The new owner wants to either turn the rundown Colfax hotel into micro units or scrape and build something new.
Commercial Real Estate
But the gaudy per-square-foot rent figures don’t come without some extra investment and a bit of risk.
The broker who sold the complex described Sloan’s Lake as, “Becoming the next Wash Park. That sort of revitalization has started taking place already, and still has lots of room to grow.”
A Cherry Creek developer scooped up another lot with plans to add condos next to a recent office development.
With a little lipstick and divine timing, a Denver megachurch doubled its money on a building it never wanted anyway.
After spending more than $200 million on deals in Colorado in 2015, a California-based REIT is gobbling up more real estate.
A Texas real estate firm this week closed on a $6.3 million deal to plug a hole in its RiNo land holdings.
Corum Real Estate plans 12-story, 187,000-square-foot office site on South Syracuse.
Another nine-figure apartment tower is under construction in Union Station.
An Idaho real estate firm has closed its second Denver retail buy of the year.