Construction continues on The Lydian in Five Points neighborhood
Construction continues on the $50 million Lydian, an eight-story mixed-use development at 26th Avenue and Welton Street, in downtown Denver’s historic Five Points neighborhood at 2590 Welton St. It is being developed by Confluence Cos. and Palisade Partners.
Kris Oppermann Stern
April 12, 2018Bluerock draws first Colorado acquisition with Castle Rock apartments
Douglas County Property Location: 1100 Plum Creek Parkway, Castle Rock Property Description: 264-unit apartment complex w/11 three-story buildings plus 4,118-sf clubhouse, total of 252,276 sf rentable area; YOC 1999, brick/frame Land Size: 11.34 acres Density: 23.28 d/u per acre Sales Price: $61.1M, or $231,439 per unit, or $242.20 psf Reception No.: 2018017419 Closing Date: 3/26 Grantor: Social Links Inc., c/o…
John Winslow
April 12, 2018Firm acquires 390-unit Denver apartment for $128.7 million
Denver County Address or Location: 3500 Rockmont Drive, Denver, “Westend Apartments” Improvements: 390-unit apartment, with 343,138 rentable sf, YOC 2015. There are 251 one-bedroom/one-bath units ranging from 579 sf to 853 sf. The rental rates range from $2.05 to $2.71 per sf. The remaining 139 units consist of two-bedroom/two-bath units ranging from 1,043 to 1,463…
John Winslow
April 11, 2018One Dartmouth Place apartments sell for $65.5 million
Besyata Investment Group and The Scharf Group acquired the 418-unit community at 11100 E. Dartmouth Ave. in Denver.
Jolene Wollett
April 8, 2018BMC invests in Aurora workforce housing
Denver-based BMC Investments paid $31.5 million, or $111,702 per unit, for Vista Park, a 282-unit, value-add asset at 12707 E. Mississippi Ave.
Jolene Wollett
April 8, 2018Denver real estate a relative bargain
Denver real estate is a bargain...at least if you are coming from San Francisco. Pilot John R. Tennyson late last year moved from San Francisco to Denver. Tennyson, a pilot with Southwest Airlines, brings a mile-high perspective to the Mile High city's real estate, which has never been more expensive. In Denver, Tennyson was able to buy…
Kris Oppermann Stern
April 4, 2018Expect construction costs to continue to rise
Remember the days of Zach Morris cell phones, or when you had to do math in your head? The days when Pauly Shore was famous, or back when the Patriots were Super Bowl champs? (Too soon?) Or how about this one, the
CREJ
March 28, 2018Buchtel Park Apartments sells for $46.25M
The community, renamed RedPeak Colorado Station, which spans seven buildings, was constructed in 1963 and 1971 on 9 acres of “parklike” grounds.
Jolene Wollett
March 25, 2018Lakewood community sells for $124M
The Village at Bear Creek sold for $124 million, according to public records.
Jolene Wollett
March 25, 2018Aurora apartment complex acquired by Denver investor
Adams County Property Location: 12170 E. 30th Ave., Aurora Property Description: 66-unit, three-story, apartment w/38,574 sf, YOC 1969, Land Size: 1.18 acres Sales Price: $7.2M, or $109,091 per door, or $186.65 psf Reception No.: 2018000017579 Closing Date: 2/28 Grantor: Abrigo Apartments LLC, Keith Joseph, mgr. Grantee: Vesta CO LLC c/o IWP Wealth Management, Charles Willhoit,…
John Winslow
March 19, 2018