Boulder’s 17*Walnut draws top dollar
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…
Kris Oppermann Stern
May 1, 2017
1031 exchanges may be axed by Trump’s tax plan
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…
Kris Oppermann Stern
May 1, 2017
Pioneering project coming to Westminster
The city of Westminster and REgeneration Development have executed a letter of intent to partner on the development of the first market-rate, transit-oriented, mixed-use project at Westminster Station.
Jolene Wollett
April 28, 2017
Cortland Partners ramping up its Denver presence
Cortland Partners, which entered the Denver market last year with the acquisition of The Covington on Cherry Creek, recently purchased the Metropolitan at Lincoln Station community.
Jolene Wollett
April 28, 2017
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, 2017
235-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, 2017
Historic 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, 2017
Shea 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, 2017
Griffis 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, 2017
California 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, 2017









