Clayton Lane sells for $170 million
OliverMcMillan, in a joint venture with Invesco Real Estate, recently paid $169.6 million for the prime Clayton Lane site in Cherry Creek, public records indicate.
Kris Oppermann Stern
February 18, 2016Entertainment center coming to Thornton
An entertainment complex that will include a bowling alley, a two-level laser tag arena, dozens of video games and restaurants on a key parcel in Thornton.
Kris Oppermann Stern
February 15, 2016Point Belleview office/retail asset trades for $6.75 million
An owner who created a great turnaround story for an office/retail building in Aurora sold the property for $6.75 million, or $193 per square foot. Point Belleview, located at 5001 S. Parker Road, is a 34,806-sf, two-story building with excellent visibility along South Parker Road. The developer who completed the project in 2006 lost it…
Kris Oppermann Stern
February 10, 2016The resurgence of urban food markets
Urban food markets are having a moment. Following the August 2013 opening of The Source in River North, this year will see the opening of two new urban food markets – The Central Market at 2669 Larimer St., and Stanley Marketplace at 2501 Dallas St., in Aurora. Additionally, The Source’s marketplace is adding 20,000 square feet of space along with a 7,000-sf roof-deck beer garden and pool, as well as a 100-key connected hotel.
Kris Oppermann Stern
January 30, 2016Diners clamor for more and more restaurant options
Restaurateurs have an appetite for Denver, evidenced by the fact that 235 new restaurants opened in the greater metro area in 2015, according to the Colorado Restaurant Association. In 2014, approximately 300 new restaurants opened. The numbers might seem staggering, but dining trends and our desire to eat out are not only keeping many of these restaurants in business, but also allowing many to flourish.
CREJ
January 30, 2016Front Range retail shines in 2015, into 2016
Wow, 2015 was yet another strong year in the Denver retail market as the state continues to attract retailers from all over the nation. Our well-diversified economy, increase in population, almost record-low unemployment and increases in salaries contribute to the growth of Denver. It is the sixth fastest-growing city in the nation and the second-best city to start a new business, according to Forbes.
CREJ
January 29, 2016Partnership pays $8.04 million for MeadowView Village Center
A southwestern Longmont office/retail property sold to a local partnership for $8.04 million. Meadowview Center LLC paid $144.01 per sf for MeadowView Village Center, a three-building property at 600 S. Airport Road. The center consists of a two-story office/retail building and two single-story buildings with office, medical office and retail tenants, for a total of…
Kris Oppermann Stern
January 29, 2016Fuller brokers sell Ken-Caryl retail center
Dennis Carruth, the master-developer of Ken-Caryl Ranch, recently sold a retail center he developed in the master-planned community. Sageo LLC, headed by Oliver and Ann McBryan of Boulder, paid $3.75 million for the 14,390-square-foot Sagewood III center at 10065-10125 W. San Juan Way, just off Kipling Street, near C-470. The sales price equates to $260.60…
Kris Oppermann Stern
January 29, 2016Private investor buys Woodmen Commons for record $35 million
Woodmen Commons recently traded for $35 million in what is believed to be the highest-priced retail sale to close in Colorado Springs in 2015. A private investor, identified as TKG Woodmen Commons LLC, an entity of The Kroenke Group by public records, purchased the 156,010-square-foot center from Rosenbaum-Dean, which developed Woodmen Commons. Situated at 1706-1790…
Jolene Wollett
January 23, 2016Market Center sells for $9.55M
The Market Center sale is the latest value-add acquisition for DPC Development Co. The Denver-based firm added to its Colorado Springs holdings with the $9.55 million, or $52.80-per-square-foot, purchase of the 180,000-sf center. C-III, a special servicer, sold Market Center, which also included five out-parcels. “We liked the low price per square foot,” said DPC…
Jolene Wollett
January 20, 2016