Denver apts.: Climate change or just weather?
Planning is paramount in developing strategic initiatives, increasing flexibility and reducing risk across all businesses and industries, including multifamily.
CREJ
August 22, 2019Copperleaf Place lures private investors, sells for $21.83M
A California investor beat out the competition to acquire a newly completed Fort Collins apartment community for $21.83 million, or $232,181 per unit. Warm Springs Holdings LLC bought Copperleaf Place from a Brinkman affiliate that developed the apartments in 2018. The 94-unit property is located at 3425 S. Shield St. in southwestern Fort Collins. David…
Kris Oppermann Stern
August 22, 2019The impact of mill levies on property value
Developers from out of state, namely Texas, where real estate taxes are much higher, typically are pleased to see how low taxes are in Colorado.
CREJ
August 21, 2019Springs’ booming economy impacts apartment market
Colorado Springs rewrites the rulebook on millennial appeal, creating a reputation as a hot spot for young professionals seeking a higher quality of life.
CREJ
August 18, 2019Are we there yet? Denver’s multifamily market
Denver (and most of the country) is coming up on 10 years of continued economic expansion.
CREJ
August 18, 2019Housing crisis motivates innovative, new approaches
A recent report by ATTOM Data Solutions announced Denver as the worst county for home affordability in the United States, as a percentage of income necessary to afford a median-priced home relative to historic averages.
CREJ
August 18, 2019Limited new homes will reverse affordable progress
The record-breaking amount of new apartment construction in the last several years has yielded exactly what economists would predict: Rent growth has fallen from double-digit highs earlier this decade to below the rate of inflation over the last 12 months.
CREJ
August 17, 2019Caliber at Cornerstar sells for $40.75M to California buyer
Scandic Capital LLC paid $291,071 per unit for the Caliber at Cornerstar, a 140-unit community completed last year at 15930 E. Briarwood Circle.
Jolene Wollett
August 4, 2019McWhinney enters Longmont market with Clovis Point
A 208-unit apartment community off the Diagonal Highway in Longmont is set to deliver its first units in mid-2020. Clovis Point is McWhinney’s first development in Longmont, a community it has been eyeing for some time. “McWhinney has been exploring various development opportunities in Longmont over a number of years, so we are pleased to…
Kris Oppermann Stern
June 29, 2019Loveland apartments sell in $206.5 million portfolio deal
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Kris Oppermann Stern
June 14, 2019