Goldman Sachs finds a gem with the $121.75M purchase of the Pearl Apts. @ DTC
Denver County Property Location: 7571 E. Technology Way, “The Pearl Apartments at DTC” Property Description: 408-unit, three-story apartment complex with 17 buildings plus 6,411-sf clubhouse, 281,112 sf net rentable area, YOC 2014, brick/stucco construction Land Size: 16.526 acres Density: 24.7 d/u per acre Sales Price: $121.75M, or $297,677 per unit, or $433.10 psf Reception No.: 2018060565…
John Winslow
June 6, 2018
Brighton apartments sell to Chicago investor for $9.5 million
Adams County Sale No. 1 Property Location: 101-131-151 W. Egbert St., Brighton “Terrace Apts.” Property Description: 36-unit, three-story walkup apartment, 25,920 sf, YOC 1966 Sales Price: $4.4M Reception No.: 2018000041317 Closing Date: 5/25 Grantor: Brighton Terrace Apartments LLC, Jeff L. Young, mgr. Grantee: 29SC Phoenix LLC, c/o 29thStreet Capital, Jay Neal, 720-980-1166 Comments: This all-two-bedroom-unit, three-building complex rents from…
John Winslow
June 5, 2018
Laramar grows its Denver apt. portfolio with Helix buy
Chicago-based Laramar added to its Denver holdings with The Helix.
Jolene Wollett
June 3, 2018
New multifamily concept leads Arizona developer to $2 million land deal
Adams County Property Location: SEC S. 27thAve. & Eagle Blvd., SWC Peregrine & Eagle, Aurora Property Description: Vacant land, 136 units planned for detached rental units Land Size: 12.317 acres Sales Price: $2M, or $3.73 psf, or $14,706 per unit Reception No.: 29316 2018 Density: 11.04 d/u per acre Closing Date:4/11 Grantor: The Prairie Center Development LLC, Milan…
John Winslow
May 24, 2018
Turn-of-the-century apartment building sells for $8.2 million
Denver County Property Location: 1010 E. 13thAve., Denver,“Le Cirque Apartments” Property Description: 45-unit, three-story apartment w/22,892 sf, YOC 1904 Land Size: 17,062 sf Sales Price: $8.2M, or $182,222 per door, or $358.20 psf Reception No.: 2018050658 Closing Date: 5/1 Grantor: Saratoga Le Cirque LLC, Yoshiko Heimsoth, mgr. Grantee: JM Logan LLC, Jason McCool, mbr., 303-300-6786 Financing: $5.74M payable to…
John Winslow
May 23, 2018
Lennar Multifamily snags site in Golden Triangle for $200 per square foot
Denver County Property Location: SWC Acoma St. & W. 10thAve.; SEC Bannock St. & W. 10thAve., *990 Bannock St., Denver Property Description: Vacant 101,500-sf, five-story office building, YOC 1982 Land Size: 92,210 sf Sales Price: $18.5M, or $200.63 psf Reception No.: 2018051931 Closing Date: 4/30 Grantor: Megastar Holdings LLC, Anita Padilla-Fitzgerald, CEO, 303-321-8800 Grantee: LMC 10th & Acoma Holdings LLC,…
John Winslow
May 22, 2018
Willow Run Village apartments sell for $50 million
Broomfield County Property Location: 12616 Zuni St., Broomfield, “Willow Run Village Apts.” Property Description: 216-unit apartment with 222,768 sf, YOC 1999, updated in 2017, frame construction, 26 buildings Land Size: 10.52 acres Sales Price: $50M, or $231,481 per unit Closing Date: 4/5 Grantor: GB Willow Run LLC c/o Griffis Blessing Inc., Gary Winegar, mgr. Grantee: MOB Park…
John Winslow
May 15, 2018
Riverfront Apartments in Silverthorne sell for $7.48 million
The Riverfront Apartments, located at 681-699 Center Circle, was purchased by Anchor Riverfront LLC for $7.48 million.
Jolene Wollett
May 14, 2018
Hamilton Zanze grows with Willow Run buy
San Francisco-based real estate investment firm Hamilton Zanze added to its Colorado portfolio with a $50 million acquisition in Broomfield.
Jolene Wollett
May 14, 2018
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 Winslow
May 14, 2018
