DENVER-It's a seller's market in Denver, with a 30-unit complex bringing in nearly $1.3 million from a pair of investors. The property carries an $831,000 appraisal value, according to GlobeSt.com research
BRECKENRIDGE, CO-An unidentified Texan lays out more than $300,000 for a modified time-share deal that guarantees him double the days, including the weeks before and after Christmas. His purchase has put sales at $4.5 million on the first day the marketing office opened for Hyatt Main Street Station, situated in the heart of a popular ski village.
WESTMINSTER, CO-A CA-based development company will construct a $150 million office and light industrial park in Westminster, which counts among its neighbors the former Lucent Technologies R&D Park. The park, when completed, could deliver as much as 1.5 million sf.
LONGMONT, CO.-Borders Books will build a 24,895-sf store on a parcel that has cost close to $7.7 million in this bustling Boulder bedroom community. The deal is part of an aggressive strategy to tap into the metro's northern suburbs, says a local broker.
LOUISVILLE, CO-The Etkin Johnson Group, one of Denver's most aggressive developers, is prepping to deliver two office/flex buildings in the Colorado Technology Center, situated within a six-minute drive from Boulder and 15 minutes from Denver. The buildings have a combined value of more than $15 million.
AVON, CO-A small town, 12 miles west of Vail, is getting its first virtual office. It's goal is to serve as an "office away from the office" for travelers to the posh ski resorts.
COLORADO SPRINGS, CO.-Trammell Crow sees gold in the Colorado hills, but it's not precious metal. The developer is planning a 217-acre retail and entertainment district comparable to its Alamo Quarry in San Antonio.
DENVER-A telecommunications company has signed for 89,895 sf of office space in a 10-year pact that's valued at $24 million, says the broker. The firm will be officing at Crescent V, one of the newest buildings in the Denver Technological Center.
ENGLEWOOD, CO-The site of the 1.3 million-sf Cinderella City, razed two years ago, is awakening as a Sleeping Beauty for developers proposing an 800,000-sf redevelopment. Ground breaks in October under the supervision of Miller Weingarten Realty, a partnership of Weingarten Realty Investors of Houston and Miller Development of Denver.
DENVER-The 1,000-acre Majestic Commercenter adds two tenants to its growing roster. Quantum's 21,000-sf lease represents one of the largest industrial deals so far this year in the Denver market.