Lakewood apartments snagged by New York investor for $38.5 million
Jefferson County Property Location: 3324 S. Field St., Lakewood “The Ranch at Bear Creek Apts.” Property Description: 201-unit apartment community with 194,335 sf, YOC 1973, updated in 2017, frame construction, 26 buildings Land Size: 12.03 acres Sales Price: $38.5M, or $191,542 per unit Reception No.: 35408 2018 Closing Date:4/19 Grantor: Aukum Tanglewood Investors LLC, Jason Fuchs, mgr.…
John WinslowMay 14, 2018
Bluerock Real Estate buys Links at Plum Creek apartments
Bluerock Real Estate, according to public records, paid $61 million for the 264-unit community, which was sold by Sentinel Real Estate Corp.
Jennifer HayesMay 7, 2018
Denver investor acquires South Broadway retail/apartments
Denver County 1. Address: 76-98 S. Broadway, “The Werner Building” & One East Bayaud Ave., “The White Palace Apartments,” Denver Improvements: The White Palace Apartments includes 20 units (10 one-bedroom/one-bath units at 550 sf that rent for $1,395; eight one-bedroom/one baths @ 420 sf that rents for $1,345/mo.; and two one-bedroom units @ 420 sf…
John WinslowMay 4, 2018
Vue21 trades for record $77.6M
The Vue21 apartment property sold for the highest total sales price and highest per-unit price ever achieved for a multifamily asset in Colorado Springs.
Jennifer HayesApril 29, 2018
Downtown Denver’s Westend trades for $128.7 million
The gated community, comprising one- and two-bedroom apartments and built along Denver’s park system along the Platte River, also is walkable to a variety of retailers, employers and additional city amenities.
Jennifer HayesApril 22, 2018
Trio of apartment properties sell for $24.75 million
Marcus & Millichap handled the sale of a trio of apartments in Aurora, which sold for a total of $24.75 million.
Jennifer HayesApril 15, 2018
Lofts on College shatters per- unit price at $1.12 million
A student housing building on University Hill in Boulder sold for a breathtaking price of $1.12 million per unit. The Lofts on College, a 13-unit, 47-bed property that includes 6,000 square feet of ground-level retail space anchored by Starbucks, achieved a sales price of $18.1 million. The price per unit, less the price of the…
Jill Jamieson-NicholsApril 13, 2018
Bluerock draws first Colorado acquisition with Castle Rock apartments
Douglas County Property Location: 1100 Plum Creek Parkway, Castle Rock Property Description: 264-unit apartment complex w/11 three-story buildings plus 4,118-sf clubhouse, total of 252,276 sf rentable area; YOC 1999, brick/frame Land Size: 11.34 acres Density: 23.28 d/u per acre Sales Price: $61.1M, or $231,439 per unit, or $242.20 psf Reception No.: 2018017419 Closing Date: 3/26 Grantor: Social Links Inc., c/o…
John WinslowApril 12, 2018
Firm acquires 390-unit Denver apartment for $128.7 million
Denver County Address or Location: 3500 Rockmont Drive, Denver, “Westend Apartments” Improvements: 390-unit apartment, with 343,138 rentable sf, YOC 2015. There are 251 one-bedroom/one-bath units ranging from 579 sf to 853 sf. The rental rates range from $2.05 to $2.71 per sf. The remaining 139 units consist of two-bedroom/two-bath units ranging from 1,043 to 1,463…
John WinslowApril 11, 2018
One Dartmouth Place apartments sell for $65.5 million
Besyata Investment Group and The Scharf Group acquired the 418-unit community at 11100 E. Dartmouth Ave. in Denver.
Jennifer HayesApril 8, 2018