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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
Condominium

Arsenault: developers need to police each other for shoddy practices

Condominium developments are making a comeback in the Denver area in the wake of a new state law that takes steps to begin to reform construction defect litigation after a five-year battle and a favorable Colorado Supreme Court decision. But developers are still struggling with how to develop affordable condominium units in a market with…

Kris Oppermann Stern

June 22, 2017

NY-based Arel Capital buys 180 Flats for $22.3 million

Unit renovations included stainless steel appliances, designer tiles, contemporary paint, wood-plank style flooring and private balconies or patios.

Jolene Wollett

June 19, 2017

Walker & Dunlop funds $67 million refinance loan for Parker property

The loan was funded to the borrower for the purpose of increasing the project’s loan-to-value ratio from approximately 35 percent to 65 percent.

Jolene Wollett

June 18, 2017
Comp of the Day handshake image

Sentinel Real Estate Corp. acquires 285 units in Parker for $70.9 million

Douglas County Property Location: 17565 Pine Lane, Parker, “Enclave at Cherry Creek” Property Description: 285-unit, four-story apartment complex (five buildings of 57 units each), 368,465 sf gross building area, plus 6,706-sf clubhouse, with attached garage parking with each building, YOC 2015 Land Size: Sales Price: $70.93M, or $248,870 per unit, or $192.50 psf Reception No.: 2017033207 Grantor:…

John Winslow

June 14, 2017
condo

Condo development conference on tap

Condo construction cheer. Every apartment developer, broker and analysts I have ever spoken to has been dismayed by the lack of for-sale condominium developments in the Denver area in recent years. That may surprise those not in the industry, as the lack of condo construction has removed a competitor for the wave of high-end apartment…

Kris Oppermann Stern

June 13, 2017
Central Park One

Central Park Station One kicks off new Stapleton TOD

Forest City Realty Trust will launch a 4 million-square-foot mixed-use development at Central Park Station next spring. The development will include Central Park Station One, a 190,000-square-foot Class AA mixed-use office building, as well as a 300-unit apartment community, a 120-unit condominium project and 60,000 sf of retail space, all integrated around an expansive public plaza. Forest…

CREJ

June 6, 2017
daycare

Daycare center kismet

Lore has it that clients of McKinley & Hill Antiques included Ralph Lauren, Hugh Hefner and Oprah. The after-hour “sherry hour” soirees in the establishment that among other things sports an indoor, 12-foot-deep swimming pool in Wheat Ridge, were as legendary as the clients of the proprietors, Bud Hill and Matt McKinley. McKinley died about…

Kris Oppermann Stern

June 6, 2017

CBRE arranges $42.5 million in financing for Confluence Cos.

Michael Cantwell and David Treadwell of CBRE Capital Markets, Debt & Structured Finance in Denver secured the construction-to-permanent loan on behalf of the developer, Colorado-based Confluence Cos., for the development of Timberline Farms.

Jolene Wollett

June 5, 2017