
Toma West paid $30.5 million in 2014 for Park Place. Now, “any buyer would be less than $10m,” according to the company’s president.
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Toma West paid $30.5 million in 2014 for Park Place. Now, “any buyer would be less than $10m,” according to the company’s president.
“The area around 5th and Wadsworth is one of our busiest areas,” a West Metro spokeswoman said.
CommonSpirit Health also bought land from Shea Properties, spending $62 million in all.
“It was a negotiated settlement with CIM,” which loaned $105 million to build the project in 2020, the seller said.
TTEC, formerly TeleTech, operated in the building for more than two decades.
Delwest was awarded tax credits last November. “If it didn’t happen that round, it would never happen,” CEO Joe DelZotto said.
Joy Hill, a spot for drinks and pizza, is part of the ownership group.
A south Florida investor and local developer are teaming up on the project next to a shuttered Regal movie theater.
“Under 20 percent of replacement cost and double-digit cap rates is typically what we are looking for in suburban markets,” said Andy Klein.
Pete Marczyk uses the EGG strategy to try and deter theft, and wants to see more beat cops. “They just don’t have the time.”
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