Older buildings can remain competitive
The financing game has changed in Denver. Buildings are changing hands quicker than ever and property owners expect returns. As new construction comes on the market, we see tenants migrate to new office
CREJ
April 1, 2018Ticket to own One Lincoln Station sells for $43.75 million
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Kris Oppermann Stern
March 30, 2018Prime West sells One Belleview Station
One Belleview Station achieved record pricing for office product in southeast suburban Denver with its $152 million sale to Dallas-based Ramrock Real Estate LLC. Developer Prime West sold the new Class AA building for $477.90 per square foot. That beats the $475 per sf paid for Re/Max Plaza and $423.78 per sf for Granite Place…
CREJ
March 29, 2018Denver interior design entrepreneur snaps up office building
Denver County Property Location: 3400 Mariposa St., Denver Property Description: 6,207-sf office building, plus 1,907-sf garage, YOC 1966 (remodeled in 2009), masonry construction (total of 8,114 sf) Land Size: 9,375 sf Sales Price: 2.05M, or $252.65 psf Closing Date: 3-21-18 Reception No.: 20180 Grantor: Happy Jack LLC, Douglas C. Payne, mgr. Grantee: LAD2 LLC, Angela M. Harris,…
John Winslow
March 29, 2018Southlands sells for $141.99M
The nearly 1 million-square-foot retail and office property in southeast Aurora sold for $141.99 million, according to public records.
Jolene Wollett
March 28, 2018Rising lease rates: How are office tenants reacting?
The Mile High City's growth undoubtedly is something to be celebrated. Once viewed as a second-tier city, Denver has become a recognized and respected competitor for business and leisure among major cities in the U.S.,
CREJ
March 26, 2018Lone Tree office building snapped up by Dallas investor
Douglas County Property Location: 9380 Station St., Lone Tree, “One Lincoln Station” Property Description: 154,229-sf, six-story office building, YOC 2008, Leed certified, fitness center, conference room Land Size: Sales Price: $43.75M, or $283.67 psf Closing Date: 3/12 Reception No.: 2018014919 Grantor: Lincoln Station Phase One LLC Grantee: OLS Preston LLC, et al., c/o Spectrum Properties, 214-379-8600 Comments:…
John Winslow
March 26, 2018Trophy asset in DTC sells for record $115.2 million
A Denver-based company has acquired a trophy property anchored by a headquarters office building for $115.2 million, or $475 per square foot. KORE Investments purchased Re/Max Plaza off market in what is the largest office deal so far this year. Located at Interstate 25 and East Belleview Avenue, the property includes the 227,997-square-foot, 12-story Re/Max…
Kris Oppermann Stern
March 19, 2018C-PACE program finds favor with property owners, investors
As most commercial real estate professionals know, occupancy is a major concern for office property managers and owners. After all, high vacancy rates drag down rents, along with the building's net operating income.
CREJ
March 19, 2018Artis pays $70M for remaining interest in office assets
Artis Real Estate Investment Trust has acquired the remaining 50 percent interest in two Class A office buildings in downtown Denver for $70 million. The Canadian REIT owned 1700 Broadway and Hudson’s Bay Centre in joint ventures with an affiliate of MDC Property Services Ltd., a boutique real estate company focused on commercial markets in…
Kris Oppermann Stern
March 19, 2018