Mike Mathieson bought it for $2 million and got $8.3 million. The deal will allow the buyer to expand a condo project it has proposed next door.
Commercial Real Estate
Welcome to Business Den, your one-stop destination for all the latest and most important commercial real estate news from Denver. We are proud to offer a comprehensive and up-to-date collection of stories, articles, and insights that cover the Denver commercial real estate market in its entirety.
Subscribe to Business Den today and stay ahead of the curve.
Developer sells Cherry Creek site for quadruple 2020 price
Ace Hardware store in Baker going out of business after 16 years
Store owner Andy Carlson blamed the rising costs and an increase in crime. “In a good year, a top-tier hardware store like this could do 7 percent at the bottom, pre-tax net profit. We’ve been squeezed into below five.”
Tennyson bar Local 46 to close without relocation plans in place
The bar’s corner in the Berkeley neighborhood is set to be redeveloped into a three-story, 90-unit apartment project.
Office building under construction in Cherry Creek fully leased
Broe’s eight-story 200 Clayton building has topped out and is expected to be completed in the first quarter.
Target planning package-sorting facility at former Paulino Gardens site
The retailer leased a new industrial building at 6300 N. Broadway, where the nursery closed in 2019 after about six decades.
Washington D.C. bagel shop dialing up spots in in Cap Hill, Berkeley
President Joe Biden visited a location in Washington, D.C., where the company was founded, shortly after his inauguration.
Apartment developers pay $20M for hotel, Perkins site at I-25, Colorado
The planned complex will have 300 units and be five stories high, much shorter than the nine stories originally proposed.
Centennial builder files for bankruptcy on Parker hotel project
Colorado World Resorts and its owners have a recent history of stalled projects, including a planned condo complex in Avon.
SEC staff allege securities fraud by Watson’s Northstar, receiver says
Brian Watson, who has been in a legal fight with Amazon since 2020, has also filed to divorce his second wife.
Edens closes RiNo land deal; sets stage for residential redevelopment
Construction of 85,000 square feet of retail topped with about 380 units in five- to seven-story buildings could start in the spring.
