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Headline NewsEquity Residential returns to Denver
The real estate investment trust, which specializes in the acquisition, development and management of apartment properties, acquired the Alexan Uptown and Skyhouse Denver properties for a reported $274.72 million in its first two acquisitions in the Denver market since exiting it in January 2016.
By Jennifer Hayes303 -
Comp of the DayInfinity Communities acquires 43,283-sf site for $7.04M
Denver County Property Location: NEC Zuni St. & W. 31st Ave. (2331 W. 31st Ave. & 3130 Zuni St.) & 3125 Wyandot St. Property Description: Land value, misc. improvements Land Size: 43,283 sf Sales Price: $7.04M, or $162.74 psf Reception No.: 2018097436 Closing Date: 8/2 Grantor: State...
By John Winslow189 -
* Subscriber Content
Subscriber ContentHFF arranges $63 million loan for Littleton apartments
Situated just off C-470 and near the Mineral light-rail station, HiLine features a mix of one-, two- and three-bedroom units.
By Jennifer Hayes215 -
Comp of the Day
Trammell Crow buys downtown Denver site for $20.75 million
Denver County Property Location: 1800 Market St., Denver Property Description: Vacant multifamily site Land Size: 50,179 sf Sales Price: $20.75M, or $413.52 psf, or $68,033 per buildable unit Reception No.: 2018095040 Closing Date: 8/1 Grantor: 1800 Market Tower LLC, c/o BlackRock US Core Property Fund Inc., Elizabeth Kurz,...
By John Winslow698 -
Multifamily Properties QuarterlyShaping communities through systems thinking
A wise man once noticed that as his cows were grazing, they were getting lost, one blade of grass at a time. Not only did one cow get lost this way, but also, accordingly, the entire herd would follow and end up in far-off
By CREJ478 -
Comp of the Day
Goodman Commercial sells University of Denver apartments
Denver County Property Location: 2441 S. York St., Denver Property Description: 17-unit, three-story apartment, 8,400 sf, YOC 1967, brick Land Size: 6,250 sf Sales Price: $3.1M, or $182,353 per unit, or $369.05 psf Reception No.: 2018093792 Closing Date: 7/27 Grantor: 2441 LLC (Alan G. Hart, mgr.) Grantee:...
By John Winslow600 -
Comp of the Day
Value-add Aurora apartments snagged for $18.4 million
Arapahoe County Property Location: 11910 E. Kansas Drive, Aurora, “Verona Park Apartments” Property Description: 119-unit, 8-building, three-story apartment complex w/104,880 sf, YOC 1972, renovated in 2015, wood frame construction Land Size: 8.958 acres Sales Price: $18.4M, or $175.44 psf, or $154,622 per unit Reception No.: D8074728...
By John Winslow255 -
Comp of the Day
Denver apartment investor lands 82-unit apartment community for $23.4 million
Denver County Property Location: 1515 Vrain St, Denver, “1515 Flats” Property Description: 82-unit, five-story apartment, 65,090 sf (including 5,995-sf retail space on first floor, YOC 2017 Land Size: 19,315 sf Sales Price: $23.4M, or $359.50 psf, or $285,366 per unit Reception No.: 2018065837 or correction...
By John Winslow584 -
Headline NewsDowntown’s 1600 Glenarm sells for $131M
Northland Investment Corp. paid $131 million, or $393,393 per unit, for 1600 Glenarm
By Jennifer Hayes613 -
Comp of the Day
Eighth-largest apartment developer in U.S. acquires Castle Rock site
Douglas County Property Location: Southeast corner N. Meadows Drive & Elegant Street, also fronts southwest corner Bilberry Street & Viridian Drive, Castle Rock Property Description: Vacant multifamily land, 16.92 d/u per acre Land Size: 12.08 acres Sales Price: $6.13M, or $11.66 psf, or $30,025 per buildable unit...
By John Winslow837