HFF arranges $47.18 million construction loan for apts

Brickhouse at Lamar Station will be located on a 3.75-acre site at 6300 W. 13th Ave., within walking distance of the Lamar Station light-rail stop. 

Jennifer Hayes

February 18, 2019

Jackson Square Properties acquires Centennial Apartments for $74.5 million

Arapahoe County Property Location: 7338 S. Havana St., Centennial, “Elevate Apartments” Property Description: 285-unit apartment complex with 10 buildings, 235,008 sf net rentable area, YOC 2018, masonry/frameconstruction Land Size: 8.04 acres Sales Price: $74.5M, or $261,404 per door Density: 35.45 d/u per acre Reception No.: D9002772 Closing Date: 1/9 Grantor: 7338 Havana Development Company (JH. Curtis Keller),…

John Winslow

February 13, 2019

Eaton Vance buys Lafayette apartments

Ardenne

A Boston-based investment management firm paid $38 million, or $237,500 per unit, for a 160-unit apartment community in Lafayette. Eaton Vance purchased the Ardenne apartments from Fairfield Residential, which completed renovations to a portion of the units. Holliday Fenoglio Fowler Managing Director Jordan Robbins said, “The property was in really good shape” and offers an…

Jill Jamieson-Nichols

February 11, 2019

Colewood Apartments sells for record high $525.76 per rentable square foot

Denver County Property Location: 3860 Tennyson St., Denver, “Colewood Apartments” Property Description: 49-unit, five-story apartment, 36,804 sf rentable area, YOC 2017, & 21,294 sf structured parking with 50 parking spaces Land Size: 15,863 sf Sales Price: $19.35M, or $394,898 per unit, or $525.76 psf Reception No: 2019010751 Closing Date: 1/29/2019 Grantor: RPDG Tennyson Street LLC (J. David…

Jill Jamieson-Nichols

February 11, 2019

Apartments sell for $65.8 million to Cortland Partners

Cortland Partners added a second Colorado Springs apartment community to its portfolio with its acquisition of a newly built asset. 

Jennifer Hayes

February 10, 2019

Mill Creek, Rockwood Capital break ground on Modera LoHi

modera lohi

Mill Creek Residential announced the groundbreaking of Modera LoHi, a luxury apartment community located in the Lower Highland neighborhood.  Alliance Construction is building the project, which was designed by Shears Adkins Rockmore. 

Kris Oppermann Stern

February 3, 2019

Castle Rock apartments sell to Seattle firm for $16.5 million

Douglas County Property Location: 1465 Red Hawk Drive (NWC Wolfensberger Road & Red Hawk Drive), Castle Rock Property Description: 56-unit apartment, 61,435 sf, YOC 2017, masonry/frame construction Land Size: 4.54 acres Sales Price: $16.49M, or $294,554 per unit, or $268.50 psf Reception No.: 101619 2018 Closing Date: 12/27/18 Grantor: Wolfenberger LLLP (Brian R. Bahr, mgr.), 719-598-5190 Grantee:…

John Winslow

February 1, 2019

Indiana multifamily developer acquires 15.76 acres in Thornton

Adams County Property Location: SWC E. 130thAve. & Washington St., Thornton Property Description: Vacant, proposed 283 units multifamily Proposed Name of Apartment: Village at Thorncreek Land Size: 15.76 acres, or 686,414 sf Sales Price: $4.7M, or $6.85 psf, or $16,608 per buildable unit Reception No.: 101619 2018 Closing Date: 12-20-18 Grantor: E Capital Colorado RE I LLC…

John Winslow

January 29, 2019

Eagleview Apartments sell for $8.75M at near record price

The unnamed investor paid $134,615 per unit – the second-highest price per unit paid in Colorado Springs for a property built prior to 1980.

Jennifer Hayes

January 27, 2019

Aspen Hills Apartments proposed in Commerce City

Adams County Property Location: E/S Altura St., 250 feet south of E. 104thAve., Commerce City Property Description: Vacant, proposed apartments Land Size: 7.161 acres Sales Price: $2.11M, or $6.78 psf, or $11,747 per buildable unit Reception No.: 2018000102010 Closing Date: 12-21-18 Grantor: SW 104thLLC (Michael D. Bergmann, mgr.) Grantee: Aspen Hills Apartments LLC Comments: The apartments will contain…

John Winslow

January 25, 2019