The Opus Group, Principal begin building 1919 Mile High Apartments
The Opus Group and joint venture partner Principal Real Estate Investors began construction on 1919 Mile High Apartments, a new multifamily development near Empower Field at Mile High. The 277-unit building will offer a range of studio, one-bedroom and two-bedroom options.
Kris Oppermann SternJuly 12, 2020
Colo. apt. vacancy rate remains virtually the same as first quarter
The Colorado Apartment Association reported that the current vacancy rate for Colorado rental properties is 6% – virtually the same as the first quarter Denver Metro Area Apartment Vacancy and Rent Survey’s 5.9% published March 11 despite COVID-19. “It is encouraging to see that Colorado’s rental housing industry remains strong and demand for units is […]
Jennifer HayesJuly 5, 2020
West Englewood apartment complex secures refinancing
Walker & Dunlop, a national commercial real estate finance and lending institution, arranged a $46.65 million refinance loan for a 272-unit Englewood apartment complex. Walker & Dunlop’s Jay Thomas worked on behalf of the borrower, Capstone at Vallagio, to secure a 10-year, fixed-rate, five-year interest-only loan through Fannie Mae. The lender also offered 65% loan […]
Jenna WaltersJune 29, 2020
Taylor Kohrs completes Indy Street Flats for Metro West Housing Solutions
Taylor Kohrs recently completed construction of Indy Street Flats, a 110,848-square-foot apartment community in Lakewood. Completed over the course of four years, the $23.5 million project was designed by Shopworks Architecture to meet owner Metro West Housing Solutions’ vision of paying tribute to the historic and vibrant nature of the community.
Kris Oppermann SternJune 14, 2020
MPC goes vertical on Highland Development Co.’s West Line Village MF project
Martines Palmeiro Construction broke ground in February on Highland Development Co.’s first ground-up apartment community in the Denver area, an integral addition to the West Line Village development near Sheridan Station.
Kris Oppermann SternJune 7, 2020
California buyer acquires Longmont multifamily asset
A multifamily residential property in Longmont sold for $3.6 million. The Baum Family purchased the 16-unit apartment complex at 1201 21st Ave. in Longmont from an undisclosed seller. Pinnacle Real Estate Advisor’s Luke Salazar, associate adviser, and Jim Knowlton and Robert Lawson, principals, represented the seller, while Pinnacle’s Michael Krebsbach, senior adviser, represented the California-based […]
Jenna WaltersJune 5, 2020
The Met at Boulevard One: Emblematic of Lowry’s Evolution
A half-century after the last training flight took off here, the end of Runway One relaunched as Boulevard One. The 70-acre, mixed-use development represents the final phase of the planned build-out at Lowry, with more than 100 single-family homes, 250 attached homes, 420 apartments and 100 condominiums, including the new Met at Boulevard One.
Building DialogueJune 1, 2020
California buyer acquires luxury multifamily property in Broomfield
A newly constructed, luxury multifamily property in Broomfield sold for $90.72 million. Oakmont Properties purchased Caliber at Flatirons, a 288-unit apartment complex at 13872 Del Corso Way in Broomfield, from seller and developer The Garrett Cos. of Greenwood, Indiana. Dan Woodward, David Potarf and Matt Barnett of CBRE’s Denver office represented the buyer in the […]
Jenna WaltersMay 18, 2020
Construction projects continue in metro Denver despite COVID-19
Construction projects in Denver have been able to continue despite the challenges of COVID-19.
Kris Oppermann SternMay 18, 2020
Local investor acquires Denver apartment community
A Denver investor recently acquired a 12-unit community at a price of more than $216,000 per unit. The buyer, Vince Knight 2020 LLC, purchased the community at 1325 Madison St. in Denver from Fins Frathouse LLC. It paid $2.6 million, or $216,250 per unit and $315 per square foot, for the community, which had a […]
Jennifer HayesMay 17, 2020