German fund buys downtown office building
A downtown office building with a large concentration of oil and gas tenants sold to a Dallas investment adviser for $26 million. Phoenix Property Co. bought 475 Seventeenth Street on behalf of LIC US Growth Fund, a German institutional fund. It was the fund’s first investment. “Our interest in 475 Seventeenth Street was its core…
Kris Oppermann Stern
January 2, 2016Continuum buys Market St. Station
Continuum Partners has acquired Market Street Station in downtown Denver. Continuum purchased the property, through an affiliate, from the city of Denver for $14.5 million and will develop Market Station. Current plans call for 90,000 square feet of creative office space, 85,000 sf of retail and approximately 225 apartment units. The $150 million project will…
Kris Oppermann Stern
December 21, 2015
Boulder to see first net-zero development
A 100,000-square-foot office/retail development in Boulder will break ground in more ways than one. “We’re the first net-zero project in Boulder and one of the first in the country that I know of that hasn’t been built by either the government or a foundation,” said Andrew Bush of Morgan Creek Ventures in Boulder. A joint…
Kris Oppermann Stern
November 30, 2015
Trends in action: Union Station wing buildings
The Union Station wing office buildings – often referred to as One Union Station and the IMA Building – exemplify many of the trends the Denver office property market is witnessing. A large part of both buildings’ success – each sold for over $600 per square foot to GLL Real Estate Partners, a German-based international asset…
Kris Oppermann Stern
October 29, 2015Granite to build 300,000-sf spec office building
Granite Properties will change the Greenwood Village skyline with a 10-story speculative office building that will bring high-quality space to the southeast suburban submarket. “As owners of Plaza Tower One, and we see firsthand the demand for Class A office space, and the shortage of high-quality space in the market,” said Stephanie Lawrence, Granite Properties…
Kris Oppermann Stern
October 5, 2015Niederman, Hutto to develop One DTC West
A 75,500-square-foot Class AA office building will be developed on the bustling East Belleview Avenue corridor in Denver Tech Center West. Kentwood Real Estate CEO Peter Niederman and Frank Hutto, a Denver energy industry executive, will develop One DTC West, an approximately $24 million project, at the northwest corner of East Belleview Avenue and South…
Kris Oppermann Stern
September 14, 2015Owner hands over reins to Elephant Corral
After 24 years of ownership, Elcor Partners Ltd. has decided to let someone else take the reins of an important piece of Denver’s history. “It was time,” Bill Saslow of Elcor Partners said of the Elephant Corral, an office property Stoltz Real Estate Partners bought for $17 million. “There’s been so much interest in properties…
Kris Oppermann Stern
February 16, 2015
