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
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 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









