Companies get creative due to Denver’s talent war

A thriving economy is what all of us in business hope for, but there is no doubt that Denver’s robust growth also is creating many challenges for companies. At the top of this list, and permeating all

CREJ

June 23, 2019

HFF arranges $220 million loan for 1144 Fifteenth

A $220 million loan was arranged by Holliday Fenoglio Fowler LP for a Class AA office building in downtown Denver. The HFF team, including Senior Managing Director Eric Tupler, worked on behalf of the borrower, Hines, and its equity partner to secure a 17-year, fixed-rate permanent loan through New York Life Real Estate Investors, on…

Jennifer Hayes

June 22, 2019

Opportunities blossom in Denver’s submarkets

Finding the right office space to call home is never as easy as it seems. Multiple factors – from building type to size to amenities to location – require thoughtful consideration to ensure a company finds a space

CREJ

June 16, 2019

Managed homesharing coming to Union Denver apartments

A Denver-based firm founded last year to create a new type of urban residential model made its first acquisition with the purchase of Union Denver. The firm, daydream apartments, purchased the 13-story, 579-unit property at 1770 Chestnut Place. The sales price for the three-tower property, anchored by Whole Foods Market, which covers a full city…

Jennifer Hayes

June 8, 2019

Amherst Apartments sell in $11.1m off-market deal

A Denver apartment property recently sold in an $11.1 million transaction. The Amherst Apartments at 2775 S. Federal Blvd. was purchased by PARS LLC at a price of $137,037 per unit and a 5.75% cap rate. The 81-unit community was sold by Vukota Amherst Apartments LP. The three-story, garden-style community features a mix of one-…

Jennifer Hayes

June 7, 2019

Cedar Run community sells for $62 million

A Los Angeles-based real estate investment and asset management firm added to its Denver portfolio with its purchase of the Cedar Run Apartments in one of the largest recent multifamily transactions in the Lowry submarket. Gelt Inc. paid $62 million, or $161,500 per unit, for the 384-unit community at 888 S. Oneida St., west of…

Jennifer Hayes

May 31, 2019

Safari Club Apartments in Denver trade for $16.8 million

RedPeak Properties picked up an “iconic” Denver apartment building at a near record-setting price. The Denver-based firm, which acquires, develops and manages apartments in Denver and along the Front Range, paid $16.8 million all cash for the Safari Club Apartments. The 66-unit building at 990 S. Logan St. in Denver sold for $254,545 per unit…

Jennifer Hayes

May 24, 2019

The multifamily market: Hype or the real deal?

Is Denver overbuilt, or are all of these new apartment communities making up for pent-up demand from the past 15 years? Why is multifamily so expensive, and when are cap rates going to adjust for a

CREJ

May 23, 2019

Greyhound site comes to market

A “rare” opportunity to own a key downtown Denver block officially hit the market. The property at 1055 19th St. in Arapahoe Square, known as the Greyhound Redevelopment Site, is on the market. The full city block comprises approximately 2.45 acres with downtown core district zoning, allowing development up to 400 feet. Its zoning makes…

Jennifer Hayes

May 13, 2019
Carvell

Carvell on affordable housing

Affordable housing was the biggest issue in the recent mayoral and City Council elections in Denver, according to award-winning architect Chris Carvell. “Without question,” Carvell told Rebchook Real Estate Corner in late April, before Tuesday's elections in Denver. Carvell has been involved in designing and working closely with developers on affordable housing in Denver for…

John Rebchook

May 9, 2019