The Meadows sells for $73.05 million to AvalonBay
AvalonBay Communities Inc. paid $73.05 million, or $304,375 per unit, for the 240-unit The Meadows community at 4300 Swanson Way in Castle Rock.
Jolene Wollett
December 2, 2018Zocalo looks to turn 171,931-sf office building into multifamily
This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]
Kris Oppermann Stern
November 30, 2018NKF Multifamily sells northeast Denver apartments for $94.5 million
Denver County Property Location: 4300 Swanson Drive, Castle Rock, “Echelon at the Meadows” Property Description: 240-unit, three-story apartment community with 261,924 rentable sf, YOC 2018. Unit breakdown: 24 one-bedroom units @ 757 sf; 24 one-bedroom units @ 809 sf; 24 one-bedroom units @ 859 sf; 24 one-bedroom units @ 954 sf; 48 two-bedroom, two-bath units…
John Winslow
November 28, 2018Plain and simple: Colorado needs more housing
We face real challenges to the affordable housing issue. In both the public and political arena, the increase in demand for attainable housing, coupled with hurdles to create more housing, is a growing problem.
CREJ
November 26, 2018Englewood succeeds in offering affordable option
The pace of growth in the Denver region in recent years has generated an unprecedented level of investment in real estate development, new and expanding businesses, and new residents. Two challenging impacts from this rapidly
CREJ
November 25, 2018A Q&A about the Denver multifamily market
In October, Newmark Knight Frank Multifamily Vice Chairman Shane Ozment emceed and presented at Colorado Real Estate Journal’s 2018 Fall Multifamily Conference. Ozment, specializing in the marketing and sale
CREJ
November 23, 2018NKF multifamily team sells Northeast Denver apartments for $94.5 million
Denver County Property Location: 16505 Green Valley Ranch Blvd., Denver, “Strata Apts.” Property Description: 336-unit, three-story apartment community with 302,215 rentable sf, YOC 2016. There are 24 small one-bedroom units @ 592 sf; 118 midsize one-bedrooms averaging 681 sf & 26 large one-bedrooms at 784 sf. There are 12 two-bedroom/one-bath units @ 986 sf; 67 midsize…
John Winslow
November 19, 2018Dispelling the myth: Downtown is not overbuilt
With 10,200 apartment units either under construction or in planning in downtown Denver (according to Apartment Insights’ third-quarter data), many are speculating that the market is overbuilt. Ten thousand is a big number –
CREJ
November 19, 2018Westwood Crossing enjoys hard-fought success
The southwest corner of South Irving Street and West Alameda Avenue in Denver was once occupied by a neighborhood bar, inside which lived the goal posts that stood in the south end zone of Mile High Stadium the first
CREJ
November 19, 2018Cap rates vs. interest rates: Should anyone really care?
The relationship among interest rates and cap rates has been studied, explored and analyzed ad infinitum. On a macro level, it’s a relationship worth exploring. On a micro (or individual asset) level, I’m not so sure. What’s
CREJ
November 18, 2018