Factoring transportation costs into affordable housing equation
According to a report by the University of Texas at Arlington, the metro Denver area is near the top when it comes to providing affordable housing that doesn’t break the bank when it comes to residents’ annual cost of transportation.
CREJ
March 31, 2017
Denver’s Baker addition apartments fetch $216,667 per door
Denver County Property Location: 245 Bannock St., Denver Property Description: 15-unit, three-story apt. building w/11,517 sf, YOC 1963, brick construction (11 two-bedroom units and four one-bedroom units) Land Size: 8,875 sf Sales Price: $3.25M, or $216,667 per door, or $282.19 per sf Reception No.: 2017033936 Grantor: 245 Bannock LLC, Daniel J. Longo, mgr. Grantee: Triple J Denver…
John Winslow
March 31, 2017
Senior housing event is April 20
There is no simple answer to sum up the state of the senior housing industry along the Front Range. “It’s a big market with 10 different product types,” Elisabeth Borden told me. Borden, principal of The Highland Group, a consulting group in Boulder that provides research, planning and marketing solutions for senior housing and care…
Kris Oppermann Stern
March 30, 2017
CBRE Research forecasts solid growth, strong appetite for Denver assets
Growth in Denver's economy and most commercial real estate product types will continue through 2017, according to CBRE Research's 2017 Denver Market Outlook. In the office sector, more than 2.2 million square feet of speculative construction is expected to deliver in 2017, 1.9 million sf of it in suburban markets. With just 26 percent of new product preleased at…
CREJ
March 28, 2017
Mill Creek bullish on Denver
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…
Kris Oppermann Stern
March 23, 2017
Silverthorne making history with downtown plans
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…
Kris Oppermann Stern
March 21, 2017
Millenials making it in Mile High
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…
Kris Oppermann Stern
March 20, 2017
Developers plan to break ground on The Aurora Highlands
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.…
CREJ
March 15, 2017
BMC adds Landon Park Apts. to holdings
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.
Jolene Wollett
March 12, 2017
Houston apartment developer pays $8.6 million for site at I-25 & South Broadway
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…
John Winslow
March 10, 2017









