Luxe at Mile High apts. sell for $145 million

A 382-unit community located in the shadow of Empower Field at Mile High Stadium sold for $145 million, or $379,581 per unit. OZH Holdings 2 LLC, according to public records, purchased Luxe at Mile High at 3200 W. Colfax Ave. in Denver. “Luxe at Mile High was an interesting transaction because it sold before it…

Jennifer Hayes

February 10, 2020

Fox Crossing community sells for $32.25 million

An investment firm that acquires, owns, renovates and operates affordable, workforce and value-oriented apartment communities across the U.S. made a $34.25 million purchase in Denver. Avanath, according to public records, purchased Fox Crossing, a 220-unit affordable housing community at 8350 E. Yale Ave. It purchased the community from Legacy Partners. Dan Woodward, David Potarf and…

Jennifer Hayes

January 13, 2020

Air-tightness testing requirement comes to Denver

Have you heard the building codes news from the city of Denver? Denver will soon join the city of Fort Collins (which introduced air-tightness testing into its code in 2014) as a Colorado building jurisdiction that requires air-tightness testing

CREJ

January 6, 2020

Denver on the cusp of becoming tier 1 tech hub

Denver has an incredible window of opportunity ahead of itself. Areas with high concentrations or clusters of rapidly growing tech firms have created economic growth and changed office market dynamics. Tech companies leased more than

CREJ

December 20, 2019

Platte Street Plaza: A Place to Sit and Stay a While

Denver’s Platte Street is one of the city’s most established and activated thoroughfares. Linking the Lower Highland neighborhood with downtown Denver, Platte Street achieves a unique sense of place by marrying the old with the new. Preserved and renovated historic properties pay homage to the area’s past as a hub of commerce and industry while forward-thinking mixed-use developments have ushered in a renewed sense of innovation along with new architectural possibilities.

Building Dialogue

December 16, 2019

Grand Peaks, Aegon acquire Monaco South

Grand Peaks added a “family” asset to its portfolio with its recent southeast Denver acquisition. The Denver-headquartered firm, in partnership with Aegon Asset Management, paid $36 million, or $163,636 per unit, for Monaco South, a 220-unit community at 2280 S. Monaco Parkway in Denver. “Monaco South offered investors the opportunity to acquire an asset with…

Jennifer Hayes

December 15, 2019

Pickard Chilton-designed 1144 Fifteenth garners national attention as top 10 project

Pickard Chilton’s 1144 Fifteenth, a 40-story, 1.2 million-gross square-foot office tower project in Colorado that the firm designed for Hines, has been ranked fifth on Emporis’ 2018 Top Ten Skyscrapers List.

Kris Oppermann Stern

December 9, 2019

REIT adds The Muse to Denver apt. holdings

A newly constructed apartment building adjacent to the University of Denver recently sold at a price topping $405,000 per unit. Highlands REIT recently paid $48.7 million, or $405,833 per unit, for the 120-unit apartment community at 2770 S. University Blvd. in Denver. “It is a high-profile location that is going to be pretty strong forever,”…

Jennifer Hayes

December 1, 2019

Where are Denver apartment rents headed in 2020?

Denver continues to be a premier destination for job seekers in this growth cycle, but net migration and total employment growth is decelerating from their peaks set earlier in the cycle.

CREJ

November 22, 2019

Bascom buys Broadway apts. for $90.5M

A longtime player in Colorado’s multifamily market is banking on Broadway. Bascom Northwest Ventures LLC, an affiliate of The Bascom Group LLC, purchased the 1000 South Broadway Apartments, a 260-unit Class A infill community in Denver. The firm paid $90.5 million, or $348,076 per unit, for the community at 1000 S. Broadway. Greystar sold the…

Jennifer Hayes

November 4, 2019