Denver County Property Location: 600 & 624 Pennsylvania St., Denver Property Description: 53-unit, five-story walk-up-style apartment building, 36,641 sf, YOC 1962 (renovated in 2015), brick construction Land Size: 31,250 sf Sales Price: $12.85M, or $242,453 per unit Reception No.: 2017124604 Closing Date: 9/18 Grantor: JM Pennsylvania, Jason McCool, mgr. Grantee: M and G LLC, Randal…

Jeff Hawks would be disappointed if he listed a Denver area apartment community and didn't receive at least 10 offers. Hawks is seldom disappointed these days. “To a lot of people’s surprise, the apartment market is holding up fairly well. Everyone believed that we were overbuilding” and Denver’s red-hot apartment market was cooling, said Hawks,…

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:…

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.

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…