Apartment sale sets a record

It wasn’t a huge apartment deal in terms of the sales price.

But the recent sale of the 58-unit Village West in Arvada was significant for two reasons.

First, it illustrated the attractiveness of value-add deals for investors. It also is an example of how Arvada is increasingly on the radar screen of investors.

Read the rest of this article in the Dec. 16-Jan. 2 CREJ.

John Rebchook has been taking the pulse of the Denver-area and Colorado commercial real estate world for almost 35 years. He joined the editorial staff of CREJ in 2011. Prior to that, he was the Real Estate Editor of the Rocky Mountain News from 1983 until it closed in 2009.