Mill Creek Residential, a privately held apartment developer, has been planting its flag in some of Denver’s trendiest neighborhoods. Together, the privately held, Dallas-based company has more than 1,300 units owned, under construction or on the drawing board in Denver neighborhoods My back-of-the-envelope estimate is that the total sales value of the communities would top…

Teams from Milender White and the St. Charles Town Co. recently made the 67-mile trip to Silverthorne to make pitches on redeveloping the heart of the downtown of the Summit County community. Milender White and the St. Charles Town Co. were the two group that responded to a request for proposals to redevelop about 3.25 acres…

Millennials. Every city wants them. Denver is actually getting them. A fair share of the 10,000 or so people moving to the Mile High City every month are in the coveted demographic group. Many of these millennials are renters, good news for the Denver area multifamily market. “Millennials are the biggest generation ever” and also…

An investment group called Aurora Highlands LLC plans to begin developing The Aurora Highlands, a 2,900-acre mixed-use, master-planned community in 2017, pending final approval and support from the city of Aurora and Adams County. The community will be an integral piece of the larger 21,000-acre Aerotropolis development currently being planned south of Denver International Airport.…

The locally based firm purchased the Landon Park Apartments in Aurora – the latest apartment acquisition by the real estate investment company, which, since the start of 2017, has purchased nearly 800 units in the Denver metro area.

Denver County Property Location: NEC S. Broadway & E. Arizona Ave.; NWC S. Lincoln St. & E. Arizona Ave.; 1190 S. Broadway, Denver Property Description: Vacant land, zoned R-MU-30 Land Size: 86,943 sf Sales Price: $8.6M, or $98.03 sf Reception No.: 201709131 Grantor: Platt Park North LLC, Lance Gutsch, mgr. Grantee: South Broadway Station Apartments LLC c/o The…

Adams County Property Location: 100 S. Sable Blvd., Aurora, “Landon Park Apartments” Property Description: 464-unit, two-story apartment complex (33 buildings), 344,280 sf, YOC 1978, frame/brick YOC 2013 Land Size: 20.67 acres Sales Price: $58.2M, or $125,431 per unit or $169.05 psf Reception No.: D7018689 Grantor: Star Bridge Promenade LLC (Russ Minnick, mgr.) 801-284-2930 Bridge Investment Group, 5295 S.…

Last year was the Year of the Monkey, according to the Chinese zodiac. But in Denver, 2016 was the Year of the Multifamily. The multifamily industry in the Denver area was one for the record books last year. More than $4.5 billion in apartments traded hands in 2016, according to Jeff Hawks, vice chairman of…

Jefferson County Property Location: 8545 W. Dakota Ave., Lakewood, “Pinetree II Apts.” Property Description: 78-unit, three-story apartment complex with 63,543 sf, YOC 1982, frame construction with brick/vinyl siding (3 buildings) Land Size: 4.96 acres Sales Price: $9M, or $115,385 per unit, or $141.64 psf Reception No.: 2017012049 Grantor: PineTree II Inc., Delbert B. Roupp, pres. Grantee: Pinetree Apartments…

Denver seems to be getting a bad rap for new ugly buildings.