Sears bankruptcy leads industry to a crossroads
When Sears filed Chapter 11 protection on Oct. 15, the typical churn of media headlines and shopping center doom-and-gloom news cycle began anew. Quicker than it started, however, it spun, and the coverage began to
CREJ
November 4, 2018Second-ever Amazon 4-star opens at Park Meadows
The second-ever Amazon 4-star has opened its doors at Park Meadows in Lone Tree, where the 4,000-square-foot space is a physical store for the online giant.
Jolene Wollett
November 2, 2018Broadway retail asset trades for $632 per square foot
The investment group, KRF Post LLC, paid $3.05 million for the 4,821-square-foot building at 141 Broadway in Denver.
Jolene Wollett
October 28, 2018Larimer Square owner buys Harmony Commons retail shops
A Brinkman affiliate sold the company’s newly developed Harmony Commons retail center to a Denver investor for $13.15 million, or $511 per square foot. Jeff Hermanson, owner of Denver’s Larimer Square and an investor in numerous other Colorado properties, purchased Harmony Commons, a spokeswoman said. Urban Villages will manage the property. Harmony Commons, completed in…
Kris Oppermann Stern
October 28, 2018Retail buildings in ‘hot’ Denver Highland market snagged by local investors
Denver County 1) Property Location: 3867 Tennyson St., Denver Property Description: 2,729-sf, two-story retail building, YOC 1899, brick Land Size: 5,633 sf Sales Price: $844,000, or $309.27 psf Reception No.: 2018124774 Closing Date: 10/2 Grantor: Tennyson Street Properties LLC Grantee: Skal Mot LLC (Dirk Nygaard, Joshua Harris & Eugene Mitchell, mgrs.), 3967 Tennyson St., Denver 80212 Financing: $633,000…
John Winslow
October 23, 2018Denver tops retail square feet decline
Denver, or perhaps Dallas, has more square feet of retail space per capita than any other city in the U.S. I first heard that when I was the real estate editor of the Rocky Mountain News in the early 1980s. I heard that Denver was either No. 1 or No. 2 multiple times in the…
Kris Oppermann Stern
October 17, 2018Northern Colorado lease rates on the rise
CBRE: The first half of the year sees rising lease rates in Northern Colorado's office and industrial sectors, while retail development flourishes Rising lease rates was a common theme across all of Northern Colorado’s commercial real estate sectors, according to CBRE’snewly released first half of 2018 MarketView reports. But while the office and industrial markets…
CREJ
October 15, 2018Kansas City firm launches Top Golf Entertainment Center in Thornton
Adams County Property Location: Near southeast corner of Interstate 25 & East 168th Avenue Property Description: Vacant retail site, plans for Top Golf Entertainment Center Land Size: 12.6686 acres Sales Price: $5.16M, or $9.36 psf Reception No.: 74031 2018 Closing Date: 9/11 Grantor: Thornton 164 LLC (Jordon Perlmutter Co., Jay Perlmutter, pres.) Grantee: EPR Thornton Holdings LLC (Michael…
John Winslow
October 9, 2018Promenade retail building snagged for $6.45 million
Douglas County Property Location: 6360 Promenade Road, Castle Rock Property Description: 11,195-sf, five-tenant retail center, YOC 2017, masonry construction Land Size: 1.22 acres Sales Price: $6.45M, or $576.15 psf Reception No.: 2018053727 Closing Date: 8/30 Grantor: Adam’s Needle (Promenade Castle Rock, Alberta Development, Don Provost) Grantee: 6360 Promenade LLC (Michael W. Evans, mgr.), Castle Rock Financing: Cash…
John Winslow
October 8, 2018Adams County retail center is purchased by local investor for $2.8 million
Adams County Property Location: 7236 Federal Blvd., Denver, “La Conte Center” Property Description: 14,905-sf retail center, YOC 2005; 2,400-sf retail building, YOC 2004, & 1,856-sf fast-food restaurant, YOC 1976; (total of 19,161 sf) Land Size: 2.4 acres Sales Price: $2.8M, or $125.25 psf Reception No.: 74031 2018 Closing Date: 9/11 Grantor: LaConte, J&R Real Estate Administrative Trust (Brian…
John Winslow
October 5, 2018