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Daycare center kismet

Lore has it that clients of McKinley & Hill Antiques included Ralph Lauren, Hugh Hefner and Oprah. The after-hour “sherry hour” soirees in the establishment that among other things sports an indoor, 12-foot-deep swimming pool in Wheat Ridge, were as legendary as the clients of the proprietors, Bud Hill and Matt McKinley. McKinley died about…

Kris Oppermann Stern

June 6, 2017

CBRE arranges $42.5 million in financing for Confluence Cos.

Michael Cantwell and David Treadwell of CBRE Capital Markets, Debt & Structured Finance in Denver secured the construction-to-permanent loan on behalf of the developer, Colorado-based Confluence Cos., for the development of Timberline Farms.

Jolene Wollett

June 5, 2017
Comp of the Day handshake image

Glendale apartments sell to New York investor

Denver County Property Location: 818-848 S. Dexter St., Denver, “180 Flats” Property Description: 142-unit, four-story apartment, 104,955 rentable square feet, YOC 1974, brick construction Land Size: 93,177 sf Sales Price: $22.3M, or $157,042 per unit, or $212.47 per sf Reception No: 2017068414 Closing Date: 5/24 Grantor: Dexter Lighthouse LLC, Scott Shwayder, mgr. Grantee: 180 Flatarel LLC,…

John Winslow

June 5, 2017

Villas at Homestead apartments sell for $65.35 million

San Francisco Bay area-based Jackson Square Properties purchased the Villas at Homestead, a 312-unit, 13-building complex at 6857 S. Homestead Parkway in Centennial.

Jolene Wollett

June 4, 2017
country club interior

Upside: Country Club Towers

In development, everyone is looking for an advantage. What can be offered that no one else has and/or how can what everyone else has be offered in a way that is new, different and more appealing. On the whole, Denver has what few other cites do – year-round fantastic weather; immediate access to one of North America’s premier outdoor playgrounds; an easygoing vibe; a healthy love of dogs; and, on the grand scale of American cites, at least the remnants of affordability.

Building Dialogue

June 4, 2017
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Highland retail center at 32nd & Lowell sells for $5.19 million

Denver County Property Location: 3496 W. 32nd Ave., Denver Property Description: 11,929-sf, two-story retail building, YOC 1910, brick Land Size: 12,600 sf Sales Price: $5.19M, or $434.66 psf Reception No.: 2017059934 Grantor: Lowell Properties LLC, Kenneth J. Wolf, mgr. Grantee: 32nd and Lowell LLC, Tyrone & Megan Rocque, mgr., 303-948-9330 Closing Date: 5/4 Financing: Assume balance of $2.9M…

John Winslow

May 25, 2017
Cranes

Cranes towering over Denver

The crane is Colorado’s new state bird. I first wrote that line, or something like it, for the Rocky Mountain News in the mid-1980s. At that time, developers from Canada, Texas and other places, were changing the skyline of Denver. Cranes are towering over Denver. Photo courtesy of GE Johnson. During that era, Republic Plaza…

Kris Oppermann Stern

May 25, 2017
Comp of the Day handshake image

Boulder investor creates 47 percent gain on apts. in 2.5 years

Adams County Property Location: 12220 Colorado Blvd., Thornton, “Fox Creek Apartments” Property Description: 287-unit apartment complex including 21 buildings, 265,904 sf net rentable area plus 1,408-sf clubhouse, YOC 1998 Land Size: 19.59 acres Sales Price: $53M, or $184,669 per unit, or $199.32 psf Reception No.: 36688 2017 Grantor: EMD Fox Creek LLC, Charles J. Gower, et al,…

John Winslow

May 24, 2017
Comp of the Day handshake image

Fort Logan apartments sell for $3.6 million

Denver County Property Location: 3600 S. Lowell Blvd., Sheridan, “Fort Providence Apts.” Property Description: 30-unit, two-story plus garden level apartment building, 24,360 sf, YOC 1974, brick/frame construction Land Size: 26,964 sf Sales Price: $3.6M, or $120,000 per door, or $147.78 psf Reception No.: D7045941 Grantor: Capital 8 Fort Providence LLC, Jeffrey L. Kissee, mbr. Grantee: AJ3 Fort…

John Winslow

May 19, 2017
Pinnacle

Pinnacle high point for James Mansfield

Pinnacle Real Estate Advisors has been the perfect fit for James Mansfield. “Pinnacle has exceeded my expectations,” Mansfield told me last week. Mansfield, a veteran of big firms such as Cushman & Wakefield, Opus Northwest LLC, Brookfield Office Properties and Grubb & Ellis, initially joined Pinnacle in November 2015. Last month, he was one of…

Kris Oppermann Stern

May 16, 2017