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Transwestern releases third-quarter market reports

Asking rates for Class A office space slowed and direct vacancy ticked up in the third quarter, according to Transwestern's Third Quarter 2016 Economy Report. The Class A direct average asking rate was $30.61/sf, down from $30.76/sf in the second quarter. The Class B direct average asking rate was $22.45/sf up from $22.36/sf. The overall direct average asking rate was…

CREJ

October 12, 2016
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Lowry apartments sell for $20.75 million

Denver County Property Location: 425 S. Galena Way, Denver, “Stratford at Lowry Apts.” Property Description: 142-unit, two- & three-story apartment w/eight buildings, 116,864 sf, YOC 1979, masonry and frame construction Land Size: 5.49 acres Sales Price: $20.75M, or $146,127 per door, or $177.56 psf Reception No.: 2016136280 Closing Date: 9/30 Grantor: JSP Lowry LLC by: Jackson…

John Winslow

October 7, 2016
Breakers

Breakers sells for record $350 million

The Breakers Resort apartment community in Denver has been sold for a record price of about $350 million. The sales price to a Miami-based company and its partners tops the previous top sale of the Horizons at Rock Creek, which sold last year for $255 million. ''The sale of the Breakers is among the highest…

Kris Oppermann Stern

October 5, 2016
Winslow Report

Winslow Report 10-3-16

The Winslow Report, authored by John V. Winslow, is a compilation of transactions recently completed in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties. The information was gathered from county records and deemed to be reliable. Other sources of research include brochures and information verified by owners or listing/selling brokers. Winslow is president of WinComps…

John Winslow

October 3, 2016
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Bread-and-butter apartment building snatched up by Texas investor

Denver County Property Location: 2880 S. Federal Blvd., Denver, “Avon Apartments” Property Description: 36-unit, three-story apartment building, 20,760 sf, YOC 1969, brick construction Land Size: 34,164 sf Sales Price: $3.45M, or $95,833 per door, or $166.19 per sf Reception No.: 2016126303 Closing Date: 9/14 Grantor: Avon Apartments LLC, Carol J. Brooks, mgr., & Peter D. Robinson…

John Winslow

October 3, 2016
Utter

Utter open for business at Citiventure

Leaving Denver is not an option for Marilee Utter. When she was offered the job in 2011 as the newly created title of executive vice president District/National Councils for the Urban Land Institute, she accepted on the condition that she would remain in Denver. “I would never leave Denver,” Utter said. She certainly has left…

Kris Oppermann Stern

October 3, 2016

Inland buys Westlink

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

October 3, 2016
Tebo

Tebo makes 1st apartment buy

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

October 3, 2016

Nor’wood, Springs Rescue Mission bring permanent supportive housing to city

The partnership will build Greenway Flats, a 65-unit apartment property will not only provide housing to individuals experiencing chronic homelessness but also wraparound supportive services for residents.

Jolene Wollett

October 2, 2016
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Camden USA acquires 2.44-acre site in RiNo for 232 apartment units

Denver County Property Location: 3200-3220-3254 Walnut St., & 3235 Larimer St., Denver Property Description: 11,880-sf warehouse, YOC 1973; 29,432-sf, two-story factory, YOC 1958; masonry; 11,676-sf warehouse, YOC 1913, brick, 8,368-sf warehouse, YOC 1928, brick (land value) Land Size: 106,294 sf Sales Price: $15M, or $141.12 per sf (land value), or $64,655 per buildable unit Reception No.:…

John Winslow

September 30, 2016