Greystar pays $119M for Thornton apts.

Greystar added another apartment asset to its portfolio with its purchase of Champions Park Apartments in Thornton. Greystar paid a reported $119 million, or $247,917 per unit, for the 480-unit community, renamed Avana Thornton Station. Eaton Vance’s real estate investment group, according to public records, sold the property, which it purchased in 2012 for $68.26 […]

Jennifer Hayes

July 13, 2020

Colo. apt. vacancy rate remains virtually the same as first quarter

The Colorado Apartment Association reported that the current vacancy rate for Colorado rental properties is 6% – virtually the same as the first quarter Denver Metro Area Apartment Vacancy and Rent Survey’s 5.9% published March 11 despite COVID-19. “It is encouraging to see that Colorado’s rental housing industry remains strong and demand for units is […]

Jennifer Hayes

July 5, 2020

Commercial real estate ‘icon’ Winn moves on to next chapter

Name any commercial real estate trophy asset in Denver, and Mike Winn has probably sold it at least once, and perhaps three or four times. Winn and partner Tim Richey, vice chairmen with CBRE Capital Markets, completed more than $21 billion in office and retail transactions over the last 30 years. They also fostered others’ […]

Jill Jamieson-Nichols

June 29, 2020

Evergreen Development adds Aurora apartments for $46M

Evergreen Development added an Aurora apartment community to its metro Denver portfolio. It paid $46 million, or $171,641 per unit, for the Turnberry Apartments at Heather Ridge, a 268-unit community, at 2038 S. Vaughn Way. It was sold by Kevlyn Investments Inc. “It’s just an amazing location,” John Blackshire of Transwestern said of the community, […]

Jennifer Hayes

June 22, 2020

Enterprise building sells for $85.7 million

A Denver warehouse distribution building sold in one of metro Denver’s largest single building industrial trades. An investor advised by Zurich Alternative Asset Management LLC of New York paid $85.7 million for Enterprise Business Center Building Six, a 647,483-square-foot facility at 3980 Central Park Blvd. in Denver.

Jennifer Hayes

June 15, 2020

Value-add industrial property trades for $3.25 million

A local buyer acquired a value-add industrial property in the heart of Denver’s central submarket for $3.25 million. The more-than-30,000-square foot multitenant property at 5830 Downing St. was purchased by 5830 Downing Street LLC, which is planning improvements to the asset. “While the property had a prime location and multitenant industrial components, it had no […]

Jennifer Hayes

May 24, 2020

Two tenants fill remaining space at 500 W. 53rd Place

A pair of tenants have signed leases at 500 W. 53rd Place in Denver – bringing the 112,509-square-foot industrial facility to full occupancy. Threewit Cooper-Cement Co., a Denver-based masonry building product supplier, leased 25,208 sf and Hajoca Corp., the nation’s largest, privately held whole distributor of plumbing, heating, cooling and industrial supplies, leased 39,202 sf. […]

Jennifer Hayes

May 21, 2020

First tenants sign on to join JAG @ DEN

One of the first industrial opportunity zone projects out of the ground in the United States has its first two tenants. JAG Logistics Center @ DEN, a 250-acre industrial park immediately south of Denver International Airport in Aurora has signed Air General and a second international cargo and logistics company to long-term leases totaling more […]

Jennifer Hayes

May 18, 2020

Local investor acquires Denver apartment community

A Denver investor recently acquired a 12-unit community at a price of more than $216,000 per unit. The buyer, Vince Knight 2020 LLC, purchased the community at 1325 Madison St. in Denver from Fins Frathouse LLC. It paid $2.6 million, or $216,250 per unit and $315 per square foot, for the community, which had a […]

Jennifer Hayes

May 17, 2020

Denver apartments sell for $31.1 million

Elterra Investments traded out of a trio of smaller central Denver apartment properties and into the 78-unit Garfield Park apartments. The private, local investor paid $18.9 million for Garfield Park, located at 1300 and 1325 Garfield St. in Denver’s Congress Park neighborhood. Robert Bratley of CBRE represented Elterra Investments in the acquisition as well as […]

Jennifer Hayes

May 11, 2020