Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Winter
2007
THE ART
OF THE
DEAL
VOLUME 2 ISSUE 1
Quote of the Quarter
“ It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my
standpoint, and I just love real estate.”
-Donald Trump
CONTENTS
WHATS UP AT DMCAR 2
DEALMAKERS 6
WHAT’S UP AT DMCAR
DMCAR accrued $4090.88 in CARHOF funds available for Zoning Code Task Force- completed survey which showed
the August 1, 2006 deadline. Colorado Association of REAL- conflicts with Blueprint Denver and some of the neighbor-
TORS® Housing Opportunity Foundation (CARHOF). CARHOF hood organizations.
Chair Marcia Mueller provided a report and recommendation
to fund Warren Village in the amount of $1600 from CARHOF Boulder Annexation- annexing properties greater than 5
funds. Upon approval of this recommendation, the rollover bal- acres.
ance to the next funding cycle (March 2007) will be $890.88.
CARHOF collects interest on real estate trust accounts and Centennial- de-Brucing.
contributions from REALTORS® and affiliates. Funds are do-
nated to organizations that provide housing and related ser- The Directors approved the 2006-07 DMCAR operating bud-
vices for moderate to low-income Coloradoans. 70% of the get as presented by Treasurer Eric Gold.
revenue collected goes back to the community from which
it was generated, and each local association of REALTORS® Approved concepts for Affiliate member sponsorship pro-
determines which organizations to fund in their community. grams to be announced to members and Affiliates once all
To participate in this program and allow your earnest money details have been finalized.
accounts to earn interest for CARHOF, please see more info
on www.carhof.com. Elected John Propp and Jeff Kirkendall for three-year terms on
the Board of Directors of the Colorado Association of REAL-
The Board of Directors ratified the results of the DMCAR TORS®, representing DMCAR.
election. Elected for three-year terms beginning 10/1/06 are:
Mary Beth Jenkins, Joe Massie, Eric Nesbitt, Jim Wonhof.
Congratulations!
The DMCAR Board of Directors elected its officers for 2006- Weʼve got a place
07. We are proud to present the following results: to list your space
President: Natasha Felten, Colorado Commercial Companies
President-Elect: JR Bitzer, Bitzer Real Estate Partners Advertising in the Denver Business Journal
Treasurer: Eric Gold, Sheldon-Gold Realty Commercial Real Estate Section
Secretary: Marcia Mueller, Frederick Ross Co.
will get your space leased or sold in a hurry!
The Directors received a report on the following governmental
Call Stephanie Antonio for
affairs:
Advertising information
Demolition review ordinance- going two directions (set up at 303.837.3536 or email
certification to designate property as non-historic; and return santonio@bizjournals.com
to Landmark Preservation to identify historic properties).
WINTER 2007 3
HOT TOPICS
It’s amazing how often we are in a negotiation and forget to use basic negotiating
principles. We negotiate everyday all day long and quite often we do so by giving up.
In a real estate situation you would think that the participants would be on cue who owned an office supply and stationery
to use all their negotiating skills. However, I find most of the people only think company and was losing his lease. He and
that negotiating has to do with price and do not realize that every word spoken his father had been on the same street as my
as part of putting a deal together is part of the negotiation. property for forty years with the same busi-
Here is a real life situation where I had to negotiate a “paper”transaction. ness and since they were to move, it would
In this case my negotiating skills were of the utmost importance in that I had be perfect to move down the block. (Isn’t
blown it on the math. it amazing how things come together when
Situation: In the early 1970’s I owned a one story office building at in they are suppose to.)
downtown Los Angeles. (Don’t tell me about how rich I would be if I owned He said the only thing to overcome was
that land today. I’m sure it’s underneath a black glass office tower and no, I that his client was looking for a new place to
didn’t keep the property for more than a year. At that point and time in life I was rent not to buy. However, if the payments
so interested in making quick profits that I thought long term was six months. could be kept extremely low, somewhat in
But that’s a whole other article.) line with the rent he was currently paying, at
I needed to sell the building I had obtained in a very complex exchange. I least initially, he might be willing to pop for
had a buyer for a note and not a buyer for the office building. If I could get the enough money to cover the down payment.
building sold I could cash out of the note. In my euphoria I drafted a quick offer for
At an L.A. exchange meeting I presented my property. I told them that I him to take to his client. Since this was the
was opened to any creative ideas but a sale with a down payment big enough first offer between us, I priced the building at
to pay any commission due was all I really needed. my full asking price. I asked for only enough
I had planned to attend eight exchange meetings in a row, one each day, cash to cover closing cost for the down pay-
until I solved my real estate problem. This was the second meeting I had gone ment, asked for a normal market interest rate,
to and I wasn’t really expecting an instant solution. but I said I would carry back a wraparound
A local broker approached me after my presentation. There was a man and stated the amount of the payments. I
did not have a financial calculator and took a out of debt in absolutely no time what so ever. (I quoted him the years). If you
wild guess at what the payments should be double the payment you will have the thing paid off in 25 years. At the rate you
to amortize the loan. are paying on now, WHO KNOWS how long it will take to get the thing paid off.
Low and behold, the contract came back I know you have the desire but would you be in the position to pay more per
signed. It was exactly how I had written it month?”
without a single change! When I got back He asked me to review the three proposed schedules again. I again avoided
to my room I got out my financial calculator telling him that there would be no payoff ever, ever, ever with the last choice.
and started figuring out the amortization pe- I knew if he decided to stick with what was in the contract I would have to
riod. The calculator kept refusing to give me expose that fact I had messed up on the math and go through trying to restruc-
an answer. ture the deal all over again. Hopefully, I could appeal to his desire to have the
Finally I got a pad and pencil and took property free and clear rather than to having to dwell on my mistake.
the interest rate times the debt to see how He thought for awhile and said he would call me right back. He called back
much was necessary to service the annual and picked a number that was slightly more than the doubling the payment we
interest rate. I took the monthly payments I had agreed upon. I was flabbergasted, but I had managed to hit right on the
had offered to accept and multiplied them by mark. He knew how long he could be comfortable in paying for such a building
12 and compared the two. Whala! I found and did not want the interest to accumulate for such a long period of time.
out my problem. I quoted him a monthly This of course is another example of a trade out. I pointed out to him the
payment amount that was LESS THAN benefit of paying his loan off early, the trade out was a reduction in exchange
INTEREST. for the benefit I was receiving of a higher payment. And, saying this in terms
Now you can do this if you have some- of benefits to the other party rather than calling up and saying I’m not going to
body pay less than interest with the rest of close with you unless you pay me more, got the job done.
interest adds to principal and the note keeps While we are on this same story let me give you another example of the
getting bigger and bigger and bigger. How- difference between keeping your negotiating lessons in your every day memo-
ever most of these situations, at some point ry rather than assuming this is a subject that could be filed away forever.
and time, call for the payments to increase About two months latter I had closed the sale of the property to the sta-
so that the note doesn’t explode! tionery office product store owner. I had a wraparound mortgage (actually in
Well I had designed an exploding note. California it is called an All Inclusive Trust Deed).
My heart sunk with the thought of the explo- I had contacted a note broker who was going to cash me out of the note.
sion. How was I going to go back to this man On Friday afternoon he said that he had a doctor who was going to buy the
and get him to pay far more per month than note and he would confirm the transaction over golf this weekend. He said we
what he had initially agreed to. should be able to start the paper work for closing on Monday.
