Baston-Cook Construction and Swinerton Builders ceremonially topped out SkyHouse Denver, a 354-unit luxury apartment building in the Uptown neighborhood. In February 2015, the development team of Novare Group, Simpson Housing and Baston-Cook Development Co. broke ground on the 26-floor apartment development at the corner of Broadway and 18th Avenue. SkyHouse Denver is slated for delivery…

Amy Brimah Managing partner, Brimah LLP, Denver Common-interest communities are governed through boards of homeowners that serve the association. After a certain period of time, the developer must transition the control of the board to homeowners who own units in the project. The city and county of Denver has joined the city of Lakewood and…

A newly completed Colorado Springs apartment asset sold to an undisclosed buyer for $9.06 million, or $150,917 per unit. An undisclosed buyer purchased the Alturas at Bell Tower, a 60-unit community at 1130 Bell Tower Heights. Constructed in 2013, the property received a significant amount of attention due to its notable upside in rents, condominium-quality…

Peter McFarland Associate attorney, Estill & Long LLC, Denver Many real estate investors have heard about the benefits of using self-directed individual retirement accounts to fund their latest ventures into the real estate market. There are many companies conducting seminars and webinars that sell the investor on this idea. I know firsthand because our office…

Dave Johnstone Chief investment officer of hospitality, McWhinney, Denver Despite the volatile nature of the oil industry, the national economy has gotten back on track over the past five years, which has resulted in a change in consumer behavior across the country. With a stable economy, consumers are now making more money, which allows them…

A Greenwood Village-based buyer continues to grow its Colorado Springs portfolio, most recently with the purchase of a pair of properties for $23.6 million. Vukota Capital Management paid $18.35 million for the 312-unit Residence at Austin Bluffs and $5.25 million for the 92-unit Chestnut Springs. Both Residence at Austin Bluffs and Chestnut Springs combine historically…

It’s a new Southwest Plaza. The 1.3-million-square-foot shopping center located at 8501 W. Bowles Ave. in Littleton underwent a $75 million redevelopment that brought a host of new tenants and a Colorado modern aesthetic. Redevelopment began in April 2014 to update the 1983 mall – a redevelopment that touched nearly every aspect of the retail…