The Shoppes at Highpointe sells for $15M
The retail center at Interstate 25 and East Hampden Avenue – at one of the highest elevations in Denver – recently sold for $15 million, or $614.70 per square foot.
Jolene Wollett
February 18, 2019Investor sentiments and trends in retail real estate
Posting a year-over-year increase in transaction volumes, it appears the consecutive decline in retail real estate trades has turned the corner. After surviving a few years of negative headlines and threats
CREJ
February 11, 2019Impressive market fundamentals strengthen investment activity
Record-low unemployment levels, increased consumer spending and robust residential development have continued to bolster a high-performing retail landscape across the Colorado Front Range.
CREJ
February 4, 2019Airport dining: Reaching new heights at DIA
Some of Colorado’s favorite eateries will have a home at Denver International Airport’s Great Hall when the ongoing renovation is finished in late 2021. The overall project includes four phases, with
CREJ
February 3, 2019Lending expectations for preferred property types
Retail lending in 2019 is anticipated to increase compared to last year as lenders and equity investors continue to get more comfortable with how the evolution of omnichannel retail sales impacts bricks-
CREJ
February 3, 2019New single-tenant retail buildings in Thornton sell at 5.8 percent cap rate
Adams County 1. Property Location: 581 W. 84th Ave., Thornton Property Description: 3,044-sf retail building, YOC 2018 Land Size: 19,602 sf Sales Price: $2.48M, or $813.07 psf Reception No.: 4828 2019 Closing Date: 1/18/2019 Grantor: Evergreen-88th& Fox LLC by: Evergreen Devco Grantee: VEB Properties (Virginia E. Bright, mgr.), Le Grand, CA 95333 Financing: $510,000 payable to First Savings Bank,…
John Winslow
January 31, 2019Lodo’s Bar and Grill locations sell
A joint venture acquired three Lodo’s Bar and Grill locations across the metro Denver area.
Jolene Wollett
January 27, 2019Westminster Lodo’s sports bar trades for $2.59M
Adams County Property Location: 3053 W. 104thAve., Westminster, “Lodo’s Bar & Grill Property Description: 8,909-sf restaurant/sports bar, YOC 2007 Land Size: 2 acres Sales Price: $2.59M, or $290.16 psf Reception No.: 2018000103634 Closing Date: 12-17 Grantor: Grove Street Land Company LLC (Christopher Myers, mbr.) Grantee: MCSV 3053 West 104thAvenue LLC (Kenneth Monfort, mgr.) Financing: $18.7 million payable to…
John Winslow
January 24, 2019Evergreen Devco acquires retail site in Thornton for $1.76 million
Adams County Property Location: NEC E. 144thAve. & Washington St., Thornton Property Description: Vacant, proposed retail center Land Size: 5.857 acres Sales Price: $1.77M, or $6.92 psf Reception No.: 20180004188 Closing Date:12-28-18 Grantor: Big Dry Creek Investors LLC, c/o Stargate School, Calley Herzog, pres.) Grantee: Evergreen-144thWashington NEC LLC Comments: Tract D1, Stargate Charter School Subdivision Amendment No.…
John Winslow
January 23, 2019Louisville investor acquires neighborhood center in Westminster for $1.1 million
Adams County Property Location: 3200 W. 72ndAve., Westminster, “RMS Center” Property Description: 8,400-sf retail building, YOC 1963, brick Land Size: 12,630 sf Sales Price: $1.1M, or $130.95 psf Reception No.: 20180004188 Closing Date: 12-28-18 Grantor: M. Alice Lehman Grantee: 72nd Corner LLC (Michael Eisenstein, mgr.), Louisville 80027 Comments: This property was listed for sale by Brad Brooks of…
John Winslow
January 22, 2019