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Equitable Residential buys Radius Uptown for $134.97 million

Denver County Property Location: 1985 Logan St., Denver, “The Radius Uptown Apartments" Property Description: 372-unit, 12-story apartment, 287,625 sf, YOC 2016 Land Size: 54,419 sf Sales Price: $134.97M, or $362,823 per unit, or $469.26 psf Reception No.: 2018106349 Closing Date: 8/21 Grantor: Uptown Denver Apartments LLC, c/o Trammell Crow (Jarvie Worcester & Matthew Schildt, 303-284-7108) Grantee: EQR-Radius…

John Winslow

September 20, 2018

Equity Residential returns to Denver

The real estate investment trust, which specializes in the acquisition, development and management of apartment properties, acquired the Alexan Uptown and Skyhouse Denver properties for a reported $274.72 million in its first two acquisitions in the Denver market since exiting it in January 2016. 

Jolene Wollett

September 17, 2018

Infinity Communities acquires 43,283-sf site for $7.04M

Denver County Property Location: NEC Zuni St. & W. 31st Ave. (2331 W. 31st Ave. & 3130 Zuni St.) & 3125 Wyandot St. Property Description: Land value, misc. improvements Land Size: 43,283 sf Sales Price: $7.04M, or $162.74 psf Reception No.: 2018097436 Closing Date: 8/2 Grantor: State of Colorado, Don Brown, 303-869-9000 Grantee: The Zuni31 LLC, c/o…

John Winslow

September 5, 2018

HFF arranges $63 million loan for Littleton apartments

Situated just off C-470 and near the Mineral light-rail station, HiLine features a mix of one-, two- and three-bedroom units.

Jolene Wollett

September 2, 2018

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

Jolene Wollett

July 30, 2018