‘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 Hayes

October 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 Hayes

October 10, 2017
Hawks

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 Rebchook

October 4, 2017
Hutchison

Hutchison heads fast-growing Mission Rock

Patricia Hutchison, president of Mission Rock Residential, just returned from a weeklong trip to Houston, surveying the damage of apartment communities her Denver-based company manages in the wake of Hurricane Harvey. Thankfully, only two of the communities suffered any damage, it wasn’t as bad as she feared, and she returned to Denver. Colorado is the…

John Rebchook

September 27, 2017
Solana

Solana in Highlands Ranch checks all the boxes

If you had a blank suburban canvas and had a checklist for a first-class apartment community, it would be hard to beat the 9.89-acre site that is home to Solana Lucent Station. Solana Lucent Station is truly at Main & Main. Site plan for the Solana Lucent Station. Notice how close the future light-rail station…

John Rebchook

September 13, 2017
daycare

Daycare center kismet

Lore has it that clients of McKinley & Hill Antiques included Ralph Lauren, Hugh Hefner and Oprah. The after-hour “sherry hour” soirees in the establishment that among other things sports an indoor, 12-foot-deep swimming pool in Wheat Ridge, were as legendary as the clients of the proprietors, Bud Hill and Matt McKinley. McKinley died about…

John Rebchook

June 6, 2017
Infinity LoHi

Infinity LoHi opening its doors

Infinity LoHi is the latest luxury apartment community opening its doors in the trendy Lower Highland area. The 273-unit community at 2298 W. 28th Ave. is taking appointment from renters. The first residents can start to move in in May. Infinity LoHi is the first apartment community in Denver by Florida-based Richman Signature Properties. “Incredible things…

John Rebchook

April 21, 2017
Mill Creek

Mill Creek bullish on Denver

Mill Creek Residential, a privately held apartment developer, has been planting its flag in some of Denver’s trendiest neighborhoods. Together, the privately held, Dallas-based company has more than 1,300 units owned, under construction or on the drawing board in Denver neighborhoods My back-of-the-envelope estimate is that the total sales value of the communities would top…

John Rebchook

March 23, 2017
millennials

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

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