A right of first refusal really paid off. The developer purchased 198 parking spaces from the city for $6 million and sold them for $14.9 million.
Nichols flips Cherry Creek garage spaces for huge gain
Thomas Gounley
Thomas covers commercial real estate and development. He is a graduate of the University of New Hampshire and previously worked as a business reporter at the Springfield News-Leader. Email him at [email protected].
Developer plans to build apartments in RiNo instead of hospitality project
“There’s a lot of uncertainty with capital markets for hospitality because of COVID,” said Andrew Katz, who wants to put up a 12-story building with 95 units.
14-story Denver Tech Center office building sells for $47M
The deal for the 273,963-square-foot Stanford Place I is worth about $172 a square foot. The sellers paid $43 million for it in 2016.
Fund manager Tysdal pleads guilty to criminal counts of securities fraud
Alleged victims of his Ponzi scheme include former NFL quarterbacks Matt Cassel and Carson Palmer, who each invested millions of dollars.
Undeveloped full city block in Jefferson Park sells for $32M
A developer had planned a 15-story multifamily building with 530 units on the former site of La Loma restaurant. The new owner also develops apartments.
Beacon buys office building on Platte Street for $60M
The Boston-based real estate firm paid $625 per square foot for the four-story, 96,000-square-foot building, which houses Xero and WeWork.
Holland plans second apartment complex along Santa Fe in Lincoln Park
A former tortilla factory would be among the buildings that would be demolished to make way for two five-story buildings with a combined 225 units.
New office, residential buildings on tap for Diamond Hill in Jefferson Park
Confluent plans to build a 451-unit multifamily building, a 569-unit multifamily building and a pair of connected office buildings with 411,187 square feet.
Ken Wolf sues RiNo landlord Edens to extend lease for pool hall
The developer, who sold his real estate holdings to the firm and became a tenant, has also filed lawsuits to extend leases for Sushi-Rama and Il Posto.
My Brother’s Bar owner pays $2M for Mercury Cafe
Marilyn Megenity, who opened the artsy restaurant in 1975, demanded that buyers “keep it the same.” Danny Newman plans to do just that.