I got out my calculator and checked out I was in the process of building a 48 unit apartment complex in Indepen-
all the possibilities. To get a 25 year fully am- dence Missouri and was out of money. I wanted to get that note cashed out
ortized schedule he had to double his pay- as fast as possible. I hopped on a plane on Sunday morning and when the note
ments. broker came to his office Monday morning I was sitting on my suitcase.
I got out my calculator and figured out That’s when he told me the great news. The doctor had changed his mind.
several possibilities. I waited till the next day I felt like someone had kicked me in the stomach. I really needed that cash to
to give him a call. I wanted him to have more cover the payroll for the last of the construction of the apartment complex. And
time to tell 3 or 4 more people that he was I needed it now.
buying his own office building in downtown The offer I was getting gave me about $.75 on the dollar for the equity in
L.A. Then I gave him the call. “Hello Mr.. the wraparound. I had talked to one other person who offered me $.50 on the
Buyer, this is Barney Zick, the man who is dollar but that seemed like throwing out the baby with the bath water. Most all
selling you your new store and corporate my profit would be lost. I said a little a prayer that went something like this.
headquarters. “Sir, I can’t believe you let me get this far only to give up the majority
I wanted to go over the details of the of my profit because someone has changed their mind, what can I do with
contract and see if there is any way to make note?”
it better for you. If I am able to give you ev- I got an answer back. Really. I don’t get answers very often when I look up
erything that we have agreed to and it looks in the skies and ask the chief real estate investment consultant of the universe
like everything you wanted. However, I am for help, but this time he really whispered in my ears, “Don’t be a dummy, call
concerned with the financing we have in the guy whose making payments on the note. Remember he’s the one who
here.” didn’t like being in debt.”
He in a non-emotional voice asked how I ran to a pay phone on the side of the highway there in Santa Barbara. I
so. “Well, most people like to get out of debt plunked in my coins and called Los Angeles and asked the owner of the statio-
as quickly as possible--are you one of those nery story if he would like to get out of debt in a hurry.
people?” He asked me what I had in mind. I told him that I was thinking about sell-
“Yes I am, I don’t like borrowing money, that ing the note that he owed me to somebody else and thought I would give him
is the reason I hesitated signing to buy this the courtesy of letting him have the opportunity to pay off the note instead.
place” said the potential buyer. He replied, “It just happens that a man paid off a trust deed owed to me
“I agree with you and I was looking at last night. I got a lot cash in my checking account and would be interested in
your monthly payments here. I did some cal- doing something smart with it. It seems the smart thing to do is pay down my
culations and if you will triple the amount that debt. However, I wouldn’t be willing to prepay the note unless you give me
you are paying on monthly basis you will be some kind of discount. What are you offering?”
Cont’d on page 10
WINTER 2007 5
DEALMAKERS
RETAIL LEASE
• Michael Ledger/Trish Herick, KEW Realty • Gene Stone/Steve Sebern, Antonoff & Co. • Jeffrey Hirschfeld/Eli Boymel, Antonoff &
Corporation; Co op Jennifer West, David Hicks Brokerage, Inc., Co-op Gabrielle Marshall, Co. Brokerage, Inc.; Jamie Endres, E Realty
Brokerage. 8811 Harlan Street, Westminster, CO. Dardano & Associates; 2600 East Street, Golden, Companies. 216 16th Street Mall, Denver, CO
Tenant – Western Club Venture.12,327 sq. ft. CO – Tenant, Tri Vi Nguy, 1,365 sq. ft. – Tenant - Superior Coffee and Smoothies, LLC.
1,165 sq. ft.
• Jerry Meer/Sheryl McQuilliams, Coldwell • Jeffrey Hirschfeld/Eli Boymel, Antonoff & Co.
Banker Commercial R.E.S.I.; 6785 W. 120th Brokerage, Inc.; 1533 Market Street, Denver, CO • Jerry Meer/Sheryl McQuilliams, Coldwell
Avenue, Broomfield, CO 80021. Tenant – Lionheart – Tenant, Sarvestani Enterprise, LLC, 2,400 sq. ft. Banker Commercial R.E.S.I.; 2350 S. Chambers
Cleaners. 2,088 sq. ft. Rd., Unit C, Aurora, CO Tenant – Monnam
• Gene Stone/Steve Sebern, Antonoff & Co. Restaurant. 3,000 sq. ft.
• Jerry Meer/Sheryl McQuilliams, Coldwell Brokerage, Inc.; 2621 S. Parker Rd., Aurora, CO
Banker Commercial R.E.S.I.; 6785 W. 120th – Tenant, Cash Advance, Inc., 768 sq. ft. • Jerry Meer/Sheryl McQuilliams, Coldwell
Avenue, Broomfield, CO 80021. Tenant – Lionheart Banker Commercial R.E.S.I.; 2300 S. Chambers
Cleaners. 2,088 sq. ft. • Gene Stone, Antonoff & Co. Brokerage, Inc.; Rd., Unit C, Aurora, CO – Tenant – Tlaquepaque,
1941 Youngfield St., Golden, CO – Tenant, Karen LLC. 1,550 sq. ft.
• Derek Vanderryst, Fuller Real Estate; 5101 South Greb dba Tate’s Nail Salon, 1,150 sq. ft.
Parker Road, #115-116, Aurora, CO – Tenant – Black • Marc Lippit/Scott Shwayder, Unique Properties,
Pearl Day Spa, 1,987 sq. ft. • Jeffrey Hirschfeld, Antonoff & Co. Brokerage, LLC.; 1582, 1602, and 1642 S. Parker Rd., Denver,
Inc., Co-op Chris Coble, CB Richard Ellis; CO. $2,650,000 Buyer - Not Disclosed. 85,531
• Derek Vanderryst, Fuller Real Estate; 5001 2500 Washington Street, Denver, CO – Tenant, sq.ft.
South Parker Road, #119-124, Denver, CO – Tenant Crossroads Theater at Five Points, 3,600 sq. ft.
– Anytime Fitness, 7,200 sq. ft. • Eli Boymel/Jeffrey Hirschfeld/Steve Sebern,
• Jeffrey Hirschfled/Eli Boymel/Steve Severn, Antonoff & Company Brokerage, Inc.; 5935 S.
• Dick Rudolph, Fuller Real Estate; 3900 East Antonoff & Co. Brokerage, Inc., Co-op Steven Zang Street Unit #17, Littleton, CO Tenant – The
Mexico Avenue, #930, Denver, CO – Tenant Conrad, Transwestern Commercial Services; Cottage Yarn Company, 1,068 sq. ft.
– Streamside Professional Search, 3,219 sq. ft. 5935 S. Zang Street, Littleton, CO – Tenant Panther
Physical Therapy, Inc., 2,481 sq. ft. • Steve Sebern, Antonoff & Company Brokerage,
• Scott Dale, Gibbons-White; Co-op John Huebner/ Inc; Co-op Mark Valente, Sanborn & Company.
Jackie Pacheco, Coldwell Banker Commercial • Gene Stone, Antonoff & Co. Brokerage, Inc., 2600 East Street, Golden, CO Tenant – John Pinelli
R.E.S.I.; 10190 Bannock Street, Northglen, CO Co-op Brad Rice, Fuller and Company; 1941 dba South Philly Cheese Steak, 1,050 sq. ft.
