Los Angeles-based TruAmerica Multifamily and the Magnolia Real Estate Fund paid $53 million for the 287-unit Fox Creek community in Thornton.

The 438-unit Class A, garden-style community with 13,000 square feet of ground-floor retail was sold by 801/901 Englewood Parkway Investors, according to public records.

The privately owned firm paid $78.3 million, or $255,882 per unit, according to public records, for Alta Cherry Hills, a Class AAA, 306-unit community at 3650 S. Broadway, at the southeast corner of Broadway and West Hampden Avenue.

Land demand in the Denver area is off the charts. “On activity, it probably is record as far as buyers of land,"  said Mike Kboudi, a land broker with Cushman & Wakefield. Competition is fierce. "It is really hard to get a good piece of ground,” said Kboudi, who during the past five years has sold…

Douglas County Property Location: 5202 E. Mainstreet, Parker Property Description: land value Land Size: 10.4 acres Sales Price: $1.45M, or $3.20 psf Reception No.: 2017026096 Grantor: Cleta Mae Moomaw Trust, Ralene G. Felkins, trustee Grantee: Senderos Creek Condos LLC, Rudy Byler, mgr., 303-799-8300 Closing Date: 4/14 Comments: See APN: 2233-213-00-019. Property is not entitled, but intended use is…

(https://cozumelparks.com)

Arapahoe County Property Location: 801/901 Englewood Pkwy., Englewood, “Alexan City Center” Property Description: 226-unit apartment complex, six buildings plus 3,325 sf-clubhouse, 201,036 sf, YOC 2001, brick veneer; 212-unit apartment complex, five buildings, 186,903 sf, YOC 2002, brick, & four-story 115,112-sf parking garage Land Size: 10.521 acres Sales Price: $97M, or $221,461 per unit, or $240.43 psf Reception…

Riki Hashimoto’s phone was ringing off the hook late last week. Anxious investors had one question for the commercial real estate broker after President Donald Trump released his still skeletal outline for tax reform last Wednesday: “Are 1031 exchanges going away?” While a lot of media ink was devoted to things like the proposed 15…

You’d have to head to the coast to find an apartment community to trade at the kind of price an investor just paid for a boutique property in Boulder. Rivendell Global Real Estate bought 17*Walnut, a 26-unit community in Boulder’s East End, for $600,000 per unit. That’s the highest price ever paid for a conventional…

Riki Hashimoto’s phone was ringing off the hook late last week. Anxious investors had one question for the commercial real estate broker after President Donald Trump released his still skeletal outline for tax reform last Wednesday: “Are 1031 exchanges going away?” While a lot of media ink was devoted to things like the proposed 15…