Baker district site scores nearly $152 per square foot
Denver County Address or Location: 346-360 Acoma St., Denver Improvements: 33,016-sf office building, YOC 1964, brick (land value) Land Size: 40,366 sf Date of Recording: 7/13 Reception No. 2017092257 Price: $6.13M, or $151.86 psf Grantor: Mi Casa Resource Center Grantee: VCMRE 360 LLC, Paul E. Slye, mgr., (by: Vukota Capital) Financing: $4.4M payable to Shames…
John Winslow
July 27, 2017Granite Capital buys Fort Collins apartments for $27.8 million
Granite Capital Group has acquired a townhome-style apartment community in Fort Collins for $27.8 million. Granite paid a record $264,909 per unit for the 105-unit Brooklyn Park Rowhouses, which it will rebrand Rigden Farms Townhomes. The property is located at 2758 Iowa Drive and is Granite Capital’s first acquisition in Fort Collins. “Fort Collins is…
Kris Oppermann Stern
July 25, 2017Amberley Heights closes for metro suburbs record high of $402,083 per unit
Arapahoe County Address or Location: 10450 Spring Green Dr., Englewood, “Amberley Heights” Improvements: 96-unit, four-story apartment, 144,676 sf, YOC 2014, Land Size: 5.33 acres Date of Recording: 7/6 Reception No. D7077890 Price: $38.6M, or $402,083 per unit, or $266.80 psf Grantor: V96 LLC, Peter A. Kudla, mgr. Grantee: Seacliff Amberley LLC c/o Hoffman, Vance &…
John Winslow
July 19, 2017Site near CSU campus sells for $63 per square foot
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Kris Oppermann Stern
July 17, 2017Lakewood apt. portfolio sells for $107M
Gelt Inc. paid nearly $184,500 per unit for the two-property portfolio comprising 580 units.
Jolene Wollett
July 17, 2017Fox Creek Village sale rings up at $24.8 million
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Kris Oppermann Stern
July 17, 2017HFF arranges $46M loan for Englewood apartments
Holliday Fenoglio Fowler LP not only closed on the $57.8 million sale but also arranged the financing for the acquisition of the 312-unit property on 10.6 acres at 5275 S. Delaware St.
Jolene Wollett
July 16, 2017RedPeak changes leadership
RedPeak, a Colorado-based multifamily owner and operator, announced two top leadership changes at the firm.
CREJ
July 14, 2017Aurora apartments sell to CBRE Global Investors for $51 million
Arapahoe County Property Location: 10901 E. Garden Drive, Aurora, “Viridian at the Gardens Apts.” Property Description: 227-unit, three-story apt. complex, 209,259 sf, YOC 2014 Land Size: 9.43 acres Sales Price: $51M, or $224,670 per unit, or $243.72 psf (rentable area) Reception No.: D7067246 Grantor: Gardens Development Owner c/o Post Investment Group LLC, Los Angeles, CA 90067,…
John Winslow
July 12, 2017Labor shortage on tap for CREW panel discussion
The construction labor shortage crisis along the Front Range is poised to get worse. Commercial real estate industry officials anticipate needing about 50,000 more qualified people in the trades during the next year. “That’s pretty significant,” said Karla Nugent, chief business development officer at the Weifield Group. Construction workers last year are shown working on…
Kris Oppermann Stern
July 12, 2017