– Tenant – The Senior Hub, Inc., 2,544 sq. ft. Youngfield Street, Golden, CO – Tenant, Rocky
Mountain Deaf School, 17,159 sq. ft. • Steve Sebern, Antonoff & Company Brokerage,
• Neil Littman, The Colorado Group; 11001 120th Inc.; 712 Peoria Street, Aurora, CO Tenant – Las
Broomfield, CO – Tenant – Heartland Financial • Gene Stone, Antonoff & Co. Brokerage, Inc.; Tortugas, LLC, 1,800 sq. ft.
– 3,104 sq. ft. 1941 Youngfield Street, Golden, CO – Tenant, Rocky
Mountain Muscle, 3,385 sq. ft. • Gene Stone/Jeffrey Hirschfled/Eli Boymel,
• Susan Chrisman/Steven Chrisman, The Antonoff & Company Brokerage, Inc.; Co-op
Colorado Group; 1401 Walnut Street, Suite 105, • Rich Otterstetter, Staubach Company, Co-op Matthew Henrichs, CBRE. Tenant – Citifinancial,
Boulder, CO – Tenant – Mitron Tech, 769 sq. ft. Steve Sebern, Antonoff & Co. Brokerage, Inc.; 1,500 sq. ft.
5150 E. Arapahoe Road, Suite F-01, Centennial, CO
• Eli Boymel/Jeffrey Hirschfeld, Antonoff & Co. – Tenant, The Sherwin-Williams Company, 5,278 sq. • Daniel Ferrick, Gibbons-White; Co-op James
Brokerage, Inc.; Co-op Danchen Yi Astle, Century ft. Houser, Colorado Group. 1749 N. Main Street,
21 World Class; 2144 North Main Street, Longmont, Longmont, CO Tenant – Glacier Homeade Ice
CO – Tenant, East Moon Asian Bistro, 3,321 sq. ft. • Brad Kornfeld, Kornfeld Koslosky Properties, LLP, Cream, 1,900 sq. ft.
Co-op Eli Boymel/Jeffrey Hirschfeld, Antonoff &
• Eli Boymel/Steve Sebern, Antonoff & Co. Co. Brokerage, Inc.; 2608 S. Timberline Road, Suite • Mike Ledger/Trish Herick, KEW Realty
Brokerage, Inc.; 17734 S. Golden Road, Golden, 102, Fort Collins, CO – Tenant, Nails & Care, 1,191 Corporation; Plaza at Westminster 8921 Harlan
CO – Tenant, Red Rocks Center for Rehabilitation, sq. ft. Street, Westminster, CO Tenant – Supper Solutions,
4,000 sq. ft. 1,600 sq. ft.
• Steve Sebern, Antonoff & Co. Brokerage, Inc.,
• Jerry Meer/Sheryl McQuilliams, Coldwell Co-op James Won, ERA Metropoint; 2553 S. • Jerry Meer/Sheryl McQuilliams, Coldwell
Banker Commercial, R.E.S.I; 2300 S. Chambers Colorado Blvd., Denver, CO – Tenant, Kyong S. Yi, Banker Commercial R.E.S.I.; 6603 Leetsdale
Road, Aurora, CO – Tenant, Cigarette Store, 1,497 1,200 sq. ft. Drive, Denver, CO Tenant – BPCM Holdings, 1,680
sq. ft. sq. ft.
• Jeffrey Hirschfeld/Eli Boymel, Antonoff & Co.
• Jerry Meer/Sherly McQuilliams, Coldwell Brokerage, Inc., Co-op Wayne Lee, United • Gene Stone/Steve Sebern, Antonoff & Company
Banker, R.E.S.I.; 5804 Ward Road Unit A, Arvada, Property Brokers; 1630 Welton, Denver, CO Brokerage, Inc.; Parkridge Plaza, 2049 Wadsworth,
CO – Tenant, Domino’s Pizza, 1,200 sq. ft. – Tenant, Chopsticks House, Inc., 3,877 sq. ft. Lakewood, CO – Tenant – The Bake Shop, 1,600 sq.
ft.
• Gene Stone/Steve Sebern, Antonoff & Co. • Brian Shorter, Sullivan Hayes Company, Co-op
Brokerage, Inc.; 2099 Wadsworth, Lakewood, CO Eli Boymel/Jeffrey Hirschfeld, Antonoff & Co. • Gene Stone/Steve Sebern, Antonoff & Company
– Tenant, Paulie and Deanna, Inc., 2,652 sq. ft. Brokerage, Inc.; 205 Ken Pratt Boulevard, Suite Brokerage, Inc.; Hoffman Heights, 722 Peoria
120, Longmont, CO – Tenant, Nails & Care, 1,309 Street, Aurora, CO – Tenant – Yolanda Fulton-
• Gene Stone/Steve Sebern, Antonoff & Co. sq. ft. Jackson dba Kin Styles, 1,200 sq. ft.
Brokerage, Inc.; 10375 E. Iliff, Aurora, CO – Tenant,
Antonio Martinez and Sandra D’Agostino dba Shisha • Eli Boymel/Jeffrey Hirschfeld, Antonoff & Co. • Gene Stone, Antonoff & Company Brokerage,
Nights, 1,200 sq. ft. Brokerage, Inc.; 1610 Pace Street, Suite 200, Inc.; Co-op Jeff Brandon, Colliers B & K. Parker
Longmont, CO – Tenant, Snappy Auctions, 1,225 Square, 19505 E. Parker Square Drive, Parker, CO
• Eli Boymel/Gene Stone, Antonoff & Co. sq. ft. Tenant – John Tofield dba The Cleaning Authority,
Brokerage, Inc.; 17700 S. Golden Road, Golden, 1,320 sq. ft.
CO – Tenant, Jeffco First Steps, 1,686 sq. ft. • Gene Stone/Jeffrey Hirschfeld/Eli Boymel,
Antonoff & Co. Brokerage, Inc.; Co-op Tammy • Eli Boymel/Gene Stone, Antonoff & Company
• Gene Stone/Steve Sebern, Antonoff & Co. Swope, Excell Fund. 4621 Peoria Street, Denver, Brokerage, Inc.; Plaza Northwest 6050 West 92nd
Brokerage, Inc.; 7920 E. Mississippi, Aurora, CO CO Tenant – H & R Block. 1,322 sq. ft. Avenue, Suite Q, Westminster, CO Tenant – Café
– Tenant, Ali Ahmed and Yasin Idle, 1,032 sq. ft. Isabelle, 1,677 sq. ft.
• Steve Sebern, Antonoff & Co. Brokerage, Inc.
• Gene Stone/Steve Sebern, Antonoff & Co. 8761 Sheridan Blvd., Westminster, CO Tenant • Steve Sebern, Antonoff & Company Brokerage,
Brokerage, Inc.; 2603 S. Parker Rd., Aurora, CO – Dollar & Mart, LLC. 2,210 sq. ft. Inc.; Symes Building, 820 16th Street, Denver, CO
– Tenant, Larry Johnson, 972 sq. ft. Tenant – Denver Fruit Creations, LLC, 2,200 sq. ft.
