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4650 Centerplace

Net-leased retail building in Greeley fetches $3.97M

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

May 1, 2017
1031 Exchange

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

Centennial Good Times trades for nearly $900 per sf

A Centennial single-tenant retail property sold for nearly $900 per square foot – a pretty “standard” price per sf in today’s marketplace, noted Rob Edwards of Pinnacle Real Estate Advisors LLC.

Jolene Wollett

April 29, 2017

Pioneering project coming to Westminster

The city of Westminster and REgeneration Development have executed a letter of intent to partner on the development of the first market-rate, transit-oriented, mixed-use project at Westminster Station.

Jolene Wollett

April 28, 2017
Comp of the Day handshake image

Popular New York Deli Restaurant sells for $1.6 million

Denver County Property Location: 7105 E. Hampden Ave., Denver Property Description: 9,985-sf restaurant, YOC 1970 Land Size: 39,120 sf Sales Price: $1.6M, or $160.24 psf Reception No.: 2017042530 Grantor: BelSky LLC, Victoria Belsky & Albert Belsky, mgrs. Grantee: Danibel LLC, Lawrence Bergstein, mgr., 7105 E. Hampden Ave., 80224 Closing Date: 3/31 Financing: $1.96M payable to KeyBank, NA Comments:…

John Winslow

April 24, 2017
Infinity LoHi

Infinity LoHi opening its doors

Infinity LoHi is the latest luxury apartment community opening its doors in the trendy Lower Highland area. The 273-unit community at 2298 W. 28th Ave. is taking appointment from renters. The first residents can start to move in in May. (ranwhenparked.net) Infinity LoHi is the first apartment community in Denver by Florida-based Richman Signature Properties. “Incredible…

Kris Oppermann Stern

April 21, 2017
Comp of the Day handshake image

3 Margaritas acquires former Cielo Mexican restaurant in Arvada

Adams County Property Location: 5175 W. 68th Ave., Arvada, proposed “3 Margaritas” Property Description: 6,352-sf restaurant, YOC 2007 Land Size: 1.25 acres Sales Price: $1.41M, or $221.98 psf Reception No.: 28109 2017 Grantor: Prime Lake LLC, Todd Hoffman, mgr. Grantee: Franco Brother’s Inc., Rafael Garcia Franco, pres. Closing Date: 3/31 Financing: $705,000 payable to JPMorgan Chase Bank, NA,…

John Winslow

April 20, 2017
Kentwood

Niederman bullish on commercial real estate

There are plenty of shiny, new office towers sprouting along the southeast corridor where Peter Niederman could easily lease 25,000 square feet for his residential real estate firm. So why did Niederman, CEO of Kentwood Real Estate, one of the nation’s most successful residential real estate firms, instead decide to build his own office building,…

Kris Oppermann Stern

April 20, 2017
historic district

Historic district dissent in NW Denver

Historic district dissent. Last week, West Highland neighbors filed a draft application with Denver Community Planning and Development to create another historic district in the Northwest Denver neighborhood. Although the application will likely will be revised to a certain extent, it does not sit well with Kevin O’Connell, a 22-year resident of what could become…

Kris Oppermann Stern

April 18, 2017

Shea Properties brings iconic features to 17th & Curtis

There will be stunning views from Shea Properties’ 28-story apartment building in the middle of downtown Denver, but the most interesting view may be from the street. Passers-by of the high-end apartments on Curtis Street will look up to see people swimming behind a 40-by-9-foot wall of glass at the end of the pool. “This…

Kris Oppermann Stern

April 17, 2017