Real Estate Blog

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..

Habitat for Humanity of Metro Denver is looking to sell its headquarters building in the city’s Highland neighborhood and expects the eventual buyer to redevelop the site.

The local affiliate of the Georgia-based nonprofit, which builds homes using volunteer labor, put its property at 3245 Eliot St. on the market this week. The asking price is $6.8 million, more than five times what Habitat for Humanity paid a decade ago.

The building, which dates to 1955, is 17,070 square feet across two stories. The remainder of the roughly 1-acre corner lot is an 86-spot parking lot. CBRE brokers Monica Wiley and Jeff Wood have the listing.

“The office space isn’t meeting our staff needs anymore, and there are a number of ongoing maintenance issues in the aging building,” Metro Denver Habitat CEO Heather Lafferty said in a statement released by CBRE. “Looking ahead, we have a desire for more flexible and dynamic work space to better accommodate our staff, volunteer and community members’ needs.”
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Colorado Rockies co-owner Dick Monfort’s McGregor Square development next door to Coors Field has dealt with COVID-19 delays, a lost shipping container and now angry Rockies fans.

The late-January trade of superstar third baseman and face of the franchise Nolan Arenado ratcheted up fan scrutiny on the owner’s involvement in the three-building project south of the ballpark.

After consecutive losing seasons, the club shipped Arenado and $50 million to the St. Louis Cardinals for left-handed pitcher Austin Gomber and a quartet of prospects this offseason. After being in the top half of Major League Baseball teams for payroll at the end of 2019 season, according to Sportrac, the Rockies are now projected to open the 2021 season in April with the 18th highest payroll, dropping below league average.

The move has sparked outcry from the team’s fanbase, including vows on social media to boycott home games in 2021 and accusations that Monfort is too financially and mentally invested in his r..

The former CFO of CBS has listed his Cherry Creek mansion for $5.1 million.

Fredric G. Reynolds and his wife Lundy purchased the property at 480 Cook St. under the Reynolds Family Trust in 2016 for $4.33 million, according to property records.

The 10,116-square-foot mansion was built in 2002 and recently renovated by Paul Kobey of Denver-based Kobey Development. It features four bedrooms and six bathrooms.

Provided by CompassThe mansion has a gourmet kitchen.Reynolds was executive vice president of CBS and its predecessor companies, Westinghouse Electric Corp. and Viacom, for more than a decade, retiring in 2009. He also served as president of Viacom Television Stations Group from 2001 to 2005, according to a company bio.

Prior to CBS, Reynolds worked in various positions for PepsiCo for 12 years. He currently sits on the board of directors of multiple companies, including Pinterest and Mondelēz International (formerly Kraft Foods).

The Reynolds also have a nonprofit called the Fr..

A Sprouts Farmers Market is on track to open in Green Valley Ranch later this year, bringing another option to the far northeast Denver neighborhood that has long been light on grocers.

Developer Evergreen Devco announced Friday that it expects construction to begin in March on the 23,300-square-foot store at the intersection of East 56th Avenue and Tower Road.

The store, from the Arizona-based grocery chain specializing in fresh produce and organic and natural foods, will anchor a shopping center that is expected to eventually host eight buildings. The plans include a multi-storefront “shops” project that is expected to get underway in April, according to Evergreen.

The developer closed on the roughly 8.5-acre plot of land in December after finishing work on an adjacent 324-unit apartment project last year. The retailer is designed to complement that and serve the broader far northeast Denver area, said Tyler Carlson, Evergreen’s managing principal based in Denver.

Courtesy of Ev..

When Kassi Horton’s husband, Army Staff Sgt. Shaun Horton, received a cross-country change in assignment in the midst of a pandemic, she knew their homebuying process would be atypical.

Kassi Horton, 27, and her husband, 28, had been living in a rental in upstate New York and felt it was time to purchase their first home in their new location, Colorado Springs, Colorado. But they didn’t want to deal with the health risks and quarantine rules involved with flying back and forth to look at properties. And they didn’t have the luxury of travel time anyway: The housing market in Colorado Springs, like many cities across America, is currently white-hot, with homes selling hours after hitting the market, often at 20% above the asking price.

So they jumped on an increasingly popular bandwagon for first-time buyers and made an offer on a home they had never seen in person. Eight more offers followed. For the Hortons, the ninth time was the charm, and in late January they moved into a new thr..

The line stretched for blocks — manned by cops in reflective vests and corralled by orange cones — each vehicle carrying hungry customers hoping to sample a Double-Double with Animal Fries from In-N-Out’s newest Colorado location, which opened Monday.

Across the street, a steady stream of motorists encircled a Chick-fil-A, in a double-lane drive-thru to snag the Georgia-based restaurant’s fried chicken sandwiches and waffle potato fries.

“We like both,” said Joe Gonzales of Littleton, who with his wife waited 20 minutes this week to get cheeseburgers and fries from the In-N-Out drive-thru while the Chick-fil-A also did a brisk business.

Thus the stage is set in Denver’s south suburbs for a battle royale between two favorites of the fast-food fanatics, each of which regularly deploys a team of workers to take orders and process payment right from customers’ car windows.

But it could also spell traffic management problems for this fast-growing city, and the age-old problem of busines..