Equity adds Eviva with $110.5 million buy
Equity Residential, which re-entered the Denver multifamily market last year, added a third asset to its local portfolio with its purchase of Eviva on Cherokee.
Jolene Wollett
February 3, 2019
Castle Rock apartments sell to Seattle firm for $16.5 million
Douglas County Property Location: 1465 Red Hawk Drive (NWC Wolfensberger Road & Red Hawk Drive), Castle Rock Property Description: 56-unit apartment, 61,435 sf, YOC 2017, masonry/frame construction Land Size: 4.54 acres Sales Price: $16.49M, or $294,554 per unit, or $268.50 psf Reception No.: 101619 2018 Closing Date: 12/27/18 Grantor: Wolfenberger LLLP (Brian R. Bahr, mgr.), 719-598-5190 Grantee:…
John Winslow
February 1, 2019
Indiana multifamily developer acquires 15.76 acres in Thornton
Adams County Property Location: SWC E. 130thAve. & Washington St., Thornton Property Description: Vacant, proposed 283 units multifamily Proposed Name of Apartment: Village at Thorncreek Land Size: 15.76 acres, or 686,414 sf Sales Price: $4.7M, or $6.85 psf, or $16,608 per buildable unit Reception No.: 101619 2018 Closing Date: 12-20-18 Grantor: E Capital Colorado RE I LLC…
John Winslow
January 29, 2019
Aspen Hills Apartments proposed in Commerce City
Adams County Property Location: E/S Altura St., 250 feet south of E. 104thAve., Commerce City Property Description: Vacant, proposed apartments Land Size: 7.161 acres Sales Price: $2.11M, or $6.78 psf, or $11,747 per buildable unit Reception No.: 2018000102010 Closing Date: 12-21-18 Grantor: SW 104thLLC (Michael D. Bergmann, mgr.) Grantee: Aspen Hills Apartments LLC Comments: The apartments will contain…
John Winslow
January 25, 2019
Making an Entrance: A Look at the Luxurious Laurel Cherry Creek
Cherry Creek North is no stranger to luxury, but with the addition of the neighborhood’s tallest for-sale condos, the bar has just been raised. Laurel Cherry Creek, developed by Pauls Corp., is an urban haven that combines the comforts of home with the design of a high-end resort.
Building Dialogue
January 20, 2019
Woodland Hills sells for $27 million to Florida buyer
Priderock Capital Partners out of West Palm Beach, Florida, paid $27 million for the 160-unit community at 2880 Woodland Hills Drive
Jolene Wollett
January 6, 2019
West Line Flats sells for $40.25 million in 1031 exchange
The buyer paid $40.25 million for the 155-unit, Class A community at 6500 W. 13th Ave. in Lakewood, steps from the Lamar light-rail station.
Jolene Wollett
January 5, 2019
Jacobson Co. enters Colo. market with Velo, Modern apts.
A Los Angeles-based private investment company made its foray into the Colorado multifamily market with the purchase of more than $88 million in properties.
Jolene Wollett
December 28, 2018
Turn-of-the-century boutique apartments sell for $2.38M
Denver County Property Location: 1432 Pennsylvania St., Denver, “Glenellen Apartments” Property Description: Eight-unit, three-story apartment building, 8,664 sf, YOC 1919, brick construction Land Size: 6,250 sf Sales Price: $2.38M, or $296,875 per door, or $274.12 psf Reception No.:2018152667 Closing Date: 11/28 Grantor: 1432 Pennsylvania Street LLC Grantee: Eight Point Properties LP, c/o BRC Real Estate LLC (Michael…
John Winslow
December 27, 2018
AvalonBay pays $75.4M for Ironwood
Ironwood at Red Rocks, currently finishing lease-up, features a mix of one-, two- and three-bedroom units, the latter of which average more than 1,300 square feet.
Jolene Wollett
December 23, 2018
