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.

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…

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…

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…

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…

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…

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…

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…

The company that developed the Peloton in Boulder has the prized 432-acre property in Louisville under contract that is owned by energy giant Phillips 66, the Colorado Real Estate Journal has learned. Bancroft Capital, based in Manhattan Beach, California, appears to have agreed to pay $50 million for the land off U.S. 36, which is…

Magnolia Capital paid a reported $124 million, or $220,640 per unit, for Griffis North Metro, a 562-unit apartment community at 12255 N. Claude Court.