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HFF arranges $62.28 million in loans

The HFF team worked on behalf of borrower Denver-based RedPeak Properties to secure two separate 10-year, interest-only, fixed-rate loans through PGIM Real Estate Finance.

Jolene Wollett

December 31, 2017

Inland adds Union West for $81 million

Inland paid more than $303,000 per unit for the 267-unit community at 35 Van Gordon St. in Lakewood.

Jolene Wollett

December 29, 2017
Arbors at Sweetgrass

OpenPath Investments purchases Arbors at Sweetgrass

There were double-digit offers for a Fort Collins apartment community that sold to a 1031 exchange buyer for $47 million. Arbors at Sweetgrass drew “a ton” of investor interest from private investors and institutionally backed funds, according to CBRE Executive Vice President David Potarf. OpenPath Investments, a California company focused on “socially responsible” investments, bought…

Kris Oppermann Stern

December 24, 2017

Grandbridge closes $44 million refinance loan for Fort Collins apts.

A $44 million first mortgage was secured by a 310-unit apartment community in Fort Collins.

Jolene Wollett

December 23, 2017

Griffis/Blessing pays $21 million for Western Hills apts.

The Colorado Springs-based firm paid $21 million in a value-add deal for the 152-unit community at 810 Western Drive in the burgeoning airport submarket.

Jolene Wollett

December 22, 2017

The Huron sells for $100.5 million

Denver-based Griffis Residential paid $100.5 million for The Huron, a newly built apartment asset in the Union Station North Neighborhood.

Jolene Wollett

December 22, 2017

Railhouse Denver acquires 31,250 square feet

Denver County Address: Southwest corner of Inca St. & W. 40th Ave., Denver Land Size: 31,250 sf Improvements: Land value, misc. improvements, 29 units proposed Date of Recording: 12/13 Reception No.: 2017162496 & 2017162478 Price: $3.45M, or $110.40 psf Grantor: 3931 Inca LLC & 3995 Inca St. LLC, Dennis McLin, mgr., 720-480-9347 Grantee: Railhouse Denver…

John Winslow

December 22, 2017

1970s apartment complex fetches $63.7 million

Broomfield County Address: 1030-1049 E. 10th Ave., Broomfield Improvements: 209-unit, three-story apartment complex, YOC 1973 (five buildings); and 213-unit, three-story walk-up apartment complex, 1974, 21 buildings, total 422 units Date of Recording: 12/4 Reception No.: 2017014873 & 2017014878 (2 deeds combined) Price: $63.7M, or $147,000 per door Grantor: FPA5 Birch LLC c/o Trinity Property Consultants…

John Winslow

December 20, 2017
Upper Fox Street

Upper Fox a prominent wedge of opportunity

Steve Ferris, Founder and principal, Real Estate Garage, Denver Introduction You can find upper Fox Street after crossing Interstate 25 on the Park Avenue West viaduct traveling north, or take the 38th Avenue exit from southbound I-25. There also is a “backdoor” access via 45th Avenue driving west out of Globeville. You also can walk…

Steve Ferris

December 18, 2017

Cortland adds Lakecrest for $101 million

Cortland Partners paid $101 million, or $229,545 per unit and $236.86 per square foot, for the Lakecrest at Gateway Park, a 440-unit apartment community in Denver.

Jolene Wollett

December 18, 2017