With 10,200 apartment units either under construction or in planning in downtown Denver (according to Apartment Insights’ third-quarter data), many are speculating that the market is overbuilt. Ten thousand is a big number –
Chicago-based Laramar Group purchased the portfolio, which comprises The Rise at Cherry Creek at 848 S. Dexter St., The Edge at Cherry Creek at 4600 E. Kentucky Ave. and The Vue at Cherry Creek at 4805 E. Kentucky Ave. in Denver.
Denver’s office market continued full steam ahead, as year-to-date absorption rose to 1.1 million square feet in the second quarter, which nearly equals the 1.2 million sf absorbed in the entire 12 months of 2017. The
The real estate investment trust, which specializes in the acquisition, development and management of apartment properties, acquired the Alexan Uptown and Skyhouse Denver properties for a reported $274.72 million in its first two acquisitions in the Denver market since exiting it in January 2016.