Adams County apartments close for $112.6 million
Adams County Property Location: 10500 Irma Drive, Northglenn, “Regatta Apartments” Property Description: 352-unit apartment complex w/22 two-story buildings plus clubhouse, 322,648 sf rentable, YOC 2000, 571 open parking spaces & 142 detached garages – total of 713 parking spaces, brick on frame construction Land Size: 22.79 acres Sales Price: $81.8M, or $232,386 per unit, or $253.53 psf…
John Winslow
December 19, 2016
Vineyards apts. trade for $55.25M
LocalConstruct, a private real estate investment and development company based in Los Angeles, added to its Colorado Springs holdings with its $55.25 million acquisition of the Vineyards.
Jolene Wollett
December 18, 2016
Apartments sell for $89.75M in national portfolio deal
Milestone Apartments Real Estate Investment Trust purchased the six-property 1,460-unit portfolio, which included the 276-unit Talon Hill apartments in Colorado Springs and the 168-unit Eagle Ridge apartments in Loveland.
Jolene Wollett
December 18, 2016
High-end Crescent Apartments site closes at $18,438 per buildable unit
Adams County Property Location: NEC W. 116th Ave & Pecos St, Westminster Property Description: Vacant land, proposed 320-unit Crescent Apts. Land Size: 17.586 acres Sales Price: $5.9M, or $7.70 psf, or $18,438 per buildable unit Reception No.: 20160000102279 Closing Date: 11/22 Grantor: IBC Denver VIII LW IV LLC, Brian C. Mott, mgr. Grantee: Park 12Hundred Venture LLC, Holland…
John Winslow
December 9, 2016
Southwest Denver apartment building commands $100K per door
Denver County Property Location: 2101 S. Depew St., or 5601 W. Green Meadows Pl., Denver Property Description: 23-unit, three-story apartment building, 13,773 sf, YOC 1961, brick construction; 23-unit, three-story apartment building, 13,773 sf, YOC 1962 (total of 27,546 sf & 46 units) Land Size: 36,784 sf Sales Price: $4.6M, or $100,000 per door, or $166.99 psf Reception…
John Winslow
December 7, 2016
CBRE handles $128 million sale
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Kris Oppermann Stern
December 5, 2016
Griffis/Blessing buys Glenbrook from Grand Peaks
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Kris Oppermann Stern
December 5, 2016
Apartment sale sets record not soon to be eclipsed
The buyer paid $67.3 million for the 315-unit community in a transaction that represented not only the highest price ever paid in Colorado Springs but also pricing around $50,000 per unit above the previous record sale.
Jolene Wollett
December 4, 2016
Brighton apartments trade for $57.5 million
Adams County Property Location: 1287 S. 8th Ave, Brighton, “Solaire Apartments” Property Description: 252-unit apartment complex, 11 buildings plus clubhouse, YOC 2014, 284 covered parking spaces, 95 detached parking garages, 369 open spaces, total net rentable area of 253,116 sf Land Size: 16.38 acres Sales Price: $57.5M, or $228,175 per unit, or $227.17 per sf Reception No.: 2016097834…
John Winslow
November 28, 2016
Captain Cook Apartments sell for $215,000 per door
Denver County Property Location: 1311 Cook St, Denver, “Captain Cook Apts.” Property Description: 40-unit, six-story apartment, 33,300 sf, YOC 1969, brick Land Size: 17,800 sf Sales Price: $8.6M, or $215,000 per unit, or $258.26 psf Reception No.: 2016090387 Closing Date: 11/9 Grantor: The Captain Cook LLC, Virginia R. Wilson, mgr. Grantee: RedPeak Properties LLC, Bobby Hutchinson, mgr. Comments:…
John Winslow
November 25, 2016
