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* Subscriber Content
Subscriber ContentWest Line Flats sells for $40.25 million in 1031 exchange
The buyer paid $40.25 million for the 155-unit, Class A community at 6500 W. 13th Ave. in Lakewood, steps from the Lamar light-rail station.
By Jennifer Hayes213 -
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Subscriber ContentJacobson Co. enters Colo. market with Velo, Modern apts.
A Los Angeles-based private investment company made its foray into the Colorado multifamily market with the purchase of more than $88 million in properties.
By Jennifer Hayes436 -
Comp of the DayTurn-of-the-century boutique apartments sell for $2.38M
Denver County Property Location: 1432 Pennsylvania St., Denver, “Glenellen Apartments” Property Description: Eight-unit, three-story apartment building, 8,664 sf, YOC 1919, brick construction Land Size: 6,250 sf Sales Price: $2.38M, or $296,875 per door, or $274.12 psf Reception No.:2018152667 Closing Date: 11/28 Grantor: 1432 Pennsylvania Street LLC Grantee:...
By John Winslow518 -
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Subscriber ContentAvalonBay pays $75.4M for Ironwood
Ironwood at Red Rocks, currently finishing lease-up, features a mix of one-, two- and three-bedroom units, the latter of which average more than 1,300 square feet.
By Jennifer Hayes430 -
Headline NewsLoHi apartment sales top $400,000 per unit
The properties, Infinity LoHi and Centric LoHi, located in the coveted LoHi neighborhood of Denver, recently sold in separate transactions at prices topping $400,000 per unit.
By Jennifer Hayes511 -
Headline NewsAshford Belmar sells for $143.5 million
Ashford Belmar, a 512-unit apartment community at 7301 W. Ohio Ave., part of the Belmar district in the city, sold for $143.5 million, according to public records. T
By Jennifer Hayes880 -
Comp of the Day
Ridge at Thornton acquired by Chicago investor
Adams County Property Location: 3650 E. 103rdAve., Thornton, “Ridge at Thornton” Property Description: 280-units in 10 two-story apartment buildings, YOC 2016, & eight three-story buildings, YOC 2018, rentable sf is 299,436, brick/frame Land Size: 11.89 acres Sales Price :$72M, or $257,143 per unit, or $240.45...
By John Winslow846 -
Comp of the Day
Broomfield’s Terracina Apartments purchased by Ohio Investor for $106 million
Broomfield County Property Location: 13620 Via Varra Road, Broomfield, “Terracina Apartments” Property Description: 386-unit, four-building, four-story apartment buildings w/361,109 sf, YOC 2009, brick/frame construction Land Size: 12.10 acres (plus 3.83 acres for future development) Sales Price: $106M, or $274,611 per unit, or $274.12 psf Density: 31.90...
By John Winslow424 -
Comp of the Day
Belmar apartments sell for $143.5 million
Jefferson County Property Location: 7301 W. Ohio Ave., Lakewood, “Ashford Belmar Apartments” Property Description: 512-unit, 24-building apartments with 615,080 sf rentable area, YOC 1988/1993, brick & frame construction, 27,000-sf clubhouse, Land Size: 26.31 acres Sales Price: $143.5M, or $294,531 per unit, or $304.50 psf Reception No.:...
By John Winslow589 -
Comp of the Day
Bell Partners of North Carolina acquires apartments for $90.5M
Adams County Property Location: 11900 Newton St., Westminster, “Bell Bradburn Apts.” Property Description: 310-unit, three-story apartments, 389,578 sf rentable area, YOC 2002, frame construction. The unit mix is 84 one-bedroom units, 210 two-bedroom units and 16 three-bedroom units Land Size: 11.176 acres Density: 27.74 units...
By John Winslow393