Freight

HFF refinances Freight properties

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John Rebchook

January 2, 2016

Questions over construction defect claims

Amy Brimah Managing partner, Brimah LLP, Denver Common-interest communities are governed through boards of homeowners that serve the association. After a certain period of time, the developer must transition the control of the board to homeowners who own units in the project. The city and county of Denver has joined the city of Lakewood and…

Jennifer Hayes

January 1, 2016

Spanos plans Interlocken apartments

Chris Phenicie, was just putting together a package to market a prime piece of real estate in the Interlocken Advanced Technology Park in Broomfield about a year ago, when the call came. Robert Chase of Fuller Real Estate asked Phenicie, a broker with CBRE, if the owner of the 11-acre site, JPI Colorado LP, would…

John Rebchook

December 31, 2015

Continuum buys Market St. Station

Continuum Partners has acquired Market Street Station in downtown Denver. Continuum purchased the property, through an affiliate, from the city of Denver for $14.5 million and will develop Market Station. Current plans call for 90,000 square feet of creative office space, 85,000 sf of retail and approximately 225 apartment units. The $150 million project will…

Jill Jamieson-Nichols

December 21, 2015

Construction defects debate in offing

As municipalities take it upon themselves to find ways to deal with construction defects issues, the debate will return to the Statehouse this session – and at least some legislators are optimistic. “I think the atmosphere is right this year for passage of this bill, whatever it may look like. It won’t be easy,” Sen.…

Jill Jamieson-Nichols

December 15, 2015

Alturas at Bell Tower trades for $9.06M

A newly completed Colorado Springs apartment asset sold to an undisclosed buyer for $9.06 million, or $150,917 per unit. An undisclosed buyer purchased the Alturas at Bell Tower, a 60-unit community at 1130 Bell Tower Heights. Constructed in 2013, the property received a significant amount of attention due to its notable upside in rents, condominium-quality…

Jennifer Hayes

December 13, 2015

Apartment sale sets a record

It wasn’t a huge apartment deal in terms of the sales price. But the recent sale of the 58-unit Village West in Arvada was significant for two reasons. First, it illustrated the attractiveness of value-add deals for investors. It also is an example of how Arvada is increasingly on the radar screen of investors. Read…

John Rebchook

December 13, 2015

Gelt enters Denver market

In April 2014, California-based TruAmerica made its first apartment community acquisition in Denver by paying $55 million for the 564-unit Tamarac apartment community. Recently, TruAmerica sold the community on a 25.16-acre site at 3300 S. Tamarac Drive to another California company, Gelt Inc., for $74 million. It also was Gelt’s first purchase in Denver. The…

John Rebchook

December 13, 2015

Apartment properties trade for $23.6M

A Greenwood Village-based buyer continues to grow its Colorado Springs portfolio, most recently with the purchase of a pair of properties for $23.6 million. Vukota Capital Management paid $18.35 million for the 312-unit Residence at Austin Bluffs and $5.25 million for the 92-unit Chestnut Springs. Both Residence at Austin Bluffs and Chestnut Springs combine historically…

Jennifer Hayes

November 29, 2015

Dr. Asher buys apartment community

Dr. W.L. Asher runs a weight loss clinic in Littleton. But through his Asher Investments, he also has been an avid investor in apartments in the Denver metro area since the 1970s. Late last year, Asher Investments purchased the 297-unit Alta Harvest Station from its developer, Wood Partners, for just under $64.5 million. The sale…

John Rebchook

January 18, 2015