Infinity LoHi opening its doors
Infinity LoHi is the latest luxury apartment community opening its doors in the trendy Lower Highland area. The 273-unit community at 2298 W. 28th Ave. is taking appointment from renters. The first residents can start to move in in May. (ranwhenparked.net) Infinity LoHi is the first apartment community in Denver by Florida-based Richman Signature Properties. “Incredible…
Kris Oppermann Stern
April 21, 2017235-unit apartment community doubles in value with $38.8 million sale
Arapahoe County Property Location: 7575 E. Arkansas Ave., Denver, “Torrey Pines Apt. Homes” Property Description: 235-unit apartment complex, 15 buildings plus 2,216-sf clubhouse, 203,275 sf net rentable area, YOC 1980, brick with wood siding Land Size: 11.4 acres Sales Price: $38.8M, or $165,106 per unit, or $190.87 psf Reception No.: D7044417 Grantor: CG Pines LLC by: FRG…
John Winslow
April 21, 2017Historic district dissent in NW Denver
Historic district dissent. Last week, West Highland neighbors filed a draft application with Denver Community Planning and Development to create another historic district in the Northwest Denver neighborhood. Although the application will likely will be revised to a certain extent, it does not sit well with Kevin O’Connell, a 22-year resident of what could become…
Kris Oppermann Stern
April 18, 2017Shea Properties brings iconic features to 17th & Curtis
There will be stunning views from Shea Properties’ 28-story apartment building in the middle of downtown Denver, but the most interesting view may be from the street. Passers-by of the high-end apartments on Curtis Street will look up to see people swimming behind a 40-by-9-foot wall of glass at the end of the pool. “This…
Kris Oppermann Stern
April 17, 2017Griffis Residential looks to the Skye with $126 million buy
The multifamily investment and management firm paid $126 million, according to public records, for the 400-unit Class A community in Denver’s Union Station North neighborhood.
Jolene Wollett
April 17, 2017California dreaming at Marcus & Millichap
California dreaming. If you are a Denver-based apartment broker, you don’t need to be a Mommas and the Poppas fan to be tuned in to the importance of California investors. “I think last year 26 percent of our deals from our office were from California,” said Tyler Stevens, who recently joined the Denver office of…
Kris Oppermann Stern
April 13, 2017Condo colossus coming downtown
Condo colossus. A Miami developer has unveiled plans for a $500 million condominium development that would bring 800 condominium units to downtown Denver in two, 40-story towers. The towers, on a 55,000-square-foot property at 1901 Arapahoe St., would represent the single largest condo project ever built in Denver. Units are anticipated to be priced from…
Kris Oppermann Stern
April 11, 2017Stonegate Apartments in Broomfield sells for $86 million
Broomfield County Property Location: 11815 Ridge Pkwy., Broomfield, “Stonegate Apts.” Property Description: 350-unit two- & three-story apartment complex w/313,394 sf, YOC 2003, stucco construction Land Size: 24.445 acres Sales Price: $86M, or $245,714 per unit Reception No.: 2017003124 Grantor: SCG Atlas Stonegate LLC c/o Starwood Asset Management, James Kane, 770-644-2341 or jkane@starwood.com Grantee: Stonegate Investor Group, 730…
John Winslow
April 7, 2017Griffis acquires Skye 2905 Apartments for $126 million
Denver County Property Location: 2905 Inca St., Denver, “Skye2905.com Property Description: 400-unit, five-story wrap apartment, 367,600 sf, brick/frame construction, YOC 2010 Land Size: 215,427 sf Sales Price: $126M, or $315,000 per door, or $342.76 psf Reception No.: 2017037304 Grantor: Monogram Residential Prospect Project Owner LLC, Robert R. Hodge, SVP, c/o Behringer Harvard Prospect Senior Borrower LLC Grantee:…
John Winslow
April 6, 2017$250 million mixed-use project coming to Cole neighborhood
Saunders Development has partnered with owners Byron, Andy and Brett Weiss to develop the Denver Rock Drill project, a 700,000-square-foot, $250 million project comprised of office, retail, residential and hotel in the historic Cole neighborhood near the 38th and Blake commuter-rail station. Denver Rock Drill is currently preleasing office and retail space and plans to break ground on construction…
CREJ
April 3, 2017