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. 

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:…

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…

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.

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…

The buyer paid $40.25 million for the 155-unit, Class A community at 6500 W. 13th Ave. in Lakewood, steps from the Lamar light-rail station. 

A Los Angeles-based private investment company made its foray into the Colorado multifamily market with the purchase of more than $88 million in properties.

Denver County Property Location: 1432 Pennsylvania St., Denver, “Glenellen Apartments” Property Description: Eight-unit, three-story apartment building, 8,664 sf, YOC 1919, brick construction Land Size: 6,250 sf Sales Price: $2.38M, or $296,875 per door, or $274.12 psf Reception No.:2018152667 Closing Date: 11/28 Grantor: 1432 Pennsylvania Street LLC Grantee: Eight Point Properties LP, c/o BRC Real Estate LLC (Michael…

Ironwood at Red Rocks, currently finishing lease-up, features a mix of one-, two- and three-bedroom units, the latter of which average more than 1,300 square feet. 

The properties, Infinity LoHi and Centric LoHi, located in the coveted LoHi neighborhood of Denver, recently sold in separate transactions at prices topping $400,000 per unit.