• Jeffrey Hirschfeld/Eli Boymel, Antonoff & • Eli Boymel/Jeffrey Hirschfield, Antonoff & • Lynda S. Gibbons/Annie Lund, Gibbons White;
Company Brokerage, Inc.; Denver West Office Co. Brokerage, Inc.; Co-op Jay Landt, David 1900 9th St., Suite 130, Boulder, CO Tenant
Park, 1626 Colorado Blvd., Lakewood, CO Tenant Hicks Brokerage. Palizzi Marketplace, 530 East – Londryn’s, LLC. 1,213 sq. ft.
– Open TV, Inc., 11,555 sq. ft. Bromley Lane, Unit #125, Brighton, CO Tenant – 3
Margaritas. 3,299 sq. ft. • Derek Vanderryst, Fuller Real Estate; 5101 South
Parker Road, #119-124, Aurora CO. Tenant - Anytime
Fitness. 7,200 sq.ft.
OFFICE LEASE
• Mike Ledger/Trish Hendrick, KEW Realty • Robert Knisely, Fuller Real Estate; 44 Cook • Steve Rasmussen, MIE Properties; Co-op Eric
Corporation; Co op Rick Door/Bruce Johnson, Street, Denver, CO Tenant – Collateral Finance Gold, Sheldon-Gold Realty Inc. 500 Corporate
Liberty-Greenfield LLLP. 1514 Curtis Street, Denver, Partners. 5,163 sq. ft. Circle #G-1 Golden, CO Tenant – Icon Systems LLC,
CO 80202 Tenant – Linhart McClain Finlon PR. 9,000 sq. ft.
9,698 sq. ft. • John Ash, Fuller Real Estate; 1401 17th Street,
#560, Denver, CO Tenant – Lansky Weigler P.C. • Jason Bolhoefner Corum Real Estate; Co-op
• Rick Schepis, Fuller Real Estate; 1600 Stout 2,974 sq. ft. Eric Gold, Sheldon-Gold Realty Inc. 600 S. Cherry
Street, #1900, Denver, CO – Tenant Resource Street, Suite 835, Denver, CO Tenant – Dickinson
Solutions, 4,484 sq. ft. • Jerry Meer/Sheryl McQuilliams, Coldwell Dekruif PC, 2,906 sq. ft.
Banker Commercial R.E.S.I.; 12500 W. 58th Ave.,
• Brad Rice, Fuller Real Estate; 7535 East Arvada, CO Tenant – Parker Personal Home Care, • Cameron Brown CB Richard Ellis; Co-op Kevin
Hampden, #610, Denver, CO – Tenant – Kelly Inc. 4,673 sq. ft. Hastngs, Sheldon Gold Realty, Inc. 8775 E.
Services, Inc. 3,659 sq. ft. Orchard Road, Suite 803, Greenwood Village, CO
• Gary Aboussie, The Colorado Group; Co-op Tenant – Speed Pro Imaging, 2,578 sq. ft.
• Dick Rudolph, Fuller Real Estate; 3900 East Rick Hollinger, Summit. 1707 N. Main St. #302,
Mexico Avenue, #930, Denver, CO – Tenant Longmont, CO Tenant – WAY FM. 3,949 sq. ft. • Mark Yoder, Granite Realty; Co-op Dan Arizumi,
– Streamside Professional Search, 3,219 sq. ft. Sheldon-Gold Realty Inc. 1728 Downing Street,
• Paige Coker Heiman, CCIM, Acquire World Class Denver, CO Tenant – Yong Ok Forcier, 2,160 sq. ft.
• Scott Dale, Gibbons-White; Co-op John Huebner/ Real Estate Services; 850 S. Boulder Rd., #202,
Jackie Pacheco, Coldwell Banker Commercial Louisville, CO Tenant – The Network Life Center. • Mary Jo Cummings/Eric Gold, Sheldon-Gold
R.E.S.I.; 10190 Bannock Street, Northglen, CO 1,005 sq. ft. Realty Inc.; Co-op Brett Davis, Equis Corporation.
– Tenant – The Senior Hub, Inc., 2,544 sq. ft. 13900 E. Harvard Avenue, Suite 115, Aurora, CO
• Jared Leabch, Coldwell Banker R.E.S.I.; Co-op Tenant – Office Software Inc., 1,946 sq. ft.
• Neil Littman, The Colorado Group; 11001 120th James Howser, Colorado Group, Inc. 890 W.
Broomfield, CO – Tenant – Heartland Financial Cherry, Louisville, CO Tenant – Sketchfolio, 1,221 • Bane Taylor, IPM Real Estate Group; Co-op Mary
– 3,104 sq. ft. sq. ft. Jo Cummings, Sheldon-Gold Realty Inc. 8 West Dry
Creek Circle, Littleton, CO Tenant – Newport Health
• Susan Chrisman/Steven Chrisman, The • Mike Ledger/Trish Herick, KEW Realty Network, 705 sq. ft.
Colorado Group; 1401 Walnut Street, Suite 105, Corporation; Co-op Brian Wells, CB Richard Ellis.
Boulder, CO – Tenant – Mitron Tech, 769 sq. ft. 7878 Wadsworth Blvd., Arvada, CO Tenant – Musco • Rick Schepis, Fuller Real Estate; 9191 Sheridan
Sports Lighting, 3,271 sq. ft. Boulevard, #203 and #210, Westminster, CO Tenant
• Kittie Hook, Fuller Real Estate; 10106 West San – Rocky Mountain Mineral Law Foundation, 5,955
Juan, #100, Littleton, CO – Tenant – Knowledge • Mike Ledger/Trish Herick, KEW Realty sq. ft.
Learning Corp, 8,314 sq. ft.. Corporation; 300 S. Jackson Street, Denver, CO
Tenant – MINE, LLC, 1,286 sq. ft. • Stockton Baker/Brad Rice, Fuller Real Estate;
• Brad Rice, Fuller Real Estate; 2000 South 110 16th Street, #404-405, Denver, CO Tenant – The
Colorado Blvd., #1-2000, Denver, CO – Tenant • Mike Ledger/Trish Herick, KEW Realty State of Colorado, 3,011 sq. ft.
– Alliance Residential, LLC., 3,183 sq. ft. Corporation; Rampart Office Plaza, 6855 S.
Havana Street, Centennial, CO Tenant – Waste • Trevor Brown, Fuller Real Estate; 1641 California
• Dick Rudolph, Fuller Real Estate; 12999 North Connections, 4,116 sq. ft. Street, #300, Denver, CO Tenant – Steel Street
Mead Way, Unit B, Littleton, CO – Tenant – Bill Bank, 2,752 sq. ft.
Major, 2,400 sq. ft. • Mike Ledger/Trish Herick, KEW Realty
Corporation; Co-op Michael Corbey, Space • Stockton Baker/Brad Rice, Fuller Real Estate;
• Rick Schepis, Fuller Real Estate; 5600 Greenwood Real Estate Company. Rampart Office Plaza, 4251 Kipling Street, #300, Denver, CO Tenant – Paul
Plaza Boulevard, #200, Greenwood Village, CO 6855 S. Havana Street, Centennial, CO Tenant A. Smith & Company of Colorado, Ltd. 2,302 sq. ft.
– Tenant – Next Generation Equity Research, 715 – Orthopedics & Spine Rehab, 1,909 sq. ft.
sq. ft. • Rick Schepis, Fuller Real Estate; 14062 Denver,
• Mike Ledger/Trish Herick, KEW Realty West Parkway #52-245, Golden, CO Tenant
• Steve Sebern, Antonoff & Co. Brokerage, Inc.; Corporation; Colorado EXPO, 695 S. Colorado – Associa, Inc. 2,047 sq. ft.
