Airbnb: The $31 billion gorilla in the room
Revenue generated by the sharing economy totaled $15 billion in 2014, a figure expected to grow to $335 billion by 2025, propelled by exponential growth of Uber and that $31 billion gorilla in the room – Airbnb.
CREJ
November 13, 2017Life insurance cos. way to go for MF loans, Keepper says
Life insurance companies increasingly are a better option than Fannie Mae or Freddie Mac for investors buying apartment buildings, according to veteran mortgage banker Peter Keepper. Freddie and Fannie, known as government sponsored enterprises, or GSEs, have been the single biggest lenders for multifamily acquisitions in Denver and across the U.S. in recent years. Keepper…
Kris Oppermann Stern
November 13, 2017Absorption for apartments strong
Absorption. The late George Wallace, founder of the Denver Tech Center, told me in the 1980s that the absorption rate was the single most important metric for measuring the health of a real estate market. That was an era when Denver’s economy was being hammered by a drop in oil prices and changes in tax…
Kris Oppermann Stern
November 8, 2017Floor 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…
Kris Oppermann Stern
November 6, 2017HFF 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.
Jolene Wollett
November 5, 2017Partnership 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.
Jolene Wollett
October 30, 2017Greenwood Park apartments sell
The buyers purchased the 291-unit Greenwood Park property in a value-added play.
Jolene Wollett
October 29, 2017Bruteig 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…
Kris Oppermann Stern
October 25, 2017Apartment sale sets off chain of Northern Colorado transactions
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Kris Oppermann Stern
October 23, 2017AMLI 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.
Jolene Wollett
October 16, 2017