Northwest 36

Northwest 36 to create business incubator/office tech space

New business incubator/office tech space is coming to an 11-acre site next to Arista in Broomfield. Local development group GRVS LLC plans to start construction of the approximately 50,000-square-foot first phase of Northwest 36 this month. The project will cater to businesses looking to acquire spaces as small as 1,600 sf, up to standalone buildings…

Jill Jamieson-Nichols

June 20, 2019

Denver investor buys in Durango

Demand for a Durango apartment community was strong – thanks in part to supply and demand fundamentals in Colorado’s mountain communities. Denver-based Blueline Equity Partners paid $19.78 million, according to public records, for the 112-unit Hillcrest Apartments at 100 Goeglien Gulch Road. The asset received multiple offers from investors from Colorado to California to Washington…

Jennifer Hayes

June 15, 2019
Greens at Van de Water

Loveland apartments sell in $206.5 million portfolio deal

The Lake Vista and Greens at Van de Water apartment communities in Loveland sold as part of a $206.5 million portfolio deal that also included Arbour Square in Westminster. Colorado Multifamily Portfolio DST, sponsored by Inland Private Capital Corp., sold the 855-unit portfolio to Blackstone Real Estate Income Trust, according to public records. “The sale…

Jill Jamieson-Nichols

June 14, 2019

Amherst Apartments sell in $11.1m off-market deal

A Denver apartment property recently sold in an $11.1 million transaction. The Amherst Apartments at 2775 S. Federal Blvd. was purchased by PARS LLC at a price of $137,037 per unit and a 5.75% cap rate. The 81-unit community was sold by Vukota Amherst Apartments LP. The three-story, garden-style community features a mix of one-…

Jennifer Hayes

June 7, 2019
The Vibe

Milestone to bring first of 684 apartment units to Lafayette

An apartment developer known for expansive clubhouses and abundant amenities is bringing his latest community to Lafayette. Ken Kiken of Milestone Apartment Group expects to break ground in early fall on the first phase of a LEED Gold community at the interchange of the Northwest Parkway and U.S. Highway 287. Estimated to cost around $58…

Jill Jamieson-Nichols

May 31, 2019
Rams Crossing

FPA Multifamily buys Fort Collins apartments for $68.5M

A San Francisco-based real estate investment firm acquired an assortment of apartment units in Fort Collins for $68.5 million, or $149,237 per unit. FPA Multifamily LLC bought 459 units of both student housing and conventional apartments. Summit Management Services sold the assets, which include Campus Flats @ Ram’s Crossing/Ram’s Crossing @ Campus, The Lofts @…

Jill Jamieson-Nichols

May 31, 2019

Cedar Run community sells for $62 million

A Los Angeles-based real estate investment and asset management firm added to its Denver portfolio with its purchase of the Cedar Run Apartments in one of the largest recent multifamily transactions in the Lowry submarket. Gelt Inc. paid $62 million, or $161,500 per unit, for the 384-unit community at 888 S. Oneida St., west of…

Jennifer Hayes

May 31, 2019

Safari Club Apartments in Denver trade for $16.8 million

RedPeak Properties picked up an “iconic” Denver apartment building at a near record-setting price. The Denver-based firm, which acquires, develops and manages apartments in Denver and along the Front Range, paid $16.8 million all cash for the Safari Club Apartments. The 66-unit building at 990 S. Logan St. in Denver sold for $254,545 per unit…

Jennifer Hayes

May 24, 2019

Single-tenant, net-leased property in Montrose trades at 5.5% cap rate

A Colorado 1031 exchange buyer, 1230 S. Townsend LLC, paid $1.76 million, or $251.14 per square foot, for the O’Reilly Auto Parts at 1230 S. Townsend Ave. 

Jennifer Hayes

May 17, 2019
2333 Arapahoe

Investment group buys Naropa student housing for $4.5 million

A building developed to house students at Naropa University sold to a Denver-based group for $4.5 million, or $250,000 per bed. The building at 2333 Arapahoe Ave. in Boulder consists of 18 rooms and 28 beds, a common kitchen, lounge and laundry areas, parking, bike storage, and two rooftop decks. It is just down the…

Jill Jamieson-Nichols

May 15, 2019