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 HayesOctober 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-NicholsSeptember 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 HayesSeptember 8, 2019
The exciting future of multifamily design in Colo.
Today’s multifamily experience undoubtedly has matured over recent decades.
CREJSeptember 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 SternAugust 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.
CREJAugust 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.
CREJAugust 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-NicholsAugust 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.
CREJAugust 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 SternAugust 19, 2019