A joint venture of East West Partners, Aspen Skiing Co., and an affiliate of KSL Capital Partners, LLC has closed on the acquisition of the Snowmass base village project from Snowmass Acquisition Co., an affiliate of the Related Cos.. The purchase includes all remaining development parcels and commercial spaces in base village, the Snowmass Hospitality…

Arapahoe County Property Location: North side of E. Arapahoe Road, southwest corner E. Peakview Ave. & E. Euclid Drive, 12351 E. Arapahoe Road, Centennial Property Description: Vacant land, proposed 12,600-sf Auto Finders Facility Land Size: 4.5 acres Sales Price: $1.08M, or $5.50 psf Reception No.: D6144185 Closing Date: 12/9 Grantor: Concorde Place by: James Blair Properties Inc., 303-805-9839, Ron…

Adams County Property Location: 1287 S. Eighthth Ave., Brighton, “Solaire Apartments” Property Description: 252-unit apartment complex, 11 buildings plus clubhouse,  YOC 2014, 284 covered parking spaces, 95 detached parking garages, 369 open spaces, total net rentable area of 253,116 sf Land Size: 16.38 acres Sales Price: $57.5M, or $228,175/unit, or $227.17/sf Reception No.: 2016097834 Closing Date: 11/10 Grantor:…

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 […]

Writer Square has changed hands for $95.28 million, becoming one of a handful of downtown Denver assets to trade for more than $500 per square foot. Unico Properties sold the office/retail property, located at Larimer Street and the Sixteenth Street mall, to GKT Writer Square LLC, a Kroenke Group affiliate. Unico and LaSalle Investment Management…

The Denver retail market absorbed 2.3 million square feet year to date, according to Transwestern's latest reports on the retail, office, industrial and flex markets. The retail vacancy rate decreased, as did the average asking rate.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]

Denver County Property Location: East side of Central Park Blvd., 350’ south of E. 50th Ave.; also fronts west side of Beeler St. (4970 Central Park Blvd.), Denver Property Description: Vacant retail land, proposed 10,078-sf tire center Land Size: 37,456 sf Sales Price: $1.1M, or $29.37 psf Reception No.: 2016157337 Closing Date: 11/9 Grantor: Drake Stapleton Partners Fours…

Douglas County Property Location: 4250 Trail Boss Drive, Castle Rock, “Merryhill Preschool” Property Description: 11,750-sf day care center, YOC 2005, masonry/stucco Land Size: 1.21 acres Sales Price: $3M, or $255.32 psf Reception No.: 2016084255 Closing Date: 11/21 Grantor: Carlyle Holdings LLC, Paul M. Rivera, mgr., 720-938-5626 Grantee: Advantage III Inc., Dr. Scott Kailash Dhupar, 970-353-5959, (50%) & SHRI Devi…

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 […]

Arnie Meranski has had a relationship with the Iliff Crossing Shopping Center in Aurora that dates back to the early 1990s. “I bought it three times and sold it once,” said Meranski, founder and head of Western Centers. Confusing? Not really. That is because in each transaction, the common denominator was Meranski himself. “The Iliff…