2009 Wadsworth Blvd., Lakewood, CO – Tenant, Blvd., Denver, CO Tenant – Better Shredder, 631 sq.
Allstate Insurance, 755 sq. ft. ft. • Brad Rice, Fuller Real Estate; 13654 Xavier Lane,
#102, Broomfield, CO Tenant – Salon Tao. 1,650 sq.
• Steve Sebern, Antonoff & Co. Brokerage, Inc.; • Bryan Fry, Bitzer Real Estate; Co-op Joe ft.
2009 Wadsworth Blvd., Lakewood, CO – Tenant Carabello, Re/Max Commercial Alliance. 70
– Tyler Dominic Creative, LLC., 466 sq. ft. Broadway St. Denver, CO – Tenant – David Zarou, • Stockton Baker/Dick Tinkham, Fuller Real
D.O., 2,508 sq. ft. Estate; 800 Grant Street, Denver, CO Tenant
• Paige Coker Heiman, CCIM, Acquire World Class – Hemmat Engineering Company, 1,400 sq. ft.
Real Estate Services; Flatiron Park, 1995 N. 57th • Barb Pozzi, The Colorado Group, Inc.; Co-
Ct., Suite 200, Boulder, CO Tenant – Amadeus op James Howser, The Colorado Group, Inc. • Dick Tinkham, Fuller Real Estate; 1625
Consulting Group, Inc. 10,798 sq. ft. 3000 Center Green Drive, Boulder, CO – Tenant Broadway, #320, Denver, CO Tenant – Robert T.
– Magnolia Trading, LLC, 1,754 sq. ft. Sellars, Jr. 883 sq. ft.
• Jason Kruse/Christopher Sansone, Colorado
Group; Co-op Paul Kresge, Colorado Group. 6640 • Steve Bryant, Sheldon-Gold Realty Inc.; Co-op • Terry Kruegel, The Colorado Group, Inc.; 7105
Gunpark Drive, Boulder, CO Tenant – Borregaard Marv Almond, Shames-Makovsky Realty Company. La Vista Place, Niwot, CO Tenant – Boulder Labs,
North America, Inc. 1,062 sq. ft. 12000 E. 47th Avenue, Suite 200, Denver, CO 1,760 sq. ft.
Tenant – Belron, Inc. dba Elite Auto Glass, 15,047
sq. ft. .
WINTER 2007 7
DEALMAKERS
OFFICE LEASE CONT’D
• Page Coker Heiman, Acquire, LLC; Co-op Sean • Scott Dale, Gibbons White, Inc.; Co-op Kevin • Cheryl Casserly/Jason Bollhoefner, Corum Real
Mitchell, The Colorado Group. 850 S. Boulder Hastings, Sheldon-Gold Realty, Inc. 10190 Bannock Estate Group; Co-op Natasha Felten/Matthew Ball,
Road, Suite 202, Louisville, CO Tenant – Network St., #106, Northglenn, CO Tenant – Omega Blue Colorado Commercial Companies. 600 S. Cherry
Lite, 1005 sq. ft. Inc. 757 sq. ft. St., Denver, CO Tenant – Strategic Programs, Inc.
8,977 sq. ft.
Jason Kruse, The Colorado Group; Co-op Jim • Neil Littman/Audrey Berne, The Colorado
Fisher, The Colorado Group. 3434 47th Street, Group; Co-op Stephen Epling, Triumph Real Estate • Paige Coker Heiman, Acquire World Class Real
Boulder, CO Tenant – The Job Store, 1,301 sq. ft. Corporation. 2011 Cherry St. #204, Louisville, CO Estate Services. Park Place, 3100 Arapahoe,
Tenant – Front Porch Digital, 3,354 sq. ft. #202, Boulder, CO Tenant – Dr. Dean Raffelock.
• Greg Knott, Unique Properties, LLC; Co-op 1,150 sq. ft.
Bob Baird, Baird Alexander. 3841 Eudora Street, • Neil Littman/Audrey Berne, The Colorado Group;
Denver, CO Tenant – Naked Juice, 10,000 sq. ft. Co-op Neil Littman/Audrey Berne/John Kruse, The • Stockton Baker/Trevor Brown, Fuller Real
Colorado Group. 246 Taylor, Louisville, CO Tenant Estate; 2399 Blake Street, #160, Denver CO.
• Rebecca B. Martin, Prudential CRES Commercial – Vaisala, Inc. 15,600 sq. ft. Tenant - Karsh & Hagan Communications. 25,921
Real Estate. 10220 S. Progress Lane, Parker, CO sq.ft.
Tenant – HealthStar Homecare Services, 825 sq. • Steve Chrisman, Chrisman Commercial/
ft. Susan Chrisman, The Colorado Group; Co-op • Kittie Hook, Fuller Real Estate; 19284
Jones Lang LaSalle Americas Inc. 5777 Central Cottonwood Drive, #100, Parker CO. Tenant - The
• Neil Littmann/Audrey Berne, The Colorado Ave. Boulder, CO Tenant – ACS State and Local Children’s Hospital. 13,845 sq.ft.
Group; Co-op Neil Littmann/William Reichenberg, Solutions, Inc. 3,432 sq. ft.
The Colorado Group, Gibbons-White. 2011 Cherry • Rick Schepis, Fuller Real Estate; 6560 South
St., #200 Louisville, CO Tenant – Pasta Fresca. • Natasha Felten/Matthew Ball, Colorado Greenwood Plaza, #450, Denver CO. Tenant
3,578 sq. ft. Commercial Companies; Co-op Mike Carter, - Solutions Funding, Inc. 11,345 sq.ft.
Transwestern Commercial Services. 8 W. Dry Creek
• Mary Jo Cummings/Eric Gold, Sheldon-Gold Cir., Littleton, CO Tenant – Mr. Tracy Tyler, American • Rick Schepis, Fuller Real Estate; 4725 South
Realty Inc. 13900 E. Harvard Ave., #210, Aurora, Family Insurance District 308. 888 sq. ft. Monaco, #300, Denver CO. Tenant - DeltaCom, Inc.
CO Tenant - Northern Lakes Data Corp. 3,923 sq. 9,122 sq.ft.
ft. • Phil Day, PMD Realty; Matthew Ball, Colorado
Commercial Companies. 1800 Jackson St., Golden, • John Ash, Fuller Real Estate; 700 17th Street,
• Scott Churchley, Liberty Greenfield; Co-op Mary CO Tenant – GHG Denver, LLC. 1,472 sq. ft. #1600, Denver CO. Tenant - Intrepid Mining. 6,792
Jo Cummings, Sheldon-Gold Realty Inc. 8822 sq.ft.
S. Ridgeline Blvd., Highlands Ranch, CO Tenant • Joseph Serieno/Jeffrey Castleton, Trammell
– Valuecheck. 3,173 sq. ft. Crow Company; Co-op Matthew Ball/Natasha • Esther Kettering, Fuller Real Estate; 700
Felten, Colorado Commercial Companies. 8100 E. 12th Street, #220, Golden CO. Tenant - HCA
• Matt Zeman, CB Richard Ellis; Co-op Steve Maplewood Ave., Greenwood Village, CO Tenant – HealthOne, LLC. 3,000 sq.ft.
