Aspen Heights Partners breaks ground on luxury multifamily project in Lakewood

Aspen Heights Partners, a vertically integrated real estate developer of lifestyle-oriented residential communities, has started construction on a 351-unit multifamily community on Wadsworth Boulevard in Lakewood.

Kris Oppermann Stern

September 20, 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

George Smith Partners secures $62M for mixed-use property

A $62.75 million refinance loan was arranged for a newly constructed mixed-use property in Longmont. George Smith Partners worked on the behalf of the borrower, Mass Equities Inc., to secure a cash-neutral, nonrecourse bridge loan to refinance the maturing high-leverage construction debt on South Main Station Apartments, a newly built, 253-unit, Class A property. Kennedy […]

Jenna Walters

August 17, 2020

Longmont apt. complex sells for $13.7M

A multifamily asset in Longmont sold for $13.7 million. According to public records, Quail Housing LLC purchased the Quail Village Apartments, the 72-unit apartment complex at 321 Quail Road, from seller Quail Village LP. Taylor Froland, Dan Woodward, David Potarf, Matthew Barnett and Jake Young of CBRE represented the seller. The buyer was unrepresented. The […]

Jenna Walters

August 17, 2020

Strong fundamentals to help us thrive post-pandemic

In the middle of March, the COVID-19 pandemic took over the U.S. and abruptly stopped the world’s largest economy, with no certainty of what could happen next. Mass layoffs occurred quickly in the restaurant and

CREJ

August 11, 2020

Developers report delays in permitting, starts

COVID-19 has disrupted the commercial real estate industry in more ways than we can count. Some of those changes have been positive, such as accelerating the industry’s embrace of virtual leasing. Others, however,

CREJ

August 10, 2020

Denver’s decade-long rent growth ends in second quarter

For the first time in more than a decade, the Denver apartment market saw declining year-over-year rent growth, according to the Apartment Association of Metro Denver’s quarterly Denver Metro Area Apartment Vacancy and Rent Survey. The second-quarter survey, conducted by the University of Denver’s Daniels College of Business and Colorado Economic Management Associates, noted that compared to second-quarter 2019, average rent decreased to $1,506 per month, a $30 monthly decrease and a $360 annual decrease. This represents an inflation-adjusted 2.1% decrease in rents. The last time rents were lower than the period 12 months earlier was in the first quarter of 2010.

Jennifer Hayes

August 3, 2020

Upcoming Colorado evictions: The sky is not falling

With millions of dollars in federal COVID-19 relief grant funds at stake and widespread unease about the economic impact of virus-related restrictions, political profiteers, clever enough to form a nonprofit corporation

CREJ

August 3, 2020

COVID-19 affects multihousing pricing, underwriting

Like so many real estate professionals, my days during this COVID-19 pandemic have been filled with more conference calls than I’m even able to count. Understandably, everyone is searching for real-time information

CREJ

August 3, 2020

Mixed-use Boulder property sells to local investor for $2.95M

A multitenant, mixed-use property in downtown Boulder sold for $2.95 million. Prospect Investments LLC, a Denver-based real estate investment firm, purchased the two-story, 9,700-square-foot property at 1110 13th St. from seller Andy James. Tucker Brown of Re/Max represented the buyer, while Eric Rutherford of WK Real Estate represented the seller. According to Rutherford, the property’s […]

Jenna Walters

July 26, 2020