ARA Newmark closes Waterford RiNo & Keystone Apartments for $130.1 million
Denver & Adams counties 1. Denver Property Location: 2797 Wewatta St., Denver, “Waterford RiNo Apartments” Property Description: 301-unit, five-story apartment complex, 252,828 sf, YOC 2012, brick & frame construction Land Size: 3.039 acres Density: 99 units per acre Sales Price: $90.62M, or $301,053 per door, or $358.41 psf Reception No.: 2018141988 Closing Date: 10-31 Grantor: CWS Wind…
John Winslow
November 7, 2018
Denver investor acquires apartments in Uptown
Denver County Property Location: 1750 Pearl St., Denver Property Description: 13-unit, three-story apartment building, 6,813 sf, YOC 1925, brick construction, with five storage garage units Land Size: 5,633 sf Sales Price: $2.18M, or $167,308 per door, or $319.24 psf Reception No.: 2018124501 Closing Date: 10/1 Grantor: Magdalena Alonso Grantee: 1750 Pearl St LLC (Nora Baldwin, mbr.) Financing: $1.52M payable…
John Winslow
October 30, 2018
Esprit at Cherry Creek apartments sell for $93 million
Built in 1974, Esprit at Cherry Creek comprises one- and two-bedroom units in nine buildings.
Jolene Wollett
October 21, 2018
Apartments at the East Colfax & Ironton Street sell for $5.49 million
Adams County Property Location: 10675 E. Colfax Ave., Aurora Property Description: 54-unit single story apartment complex with six buildings totaling 25,261 sf, plus 616-sf office; YOC 1945 & YOC 1981, brick construction Land Size: 3.73 acres Sales Price: $5.49M, or $101,667 per door, or $212.25 psf Reception No.: 78041 Closing Date: 9/25 Grantor: Aurora Homes LLC (Lee…
John Winslow
October 16, 2018
Piedmont Properties Group picks up City Center Station
The San Francisco-based buyer purchased City Center Station, a 176-unit community at 14107 E. Kansas Place.
Jolene Wollett
October 7, 2018
Coyote Ranch apartments trade in $125 million deal
IMT Cornerstone Ranch features a mix of one-, two- and three-bedroom apartments that average more than 1,000 square feet.
Jolene Wollett
October 7, 2018UNC student housing outperforms in rent growth study
University of Northern Colorado student housing saw some of the highest rent growth in the country over the last year, according to a survey of 120 universities by Axiometrix, a RealPage company. While rent growth among privately owned student housing projects compressed overall, UNC saw a 6.4 percent increase in rent growth in 2018, ranking…
Kris Oppermann Stern
October 7, 2018
10,000 making waves in apartment circles
Ten Thousand Waves is a world-class resort on a mountain road in Santa Fe. But what is really making waves in Denver apartment circles is the number 10,000. Specifically, the observation by apartment guru Cary Bruteig that developers can’t build much more than 10,000 units in the Denver area has given developers much more confidence…
Kris Oppermann Stern
October 1, 2018
AIMCO acquires high-density site in Fitzsimons for 253 units
Adams County Property Location: Southeast corner E. 22ndAve. & Ursula St., Aurora Property Description: Vacant land, 253 units planned Land Size: 1.88 acres Sales Price: $1.64M, or $20 psf, or $6,475 per buildable unit Reception No.: 73915 2018 Closing Date: 9/10 Grantor: Fitzsimons Redevelopment Authority (Donald M. Elliman Jr., chairman) Grantee: AIMCO Fitzsimons 3A Lessor LLC Financing:…
John Winslow
September 27, 2018
Metro Denver value-add apartments sell for $48.25M
CBRE recently completed the sale of two metro Denver valueadd apartments, which were sold by FPA Multifamily LLC of San Francisco.
Jolene Wollett
September 21, 2018
