Trammell Crow buys downtown Denver site for $20.75 million

Denver County Property Location: 1800 Market St., Denver Property Description: Vacant multifamily site Land Size: 50,179 sf Sales Price: $20.75M, or $413.52 psf, or $68,033 per buildable unit Reception No.: 2018095040 Closing Date: 8/1 Grantor: 1800 Market Tower LLC, c/o BlackRock US Core Property Fund Inc., Elizabeth Kurz, VP, portfolio manager Grantee: 18th& Market LLC, c/o Trammell Crow,…

John Winslow

August 31, 2018

Shaping communities through systems thinking

A wise man once noticed that as his cows were grazing, they were getting lost, one blade of grass at a time. Not only did one cow get lost this way, but also, accordingly, the entire herd would follow and end up in far-off

CREJ

August 26, 2018

Goodman Commercial sells University of Denver apartments

Denver County Property Location: 2441 S. York St., Denver Property Description: 17-unit, three-story apartment, 8,400 sf, YOC 1967, brick Land Size: 6,250 sf Sales Price: $3.1M, or $182,353 per unit, or $369.05 psf Reception No.: 2018093792 Closing Date: 7/27 Grantor: 2441 LLC (Alan G. Hart, mgr.) Grantee: South York Street LLC (Kurt Lochmiller, mgr.) Financing: $1.73M payable…

John Winslow

August 17, 2018

Value-add Aurora apartments snagged for $18.4 million

Arapahoe County Property Location: 11910 E. Kansas Drive, Aurora, “Verona Park Apartments” Property Description: 119-unit, 8-building, three-story apartment complex w/104,880 sf, YOC 1972, renovated in 2015, wood frame construction Land Size: 8.958 acres Sales Price: $18.4M, or $175.44 psf, or $154,622 per unit Reception No.: D8074728 Closing Date: 7/30 Grantor: Mountain View LLC(Jeffrey K. Sanders, mgr.) Grantee:…

John Winslow

August 16, 2018

Denver apartment investor lands 82-unit apartment community for $23.4 million

Denver County Property Location: 1515 Vrain St, Denver, “1515 Flats” Property Description: 82-unit, five-story apartment, 65,090 sf (including 5,995-sf retail space on first floor, YOC 2017 Land Size: 19,315 sf Sales Price: $23.4M, or $359.50 psf, or $285,366 per unit Reception No.: 2018065837 or correction deed 2018068024 Closing Date: 6/13 Grantor: Vrain Street Investments LLC (Leon…

John Winslow

August 9, 2018

Downtown’s 1600 Glenarm sells for $131M

Northland Investment Corp. paid $131 million, or $393,393 per unit, for 1600 Glenarm

Jennifer Hayes

July 30, 2018

Eighth-largest apartment developer in U.S. acquires Castle Rock site

Douglas County Property Location: Southeast corner N. Meadows Drive & Elegant Street, also fronts southwest corner Bilberry Street & Viridian Drive, Castle Rock Property Description: Vacant multifamily land, 16.92 d/u per acre Land Size: 12.08 acres Sales Price: $6.13M, or $11.66 psf, or $30,025 per buildable unit Reception No.: 2018042589 Closing Date: 7/13 Grantor: Castle Rock Development Co.…

John Winslow

July 25, 2018

Iconic Investments LLC snags Cherry Creek site for $204 per square foot

Denver County Property Location: Northwest corner of Garfield St & East 2nds Ave. (201 Garfield St.), Denver Property Description: Vacant land, plans for 26 unit, three-story apartment building Land Size: 37,496 sf Sales Price: $7.65M, or $204.00 psf, or $294,231 per buildable unit Reception No: 2018086674 Closing Date: 7/13 Grantor: Newberry Family LLC (Kien Arnold, mgr.), 303-322-0443 Grantee:…

John Winslow

July 24, 2018

Hunt Mortgage provides FHA mortgage for Wheat Ridge project

The loan was provided for the construction of West End 38 Apartments, a mixed-use project on 2.8 acres at the northwest corner of West 38th Avenue and Upham Street in the Town Center neighborhood. 

Jennifer Hayes

July 23, 2018

Bear Valley Park sells for $63 million

San Francisco-based Jackson Square Properties added to its Denver multifamily holdings with its recent acquisition of the Bear Valley Park Apartments.

Jennifer Hayes

July 22, 2018