Bryant, Sheldon-Gold Realty Inc. 3131 S. Vaughn – Nourse Enterprises Inc. dba One Source Staffing.
Way, #131, Aurora, CO Tenant – Renais Bough. 2,748 sq. ft. • John Ash, Fuller Real Estate; 1401 17th Street,
1,349 sq. ft. #560, Denver CO. Tenant - Lansky Weigler, P.C.
• Andrew Piepgras, Transwestern; Co-op Natasha 2,974 sq.ft.
• Gil Berkovich, ASA Associates; Co-op Dan Felten/Matt Ball, Colorado Commercial Companies.
Arizumi, Sheldon-Gold Realty, Inc. 820 16th St., 2821 S. Parker Rd., Aurora, CO Tenant – Robert
#622, Denver CO Tenant – Todd Halaburka. 1,294 Rhue Enterprises, Inc. 1,549 sq. ft.
sq. ft.
INDUSTRIAL LEASE
• Bruce Johnson, Coldwell Banker Commercial. • Mike Ledger/Trish Herick, KEW Realty • Bruce Johnson, Coldwell Banker Commercial;
6300 E. 38th Avenue, Commerce City, CO Tenant Corporation; 6100 E. 58th Avenue, Commerce Co-op Bob Scott, Commercial West Real Estate.
– Standard Batteries. 7,500 sq. ft. City, CO Tenant – Secured Archives Storage, 2,500 1327 E. 73rd Avenue, Denver, CO Tenant – Elite
sq. ft. Flower Service, 25,130 sq. ft.
• Tyler Smith, Fuller Real Estate; 4905 York Street, • Mike Ledger/Trish Herick, KEW Realty
Denver, CO; Tenant – Bulkmatic Transportation Co. Corporation; Co-op Bruce Johnson, Coldwell • Richard Exley, Prudential CRES Commercial
9,000 sq. ft. Banker. Park Industrial Center, 6300 E. 58th Real Estate; Co-op Michael Bloom, Michael Bloom
Avenue, Commerce City, CO Tenant – Standard Realty Company. 1390 W. Evans, Denver CO Tenant
• Tyler Smith/Brian Wilkes, Fuller Real Estate; Battery, 7,500 sq. ft. – Distinctive Mantle Designs, Inc., 4,649 sq. ft.
16075 East 32nd Avenue, #4-A, Aurora, CO Tenant • R.C. Myles/Tyler Smith, Fuller Real Estate; 4660
– Kolorfusion International. 24,084 sq. ft. • Mike Ledger/Trish Herick, KEW Realty Ironton Street, Denver CO. Tenant - Sign Supply
Corporation; KEW East Industrial Center, 3220 W. USA. 18,898 sq.ft.
• Dick Tinkham, Fuller Real Estate; 221 Corporate 71st Street, Westminster, CO Tenant – Magic Auto
Circle, E, Golden, CO Tenant – In Position Body, 3,500 sq. ft. • Chris Ball, R.C. Myles and Jeff Roemer, Fuller
Technologies. 2,700 sq. ft. Real Estate; 11575 Main Street, Broomfield CO.
• Tyler Smith, Fuller Real Estate; 4905 York Street, Tenant - Ball Plastic Container Corporation leased
• Brian Wilkes, Fuller Real Estate; 2171 South Denver, CO Tenant – Bulkmatic Transportation Co, 12,800 sq.ft.
Trenton Way, #219, Denver, CO Tenant – Front 9,000 sq. ft.
Range Cross Fit. 1,347 sq. ft. • Tyler Smith, Fuller Real Estate; 3958 South
Kalamath Street, Englewood CO. Tenant - Vintage
Car Works. 4,100 sq.ft.
MULTI FAMILY • Brian Wilkes, Fuller Real Estate; 1201 West
• JB Hochman/Scott Mehlman, Unique Properties, • JB Hochman/Scott Mehlman, Unique Properties, Lehigh Place, Englewood CO. Tenant - 2 Men & A
LLC; 4525 East 16th Avenue, Denver, CO. Seller LLC.; 4525 E. 16th Avenue, Denver, CO. Price not Truck. 2,400 sq.ft.
– Ron Gotlin, Buyer – Linda Loehr. disclosed Seller – Ron Gotlin, Buyer – Linda Loehr.
6,560 sq. ft.
RETAIL SALES
• John Becker, Fuller Real Estate; 1764 South Properties, LLC; 3128 S. Parker Road, Aurora, CO. Buyer – BTS Federal AA LLC. 61,140 sq. ft.
Havana Street, Aurora, CO $850,000 Seller – Big O $1,062,500.00.
Development – Buyer – Havana Self Storage, LLC. • Jerry Meer/Sheryl McQuilliams, Coldwell
17,800 sq. ft. • Marc S. Lippitt/Scott Shwayder, Unique Banker Commercial, R.E.S.I; Co-op Kelly
Properties, LLC.; 3128 S. Parker Rd., Aurora, CO. Spencer; 9895 W. Remington Place, Littleton, CO.
• Cary Clark/Yvette Berry/Keith Burden, Fuller $1,062,500.00 Seller – not disclosed, Buyer – not $1,800,000 Seller – MKI Properties Inc. Buyer
Real Estate; 11305 N. Decatur Street, Westminster, disclosed. 1,916 sq. ft. – TPSRE, LLC.
CO $2,785,000 – Seller – Ranch Reserve Oaks
Partners, Inc. – Buyer – JDH Westminster, Ltd. • Ron Webert/Mike Wager, Grubb & Ellis; Co-op • Jim Ptacek/Mike Wafer, Grubb & Ellis; 5585
11,700 sq. ft. Doug Viseur/Mark Dwyer, Trammel Crow. Opus Airport Road, Sedalia, CO. $1,885,000 Seller
Business Center, 13250 East Smith Rd., Aurora, – REIL Investments, LLC Buyer – CDI Landscaping.
• Cary Clark/Pat Henry/Keith Burden, Fuller CO. $6,494,000 Seller – Opus Business Center
Real Estate; 195 S. Union Blvd., Lakewood, CO Buyer – Principal Real Estate. 136,828 sq. ft. • Sue Baird, Phill Foster and Company; Aurora
$4,905,000 Seller – Jefferson Office Park, LLLP Elks Lodge, 11757 E. 14th Avenue, Aurora, CO.
– Buyer – Hui Ekahi LLC. 22,250 sq. ft. • Rebecca B. Martin, Prudential CRES Commercial $800,000 Seller – Aurora Elks Home, Inc. Buyer
Real Estate; 2180 E. 68th Avenue, Denver, CO. – LFM Aurora, LLC. 7,500 sq. ft.
• Keith Burden/Cary Clark, Fuller Real Estate; $173,500.00 Seller – The Wooden Box Family
8811 Teel Parkway, Frisco, TX $7,347,750 Seller Limited Partnership. • Derek Vanderryst, Fuller Real Estate; 1080
– Hebron Heights-I, L.P. – Buyer – Hoku Frisco, LLC. Wadsworth Boulevard, Lakewood CO. $800,000.
25,340 sq. ft. • Bob Busey/Bill Wiggins, Coldwell Banker Seller - SAP Investors, LLC Buyer - Ezio Lomardi.
