Jackson Square snags Denver apartments for $63 million
Denver County Property Location: 5775 W. Dartmouth Ave., Denver, “Bear Valley Apartments” Property Description: 260-unit, three-story apartment complex, 258,980 sf, YOC 2003, brick/frame construction Land Size: 16.55 acres Density: 15.71 dwelling units per acre Sales Price: $63M, or $242,308 per unit Reception No.: 2018072161 Closing Date: 6/12 Grantor: GB Bear Valley SPE LLC, c/o Griffis/Blessing Inc., Gary Winegar,…
John Winslow
June 22, 2018
Denver sees more than $5 billion in 83 development projects
More than $5 billion in commercial real estate projects have been completed over the last five years or are under construction in downtown Denver, the Downtown Denver Partnership announced in releasing its annual Downtown Denver Development Map Tuesday morning. The investment consists of nearly 10,000 new residential units, more than 4 million square feet of…
Kris Oppermann Stern
June 19, 2018
Pearl DTC apts. sell for $121.75 million
Sachs’ private real estate group out of New York recently paid $121.75 million for Pearl DTC, a 408-unit apartment community at 7571 E. Technology Way in Denver.
Jolene Wollett
June 17, 2018
Value-add apartment building is snagged for $120,238 per door
Arapahoe County Property Location: 5635 S. Bannock St., Littleton, “Silverleaf Apts.” Property Description: 21-unit, three-story apartment, 17,640 sf, YOC 1960, brick Sales Price: $2.53M, or $143.14 psf, or $120,238 per unit Reception No.: D8049495 Closing Date: 5/21 Grantor: John Measner Grantee: DLT Holdings LLC Financing: $707,000 due 11-23-2018, payable to RCL Investments Inc. Comments: This property was listed…
John Winslow
June 14, 2018
Townhomes eyed for development site
Denver County Property Location: 1288 Winona Court, Denver Property Description: Land value, proposed 12 townhome units Land Size: 15,625 sf Sales Price: $1.38M, or $88 psf, or $114,583 per unit Reception No.: 2018061461 Closing Date: 5/23 Grantor: South Sloans Townhomes LLC, Leon Cisneros, mgr. Grantee: 1288 Winona Court Trust, Matthew Sanchez, 303-444-7368 Financing: $707,000 due 11-23-2018, payable…
John Winslow
June 13, 2018
Evergreen kicks off value-add platform
Evergreen Devco Inc. kicked off its value-add multifamily platform with its purchase of a pair of Denver apartments for nearly $70 million.
Jolene Wollett
June 11, 2018Apartments across from CSU trade in $9.89 million deal
A new 34-unit apartment community across from the Colorado State University campus sold for $9.89 million, or $291,088 per unit, according to Larimer County records. The College 830 Apartments at 830 S. College Ave. was completed last year. Schrader Development Co., which developed the property, sold the apartments to 830 College LLC, a Boulder-based family…
Kris Oppermann Stern
June 10, 2018
Mill Creek multifamily – Modera West Wash Park, Modera LoHi
Mill Creek Residential is on a roll in Denver, with luxury apartment towers under construction at the edge of two ends of downtown. Dallas-based Mill Creek, the nation’s second largest apartment developer in 2017, also recently sold the 275-unit Modera Observatory Park apartment community near the University of Denver for $92.5 million. I spoke to…
Kris Oppermann Stern
June 8, 2018
Modera Observatory Park Apartments sells for $92.5M
Denver County Property Location: 1910 & 1911 S. Josephine St., Denver, “Modera Observatory Park” Property Description: 275-unit (two) five-story apartment buildings, 207,618 sf net rentable area, YOC 2017, brick/stucco construction Land Size: 2.08 acres Density: 132.2 d/u per acre Sales Price: $92.5M, or $336,364 per unit, or $445.53 psf Reception No.: 2018061704 Closing Date: 5/24 Grantor: Josephine Apartments…
John Winslow
June 7, 2018
Goldman Sachs finds a gem with the $121.75M purchase of the Pearl Apts. @ DTC
Denver County Property Location: 7571 E. Technology Way, “The Pearl Apartments at DTC” Property Description: 408-unit, three-story apartment complex with 17 buildings plus 6,411-sf clubhouse, 281,112 sf net rentable area, YOC 2014, brick/stucco construction Land Size: 16.526 acres Density: 24.7 d/u per acre Sales Price: $121.75M, or $297,677 per unit, or $433.10 psf Reception No.: 2018060565…
John Winslow
June 6, 2018
