Copper Canyon trades for $58.75 million

An Atlanta-based national real estate investment company made its foray into the Mountain West with its acquisition of Copper Canyon. Carroll, a privately held real estate company that focuses on multifamily properties, paid a reported $58.75 million for Copper Canyon, a 222-unit, garden-style apartment community at 3380 E. County Line Road in Highlands Ranch. The…

Jennifer Hayes

October 7, 2019

Armory’s future fortified with apartments

Developers have fortified plans for the historic Armory site in North Boulder. Atlanta-based Pollack Shores Real Estate Group will join owners Bruce Dierking and Jim Loftus to develop an approximately $90 million, 201-unit apartment community on the property at 4750 Broadway. Located in the North Boulder, or NoBo, Art District, The Armory will be a…

Jill Jamieson-Nichols

September 15, 2019

Littleton’s The Station trades for $20.73M to Pathfinder Partners

A San Diego-based firm that specializes in the investment of value-add properties and distressed real estate assets purchased a Littleton apartment community at a record price. Pathfinder Partners paid $20.73 million for The Station, a 97-unit apartment community at 2100 W. Berry Ave. Built in 1983, The Station comprises 17 studio, 44 one-bedroom and 36…

Jennifer Hayes

September 8, 2019

The exciting future of multifamily design in Colo.

Today’s multifamily experience undoubtedly has matured over recent decades.

CREJ

September 6, 2019

Northeast Denver Housing Center: Moline at Stapleton affordable apartments

Developed by Northeast Denver Housing Center, designed by Cuningham Group and built by Palace Construction, the Moline at Stapleton apartments will provide a home for 180 families earning up to 60% of Denver’s area median income and distributed among one-, two- and three-bedroom units.

Kris Oppermann Stern

August 26, 2019

Increasing demand from renters for larger units

As homeownership in Denver becomes increasingly more expensive, we expect demand for larger rental units to increase.

CREJ

August 25, 2019

Denver apts.: Climate change or just weather?

Planning is paramount in developing strategic initiatives, increasing flexibility and reducing risk across all businesses and industries, including multifamily.

CREJ

August 22, 2019

Copperleaf Place lures private investors, sells for $21.83M

A California investor beat out the competition to acquire a newly completed Fort Collins apartment community for $21.83 million, or $232,181 per unit. Warm Springs Holdings LLC bought Copperleaf Place from a Brinkman affiliate that developed the apartments in 2018. The 94-unit property is located at 3425 S. Shield St. in southwestern Fort Collins. David…

Jill Jamieson-Nichols

August 22, 2019

The impact of mill levies on property value

Developers from out of state, namely Texas, where real estate taxes are much higher, typically are pleased to see how low taxes are in Colorado.

CREJ

August 21, 2019

Koelbel, partners complete Westminster affordable housing project

Koelbel and Co., in partnership with Mile High Development and Longs Peak Advisors, recently completed 8877 Eaton St., 118 affordable housing units in the Downtown Westminster redevelopment of the old Westminster Mall. OZ Architecture designed the project, which Milender White began building in January 2018. 

Kris Oppermann Stern

August 19, 2019