LCP to renovate Denver Housing building into modern offices
Denver Housing Authority’s office building in Capitol Hill has a new owner that will transform the building into modern office space after DHA relocates in the coming months. An affiliate of Denver-based LCP Development LLC bought the six-story building at 777 Grant St. in Denver for $9 million. DHA will be relocating to a new…
Kris Oppermann Stern
December 30, 2018Two downtown Castle Rock office buildings exchange hands
Douglas County 1. Property Location: 413 Wilcox St., Castle Rock Property Description: 5,276-sf, two-story office building, YOC 1971 Land Size: 10,498 sf Sales Price: $1.55M, or $293.78 psf Reception No.: 2018072825 Closing Date: 12/3 Grantor: Plum Creek Partners LLC (William D. Schlanger & Elaine S. Stucy, mgr.) Grantee: KNO Inc. Comments: Seller has been a tenant in the…
John Winslow
December 28, 2018Downtown Frederick office/retail building trades at $2.36M
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Kris Oppermann Stern
December 26, 2018Harbor adds to collection of historic buildings
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Kris Oppermann Stern
December 26, 2018Hines buys U.S. Bank Tower on behalf of South Korean group
Hines acquired the U.S. Bank Tower in downtown Denver on behalf of a South Korean investor. The recorded price was $194.23 million. Ivanhoé Cambridge,, which owned the 26-story office tower in partnership with the State of Wisconsin Investment Board, sold the property to an affiliate of Samsung SRA Asset Management, records show. Located at 950 17thSt.,…
Kris Oppermann Stern
December 23, 2018A discussion about the downtown Denver market
I teamed with Sam DePizzol, Newmark Knight Frank’s executive managing director, to discuss market insight and highlights of downtown Denver’s office market.
CREJ
December 22, 2018Reimagining Denver West for the next generation
Situated in the foothills of the Rocky Mountains between an urban city and the great outdoors, the West Denver micromarket represents the best of both worlds. Surrounded by residential communities, the area
CREJ
December 22, 2018Midmarket offices: An untapped investor sector
While trophy and value-add office properties have led Denver’s investment market for the past several years, there are good reasons why more investors should be looking at Denver’s stabilized/Class B multitenant office
CREJ
December 21, 2018Housing authority office building at 777 Grant St. sells for $9 million
Denver County Property Location: 777 Grant St., Denver Property Description: 66,866-sf, six-story office building, YOC 1972 Land Size: 40,623 sf Sales Price: $9M, or $221.55 psf (land value), or $134.60 psf (with imp.) Reception No.: 2018152550 Closing Date: 11/28 Grantor: The Housing Authority of the City of Denver (Ismael Guerrero, exec. dir.) Grantee: LCP 777 LLC, Jonathan Bush,…
John Winslow
December 20, 2018Design for human health provides financial returns
Until recently, many companies viewed their workplaces as independent of their core corporate responsibilities and sources of profit. Even when they did see the draw of investing in high-performance offices, companies
CREJ
December 17, 2018