Speculative flex/industrial space to be part of budding North Park
The first commercial building will emerge soon at North Park in Broomfield, and it’s only a small part of things to come. The 152,761-square-foot flex building isn’t being built in isolation but rather as a component of the 1,100-acre master-planned community stretching from the Northwest Parkway to Highway 7 on the west side of Interstate…
Kris Oppermann Stern
September 18, 2017Solana in Highlands Ranch checks all the boxes
If you had a blank suburban canvas and had a checklist for a first-class apartment community, it would be hard to beat the 9.89-acre site that is home to Solana Lucent Station. Solana Lucent Station is truly at Main & Main. Site plan for the Solana Lucent Station. Notice how close the future light-rail station…
Kris Oppermann Stern
September 13, 2017Briargate apartments trade for $44.5M in record-setting deal
New York City-based Rivendell Global Real Estate paid $44.5 million, or $229,381 per unit, for the Commons at Briargate – the highest price per unit ever recorded regardless of vintage for the sale of a Colorado Springs apartment community.
Jolene Wollett
September 11, 2017Legendary Rossonian Building bought by Denver developer for $6 million
Denver County Address or Location: 2650 Welton St., Denver, “Rossonian Building” Improvements: 21,480 sf, three-story office building, YOC 1910, masonry Land Size: 7,322 sf Date of Recording: 8/16 Reception No.: 2017108304 Price: $6M, or $279.33 psf Grantor: Carl Bourgeois Grantee: 2650 Welton St. LLC c/o Palisades Partners, Paul L. Books, ptnr. Financing: $4M payable to…
John Winslow
September 8, 2017Gateway Park Apartments sells for $75.25 million
Jackson Square Properties, which specializes solely in the purchase and ownership of apartment properties, purchased the 328-unit community from a joint venture between Denver-based Griffis Residential and PCCP LLC.
Jolene Wollett
September 1, 2017Inland Properties adds to Colorado portfolio with 83 units in Castle Rock
Douglas County Address or Location: 410 Black Feather St., Castle Rock, “Black Feather Apts.” Improvements: 83-unit, five building apartment complex, 113,970 sf (gross), YOC 2016, with four garage buildings totaling 15,767 sf Land Size: 5.751 acres Date of Recording: 8/1 Reception No.: 2017052217 Price: $23.25M, or $280,120 per unit, or $204 psf Grantor: BF Investments…
John Winslow
August 30, 2017Cheesman Park apt. property sells for $6.75 million
The firm paid $6.75 million for 1295 Race St. in Denver, also known as the Campbell Stone Memorial Residences, an income- and age-restricted community – located across the street from its Metropolitan Apartments, a mixed-age and -income property.
Jolene Wollett
August 25, 2017Clock ticking on GSA auction of 59-acre TOD site in Lakewood
Clickbait. The clock is ticking on an online auction to buy 59 acres of high-profile, transit-oriented development land being sold by Uncle Sam. Sort of. The GSA is auctioning this prime site in Lakewood online, but the auction faces some headwinds. The current deadline for the auction for the land in the Denver Federal Center…
Kris Oppermann Stern
August 23, 2017PedCor Properties of Indiana pays $5.4M for 16.32 acres in Thornton
Adams County Address or Location: Northeast corner East 160th Ave. & Grant St., Thornton Improvements: Vacant land, proposed 338-unit apartment complex Land Size: 16.318 acres Date of Recording: 7/21 Reception No. 63427 2017 Price: $5.4M, or $7.60 psf, or $15,976 per unit Grantor: Thornton 164 LLC, Jay Perlmutter, mgr. Grantee: Village Capital Corp., c/o Signature…
John Winslow
August 17, 2017Country Club Towers – 5 minutes from everywhere
Five minutes from everywhere. “We spent quite a bit of time driving, biking and walking from here and it was amazing whether you were going to Washington Park, Cherry Creek or downtown, everything was five minutes away,” Walter Armer told me on a tour of Denver’s newest, biggest and possibly the most expensive apartment community…
Kris Oppermann Stern
August 17, 2017