Apartment developer pays $35M for Denver7 block at Speer and Lincoln

This story first ran on BusinessDen.com, a BizWest news partner.

The sale of Denver7’s real estate has closed, two months after the Denver City Council rejected an effort to save part of the station’s building from the wrecking ball.

Developer Property Markets Group said Friday that it had paid $35 million to buy the irregularly shaped 2.3-acre block at 123 Speer Blvd. from the television station’s Cincinnati-based parent company E.W. Scripps Co.

That works out to $348 a square foot. Broker Jamie Roupp of JLL represented the seller.

PMG, which says it has headquarters in New York and Miami, said in a statement that…