Labor shortage on tap for CREW panel discussion
The construction labor shortage crisis along the Front Range is poised to get worse. Commercial real estate industry officials anticipate needing about 50,000 more qualified people in the trades during the next year. “That’s pretty significant,” said Karla Nugent, chief business development officer at the Weifield Group. Construction workers last year are shown working on…
Kris Oppermann Stern
July 12, 2017Blair works outside the box at Continuum
Donna Blair, the recently appointed chief operating officer of Continuum Partners, has a history with the Denver-based company that developed such high-profile development as Belmar years before she joined the company. “I’ve been dancing with the company for one way or the other for close to 20 years,” said Blair of Continuum, which also is tackling…
Kris Oppermann Stern
July 5, 2017Developers view Oneida as neighborhood gathering spot
Oneida Park, a 29,615-square foot retail center spanning both sides of Oneida Street between 22nd and 23rd avenues in Denver’s Park Hill neighborhood, will receive a $10 million redevelopment to transform the center into a walkable urban center.
Jolene Wollett
July 4, 2017Stapleton area retail center sells for $9.87 million
Construction wrapped earlier this year on the Northfield Shopping Center.
Jolene Wollett
July 1, 2017NHL goaltender Scrivens snags Littleton investment for $6.2 million
Arapahoe County Property Location: 161 W. County Line Road, Littleton, “Goodwill & Dollar Tree” Property Description: 42,416-sf retail building, YOC 1984, brick construction Land Size: 4.32 acres Sales Price: $6.2M, or $146.17 psf Reception No.: D7062749 Grantor: Dusbabek Farms LLC, Peter S. Dusbabek, mgr. Grantee: W5 Realty LP Alberta Canada, Wayne Scrivens, mgr., & J&B Colorado…
John Winslow
June 28, 2017Motel/retail property in downtown Castle Rock trades for $1.1 million
Douglas County Property Location: 807 N. Wilcox St., Castle Rock Property Description: 2,381-sf motel with 10 furnished rooms & 1,732-sf nursery/greenhouse, YOC 1996, 1,642 sf retail space (total of 5,755 sf) Land Size: 0.42 Sales Price: $1.1M, or $191.14 psf Reception No.: 2017031497 Grantor: Castle Pines Motel LLC, Laurence Michele Blanc, mgr. Grantee: Barnzillare LLC, Joel Gittleman,…
John Winslow
June 26, 2017Hirschfeld, Nichols selected for Sakura Square
Sakura Square LLC and Tri-State/Denver Buddhist Temple have chosen the Nichols Partnership/Barry Hirschfeld Jr. team as their preferred developer for the redevelopment of Sakura Square and the temple in downtown Denver. Sakura Square covers one square block bordered by Larimer, Lawrence, 19th and 20th streets. “We are excited to enter into this next phase of…
CREJ
June 20, 2017Westlake Retail Center sells on in-place cap rate of 12.05 percent
Broomfield County Property Location: 12920 Lowell Blvd., Broomfield Property Description: 11,288-sf retail building, YOC 1987, masonry Land Size: 1.57 acres Sales Price: $2M, or $177.18 psf Grantor: INSAF LLC, Fadi Sawaged, mgr. Grantee: JNT LLC, Jaeyoung Nam, mgr., 1702 8th Ave., Greeley 80631 Closing Date: 5/31 Financing: $1.35M payable to Westlake Payment LLC @ 8% (OWC) Comments: Listed…
John Winslow
June 20, 2017Retail portion of The Landmark sells for $33.2 million
The sale of the majority of The Landmark’s retail space (Comedy Works owns its space) included a vacant pad with signage rights and Interstate 25 frontage that can accommodate up to 10,000 sf.
Jolene Wollett
June 19, 2017Planet Fitness to activate 19,200 square feet on 16th Street Mall
Planet Fitness will activate the redeveloped space above downtown Denver’s Walgreens store. The 19,200-square-foot space on the 16th Street Mall will be Planet Fitness’ first downtown location. It will be operated by a franchise group that owns other Planet Fitness facilities in the Denver area. The use for the space at 815 16th St. is…
Kris Oppermann Stern
June 19, 2017