Mexico City group pays $19.5M for first, but not last, Denver asset
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Kris Oppermann Stern
February 16, 2018
Mixed-use TOD building in Lakewood sells for $20.9M
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
February 16, 2018
Cress Capital buys Orchard Pointe for $16.55M
A commercial real estate investment company that’s acquired nearly $100 million in Colorado assets in the last 12 months now owns Orchard Pointe, a prominent Class A office building in the Denver Tech Center. Cress Capital, in partnership with Revesco Properties, purchased the 120,873-square-foot building in Greenwood Village from TA Realty for $16.55 million. Orchard…
Kris Oppermann Stern
February 13, 2018
CBD office building closes for $17.15 million to Denver investor
Denver County Property Location: 1221 Broadway, Denver Property Description: 50,752-sf, three-story office building, YOC 2014 Land Size: 6,500 sf Seller: CPX Broadway Office LLC, Thomas E. Banta, mgr., 303-339-9800 Buyer: Ever Beauty LLC (Jisheng Song, mgr.) 2855 Country Wood Lane, West Covina, CA 91791 (95%) & NCP 1221 Broadway (5%) (Brian Watson, mgr.), 1999 Broadway,…
John Winslow
February 13, 2018
Investors acquire midrise office building in Glendale
Arapahoe County Property Location: 4500 Cherry Creek Drive South, Glendale Property Description: 238,420-sf, 12-story office building, YOC 1973, renovated 2012, concrete panel construction Land Size: 5.367 acres Sales Price: $40.5M, or $169.87 psf Reception No.: D8011419 Closing Date: 1/29 Grantor: AA Cherry Creek LLC c/o EverWest Real Estate Partners LLC, Paul Andrews, mgr. Grantee: G&I…
John Winslow
February 12, 2018
Level Office picks downtown Boulder co-working location
Level Office will open its second Colorado co-working facility in a 22,533-square-foot building in downtown Boulder. The company purchased the building at 1495 Canyon Blvd. from U.S. Bank for $6.5 million, according to Boulder County records. The bank leased back a small portion of the space, which houses a branch bank, for five years. Level…
Kris Oppermann Stern
February 11, 2018
Denver buyer acquires historic building, parking lot for $6.5M
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Kris Oppermann Stern
February 11, 2018
Sustainable energy nonprofit among Boulder Commons tenants
A nonprofit focused on sustainable energy is among tenants in what is being targeted as the first net-zero-energy development in Boulder County. Rocky Mountain Institute, which focuses on research and acceleration of sustainable energy use, has occupied 14,302 square feet at Boulder Commons, a 100,000-sf project at 2440 and 2490 Junction Place. The newly delivered…
Kris Oppermann Stern
February 4, 2018
Centennial flex building changes hands in $10.16M transaction
A group that took a Centennial office/flex building from cold-shell condition to 95 percent occupancy sold the property to a California buyer for $10.16 million. ME Landings LLC, made up of David J. Erb & Co. and Montex LLC, bought the 81,946-square-foot Centennial Technology Place at 6912 S. Quentin St. from a lender in 2011.…
Kris Oppermann Stern
January 29, 2018
Native American Bank to move HQ, open branch on Broadway
Native American Bank will move its headquarters from a downtown Denver high-rise into a high-visibility building on Broadway in 2019. The bank bought the 13,730-square-foot building at 201 Broadway for $4.77 million with plans to retrofit it for its headquarters and its first true Colorado branch bank. Native American Bank is owned predominantly by Native…
Kris Oppermann Stern
January 29, 2018
