Place at 6912 S. Quentin St. from a lender in 2011.…

Kris Oppermann Stern

January 29, 2018
201 Broadway

Native American Bank to move HQ, open branch on Broadway

Native American Bank will move its headquarters from a downtown Denver high-rise into a high-visibility building on Broadway in 2019. The bank bought the 13,730-square-foot building at 201 Broadway for $4.77 million with plans to retrofit it for its headquarters and its first true Colorado branch bank. Native American Bank is owned predominantly by Native…

Kris Oppermann Stern

January 29, 2018

Denver industrial property trades for $1.13 million

Denver County Property Location: 4925 E. 38th Ave., Denver Property Description: 6,712-sf industrial building, YOC 1956, masonry construction, heavy power and refrigeration/cooling Land Size: 18,002 sf Sales Price: $1.13M, or $167.61 psf Reception No.: 2018007665 Closing Date: 1/19 Grantor: John W. Campbell IV & Molly S. Campbell Grantee: RZ Boru Family Holding, Richard O’Brien, mgr.,…

John Winslow

January 29, 2018
2452 Clover Basin

Broe Real Estate to inject life into large campus in Longmont

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

January 28, 2018