Pinnacle Real Estate Advisors reports the following deals: Palisades Cypress LLC purchased the 54-unit Broadridge Apartments complex at 6900 S. Bannock St. in Littleton for $10.9 million from 6900 S Bannock LLC. Jeff Johnson and Andrew Monette represented both buyer and seller. Marcus & Millichap reports the following deal: Middleton Properties LLC purchased 42,380 industrial/office… Read more »
The Walnut Street property was purchased by a pair of developers, one local and one from out of state.
LCP Development also plans to renovate the office building at 777 Grant St. when the Denver Housing Authority moves out this summer.
The first residents moved into Balfour at Riverfront Park in 2014.
What does it cost to attach your company’s name to the Denver race? Expect to pay at least $250,000 annually, with a three-year commitment.
The company — the largest of the “iBuyers” — says it doesn’t aim to make money on the resale, but rather on the fee it charges individuals from which it buys homes. Even then, profit margins are slim.
That’s up 76 percent from six years ago, the last time the Thomas Jefferson Apartments sold.
The three-story building is two-thirds vacant after the former owner-user, a law firm, moved to Golden.
The structure at 2124-2134 Larimer St. is home to restaurants Ignite Kitchen + Cocktails and Aloy Modern Thai.
“This is a very unusual situation,” an attorney representing the Western Stock Show Association told BusinessDen.
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