Bell makes $116 million buy

It’s a bit like taking home the gold and the bronze. Last year, Bell Partners paid $255 million for a 1,206-unit apartment community in Superior that it renamed as Bell Flatirons. That remains the most paid for an apartment community in the Denver area. Last month, Bell Partners, based in Greensboro, North Carolina, made another…

John Rebchook

September 2, 2016
HFF

HFF handles $45 million financing

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John Rebchook

September 2, 2016

CBRE handles sale near Coors Field

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John Rebchook

September 2, 2016
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Local developer pays $84.32 per sf for University of Denver area multifamily site

Denver County Property Location: Southeast corner of East Asbury Avenue & South Downing Street, 2005-13-21 S. Marion St. & 2000-2010-2014 S. Downing St, Denver Property Description: Vacant land zoned PUD Land Size: 31,872 sf Sales Price: $2.69M, or $84.32 per sf, or $134,375 per buildable unit Reception No.: 2016106916 Closing Date: 8/11 Grantor: Asbury Communities LLC,…

John Winslow

August 25, 2016
TRC

ARA sells land in Arapahoe Square to TCR

Chris Cowan and Steve O’Dell, executive managing directors of the Denver office of ARA Newmark, have announced the sale of a 1.15-acre parcel in the most underdeveloped part of downtown Denver. Cowan and O’Dell represented the seller of the parcel, who sold the land to Dallas-based Trammell Crow Residential. The sale price was not released.…

John Rebchook

August 24, 2016

Bell makes blockbuster deal in Broomfield

The company that last year made the biggest apartment purchase in Denver-area history with a $255 million acquisition, has made another blockbuster deal along the U.S. 36 corridor. Bell Partners Inc. paid $116.3 million, or $232,600 per unit for the AMLI at Flatirons apartment community at 210 Summit Boulevard in Broomfield, according to public records. Bell…

John Rebchook

August 23, 2016
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Hilltop apartment building increases in value 227.73% over five years

Denver County Property Location: 833 Dexter St., Denver “Gloria J Apartments” Property Description: 20-unit, three-story walk-up-style apartments, 15,000 sf, YOC 1963, brick construction, with nine parking spaces Land Size: 12,700 sf Sales Price: $3.9M Reception No.: 2016108964 Closing Date: 8/17 Grantor: Bear’s Fortress LLC, Ryan D. Geiser, mbr. Grantee: Dexter Residential LLC by: Red Peak Inc.,…

John Winslow

August 23, 2016
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MGL Partners pay $52 per sf for Denver Tech Center multifamily site

Denver County Property Location: W/S S. Niagara St., 500 feet north of E. Belleview Ave., 4855 S. Niagara St., “DTC Senior Apartments” Property Description: Vacant land, zoned S-MX-12 Land Size: 92,667 sf as per survey; see 2016099978 Sales Price: $4.82M, or $52 per sf, or $29,382 per buildable unit Reception No.: 2016107684 Closing Date: 8/12 Grantor:…

John Winslow

August 17, 2016
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University of Denver neighborhood apartment reaches $192,500 per door

Denver County Property Location: 2455 S. Gaylord St., Denver Property Description: 10-unit, two-story walkup-style apartment, 8,639 sf, YOC 1958, brick construction (all two-bedroom units) with six parking spaces Land Size: 7,810 sf Sales Price: $1.93M, or $192,500 per door, or $222.83 per sf Reception No.: 2016106916 Closing Date: 8/11 Grantor: NJL Properties LLC, Judith & Nicholas…

John Winslow

August 16, 2016

Lydian under construction

Construction is underway on The Lydian, an 8-story mixed-use development at 26th and Welton, in downtown Denver’s historic Five Points neighborhood.

John Rebchook

August 15, 2016