Rare Old Pearl Street retail property sells to tenant
Denver County Property Location: 1882 S. Pearl St., Denver Property Description: 7,161-sf retail center, YOC 1925 Land Size: 10,937 sf Sales Price: $1.95M, or $272.31 psf Reception No.: 2017055185 Grantor: RMTO LLC, William R. Tobey Jr., mgr. Grantee: Failyau Properties LLC, Phillippe Failyau, mgr. Closing Date: 4/26 Financing: $1.56M payable to MidFirst Bank, due 4-26-2027 Comments: Tenants include…
John Winslow
May 16, 2017
Pinnacle high point for James Mansfield
Pinnacle Real Estate Advisors has been the perfect fit for James Mansfield. “Pinnacle has exceeded my expectations,” Mansfield told me last week. Mansfield, a veteran of big firms such as Cushman & Wakefield, Opus Northwest LLC, Brookfield Office Properties and Grubb & Ellis, initially joined Pinnacle in November 2015. Last month, he was one of…
Kris Oppermann Stern
May 16, 2017
Earth Treks leases space at former Sports Authority headquarters
Earth Treks will occupy the Sports Authority space Aug. 1 and begin improvements, including raising a portion of the existing roof to accommodate climbing walls. A grand opening is planned for 2018.
Jolene Wollett
May 11, 2017
California investor acquires single-tenant building for $3.07M
Arapahoe County Property Location: 5612 S. Parker Road, Aurora Property Description: 4,940-sf retail building, YOC 2016, masonry construction & 25 parking spaces Land Size: 27,769 sf Sales Price: $3.07M, or $620.97 psf Reception No.: D7044799 Grantor: Madison Pioneer Hills LLC, Jim Gallaugher, mgr., 425-889-9500 Grantee: 5612 South Parker Road Associates LLC, Arthur & Pamela Lewis, mgrs., 925-228-7226,…
John Winslow
May 11, 2017
Land market taking center stage at CREJ conferences
Land demand in the Denver area is off the charts. “On activity, it probably is record as far as buyers of land," said Mike Kboudi, a land broker with Cushman & Wakefield. Competition is fierce. "It is really hard to get a good piece of ground,” said Kboudi, who during the past five years has sold…
Kris Oppermann Stern
May 11, 2017
Tenant acquires swinger’s club in Littleton from former Northwoods Inn owner
Douglas County Property Location: 8109 Blakeland Dr., Littleton, “Scarlet Ranch Lodge” Property Description: 7,914-sf restaurant, plus 7,668-sf basement area, YOC 1997, masonry/wood construction Land Size: 3.32 acres Sales Price: $1.68M, or $211.65 psf Reception No.: 2017021972 Grantor: F&P Land Company LLC, Christine Stahl, mgr. Grantee: Harcus Holdings LLC, Kendall Seifert, mgr. Closing Date: 3/31 Financing: $1.58M, @ 7%…
John Winslow
May 8, 2017
Raising Cane’s restaurant plans with four new restaurants
Arapahoe County Property Location: Vic. northwest corner S. Parker Road & E. Arapahoe Road, Centennial Property Description: Vacant land, proposed 3,706-sf “Raising Cane’s Restaurant” Land Size: 66,549 sf Sales Price: $2.06M, or $30.95 psf Reception No.: D7042297 Grantor: Arapark LLC c/o Kelmore Development, Bob Kountz, 303-779-1800 Grantee: National Retail Properties LP, Orlando, FL, Chris P. Tessitore, EVP…
John Winslow
May 5, 2017
CU wins 15th annual Rocky Mountain Real Estate Challenge
(https://cozumelparks.com)
Kris Oppermann Stern
May 4, 2017
Paid parking no ploy to redevelop Cherry Creek Shopping Center
Ever since I broke the story last July that the Cherry Creek Shopping Center would begin charging for parking in 2017, shoppers and many tenants in Denver’s premier mall have been, shall we say, upset. Last month, an ipetitions.com site was launched to try to convince Cherry Creek to once again provide free parking, as…
Kris Oppermann Stern
May 4, 2017
1031 exchanges may be axed by Trump’s tax plan
Riki Hashimoto’s phone was ringing off the hook late last week. Anxious investors had one question for the commercial real estate broker after President Donald Trump released his still skeletal outline for tax reform last Wednesday: “Are 1031 exchanges going away?” While a lot of media ink was devoted to things like the proposed 15…
Kris Oppermann Stern
May 1, 2017
