Quality of life remains key for Espinosa’s projects

On a January afternoon, I had the opportunity to have coffee with Joseph Espinosa, executive director of Brighton Housing Authority, and talk to him about architecture, resident services and his goal of

CREJ

February 17, 2019

Right of first refusal ordinance brings complexities

The city of Denver predicts that nearly 2,000 apartment units within the city and county limits are at risk of converting from affordable-restricted units to market-rate units in the coming years; potentially

CREJ

February 17, 2019

Jackson Square Properties acquires Centennial Apartments for $74.5 million

Arapahoe County Property Location: 7338 S. Havana St., Centennial, “Elevate Apartments” Property Description: 285-unit apartment complex with 10 buildings, 235,008 sf net rentable area, YOC 2018, masonry/frameconstruction Land Size: 8.04 acres Sales Price: $74.5M, or $261,404 per door Density: 35.45 d/u per acre Reception No.: D9002772 Closing Date: 1/9 Grantor: 7338 Havana Development Company (JH. Curtis Keller),…

John Winslow

February 13, 2019

Eaton Vance buys Lafayette apartments

Ardenne

A Boston-based investment management firm paid $38 million, or $237,500 per unit, for a 160-unit apartment community in Lafayette. Eaton Vance purchased the Ardenne apartments from Fairfield Residential, which completed renovations to a portion of the units. Holliday Fenoglio Fowler Managing Director Jordan Robbins said, “The property was in really good shape” and offers an…

Jill Jamieson-Nichols

February 11, 2019

Jackson Square purchases Elevate apts. for $74.5M

A newly built suburban asset sold in a deal topping $261,400 per unit. 

Jennifer Hayes

February 11, 2019

Colewood Apartments sells for record high $525.76 per rentable square foot

Denver County Property Location: 3860 Tennyson St., Denver, “Colewood Apartments” Property Description: 49-unit, five-story apartment, 36,804 sf rentable area, YOC 2017, & 21,294 sf structured parking with 50 parking spaces Land Size: 15,863 sf Sales Price: $19.35M, or $394,898 per unit, or $525.76 psf Reception No: 2019010751 Closing Date: 1/29/2019 Grantor: RPDG Tennyson Street LLC (J. David…

Jill Jamieson-Nichols

February 11, 2019

Sea change in store for Flatiron Marketplace

Residences at Flatiron Marketplace

More than 272,000 square feet of largely vacant retail space at Flatiron Marketplace will be demolished and replaced with up to 1,200 multifamily units and 14,000 square feet of ground floor retail. Broomfield City Council recently gave Dallas-based Provident Realty Advisors Inc. approval to redevelop Flatiron Crossing’s 20-acre Lifestyle District – an approximately $200 million…

Jill Jamieson-Nichols

February 4, 2019

Equity adds Eviva with $110.5 million buy

Equity Residential, which re-entered the Denver multifamily market last year, added a third asset to its local portfolio with its purchase of Eviva on Cherokee. 

Jennifer Hayes

February 3, 2019

Castle Rock apartments sell to Seattle firm for $16.5 million

Douglas County Property Location: 1465 Red Hawk Drive (NWC Wolfensberger Road & Red Hawk Drive), Castle Rock Property Description: 56-unit apartment, 61,435 sf, YOC 2017, masonry/frame construction Land Size: 4.54 acres Sales Price: $16.49M, or $294,554 per unit, or $268.50 psf Reception No.: 101619 2018 Closing Date: 12/27/18 Grantor: Wolfenberger LLLP (Brian R. Bahr, mgr.), 719-598-5190 Grantee:…

John Winslow

February 1, 2019

Indiana multifamily developer acquires 15.76 acres in Thornton

Adams County Property Location: SWC E. 130thAve. & Washington St., Thornton Property Description: Vacant, proposed 283 units multifamily Proposed Name of Apartment: Village at Thorncreek Land Size: 15.76 acres, or 686,414 sf Sales Price: $4.7M, or $6.85 psf, or $16,608 per buildable unit Reception No.: 101619 2018 Closing Date: 12-20-18 Grantor: E Capital Colorado RE I LLC…

John Winslow

January 29, 2019