Starlight adds Broadstone Montane with $120M buy
Located at 18301 Cottonwood Drive, near the intersection of E-470 and Highway 83, the complex comprises 23 three-story apartment buildings.
Jolene Wollett
March 10, 2019The Henry: Modern Sophistication with a Nod to Denver’s Prairie Style Roots
The Henry sits on a 4-acre, triangle-shaped parcel in the Gates redevelopment area framed by East Mississippi, South Sherman and the Valley Highway/light rail lines. After some careful study, Carmel Partners came on board as owner, developer and contractor.
Building Dialogue
March 3, 2019Denver apartments change hands
Denver County Property Location: 605 26thSt., Denver, “Wise Harris Arms Apartments” Property Description: 23-unit, two-story apartment, 12,390 sf, YOC 1889, renovated in 2017, brick construction (all one-bedroom units) Land Size: 9,394 sf Sales Price: $3.03M, or $131,522 per door, or $244.15 psf Reception No.: 2019016927 Closing Date: 2/13 Grantor: 2445 Lawrence LLC (Jason Koch & Rawleigh Pyne,…
John Winslow
February 26, 2019Construction is complete on Yale 25 Station apartment project
Construction is complete on the Yale 25 Station apartments located at 5121 E. Yale Ave. in Denver. Yale Station is a five-story, transit-oriented apartment complex located in the heart of Denver close to restaurants, shopping and transportation. Jordon Perlmutter & Co. developed the project, which was designed by OZ Architecture and built by Shaw Construction.
Kris Oppermann Stern
February 25, 2019How it all relates: Student debt, rents and mortgages
True to form, the relationship between student loan debt and homeownership rate has proven to be adversarial, as monthly student loan payments reduce one’s ability to obtain a mortgage.
CREJ
February 25, 2019Orion adds Eagle Crest Apartments to local holdings
Eagle Crest Apartments comprises a mix of one-, two-, three- and four-bedroom units.
Jolene Wollett
February 24, 2019Betters retires from Loveland Housing Authority
In November, Colorado’s longest-serving public housing authority executive director retired. When Sam Betters, of the Loveland Housing Authority, was asked why he decided to step down, he simply
CREJ
February 24, 2019Strong metrics keep sentiment cautiously optimistic
At the end of January, what felt like the entire multifamily industry in North America converged on the scene in San Diego for the National Multifamily Housing Council annual meeting. The week at NMHC
CREJ
February 22, 2019Property sells for 292 apartment units
Denver County Property Location: SEC West 16th Ave. & Grove St., 1570 Grove, Denver Property Description: Land value, proposed seven-story, 292-unit apartment Land Size: 91,897 sf Sales Price: $13.2M, or $143.64 psf, or $45,205 per buildable unit Density: 138.39 d/u per acre Reception No.: 2019013464 Closing Date: 2/6 Grantor: JP Grove LLC, c/o Jordon Perlmutter Co., Jay Perlmutter, mgr.…
John Winslow
February 22, 2019Red Peak pays $39 million for 206 units in Denver
Denver County Property Location: 960 S. Logan St., 10 S. Pennsylvania St., 899 N. Washington St., 1360 Williams St., 1402 N. Race St., 1280 Lafayette St. (6 buildings) Property Description: 960 S. Logan St. – 23-unit, three-story walk-up style apartment, 12,675 sf, YOC 1967, brick construction; 10 S. Pennsylvania St. – 37-unit, five-story apartment, 19,139…
John Winslow
February 20, 2019