Armory’s future fortified with apartments
Developers have fortified plans for the historic Armory site in North Boulder. Atlanta-based Pollack Shores Real Estate Group will join owners Bruce Dierking and Jim Loftus to develop an approximately $90 million, 201-unit apartment community on the property at 4750 Broadway. Located in the North Boulder, or NoBo, Art District, The Armory will be a…
Jill Jamieson-NicholsSeptember 15, 2019
Lowry apartments sell for $45.75 million
California-based Greystar continues to grow locally with its purchase of the Griffis at Lowry apartment community. Greystar paid $45.75 million, or $305,000 per unit, for the 150-unit community at 9649 E. Fifth Ave. in Denver’s Lowry neighborhood. “Buyers were attracted to Griffis at Lowry due to the condo-quality units and infill location within the highly…
Jennifer HayesSeptember 15, 2019
The exciting future of multifamily design in Colo.
Today’s multifamily experience undoubtedly has matured over recent decades.
CREJSeptember 6, 2019
Savoy sells at second-highest price in 2019
An Aurora apartment property steps from the Dayton light-rail station sold in one of the highest-priced and largest multifamily sales to close in 2019. IMT Capital LLC purchased The Savoy at Dayton Station Apartments, sold by Starwood Property Trust, which paid $161.5 million for the property in 2016. The 612-unit community at 3645 S. Dallas…
Jennifer HayesAugust 31, 2019
Increasing demand from renters for larger units
As homeownership in Denver becomes increasingly more expensive, we expect demand for larger rental units to increase.
CREJAugust 25, 2019
Denver apts.: Climate change or just weather?
Planning is paramount in developing strategic initiatives, increasing flexibility and reducing risk across all businesses and industries, including multifamily.
CREJAugust 22, 2019
Copperleaf Place lures private investors, sells for $21.83M
A California investor beat out the competition to acquire a newly completed Fort Collins apartment community for $21.83 million, or $232,181 per unit. Warm Springs Holdings LLC bought Copperleaf Place from a Brinkman affiliate that developed the apartments in 2018. The 94-unit property is located at 3425 S. Shield St. in southwestern Fort Collins. David…
Jill Jamieson-NicholsAugust 22, 2019
The impact of mill levies on property value
Developers from out of state, namely Texas, where real estate taxes are much higher, typically are pleased to see how low taxes are in Colorado.
CREJAugust 21, 2019
Springs’ booming economy impacts apartment market
Colorado Springs rewrites the rulebook on millennial appeal, creating a reputation as a hot spot for young professionals seeking a higher quality of life.
CREJAugust 18, 2019