Pair of retail properties on Tennyson Street yield $3.33 million
6.1.18 Denver Retail Brokers, Denver Retail Building for Sale, Tennyson Street Retail Sale DenverProperty Location: 3936 Tennyson St., Denver, “former Landmark Theatre” Property Description: 4,781-sf retail building, YOC 1923, brick Land Size: 6,332 sf Sales Price: $1.6M, or $334.66 psf Reception No.: 2018049729 Closing Date: 4/27 Grantor: Chase ...
Pinnacle Real Estate Negotiates $7.4M Sale of Multifamily Building in Denver
6.1.18 Denver Apartment Building For Sale, Kevin Calame, Multifamily Investment Properties DenverPinnacle Real Estate Advisors has arranged the sale of The Hanford House, a multifamily property located at 809 Dexter St. in Denver. RGD Properties sold the property to an undisclosed buyer for $7.4 million, or $330 per square foot. The building features ...
Developer plans to demo small Golden Triangle office; replace it with 65K SF of office
5.30.18 955 Bannock, Golden Triangle Development, Office Development Golden TriangleA new office building is on tap for a part of town booming with new apartment towers and cranes. Denver-based Alpine Investments expects to close on the purchase of 955 Bannock St. in the Golden Triangle with plans for a 10-story structure. Managing principal ...
Turn-of-the-century apartment building sells for $8.2 million
5.23.18 Apartment Investors Denver, Calame Lewallen Team, Denver Apartment Building Sale, Multifamily Brokers DenverThis sale was handled by Kevin Calame of Pinnacle Real Estate Advisors LLC. Studio units rent for $1,115/mo., or $2.63 psf, while one-bedroom units containing 502 sf rent for $1,265, or $2.52 psf. There are 13 studios, 25 one-bedroom units and seven ...
Apartment Market Weathers the Storm of New Supply
5.22.18 Apartments For Sale Denver, Denver Apartment Investing, Multifamily Investing DenverApartment landlords can no longer raise rents like they used to. So many new apartment units are opening that the percentage that vacancy is inching higher across the country. This year “will likely remain challenging for many landlords and apartment ...
Colorado unemployment rate dips below 3 percent
5.21.18 Colorado Department of Labor and Employment, Colorado Unemployment RateColorado’s unemployment rate slipped to 2.9 percent in April, breaking a seven-month run at 3 percent, according to a monthly update from the Colorado Department of Labor and Employment. Click Here to Read More – The Denver Post