Despite the 57 percent price drop to $41.5 million, it was the priciest local hotel sale since the pandemic began.
DTC hotel sells for less than half of what owner paid in 2016
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].
Apartment developer buys Baker site of pharmaceutical plant for $26M
A seven-story, 359-unit complex is planned for the 5.18-acre lot. Upsher-Smith Laboratories is laying off its 174 local employees.
Plaintiffs say Shotgun Willie’s bankruptcy filing is a naked attempt to avoid paying
“The truth is that the debtor is a profitable company that will likely recover quickly from the pandemic,” argued a family who filed a wrongful death suit.
300 apartments planned as site by Globeville rail station sells for $16M
The sellers, Denver-based Brue Baukol Capital Partners and LCP Development, bought the 3.9 acre property in 2016 for $12.7 million.
Commission backs landmark status for Denver7 building against station’s wishes
“With this application, we feel trapped,” said the station’s GM, who wants to sell the property to a developer and relocate to a bigger facility.
Industrial buildings and lot near RiNo rail station sell for $11M
Tributary Real Estate partner Bill Parkhill described the buy on Monday as “the final land purchase in the Giambrocco master plan.”
Greystar buys Union Station apartment project plans from local developer
Pando Holdings sold a 0.37-acre lot and its already approved plans for a 13-story, 198-unit building for $12 million. It paid $6.25 million for the lot in 2019.
Atlanta developer proposes seven-story apartment complex in Sun Valley
The 213-unit project would be built a short walk from Mile High Stadium, behind sports bar The Original Brooklyn’s.
Westfield closes on $31M purchase of Denver Mart real estate
The developer will demolish the existing structures on 30 acres and build several massive industrial buildings, according to plans submitted to Adams County.
Realtor planning hot pink makeover pays $1.9M for Broadway building
“When this building came up, I kind of freaked out about the price. But I also knew that being on Broadway, it was just a dream for me,” said Vivi Gloriod.
