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.

I teamed with Sam DePizzol, Newmark Knight Frank’s executive managing director, to discuss market insight and highlights of downtown Denver’s office market.

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.

We face real challenges to the affordable housing issue. In both the public and political arena, the increase in demand for attainable housing, coupled with hurdles to create more housing, is a growing problem.

In October, Newmark Knight Frank Multifamily Vice Chairman Shane Ozment emceed and presented at Colorado Real Estate Journal’s 2018 Fall Multifamily Conference. Ozment, specializing in the marketing and sale

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. 

Waterton, according to Adams County public records, paid $71.9 million for the 280-unit garden apartment community, which was sold by Real Capital Solutions. 

Built in 1974, Esprit at Cherry Creek comprises one- and two-bedroom units in nine buildings. 

Holliday Fenoglio Fowler LP refinanced the California Mall building, a 42,890-square-foot, fully leased, multitenant building along the 16th Street Mall in downtown Denver.