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730 Simms St.

Zocalo looks to turn 171,931-sf office building into multifamily

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

November 30, 2018

NKF Multifamily sells northeast Denver apartments for $94.5 million

Denver County Property Location: 4300 Swanson Drive, Castle Rock, “Echelon at the Meadows” Property Description: 240-unit, three-story apartment community with 261,924 rentable sf, YOC 2018. Unit breakdown: 24 one-bedroom units @ 757 sf; 24 one-bedroom units @ 809 sf; 24 one-bedroom units @ 859 sf; 24 one-bedroom units @ 954 sf; 48 two-bedroom, two-bath units…

John Winslow

November 28, 2018

Record-setting sale closes in Springs

An unidentified out-of-state buyer paid $51.1 million, or $164,839 per unit, for the 310-unit Advenir at the Village Apartments – a record price per unit for a 1960s apartment community in Colorado Springs. 

Jolene Wollett

November 25, 2018

NKF multifamily team sells Northeast Denver apartments for $94.5 million

Denver County Property Location: 16505 Green Valley Ranch Blvd., Denver, “Strata Apts.” Property Description: 336-unit, three-story apartment community with 302,215 rentable sf, YOC 2016. There are 24 small one-bedroom units @ 592 sf; 118 midsize one-bedrooms averaging 681 sf & 26 large one-bedrooms at 784 sf. There are 12 two-bedroom/one-bath units @ 986 sf; 67 midsize…

John Winslow

November 19, 2018

Value-add portfolio in Cherry Creek sells to Laramar Group

Chicago-based Laramar Group purchased the portfolio, which comprises The Rise at Cherry Creek at 848 S. Dexter St., The Edge at Cherry Creek at 4600 E. Kentucky Ave. and The Vue at Cherry Creek at 4805 E. Kentucky Ave. in Denver. 

Jolene Wollett

November 18, 2018

‘One-of-a-kind’ apartment community sells for $106 million

An Ohio-based real estate investment firm paid $106 million for a distinctive apartment community on the Denver-Boulder corridor. Terracina, a 386-unit community at 13620 Via Varra Road in Broomfield, is The Connor Group’s second acquisition in the Denver market. “It’s a phenomenal asset – one of a kind,” said Shane Ozment of Newmark Knight Frank…

Kris Oppermann Stern

November 17, 2018

Alliance Residential pays $7.85 million for Uptown Denver site

Denver County Property Location: SEC & SWC E. 18thAve. & Marion St., Denver Property Description: Misc. improvements (land value) Land Size: 45,373 sf Sales Price: $7.85M, or $173.01 psf, or $35,202 per buildable unit Reception No.: 2018143156 @ 2018143129 Closing Date: 11/5 Grantor: Mile High Montessori Early Learning Centers (Pamela Harris, CEO) & Children’s Hospital Colorado (Jeff…

John Winslow

November 13, 2018

Berkeley at Regis Apartments sells for $30.75M

Adams County Property Location: 4703 W. 52ndAve., Denver, “Berkeley at Regis Apts.” Property Description: 127-unit, three-story townhome/apartment units containing 13 buildings & clubhouse, 128,707 sf, YOC 1999 & 2003 Land Size: 6.69 acres Sales Price: $30.75M, or $242,126 per door, or $238.91 psf Reception No.: 88006 2018 Closing Date: 10-26 Grantor: Fifteen Regis LLC (Ian Sanders, founder),…

John Winslow

November 12, 2018

Ridge at Thornton Station sells for $71.9M

Waterton, according to Adams County public records, paid $71.9 million for the 280-unit garden apartment community, which was sold by Real Capital Solutions. 

Jolene Wollett

November 11, 2018

ReyLenn Properties acquires Aurora multifamily site

Adams County Property Location: SWC Martin Luther King Blvd. & Oswego St., Aurora Property Description: Vacant land Land Size: 9.06 acres Sales Price: $6.75M, or $17.10 psf, or $24,107 per buildable unit Reception No.: 83021 2018 Closing Date: 10-15 Grantor: FC Stapleton II LLC Grantee: Solana Stapleton LLC, c/o ReyLenn Properties LLC (Jason Smith, VP) Comments: Buyer plans…

John Winslow

November 8, 2018