Commercial R.E.S.I.; 5496 Federal Boulevard,
• Marc S. Lippitt/Scott L. Shwayder, Unique Denver, CO. $890,000 Seller – Jose Luis OCHOA
INDUSTRIAL SALES
• Craig Myles, Fuller Real Estate; 4455 West 58th • Alec Rhodes, Fuller Real Estate; 1455 S. Platte
C and 4475 West 58th E, Arvada, CO. $451.515 River Drive, Denver, CO. $1,950,000 – Seller • Brad Rice/Tyler Simth, Fuller Real Estate; 5500
Seller – SBS Holdings, LLC – Buyer – Alsam – Leona, LLC – Buyer – JFP Properties Ltd. 29,107 & 5515 Harlan, Unit H, Arvada, CO. $139,000
Investments, Inc. 4,855 sq. ft. sq. ft. – Seller – Edward and Lois Nelson – Buyer – Wayne
Wagner. 1,380 sq. ft.
• Craig Myles, Fuller Real Estate; 3926 S. Federal • Chris Ball/Craig Hyles, Fuller Real Estate; 14452
Blvd., Sheridan, CO. $345,000 – Seller – James T. West 44th Avenue, Golden, CO. $2,435,000 Seller • Craig Myles, Fuller Real Estate; 2020 South
Walsh and Julia Swee Chin Walsh – Buyer – PPS – Mohawk Valley Builders, LLC – Buyer – Aqo,LLC. Osage Street, Denver CO. $786,500. Seller - Allied
Control, LLC. 3,480 sq. ft. 33,848 sq. ft. Western Energy, Inc. Buyer - Brett and Kara Renck.
11,414 sq.ft.
• Alec Rhodes, Fuller Real Estate; 10290 E. 106th • Jim Capecelatro/Alec Rhodes, Fuller Real
Avenue, Brighton, CO. $870, 000 – Seller – Alpine Estate; 380 West 62nd Avenue, Denver, CO.
Lumber Company – Buyer – R & R Joe Enterprises, $1,725,000 Seller – KBSkyline Properties, LLC
LLC. 14,000 sq. ft. – Buyer – Vance Brothers, Inc. 30,000 sq. ft.
WINTER 2007 9
DEALMAKERS
APARTMENT SALES
• JB Hochman/Scott Mehlman, Unique • Brian Haggar, Fuller Real Estate; 1220 Emerson • Mark Lippitt/Scott Shwayder, Unique
Properties, LLC.; The Dayton Street Apartments, Street, Denver CO. $625,000. Seller - Harvey Properties, LLC.; 2412 S. York Street, Denver, CO
2216-2224 Dayton Street, Aurora, CO $610,000 Hiber. Buyer - Twelve Twenty Emerson, LLC. 80210. $836,000, 8,424 sq. ft.
Seller – Not disclosed Buyer – Not disclosed.
• JB Hochman/Scott Mehlman, Unique • Joe Hornstien, Unique Properties, LLC.; 550
• Brian Haggar/Bobby Kline, Fuller Real Estate.; Properties, LLC.; 1790 Ingalls Street, Lakewood, Logan Street, Denver, CO 80203. $905,000 Seller
1035 South Dearborn Street, Aurora, CO $2,337,000 CO 80214. $505,000. – 550 Logan LLC, Buyer – Kirby Ventures, LLC
Seller – The Stephen G. Weise Trust Buyer – LEAD
Properties, LLC. 19,584 sq. ft. • Mark S. Lippit/Schtt L. Shwayder, Unique • Joe Hornstein, Unique Properties, LLC; Surfside
Properties, LLC.; 4334 Federal Blvd. Denver, CO Apartments, 550 Logan Street, Denver, CO
• Neil Littman/Todd Walsh, The Colorado Group; 80211 $550,000, 7,995 sq. ft. $905,000 – Seller – 550 Logan LLC, - Buyer Kirby
Co-op Noreen Canaday, The Colorado Group. Ventures, LLC
Cherry Business Park, 1849 Cherry #3, Louisville, • J.B. Hochman/Scott Mehlman, Unique
CO. $550,000 Seller – Erad-Wurn Company Buyer Properties, LLC.; 1945 S. Depew Street, Denver, • Kevin Higgins/Ryan Floyd, Unique Properties,
– TL Knutson Company. 4,859 sq. ft. CO $755,250 LLC; 1231 Downing Street, Denver, CO $1,235,000
– Seller – Marcela Von Thun – Buyer – Portus Equity
• R.C. Myles/Alec Rhodes, Fuller Real Estate; • Joe Hornstien, Unique Properties, LLC.; 550 Builder Fund, II, LP
4460 South Windermere Street, Englewood CO. Logan Street, Denver, CO 80203. $905,000 Seller
$3,300,000. Seller - 4460 So. Windermere, LLC. – 550 Logan LLC, Buyer – Kirby Ventures, LLC • Marc Lippitt/Scott Shwayder, Unique
Buyer - Highland Properties 8406, LLC. 54,000 Properties, LLC; Co-op Kevin Higgins/Ryan Floyd,
sq.ft. 2,65 acres Unique Properties; 276 S. Sherman Street, Denver,
CO 80209. $710,000, 5,655 sq. ft.
LAND SALES
• Rebecca Martin, Prudential CRES Commercial • Rebecca Martin, Prudential CRES Commercial • Terry Matthews/Art Seiden, Fuller Real Estate;
Real Estate; Rio Grande Golf Course, Clubhouse Real Estate; Rio Grande Golf Course, Clubhouse Co-op Esther Kettering, Fuller Real Estate.
and Fishing Lodge, 285 Rio Grande Trail, South and Fishing Lodge, 285 Rio Grande Trail, South Belleview & Bowles on East side of C-470,
Fork, CO 81154. $4,500,000 Seller – South Fork Fork, CO 81154. $4,500,000 Seller – South Fork Lakewood CO. $3,316,420. Seller - Bergen Land,
Ranches, LLC, Buyer – Zaven Yaralian Ranches, LLC, Buyer – Zaven Yaralian LLC. Buyer - the Mark and Kathy Family Trust. 27.00
Acres
• Jim Dignan, Fuller Real Estate; 117 Ponderosa, • R.C. Myles/Tyler Smith, Fuller Real Estate; SWC
Ridgway, CO. $15,000,000. Seller – The Pines 51st and Havana, Denver, CO. $768,045 Seller • Kittie Hook, Fuller Real Estate; 9180 Boston
Development Group/Fairway Pines - Buyer Heritage – FC Stapleton II, LLC Buyer – Ostler Property Street, Henderson CO. $1,550,000. Seller - BCG
Inn and Suites of Kansas City Development Enterprises, Ltd., LLLP Buyer - Hastings Family
Holdings, LLC. 14.09 acres
• Stew Mosko, Fuller Real Estate; S of I-70 at • Russell Baker, Jim Capecelatro/Mike Kboudi,
Bergen Park-El Rancho, Golden, CO. $2,500,000 Fuller Real Estate; Roxborough Park Filing, #1, • Tim Gilchrist/John Segelke, Fuller Real Estate;
Seller – Phoenix Land Development Company Lot 2, Littleton, CO. $151-542 Seller – Sunrise Land 2.00 acres at the NWC 66th & Broadway (379 &
– Buyer – Richmond American Homes of Colorado Holdings, LLC Buyer – Live Well Properties, LLC 399 West 66th Way), Denver CO. Seller - Skyline
Industrial, Inc. Buyer - William Galioto. $470,448.
