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
BMC invests in Aurora workforce housing
Denver-based BMC Investments paid $31.5 million, or $111,702 per unit, for Vista Park, a 282-unit, value-add asset at 12707 E. Mississippi Ave.
Jennifer HayesApril 8, 2018
Denver real estate a relative bargain
Denver real estate is a bargain...at least if you are coming from San Francisco. Pilot John R. Tennyson late last year moved from San Francisco to Denver. Tennyson, a pilot with Southwest Airlines, brings a mile-high perspective to the Mile High city's real estate, which has never been more expensive. In Denver, Tennyson was able to buy…
John RebchookApril 4, 2018
Buchtel Park Apartments sells for $46.25M
The community, renamed RedPeak Colorado Station, which spans seven buildings, was constructed in 1963 and 1971 on 9 acres of “parklike” grounds.
Jennifer HayesMarch 25, 2018