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spark west

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
Comp of the Day handshake image

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

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

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

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
millennials

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
Comp of the Day handshake image

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