
The buyer wasn’t able to wait to see if a proposed rezoning is approved.
The buyer wasn’t able to wait to see if a proposed rezoning is approved.
“Under 20 percent of replacement cost and double-digit cap rates is typically what we are looking for in suburban markets,” said Andy Klein.
The head of the Burnham Law Firm bought a building in Centennial, then learned it was smaller than advertised. He blames other lawyers.
A receiver was appointed to oversee the building last month.
Kodiac’s space in Centennial is being marketed for sublease.
Cascades will be the sixth building in the southern suburbs to enter receivership in the past year.
The Office Social Club, which claimed it was “the largest adult-themed venue in the state,” no longer operates at 6886 S. Yosemite St.
Boston-based Starry came to Denver in 2019.
Centennial apartments fetch $115 million, a gym leases at Stanley Marketplace, and Cap Hill retail space sells for $3.6 million.
“I had to create the whole layout since … architects weren’t really clear on the vision,” said co-owner Jimmy Bemis.
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