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…

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

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.

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:…

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…

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…

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…

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.

Denver County Property Location: 818-848 S. Dexter St., Denver, “180 Flats” Property Description: 142-unit, four-story apartment, 104,955 rentable square feet, YOC 1974, brick construction Land Size: 93,177 sf Sales Price: $22.3M, or $157,042 per unit, or $212.47 per sf Reception No: 2017068414 Closing Date: 5/24 Grantor: Dexter Lighthouse LLC, Scott Shwayder, mgr. Grantee: 180 Flatarel LLC,…

San Francisco Bay area-based Jackson Square Properties purchased the Villas at Homestead, a 312-unit, 13-building complex at 6857 S. Homestead Parkway in Centennial.