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Real Estate News and Events

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A building in RiNo that was previously home to an art gallery has changed hands.

RiNo Wynkoop Investors LLC purchased the building at 3675 Wynkoop St. on Monday for $3.15 million, according to public records. NBKC Bank provided financing for the deal.

The building is 10,352 square feet across two floors, making the deal worth $304 a square foot. It sits on a 0.28-acre lot that also includes a 14-space parking lot.

The building was previously occupied by Helikon Gallery & Studios, which announced in September 2019 that it would close by the end of that year. The business, opened in 2013, rented studio space and allowed artists to showcase their work.

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Helikon owner Cayce Goldberg’s grandfather built the structure in 1974, according to Westword. The gallery cited high property taxes as a primary reason for its shuttering.

David Nybo and Eva Salas Nybo are members of the LLC that purch..

A small parking garage could soon be replaced with apartments in a section of Cap Hill that’s a hotbed for planned redevelopment.

Englewood-based Palisade Partners wants to erect an eight-story, 110-unit building at 720 N. Grant St., according to a concept plan submitted to the city last week.

Palisade purchased the 0.36-acre lot in 2014 for $700,000, according to public records. Craine Architecture drew up plans for the structure.

Sara White, project manager for Palisade, said the two-story parking garage at the site was previously leased for use by a nearby office building. But when repairs became necessary in recent months, the company opted to just fence it off.

Palisade is eyeing puzzle lifts — mechanical systems that stack multiple cars — to provide about 80 parking spaces for the proposed building.

“They really help park a tight site like 720 Grant,” White said.

White said the company is hopeful it could begin work early next year, although that is dependent on city approv..

The Belmar shopping center, one of Lakewood’s most prominent retail developments, is in foreclosure, Jefferson County documents show.

The center’s failing finances, first reported by 9News on Tuesday, were outlined in a public notice filed by the Jefferson County Public Trustee’s office in late October. The notice showed that the registered property owner, Belmar Commercial Owner LP, owes $108.8 million on an original $111 million loan.

The debt holders on the property have filed the necessary paperwork to force a sale under the terms of the deed, the Oct. 26 trustee’s notice says. A public auction date was set for Feb. 25, according to the public trustee.

Belmar opened in 2004, an open-air shopping district designed to serve as a defacto downtown for Lakewood. It took the place of a defunct retail center, the former Villa Italia mall at the southeast corner of South Wadsworth Boulevard and West Alameda Avenue.

Today, the center’s website says more than 80 local and national compan..

Just a year ago, CJ Paillant lived in a brand new apartment complex in Oakland’s Jack London Square witha rooftop terrace, a game lounge and a pool with a hot tub that he and a friend rented for nearly $5,400 a month.

But Paillant, a product manager for a Silicon Valley software company, lost his job early on in the pandemic. So did his roommate. Together, they now owe $43,804.72 in rent.

“I got stuck in my luxury apartment,” said Paillant, who stayed to avoid a fee for breaking his lease but has since moved to West Oakland. He hopes to negotiate a repayment plan with his former landlords, but Paillant knows he isn’t getting his former life back anytime soon. “Now I’ve got to raise this money. My life feels like a movie.”

More than one in seven California renters were behind on their rent payments at the end of last month, according to Census Bureau surveys. And even with a statewide eviction moratorium and federal and state rental relief, some formerly well-paid renters like Pailla..

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