Millenials making it in Mile High

Millennials. Every city wants them. Denver is actually getting them. A fair share of the 10,000 or so people moving to the Mile High City every month are in the coveted demographic group. Many of these millennials are renters, good news for the Denver area multifamily market. “Millennials are the biggest generation ever” and also…

John Rebchook

March 20, 2017

Multifamily run not over, Hawks says

Last year was the Year of the Monkey, according to the Chinese zodiac. But in Denver, 2016 was the Year of the Multifamily. The multifamily industry in the Denver area was one for the record books last year. More than $4.5 billion in apartments traded hands in 2016, according to Jeff Hawks, vice chairman of…

John Rebchook

March 8, 2017

Bell makes blockbuster deal in Broomfield

The company that last year made the biggest apartment purchase in Denver-area history with a $255 million acquisition, has made another blockbuster deal along the U.S. 36 corridor. Bell Partners Inc. paid $116.3 million, or $232,600 per unit for the AMLI at Flatirons apartment community at 210 Summit Boulevard in Broomfield, according to public records. Bell…

John Rebchook

August 23, 2016