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condo

Condo colossus coming downtown

Condo colossus. A Miami developer has unveiled plans for a $500 million condominium development that would bring 800 condominium units to downtown Denver in two, 40-story towers. The towers, on a 55,000-square-foot property at 1901 Arapahoe St., would represent the single largest condo project ever built in Denver. Units are anticipated to be priced from…

Kris Oppermann Stern

April 11, 2017
Comp of the Day handshake image

Stonegate Apartments in Broomfield sells for $86 million

Broomfield County Property Location: 11815 Ridge Pkwy., Broomfield, “Stonegate Apts.” Property Description: 350-unit two- & three-story apartment complex w/313,394 sf, YOC 2003, stucco construction Land Size: 24.445 acres Sales Price: $86M, or $245,714 per unit Reception No.: 2017003124 Grantor: SCG Atlas Stonegate LLC c/o Starwood Asset Management, James Kane, 770-644-2341 or jkane@starwood.com Grantee: Stonegate Investor Group, 730…

John Winslow

April 7, 2017
Comp of the Day handshake image

Griffis acquires Skye 2905 Apartments for $126 million

Denver County Property Location: 2905 Inca St., Denver, “Skye2905.com Property Description: 400-unit, five-story wrap apartment, 367,600 sf, brick/frame construction, YOC 2010 Land Size: 215,427 sf Sales Price: $126M, or $315,000 per door, or $342.76 psf Reception No.: 2017037304 Grantor: Monogram Residential Prospect Project Owner LLC, Robert R. Hodge, SVP, c/o Behringer Harvard Prospect Senior Borrower LLC Grantee:…

John Winslow

April 6, 2017

$250 million mixed-use project coming to Cole neighborhood

Saunders Development has partnered with owners Byron, Andy and Brett Weiss to develop the Denver Rock Drill project, a 700,000-square-foot, $250 million project comprised of office, retail, residential and hotel in the historic Cole neighborhood near the 38th and Blake commuter-rail station. Denver Rock Drill is currently preleasing office and retail space and plans to break ground on construction…

CREJ

April 3, 2017
Bell Tower site

The Bell Tower: A Denver whale site & design riddle

Steve Ferris, Founder and principal, Real Estate Garage, Denver This the first in the series on Denver’s “Whale Sites,” defined as extremely prominent underdeveloped land parcels whose size and location will influence Denver’s future growth and development. Examples include the Bell Tower site, Aquarium Parking Lots, Burnham Yard, the former Denver Post Printing Site and…

CREJ

April 3, 2017

NAIOP Colorado honors top commercial real estate talent

Photos courtesy of NAIOP Colorado, www.NAIOP-Colorado.orgNAIOP Colorado honored the Denver area's top commercial real estate talent and projects for 2016 at its 20th annual Awards of Achievement at the Denver Center for the Performing Arts Feb. 23. A total of 450 people attended the annual gala. Award winners and finalists were: Award of Excellence Kevin C.…

Kris Oppermann Stern

April 3, 2017
Mathieson

Mathieson takes on critics

Developer Michael Forbes Mathieson could write a book. Mathieson, a Denver infill developer, recently posted a flurry of missives on social media sites responding to critics of his $12 million, five-story, 47-unit apartment building under construction in Denver’s increasingly trendy Berkeley neighborhood. From last fall to last month, Mathieson has posted at least 3,422 words…

Kris Oppermann Stern

April 3, 2017

Denver investor buys Club Commons in Snowmass

JIP-Snowmass LP paid $7.45 million, or $206,944 per unit, for Club Commons.

Jolene Wollett

April 2, 2017

Triumph Properties Group makes its Denver debut

The Villas at Holly transaction was closed on an all-cash basis in 37 days.

Jolene Wollett

April 2, 2017

Stonegate apts. sell for $86 million

Stonegate, a 350-unit garden-style community on 24 acres at 11815 Ridge Parkway in Broomfield, is Summit Management Services’ first purchase in the Broomfield/ U.S. 36 corridor, an area where it has been pursuing growing its holdings.

Jolene Wollett

April 2, 2017