Griffis grows with $73.25 million Cherry Creek purchase
Griffis Residential grew its metro Denver apartment portfolio with its purchase in Cherry Creek. The multifamily real estate investment company purchased the Alexan Cherry Creek community – renamed Griffis Cherry Creek North – from Trammell Crow Residential for a reported $73.25 million, according to public records. JLL declined to comment on transaction specifics but noted […]
Jennifer Hayes
December 7, 2020
JLL arranges $67M loan for luxury apartment project
JLL Capital Markets arranged a $67 million construction loan for a luxury apartment complex in Denver. Campbell Roche and Eric Tupler of JLL worked on behalf of the borrower, Cypress Real Estate Advisors, to secure the five-year, floating-rate loan. Pacific Western Bank provided the financing. The borrower plans to use the loan to develop The […]
Jenna Walters
October 23, 2020
Volta at Voyager sale sets record
A Colorado-based investment group made its first acquisition in Colorado Springs with the highest per-unit price ever for a multifamily asset in the Southern Colorado city. Mountain View Capital paid $52.6 million, or $263,000 per unit, for the 200-unit Volta at Voyager community. The sale of Volta at Voyager just eclipsed the previous highest-per-unit-price of […]
Jennifer Hayes
September 14, 2020
Rev360 tenants plan for July move-in to new RiNo building
A River North neighborhood development bringing office space downtown will wrap up in July. The Rev360 project, a joint venture between Ed Haselden, Rob Cohen, Tributary Real Estate, Keystone Equities and Avenue Property Group, will be complete in July with tenant improvements starting within the next month and move-ins happening shortly after. The development is […]
Jenna Walters
June 15, 2020
Partnership receives refi loan for predevelopment of River Mile project
A $124.6 million refinance loan was arranged for the eventual redevelopment of the Elitch Gardens theme and water park in downtown Denver. JLL Capital Markets worked on behalf of the borrower, a partnership of Kroenke Sports and Entertainment and Revesco Properties, to place the five-year, floating-rate loan with Pacific Western Bank. Loan proceeds will be…
Jennifer Hayes
March 30, 2020
Howell Construction completes Comcast’s corporate office renovation in Denver
Howell Construction completed Comcast’s occupied, 135,000-square-foot corporate interior renovation, as well as the removal and replacement of the parking lot at its Denver Iliff location. Howell worked with Comcast, JLL and Acquilano to develop a project plan that executed the client’s vision on time and within budget.
Kris Oppermann Stern
March 15, 2020
Gelt pays $145.5M for Lakewood apts.
A Los Angeles-based real estate investment and asset management firm boosted its metro Denver apartment portfolio with its $145.5 million buy of the Kallisto at Bear Creek community. Gelt Inc. paid $308,263 per unit for the 472-unit community at 2605 S. Miller Drive in Lakewood. “Gelt has been attracted to the Denver market because the…
Jennifer Hayes
February 10, 2020
Oak Coast Properties pays $143 million for Courtyards at Buckley
Oak Coast Properties picked up its 12th Denver community with its $143 million purchase of the Courtyards at Buckley in Aurora. With the acquisition of the Courtyards at Buckley, Oak Coast has completed $320 million in real estate purchases in the past 12 months in the Denver metro area. “Denver continues to outshine other markets…
Jennifer Hayes
February 3, 2020
The Presidio office sells for $12.29M
An Idaho-based real estate investment company expanded its Colorado presence with its purchase of The Presidio.
Jennifer Hayes
August 19, 2019