Apartments at the East Colfax & Ironton Street sell for $5.49 million
Adams County Property Location: 10675 E. Colfax Ave., Aurora Property Description: 54-unit single story apartment complex with six buildings totaling 25,261 sf, plus 616-sf office; YOC 1945 & YOC 1981, brick construction Land Size: 3.73 acres Sales Price: $5.49M, or $101,667 per door, or $212.25 psf Reception No.: 78041 Closing Date: 9/25 Grantor: Aurora Homes LLC (Lee…
John Winslow
October 16, 2018Thistle Sage apartments subject of $37.53 million loan by HFF
A Northglenn apartment community was the subject of a $37.53 million loan arranged by Holliday Fenoglio Fowler LP.
Jolene Wollett
October 14, 2018AIMCO acquires high-density site in Fitzsimons for 253 units
Adams County Property Location: Southeast corner E. 22ndAve. & Ursula St., Aurora Property Description: Vacant land, 253 units planned Land Size: 1.88 acres Sales Price: $1.64M, or $20 psf, or $6,475 per buildable unit Reception No.: 73915 2018 Closing Date: 9/10 Grantor: Fitzsimons Redevelopment Authority (Donald M. Elliman Jr., chairman) Grantee: AIMCO Fitzsimons 3A Lessor LLC Financing:…
John Winslow
September 27, 2018Equitable Residential buys Radius Uptown for $134.97 million
Denver County Property Location: 1985 Logan St., Denver, “The Radius Uptown Apartments" Property Description: 372-unit, 12-story apartment, 287,625 sf, YOC 2016 Land Size: 54,419 sf Sales Price: $134.97M, or $362,823 per unit, or $469.26 psf Reception No.: 2018106349 Closing Date: 8/21 Grantor: Uptown Denver Apartments LLC, c/o Trammell Crow (Jarvie Worcester & Matthew Schildt, 303-284-7108) Grantee: EQR-Radius…
John Winslow
September 20, 2018Equity Residential returns to Denver
The real estate investment trust, which specializes in the acquisition, development and management of apartment properties, acquired the Alexan Uptown and Skyhouse Denver properties for a reported $274.72 million in its first two acquisitions in the Denver market since exiting it in January 2016.
Jolene Wollett
September 17, 2018NAVA plans condominiums in Denver’s Uptown neighborhood
NAVA Real Estate Development, a Colorado-based development company, announced plans for a new condominium development in downtown Denver’s Uptown neighborhood. Davis Partnership Architects is designing the 12-story, 249-unit building.
Kris Oppermann Stern
September 16, 2018Partnership pays $78 million for St. Moritz Apartments
Denver-based BMC Investments and Southern California-based Oak Coast Properties acquired the 360-unit community at 1724 N. Robb St. in Lakewood – the sixth investment partnership between the firms.
Jolene Wollett
September 9, 2018Trammell Crow buys downtown Denver site for $20.75 million
Denver County Property Location: 1800 Market St., Denver Property Description: Vacant multifamily site Land Size: 50,179 sf Sales Price: $20.75M, or $413.52 psf, or $68,033 per buildable unit Reception No.: 2018095040 Closing Date: 8/1 Grantor: 1800 Market Tower LLC, c/o BlackRock US Core Property Fund Inc., Elizabeth Kurz, VP, portfolio manager Grantee: 18th& Market LLC, c/o Trammell Crow,…
John Winslow
August 31, 2018Will rising interest rates slow down the market?
Will rising interest rates slow down the market? In a word, no. At least, not in the short term. Interest rates that continue to creep up have not had a major impact on Front Range lending activity. While interest rates are on
CREJ
August 27, 2018Shaping communities through systems thinking
A wise man once noticed that as his cows were grazing, they were getting lost, one blade of grass at a time. Not only did one cow get lost this way, but also, accordingly, the entire herd would follow and end up in far-off
CREJ
August 26, 2018