Boulder office buildings trade for $92.57M in portfolio deal
One of the largest owners of office properties in the U.S. bought three buildings in Boulder as part of an approximately $1.9 billion U.S. portfolio. Canyon Center, 1050 Walnut and 1900 15th St. were part of a portfolio of 26 properties around the country that Blackstone Group bought from Alecta, a Swedish pension fund manager.…
Kris Oppermann Stern
December 19, 2016Winslow Report 12-21-16
Adams County Property Location: 1287 S. Eighthth Ave., Brighton, “Solaire Apartments” Property Description: 252-unit apartment complex, 11 buildings plus clubhouse, YOC 2014, 284 covered parking spaces, 95 detached parking garages, 369 open spaces, total net rentable area of 253,116 sf Land Size: 16.38 acres Sales Price: $57.5M, or $228,175/unit, or $227.17/sf Reception No.: 2016097834 Closing Date: 11/10 Grantor:…
John Winslow
December 19, 2016LA lender enters Denver with office loan
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 19, 2016Unico Properties sells Writer Square for $525.13 per square foot
Writer Square has changed hands for $95.28 million, becoming one of a handful of downtown Denver assets to trade for more than $500 per square foot. Unico Properties sold the office/retail property, located at Larimer Street and the Sixteenth Street mall, to GKT Writer Square LLC, a Kroenke Group affiliate. Unico and LaSalle Investment Management…
Kris Oppermann Stern
December 13, 2016Transwestern releases latest Market Watch reports
The Denver retail market absorbed 2.3 million square feet year to date, according to Transwestern's latest reports on the retail, office, industrial and flex markets. The retail vacancy rate decreased, as did the average asking rate.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]
CREJ
December 13, 2016Communal office building in the works
An approximately 80,000-square-foot “communal” office building is being planned for 2½ acres in East Boulder. Sagebrush Cos. recently purchased the site at 5125 Pearl Parkway for $4 million. It is working with Bill Holicky of Boulder-based Coburn to design Boulder Industry & Arts Center, a working environment similar to Industry in Denver’s River North neighborhood.…
Kris Oppermann Stern
December 5, 2016Office building in Santa Fe Arts District sells for $274 per sf
Denver County Property Location: 574 Santa Fe Drive, Denver Property Description: 15,059-sf (rentable) two-story office building, YOC 1911, renovated in 2008 plus 2,520-sf basement area including private gym, showers, bathrooms, loading dock & private patio, with 31 parking spaces. Land Size: 15,743 sf Sales Price: $4.13M, or $273.92 psf Reception No.: 2016156999 Closing Date: 11/30 Grantor: Lange Real Estate…
John Winslow
December 5, 2016Office/retail building in Superior trades for $13.51 million
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 5, 2016Etkin Johnson breaks ground on Atria office campus
Etkin Johnson Real Estate Partners has broken ground on Atria, a Class A office campus on 15.46 acres at 13699 and 13601 Via Varra Road in Broomfield. Named for its light-filled garden setting and open courtyards, the building is geared to growing corporate tenants looking for a progressive, amenity-rich and conveniently located work environment to…
CREJ
December 1, 2016Investcorp buys $250 million in Denver, Boston assets
The U.S.-based investment arm of Investcorp, a global provider and manager of alternative investment products, has acquired a diverse portfolio of real estate properties in the Boston and Denver metropolitan areas for approximately $250 million. The five investments include 20 buildings and 1.8 million square feet of office, industrial, flex and laboratory space, highlighting Investcorp’s…
CREJ
November 23, 2016