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Comp of the Day handshake image

BMC acquires Aurora apartments for $125,431 per door

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.…

John Winslow

March 9, 2017
Multifamily

Multifamily run not over, Hawks says

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…

Kris Oppermann Stern

March 8, 2017
Comp of the Day handshake image

Lakewood apartments acquired by Littleton investor for $115,000 per unit

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…

John Winslow

March 1, 2017
Schroeppel

Schroeppel addresses urban issues

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

Kris Oppermann Stern

February 28, 2017
Baukol Brue

Brue, Baukol join forces to take Denver CRE firm to next level

Leading commercial real estate investor Chad Brue and top investment sales broker Geoff Baukol have teamed up to form Brue Baukol Capital Partners. Brue, a former CBRE senior executive, founded Brue Capital Partners in Denver in 2011, assembling and developing a portfolio of industrial, multifamily, office, resort and mixed-use properties. Baukol brings more than 17…

Kris Oppermann Stern

February 27, 2017
633 CTC

Etkin Johnson geared up for record year of development

This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]

Kris Oppermann Stern

February 27, 2017

One City Block sells for $99.5 million to RREEF America

RREEF America LLC, on behalf of a managed fund, paid $99.5 million, according to public records, for One City Block.

Jolene Wollett

February 26, 2017

Construction starts on luxury apartments

The Denver office of KTGY designed TriVista on Speer, which features finishes such as stone countertops, stainless steel appliances and gas stoves.

Jolene Wollett

February 26, 2017
Studios

Studios rule at Allante Properties

Studios rule. Not Hollywood movie studios, but studio apartments. At least that is the perspective of Daren B. Schmidt, a managing partner at Greenwood Village-based Allante Properties. Online inquiries for studios account for about 25 percent of studio apartments, Schmidt noted. But only 4 percent to 5 percent of the apartments in the Denver area…

Kris Oppermann Stern

February 23, 2017
Castle Lanterra

Castle Lanterra lands in Denver

Castle Lanterra began looking to make its first apartment community acquisition in Denver in midyear 2016. The private real estate investment firm kicked the tires on three to six apartment communities before buying the 369-unit Alexan Sloan’s Lake late last year. The price of admission to the Denver market was $100 million – or $102.8…

Kris Oppermann Stern

February 21, 2017