Marijuana laws haven’t scared employers
Economic development guru Tom Clark was worried that when recreational marijuana could legally be sold in Colorado, it would snuff out the strong economic surge sweeping the Front Range. “We were terrified,” said Clark, the CEO of the Metro Denver Economic Development Corp., a post he will be leaving when he retires in March. Clark…
Kris Oppermann Stern
February 9, 2017
Viewhouse owner acquires Littleton redevelopment site for $1.8 million
Arapahoe County Property Location: 5789 S. Curtice St. & 5788 S. Rapp St., Littleton Property Description: 13,124-sf warehouse, YOC 1901, wood; 3,500-sf retail building, YOC 1957, brick; 2,920-sf warehouse, YOC 1950, wood (total 19,544 sf) Land Size: 38,725 sf Sales Price: $1.8M, or $46.48 psf (land value) Reception No.: D7008125 Grantor: Mason & Associates, Kristine Mason, mbr. Grantee:…
John Winslow
February 7, 2017
Retail conference on tap
A recent front page headline in the Wall Street Journal read: "Mall Owners Rush to Get Out of the Mall Business." The article compared the current state of the mall ownership business to the recent housing crash. Another nationwide report, the 2017 Emerging Trends, from the Urban Land Institute ranked regional malls dead last of…
Kris Oppermann Stern
February 7, 2017
California investor acquires Gander Mountain building for $12.5 million
Douglas County Property Location: 18420 Cottonwood Drive, Parker, “Gander Mountain” Property Description: 57,359-sf discount store, YOC 2015, masonry Land Size: 5.95 acres Sales Price: $12.53M, or $218.48 psf Reception No.: 2017003731 Grantor: GM Parker 785 LLC c/o Guggenheim Inc, Robert F. Strandt, pres. Grantee: Copper Hill Partners Inc. c/o Ahmad Ghaderi, 616-250-4977 Closing Date: 1/18 Comments: This is a…
John Winslow
February 3, 2017
Wendy’s short-term-leased property captures Lyons investor
Jefferson County Property Location: 11550 W. Ken Caryl Ave., Littleton Property Description: 4,230-sf fast-food restaurant, YOC 2004, masonry Land Size: 40,937 sf Sales Price: $1.36M, or $320.33 psf Reception No.: 2017005130 Grantor: Meadows Investors LLC c/o Quiat, Melinda Quiat, mgr. Grantee: 12401 Strickland Rd LLC 376 JJ Kelly Road, Lyons 80540 Closing Date: 12/16/2016 Financing: Cash Comments: See APN:…
John Winslow
February 1, 2017
Rebchook Real Estate Corner brought to you by CREJ
Rebchook Real Estate Corner is a new column by John Rebchook that can be found at CREJ.com. Welcome to my new commercial real estate column at CREJ.com Jon Stern, owner and publisher of CREJ, has given me the opportunity to look under the hood of all aspects of commercial real estate with my column, the Rebchook…
Kris Oppermann Stern
January 31, 2017
Marketplace price triples in one year
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 […]
Jolene Wollett
January 29, 2017
California investor buys three-tenant retail center in Thornton
Adams County Property Location: 3890 E. 104th Ave., Thornton Property Description: 6,729-sf, three-tenant retail building, YOC 1999, masonry Land Size: 40,511 sf Sales Price: $2.72M, or $404.22 psf Reception No.: 2016000114708 Grantor:. 104th Colorado LLC, Fadi Sawaged, mbr. Grantee: The Geri Woolls Living Trust, Geri Woolls, trustee, 714-842-4117 8291 Guilders Drive, Huntington Beach, CA 92647 Closing Date: 12/30 Comments:…
John Winslow
January 26, 2017
Denver investor acquires Lone Tree retail building for $316 per sf
Douglas County Property Location: 9234 Park Meadows Drive, Lone Tree Property Description: 16,311-sf multitenant retail building, YOC 2006 Land Size: 2.5 acres Sales Price: $5.15M, or $315.74 per sf Reception No.: 2017000649 Grantor: Stoneybrook Investments SPE LLC, Kevin McCoy, mgr., & Coot Oil SPE LLC, Gordon Penny, mgr. Grantee: Meadows at Lone Tree LLC (50.789%) & Masbro RLLP…
John Winslow
January 19, 2017
ULI Emerging Trends ranks Denver 11th
Denver didn’t quite make the Top 10 list in the latest Emerging Trends report released by the Urban Land Institute. Instead, Denver ranked No. 11 in the markets to watch in 2017. In the 2016 Emerging Trends report, Denver ranked No. 6. The report — compiled annually by ULI and PwC based on interviews and…
Kris Oppermann Stern
January 18, 2017
