‘One-of-a-kind’ apartment community sells for $106 million
An Ohio-based real estate investment firm paid $106 million for a distinctive apartment community on the Denver-Boulder corridor. Terracina, a 386-unit community at 13620 Via Varra Road in Broomfield, is The Connor Group’s second acquisition in the Denver market. “It’s a phenomenal asset – one of a kind,” said Shane Ozment of Newmark Knight Frank…
Kris Oppermann Stern
November 17, 2018Alliance Residential pays $7.85 million for Uptown Denver site
Denver County Property Location: SEC & SWC E. 18thAve. & Marion St., Denver Property Description: Misc. improvements (land value) Land Size: 45,373 sf Sales Price: $7.85M, or $173.01 psf, or $35,202 per buildable unit Reception No.: 2018143156 @ 2018143129 Closing Date: 11/5 Grantor: Mile High Montessori Early Learning Centers (Pamela Harris, CEO) & Children’s Hospital Colorado (Jeff…
John Winslow
November 13, 2018Berkeley at Regis Apartments sells for $30.75M
Adams County Property Location: 4703 W. 52ndAve., Denver, “Berkeley at Regis Apts.” Property Description: 127-unit, three-story townhome/apartment units containing 13 buildings & clubhouse, 128,707 sf, YOC 1999 & 2003 Land Size: 6.69 acres Sales Price: $30.75M, or $242,126 per door, or $238.91 psf Reception No.: 88006 2018 Closing Date: 10-26 Grantor: Fifteen Regis LLC (Ian Sanders, founder),…
John Winslow
November 12, 2018ReyLenn Properties acquires Aurora multifamily site
Adams County Property Location: SWC Martin Luther King Blvd. & Oswego St., Aurora Property Description: Vacant land Land Size: 9.06 acres Sales Price: $6.75M, or $17.10 psf, or $24,107 per buildable unit Reception No.: 83021 2018 Closing Date: 10-15 Grantor: FC Stapleton II LLC Grantee: Solana Stapleton LLC, c/o ReyLenn Properties LLC (Jason Smith, VP) Comments: Buyer plans…
John Winslow
November 8, 2018ARA Newmark closes Waterford RiNo & Keystone Apartments for $130.1 million
Denver & Adams counties 1. Denver Property Location: 2797 Wewatta St., Denver, “Waterford RiNo Apartments” Property Description: 301-unit, five-story apartment complex, 252,828 sf, YOC 2012, brick & frame construction Land Size: 3.039 acres Density: 99 units per acre Sales Price: $90.62M, or $301,053 per door, or $358.41 psf Reception No.: 2018141988 Closing Date: 10-31 Grantor: CWS Wind…
John Winslow
November 7, 2018Construction underway on Observatory Row townhomes
Mile Hi Modern has announced the start of construction of Observatory Row townhomes in the Observatory Park neighborhood. The development includes 20 residences, ranging in size from 1,731 square feet up to 1,885 sf, in five different buildings.
Kris Oppermann Stern
November 4, 2018Hamilton Zanze grows with $39.5M buy in Northglenn
Hamilton Zanze added to its Colorado holdings with a $39.5 million value-add purchase.
Jolene Wollett
November 4, 2018Denver investor acquires apartments in Uptown
Denver County Property Location: 1750 Pearl St., Denver Property Description: 13-unit, three-story apartment building, 6,813 sf, YOC 1925, brick construction, with five storage garage units Land Size: 5,633 sf Sales Price: $2.18M, or $167,308 per door, or $319.24 psf Reception No.: 2018124501 Closing Date: 10/1 Grantor: Magdalena Alonso Grantee: 1750 Pearl St LLC (Nora Baldwin, mbr.) Financing: $1.52M payable…
John Winslow
October 30, 2018JLL arranges $17.95M loan for apartments
The Croft, located at 7200 E. Evans Ave., at Evans and Quebec Street, comprises 138 units.
Jolene Wollett
October 28, 2018Esprit at Cherry Creek apartments sell for $93 million
Built in 1974, Esprit at Cherry Creek comprises one- and two-bedroom units in nine buildings.
Jolene Wollett
October 21, 2018