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Headline NewsOverlook sale sets new record in Springs
The buyer paid $66.5 million, or $251,894 per unit, for the community built in 2018, which was 80 percent occupied at the time of sale.
By Jennifer Hayes78 -
Comp of the Day
Denver apartments change hands
Denver County Property Location: 605 26thSt., Denver, “Wise Harris Arms Apartments” Property Description: 23-unit, two-story apartment, 12,390 sf, YOC 1889, renovated in 2017, brick construction (all one-bedroom units) Land Size: 9,394 sf Sales Price: $3.03M, or $131,522 per door, or $244.15 psf Reception No.: 2019016927 Closing Date:...
By John Winslow64 -
Comp of the Day
Property sells for 292 apartment units
Denver County Property Location: SEC West 16th Ave. & Grove St., 1570 Grove, Denver Property Description: Land value, proposed seven-story, 292-unit apartment Land Size: 91,897 sf Sales Price: $13.2M, or $143.64 psf, or $45,205 per buildable unit Density: 138.39 d/u per acre Reception No.: 2019013464 Closing Date: 2/6 Grantor:...
By John Winslow57 -
Headline News, Rebchook Real Estate Corner
SLC breaks ground on Rêve Boulder
Southern Land Co. (SLC), announced on Tuesday that it has broken ground on its long-awaited mixed-use community across from the new Google campus in Boulder. The six-acre, four-building Rêve Boulder, at 30th and Pearl Streets, is across from Google’s new office campus. Rêve Boulder will...
By John Rebchook389 -
Comp of the Day
Red Peak pays $39 million for 206 units in Denver
Denver County Property Location: 960 S. Logan St., 10 S. Pennsylvania St., 899 N. Washington St., 1360 Williams St., 1402 N. Race St., 1280 Lafayette St. (6 buildings) Property Description: 960 S. Logan St. – 23-unit, three-story walk-up style apartment, 12,675 sf, YOC 1967, brick...
By John Winslow51 -
Comp of the Day
Broadstone Montane Apartments snagged by Canada-based investor
Douglas County Property Location: 18301 Cottonwood Drive, Parker, “Broadstone Montane Apts.,” NEC Parker Road Hwy. 83 & East Cottonwood Drive Property Description: 400-unit apartment complex with 23 buildings, 484,534 sf of gross building area, plus 9,955-sf clubhouse, YOC 2018, masonry/frameconstruction Land Size: 22.16 acres Sales Price: $120M,...
By John Winslow59 -
* Subscriber Content
Subscriber ContentHFF arranges $47.18 million construction loan for apts
Brickhouse at Lamar Station will be located on a 3.75-acre site at 6300 W. 13th Ave., within walking distance of the Lamar Station light-rail stop.
By Jennifer Hayes700 -
Comp of the Day
Jackson Square Properties acquires Centennial Apartments for $74.5 million
Arapahoe County Property Location: 7338 S. Havana St., Centennial, “Elevate Apartments” Property Description: 285-unit apartment complex with 10 buildings, 235,008 sf net rentable area, YOC 2018, masonry/frameconstruction Land Size: 8.04 acres Sales Price: $74.5M, or $261,404 per door Density: 35.45 d/u per acre Reception No.: D9002772 Closing...
By John Winslow65 -
* Subscriber Content
Headline News, Subscriber ContentEaton Vance buys Lafayette apartments
A Boston-based investment management firm paid $38 million, or $237,500 per unit, for a 160-unit apartment community in Lafayette. Eaton Vance purchased the Ardenne apartments from Fairfield Residential, which completed renovations to a portion of the units. Holliday Fenoglio Fowler Managing Director Jordan Robbins said,...
By Jill Jamieson-Nichols1192 -
Comp of the Day
Colewood Apartments sells for record high $525.76 per rentable square foot
Denver County Property Location: 3860 Tennyson St., Denver, “Colewood Apartments” Property Description: 49-unit, five-story apartment, 36,804 sf rentable area, YOC 2017, & 21,294 sf structured parking with 50 parking spaces Land Size: 15,863 sf Sales Price: $19.35M, or $394,898 per unit, or $525.76 psf Reception No: 2019010751...
By Jill Jamieson-Nichols66
