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Denver apartments change hands

Denver County Property Location: 605 26thSt., Denver, “Wise Harris Arms Apartments” Property Description: 23-unit, two-story apartment, 12,390 sf, YOC 1889, renovated in 2017, brick construction (all one-bedroom units) Land Size: 9,394 sf Sales Price: $3.03M, or $131,522 per door, or $244.15 psf Reception No.: 2019016927 Closing Date: 2/13 Grantor: 2445 Lawrence LLC (Jason Koch & Rawleigh Pyne,…

John Winslow

February 26, 2019

Property sells for 292 apartment units

Denver County Property Location: SEC West 16th Ave. & Grove St., 1570 Grove, Denver Property Description: Land value, proposed seven-story, 292-unit apartment Land Size: 91,897 sf Sales Price: $13.2M, or $143.64 psf, or $45,205 per buildable unit Density: 138.39 d/u per acre Reception No.: 2019013464 Closing Date: 2/6 Grantor: JP Grove LLC, c/o Jordon Perlmutter Co., Jay Perlmutter, mgr.…

John Winslow

February 22, 2019
SLC

SLC breaks ground on Rêve Boulder

Southern Land Co. (SLC), announced on Tuesday that it has broken ground on its long-awaited mixed-use community across from the new Google campus in Boulder. The six-acre, four-building Rêve Boulder, at 30th and Pearl Streets, is across from Google’s new office campus. Rêve Boulder will include luxury apartments, retail and office space. It marks SLC’s…

Kris Oppermann Stern

February 20, 2019

Red Peak pays $39 million for 206 units in Denver

Denver County Property Location: 960 S. Logan St., 10 S. Pennsylvania St., 899 N. Washington St., 1360 Williams St., 1402 N. Race St., 1280 Lafayette St. (6 buildings) Property Description: 960 S. Logan St. – 23-unit, three-story walk-up style apartment, 12,675 sf, YOC 1967, brick construction; 10 S. Pennsylvania St. – 37-unit, five-story apartment, 19,139…

John Winslow

February 20, 2019

Broadstone Montane Apartments snagged by Canada-based investor

Douglas County Property Location: 18301 Cottonwood Drive, Parker, “Broadstone Montane Apts.,” NEC Parker Road Hwy. 83 & East Cottonwood Drive Property Description: 400-unit apartment complex with 23 buildings, 484,534 sf of gross building area, plus 9,955-sf clubhouse, YOC 2018, masonry/frameconstruction Land Size: 22.16 acres Sales Price: $120M, or $300,000 per door Density: 18.05 d/u per acre Reception…

John Winslow

February 19, 2019

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. 

Jolene Wollett

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
Ardenne

Eaton Vance buys Lafayette apartments

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

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…

Kris Oppermann Stern

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. 

Jolene Wollett

February 10, 2019