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Griffis grows with $73.25 million Cherry Creek purchase

Griffis Residential grew its metro Denver apartment portfolio with its purchase in Cherry Creek. The multifamily real estate investment company purchased the Alexan Cherry Creek community – renamed Griffis Cherry Creek North – from Trammell Crow Residential for a reported $73.25 million, according to public records. JLL declined to comment on transaction specifics but noted […]

Jennifer Hayes

December 7, 2020

Blue Dot Place sells to local ownership group for $13 million

The first multifamily community constructed in downtown Colorado Springs since the 1960s sold to local buyers planning to continue the legacy of the property. Local buyers Ray, Tim and Brian Rhodes paid $13 million, or $393,393 per unit, according to public records, for Blue Dot Place, a 33-unit community at 412 S. Nevada Ave. The […]

Jennifer Hayes

December 7, 2020

IRET pays $144.75 million for Parkhouse Apartment property

IRET purchased the Parkhouse Apartment Homes in Thornton for a reported $144.75 million. The real estate company focused on the ownership, management, acquisition, redevelopment and development of apartment communities purchased the 465-unit community from Starlight Investments Ltd., according to public records. “We are excited to continue our growth in Denver and advance improvements in the […]

Jennifer Hayes

November 23, 2020

Townhouse Apartments property trades for $8.7 million

A 54-unit apartment property in Colorado Springs sold in an $8.7 million transaction. According to public records, BHC Associates purchased The Townhouse Apartments from Akhtar Mohammad Khalid. Patrick Knowlton of Nexus Commercial Realty LLC represented both the buyer and seller. Located at 3125 E. Fountain Blvd. and 1215 Shasta Drive, close to Highway 24, The […]

Jennifer Hayes

November 16, 2020

Oak Coast draws ArtWalk in $123.5 million purchase

A Southern California-based commercial real estate investor specializing in Class B and C multifamily properties purchased an Englewood transit oriented apartment community for $123.5 million. Oak Coast Properties paid $281,963 per unit for the ArtWalk Apartments at City Center, a 438-unit community neighboring the Englewood light-rail station. It plans a $4.4 million renovation as part […]

Jennifer Hayes

November 9, 2020

Hines, investment partner break ground on RiNo project

Hines, along with investment partner Cresset-Diversified QOZ Fund, has commenced construction on Residences at RiNo, a 397- unit, luxury, for-rent apartment community at the entryway of Denver’s River North Arts District. The midrise project, at Brighton Boulevard and 43rd Street and located within North Wynkoop’s 1.25 million-square-foot mixed-use development, is the fourth joint venture between […]

Jennifer Hayes

November 1, 2020

Lofts at Lincoln Station in Lone Tree sells for $30.5M

The Lofts at Lincoln Station sold in a $30.5 million transaction. Boston-based Eaton Vance paid $299,019 per unit for the 102-unit community located at 9375 Station St. in Lone Tree. Griffis/Blessing Inc. sold the four-story building, constructed in 2015. “Lofts at Lincoln Station is a high-quality property located adjacent to an RTD lightrail stop in […]

Jennifer Hayes

October 26, 2020

Lowry apartments sell for $105 million to Ohio-based buyer

An Ohio-based buyer paid $105 million for a newly built Lowry multifamily community at a record-setting mark for a Denver metro garden apartment property. The Connor Group added to its Colorado holdings with its purchase of Broadstone Lowry, renamed Alas Over Lowry to pay tribute to Lowry’s Air Force Base history during World War II. […]

Jennifer Hayes

October 12, 2020

Pembrooke apartments sell for $163 million

A Salt Lake City-based real estate investment management firm added to its Colorado holdings with the highest-priced multifamily deal to close to date this year in the Denver metro area. Bridge Investment Group paid $163 million, or $169,969 per unit, for Pembrooke on the Green. The 959-unit property was sold by Oak Coast Properties, which […]

Jennifer Hayes

October 5, 2020

Trion Properties makes first Colo. buy with Northglenn apts.

A California-based real estate private equity firm made its first Colorado purchase with its acquisition of The View at North Peak Apartments. Trion Properties paid $38 million, or $131,944 per unit, for The View at North Peak, a 288-unit community at 10701 Pecos St. in Northglenn. “As an experienced owner and operator of apartment communities […]

Jennifer Hayes

September 28, 2020