• Art Seiden/Terry Matthews, Fuller Real Estate; • Bob Busey/Bill Wiggins/Max Walker, Coldwell
15300 E. Colfax Avenue, Aurora, CO - $700,000 Banker Commercial; Co-op Steve Roesinger, • Derek Vanderryst, Fuller Real Estate; 2.18
Seller – Chamco Partnership, LLP – Buyer Frederick Ross Company. Red Rocks Business acres at SWC Pine & Lincoln (Lot 3), Parker CO.
– Landquest XL, LLC Park on McIntytre and Morrison Road, Lakewood, $370,000. Lincoln Creek, LLC sold to Timothy
CO. $1,800,000 Seller – Old Dominion Insurance White.
Co Buyer – Tharaldson Hotels II of Las Vegas. 20.20
acres.
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WINTER 2007 11
Shea Commercial Brokerage Becomes Prudential CRES
Commercial Real Estate for Arizona and Nevada
Scottsdale, Ariz., – Dec. 1, 2006 – Scotts- the United States. Shea Commercial is the nation’s largest developer of office
dale, Ariz.-based Shea Commercial an- condos and has been named Developer of the Year for three of the last four
nounced today that it has entered into an years.
agreement with Prudential CRES Commer-
cial Real Estate to form a western regional About Prudential CRES
brokerage office that includes Arizona and Commercial Real Estate Solutions (CRES) was formed in 2000 to provide
Nevada, with plans for expansion into South- commercial strategic planning, consulting and training to real estate broker-
ern California. Shea Commercial’s develop- age companies and real estate departments of major corporations. In 2001,
ment business will be reorganized as a real Prudential Commercial Services (PCS) joined with CRES to establish a new
estate investment trust (REIT) as of January standard for commercial real estate brokerage operations.
1, 2007 under the continued direction of PCS, a division of the Prudential Real Estate Affiliates (PREA), has a service
Shea Commercial Founder and CEO Jim agreement with CRES to provide strategic planning, consulting, training,
Riggs. hands-on-transition services, franchise sales and continuous support to PCS
Shea’s commercial brokerage operation franchises exclusive to the PCS network. Prudential CRES Commercial Real
will affiliate with Prudential CRES Commer- Estate companies are select, professional companies with a foundation of
cial Real Estate, the fastest growing com- performance-oriented systems and a proven track record for performance.
mercial real estate network in the country, Prudential CRES Commercial Real Estate creates a consistent national brand
and will operate as an independently owned for PCS offices. For more information, visit www.PrudentialCRES.com
and operated franchisee trading as Pruden-
tial CRES Commercial Real Estate. A com- About Shea Commercial
pany president will be named in December. Scottsdale, Ariz.-based Shea Commercial is the nation’s largest developer of
David Illsley and Lucinda Stanley will serve office condos in the United States and a leading developer of mixed use proj-
as the designated brokers for Arizona and ects that include retail, residential and office components. With approximately
Nevada respectively. 3 million square feet developed in seven states, Shea Commercial has earned
According to Mark Donahue, Prudential seven NAIOP (National Association of Industrial and Office Properties) awards
CRES Commercial Real Estate president and is the industry pioneer in the office condo market. Shea Commercial
and CEO, and a 20-year veteran of CB developed its corporate office at Raintree and the 101 in Scottsdale, Ariz. and
Richard Ellis, “We conducted extensive also maintains offices in Dallas, Las Vegas and NYC.
due diligence before selecting Shea Com- For more info visit www.sheacommercial.com or call 480-451-9077.
mercial to foster the growth of Prudential
CRES’ western territory. Their vision for
profitable expansion most closely aligned
with our strategy and goals. Of the half a
dozen firms we evaluated in Phoenix, Shea
Commercial’s depth of expertise, breadth of
resources, proven track record and unparal-
leled management team made them the
CREC adopts Emergency Rules
ideal match for Prudential CRES.” On January 5, 2007 the Colorado Real Estate Commission adopted an
Jim Riggs, president and CEO of Shea Emergency Rule which repealed the current Rule A-15 that required renewed
Commercial, says, “We are at a critical licenses to be placed on inactive status until the of a criminal records checks
juncture for both our brokerage and develop- from readable fingerprints have been received by the Commission.
ment services and I believe the timing is A situation has arisen where a large number of licensees have submit-
right to separate the two entities to achieve ted a set of their fingerprints to the Colorado Bureau of Investigations prior to
maximum gains. This is a prime opportunity submitting their renewal applications, but for reasons beyond their control, the
for the brokerage entity to leverage the submitted fingerprints were not readable or otherwise able to be processed.
national Prudential brand and radically speed This has resulted in a delay in completing their criminal records checks.
its penetration in the marketplace. I look The emergency rule is necessary for those licensees who have been fin-
forward to focusing my efforts exclusively gerprinted prior to 12.31.06 and for reasons beyond their control, the submit-
on development projects and believe that ted fingerprints were not readable or otherwise able to be processed.
Prudential CRES Commercial Real Estate is Therefore, only those licensees who were required to meet the 2006
well on its way to becoming a leading indus- renewal requirements and have not for reasons beyond their control received
try player.” a criminal records check clearance from the readable fingerprints will not be in
Riggs noted that the development an inactive status.
company is finalizing $500 million of funding It is important for any 2006 renewing licensee, to check with the Colo-
to develop multiple high profile, large mixed- rado Department of Real Estate to determine their status if they have any
use projects and office condos throughout questions.
REALTOR® Activity (DMCAR, Colorado Association of REALTORS®, National Association of REALTORS®, and/or Institutes, Societies,
Council leadership positions, committee work, special educational functions, seminar involvement, instructor assignments, and
other related REALTOR® organizational activities.)
Business Practices (Faithfulness to laws and the REALTOR® Code of Ethics, adherence to the high principles of fairness working with
brokers, and professionally providing service to clients and the general public.)
Business Accomplishments (Maintaining a high degree of commercial real estate knowledge through continued education, sustaining
a consistent level of success as a commercial practitioner, and completing imaginative and complicated commercial transactions.)
Civic Activity (Local, state and national level of participation in service clubs, charitable organizations, political campaigns, governmental
entities, religious groups, and other related community activities.)
I have attached the nominee’s resume and have briefly stated below the reasons to support my nomination. I understand that the
Committee will consider all nominees, including their own, and select the REALTOR® who, in the opinion of the Committee, meets
the qualifications and is most deserving of this award.
Please take into consideration the following individual for the 2006 REALTOR® of the Year.
Nominee Name______________________________________________________________________________________________________
Company ___________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
Civic Activity (if additional space is needed, please use separate sheet.) ____________________________________________________
____________________________________________________________________________________________________________________
Submitter’s Name____________________________________________________________________________________________________
Phone ______________________________________________________________________________________________________________
Company ___________________________________________________________________________________________________________
Address ____________________________________________________________________________________________________________
President Natasha Felten’s opening remarks President Natasha Felten’s opening remarks Candis Hewitt calls the 2007 Board of Directors up
2007 DMCAR’s Board of Directors being sworn in by Candis Hewitt Marc S Lippitt (right) and Eric Gold (left)
Inauguration attendees enjoying good company after the program DMCAR CEO Barbara Lambert and Immediate Past President Marc S Lippitt
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