Holland Partners snaps up Alara Greenwood Village for $91 million
Arapahoe County Property Location: 5400 S. Park Terrace Ave., Greenwood Village Property Description: 304-unit, three-story apartment, 37 buildings totaling 338,626 sf plus 6,576-sf clubhouse, YOC 1995 Land Size: 18.344 acres Sales Price: $91M, or $299,342 per unit Reception No.: D7105153 Closing Date: 9/12 Grantor: SVF Alara Greenwood Village LLC by: First Fiduciary Realty Advisors Grantee:…
John Winslow
October 3, 2017
CRA, GTIS partner on Canyon Reserve
CRA, a Denver-based national multifamily investment and management firm, in partnership with GTIS Partners, a global real estate investment firm headquartered in New York, purchased the 256-unit property at 2890 W. 116th Place in Westminster.
Jolene Wollett
October 2, 2017
Avesta enters market with $58.5 million acquisition
Avesta Communities paid $58.5 million, according to public records, for the 276-unit community at 9100 Vance St. in Westminster, rebranded as Altitude Westminster.
Jolene Wollett
October 1, 2017
Lodge at Denver West sells for $76.75 million
Jefferson County Property Location: 14125 Denver West Circle, “The Lodge at Denver West” Property Description: 252-unit apt. complex, stucco construction (six buildings with elevator in each building), 234,048 sf net rentable area, YOC 2015 Land Size: 12.80 acres Sales Price: $76.75M, or $304,563 per unit, or $327.92 per sf Reception No: 2017091894 Closing Date: 9/1…
John Winslow
September 28, 2017
Wisconsin developer snaps up 20 acres in southeast Aurora
Arapahoe County Address or Location: NEC S. Aurora Pkwy. & Gartrell Road, Aurora Land Size: 20 acres Date of Recording: 9/6 Reception No. D7102507 Price: $4.4M, or $5.05 psf, or $15,714 per buildable unit Grantor: FC (Forest City) Eagle Bend LLC, Duane F. Bishop Jr., VP Grantee: Continental 350 Fund LLC, Edward Madell, CFO, Continental…
John Winslow
September 27, 2017
Hutchison heads fast-growing Mission Rock
Patricia Hutchison, president of Mission Rock Residential, just returned from a weeklong trip to Houston, surveying the damage of apartment communities her Denver-based company manages in the wake of Hurricane Harvey. Thankfully, only two of the communities suffered any damage, it wasn’t as bad as she feared, and she returned to Denver. Colorado is the…
Kris Oppermann Stern
September 27, 2017
Affordable housing property in southeast Denver snagged for $21.5 million
Arapahoe County Address or Location: 8851 E. Florida Ave., Denver Improvements: 209 units (4 buildings) totaling 155,952 sf, YOC 1976, stucco Land Size: 5.939 acres Date of Recording: 8/24 Reception No. D7099649 Price: $21.5M, or $102,871 per unit, or $137.86 psf Grantor: Sierra Vista Apartments LLC, Andre A. Koren, mgr., 310-277-9600 Grantee: Sierra Vista Housing…
John Winslow
September 26, 2017
Amazon prime sites
Amazon Prime. Amazon prime time in Denver, that is. You know what I’m talking about. Everyone in the Denver area is buzzing about the possibility that Amazon could plant its $5 billion flag - a second headquarters - in the Denver area. The New York Times even opined that Denver is the best choice for…
Kris Oppermann Stern
September 25, 2017
Carmel Partners pays $6.75 million for proposed apartment site
Douglas County Address or Location: South side of Inverness Drive South, north of Gates Corp. and southwest of Information Handling Services Improvements: Vacant multifamily land Land Size: 9.385 acres Date of Recording: 8/29 Reception No. 2017059524 Price: $6.75M, or $16.51 psf, or $26,786 per buildable unit Grantor: ARI Inverness LLC, Michael S. Adler, pres. of…
John Winslow
September 20, 2017
Meridian bike sharing launched
Bill Pauls once casually mentioned to me that soon after he bought the sprawling Meridian International Business Center in Douglas Count, he wondered if he had made a mistake. Pauls, now head of the Pauls Corp., bought Meridian just in time to watch the local economy crash with falling energy prices, putting on hold the…
Kris Oppermann Stern
September 20, 2017
