Homebuilder leases 10k sq. ft., Denver buys land for income-restricted apartments and more sales and leases.
Commercial Real Estate
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The Pipeline: Commercial real estate deals for 6.28.24
Steve Leonard, real estate investor who profited after 1980s oil crash, dies at 69
He moved from California to Denver in 1989, then cashed out and returned within a decade. “Trees don’t grow to the sky,” he told the WSJ.
Arapahoe Square landmark building sells for $2.6M
Once home to a chocolate factory, it had been most recently used as a rehab center.
Year after $9M deal, Denver hotel bought for the homeless sits boarded up
City officials are unable to provide a timeline for occupancy of the furnished hotel.
DTC office building sells at a loss to Koelbel for $26M
The building, which is 80 percent leased, last sold in 2016.
Local firm defaults on $120M loan for massive suburban office park
Move over, Wells Fargo Center. The region’s largest distressed office property is in Lakewood.
Seven-story hotel proposed near Denver Health
Several individuals involved are also linked to another recent hotel proposal nearby.
Defunct Aurora solar firm leaves a Brighton family ‘stuck in this abyss’
On a scorching Saturday afternoon, Josefina Lemus sat in her duplex in Brighton and tried to find the words to describe the heartache and frustration of these past two years. “No sé qué decir,” Lemus, 61, said eventually, shaking her head and wiping away tears. “She says, ‘I don’t know what to say,’” her daughter,… Read more »
The Pipeline: Commercial real estate deals for 6.21.24
Warehouse in Elyria-Swansea swaps owners, an office building in Cole sells for $2 million, and more sales and leases.
Hotel near DIA in foreclosure after $5M loan default
The owner of the Ramada purchased it for $3.1 million in 2001.
