Floor plans forte for Weinstein
Floor plans may not have the appeal of flashy apartment amenities such as top-of-the-line fitness centers, dog washing stations, bike maintenance shops and business centers. But to retired architect Mervin F. Weinstein, a good floor plan can pay huge dividends for the owner of apartment and condo buildings. In one case, Weinstein estimates the owner…
John RebchookNovember 6, 2017
HFF arranges $11 million apt. loan
The HFF team worked on behalf of a partnership between Element Properties and Signature Partners to place the 10-year, fixed-rate loan with Freddie Mac for 2121 Canyon, a 60-unit midrise property.
Jennifer HayesNovember 5, 2017
Partnership pays $121.6M for Parkhouse
Starlight Investments, a Toronto-based privately held, full-service real estate investment and asset management company, with Canadian pension funds Public Sector Pension Investment Board and Alberta Investment Management Corp., purchased the 465-unit community at 14310 Grant St.
Jennifer HayesOctober 30, 2017
Greenwood Park apartments sell
The buyers purchased the 291-unit Greenwood Park property in a value-added play.
Jennifer HayesOctober 29, 2017
Bruteig brings ‘cold, hard facts’ to CREJ conference
Bruteig’s bully pulpit. Cary Bruteig, the go-to apartment authority for everyone in the multifamily business, book-ended the half-day multifamily conference last week that drew about 500 brokers, lenders, developers and others on the ground floor of the Front Range apartment market. Bruteig not only provided a detailed analysis of where the Denver-area and Front Range…
John RebchookOctober 25, 2017
Apartment sale sets off chain of Northern Colorado transactions
The sale of a Longmont apartment community triggered a domino effect that led to multimillion-dollar sales of apartment and retail properties in Fort Collins and Loveland. Warm Springs Holdings LLC bought the 24-unit Vantage Apartments at 26 Emery Way in Longmont from Blutegel LLLP, a Boulder investor, for $3.3 million. The property consists of two-bedroom,…
Jill Jamieson-NicholsOctober 23, 2017
AMLI invests in RiNo with $89.25M buy
Argyle Residential sold the River North property, renamed AMLI Denargo Market, which is situated within the Denargo Planned Unit Development.
Jennifer HayesOctober 16, 2017
‘First-in-class’ apartments sell for $91 million
The partnership paid $91 million for the 304-unit Alara at Greenwood Village, renamed Isabella Greenwood Village.
Jennifer HayesOctober 13, 2017
Steele Creek sells for $141.5 million
BMC Investments sold the 12-story, 218-unit property at a price topping $649,000 per unit.
Jennifer HayesOctober 10, 2017
Hawks – CREJ apartment conference coming Oct. 19
Jeff Hawks would be disappointed if he listed a Denver area apartment community and didn't receive at least 10 offers. Hawks is seldom disappointed these days. “To a lot of people’s surprise, the apartment market is holding up fairly well. Everyone believed that we were overbuilding” and Denver’s red-hot apartment market was cooling, said Hawks,…
John RebchookOctober 4, 2017