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777 Grant St.

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, 2018

Two 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, 2018
451 Oak

Downtown Frederick office/retail building trades at $2.36M

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

December 26, 2018
820 16th St.

Harbor adds to collection of historic buildings

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

December 26, 2018
US Bank Tower

Hines 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, 2018

A 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, 2018

Reimagining 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, 2018

Midmarket 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, 2018

Housing 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, 2018

Design 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