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Comp of the Day handshake image

Aurora apartments fetch $78 million

Adams County Property Location: 17886 E. Greenwood Drive, Aurora, “Stone Cliff Heights Apts.” Property Description: 394-unit, three-story apartment complex, YOC 2001, 313,950 sf, 21 buildings plus clubhouse, 13 with attached garage parking Land Size: 11.68 acres Sales Price: $78M, or $197,970 per unit Reception No.: D7064607 Grantor: Stone Cliff Fee Owner LLC c/o Benedict Canyon Equities,…

John Winslow

July 7, 2017

CBRE: Agency Multifamily Mortgage Production Climbs to $45 Billion Ytd

Fannie Mae’s and Freddie Mac’s combined multifamily mortgage business reached $45 billion for the first five months of 2017, which comes in 14 percent ahead of 2016, according to CBRE Research. May production was almost identical to May 2016. Both agencies anticipate 2017 volume to reach or exceed 2016 numbers, which were $55 to $60…

CREJ

July 6, 2017
Comp of the Day handshake image

Silver Cliff apartments trade for $57.8 million

Arapahoe County Property Location: 5109 S. Delaware St., Englewood Property Description: 312-unit apartment complex, 254,280 sf, YOC 1991 Land Size: 10.83 acres Sales Price: $57.8M, or 5,256 per unit, or 7. (modafinil) 31 per sf Reception No.: D7067313 Grantor: Silver Cliff Apartments, W. Dean Weidner, trustee Grantee: Englewood 312 Owner LLC by: PRG Management, Alex Saunders, mgr.,…

John Winslow

July 6, 2017

‘One-of-a-kind’ Bonterra Lakeside sells for $28.6 million

More than half of the investors looking at Bonterra were new to the market.

Jolene Wollett

July 3, 2017

Colorado Supreme Court repairs defect in construction litigation law

The Denver metropolitan area has faced a historic low in affordable housing, in particular the construction of new condominiums. Construction defect litigation has widely been accepted as a

CREJ

July 3, 2017

Bridge Partners picks up apartments with upside

Bridge Partners of Walnut Creek, California, grew its Colorado holdings with its purchase of the Flats at Creekside Park.

Jolene Wollett

June 30, 2017

Silver Cliff Apts. sell for $57.8 million

Phoenix Realty Group, a national multifamily real estate fund manager, investor, operator and developer, paid $57.8 million for the Silver Cliff Apartments.

Jolene Wollett

June 30, 2017
Comp of the Day handshake image

Separate deals totaling 748 units close for $161 million

Arapahoe County Address or Location: 2205 S. Racine St. & 12775 E. Pacific Drive, Aurora Improvements: 232-unit, three-story apartment, 1985, & 248-unit apartment complex, YOC 1985-1986 (total 480 units, 449,562 sf rentable area) Land Size: 19.467 acres Date of Recording: 6/21 Reception No. : D7069982 Price: $95M, or $197,917 per unit, or $211.32 psf Grantor:…

John Winslow

June 30, 2017
Pynwheel

Pynwheel spinning multifamily fun, efficiency

If you scratch the surface of just about any deal, there is a story behind it. The Rebchook Real Estate Corner looks at the what and who that make the Colorado commercial […]

Kris Oppermann Stern

June 28, 2017

Denver one of nation’s hardest cities to add apartments

The research examines and ranks 50 metro areas based on specific factors, including local regulations and the amount of available land to develop.

CREJ

June 26, 2017