Image courtesy of Inland Real Estate Acquisitions, LLC.
BrokerageMultifamily

Lakewood Apartment Community Sells for $81M

Lakewood, CO – Inland Real Estate Acquisitions, LLC has purchased the 267-unit Union West Apartments in Lakewood for a reported $81 million. The community is located at 35 Van Gordon St., six blocks from the RTD West Light Rail Line. The Class A multifamily property consists of 20 studios, 141 …

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Downtown Denver
Multifamily

Apartment Market Report Year End 2017

DENVER — According to the recent RENTCafé 2017 Year End Rent Report, the city of Denver has witnessed a 4.8 percent rent increase year-over year, with the average hitting $1,530 in December. That translates into renters paying $840 additional rent over 2017 compared to 2016. By comparison, the national average apartment …

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Affordable HousingArchitectureDevelopmentFeatureMultifamilyRetail

Historic Building in SoBo to Become Affordable Housing

By Katie Rapone The continuously developing South Broadway/Baker neighborhood in Denver is thriving but like in other parts of the city, a lack of affordable housing is forcing much of the areas workforce to commute far distances. Zocalo Community Development, a Denver-based, next-generation real estate company that joins social purpose with …

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BrokerageMultifamily

Apartment Community Achieves Second Highest Price Per Unit Ever Achieved in Greeley

GREELEY, CO — Franklin Flats, a 108-unit apartment community in Greeley, has sold for $15.4 million or $142,593 per unit. The price per unit is the second highest price ever achieved for a multifamily property in Greeley and is a record for properties built prior to 2001. Nick Steele and Jacob Steele, of Marcus …

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Denver City Council Approves New Rezoning Plan for RiNo

View here On Jan. 2, the Denver City Council’s Land Use, Transportation and Infrastructure Committee approved a new plan that aims to help promote better design, support transit and ensure that new development benefits the community of RiNo. The plan approves an official legislative map amendment to rezone properties generally located …

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BrokerageMultifamilyRetailTransit

Transit-Oriented Mixed-Use Property Sells in Olde Town Arvada

DENVER – Olde Town Plaza, a 19,673-square-foot, transit-oriented, mixed-use retail and residential building in the northwest Denver suburb of Arvada, has sold for an undisclosed price. The Holliday Fenoglio Fowler, L.P. (HFF)  team marketed the property on behalf of the seller, Revesco Properties USA — a Denver-based boutique real estate investment and …

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AMLI RiNo
ConstructionDevelopmentMultifamily

AMLI RiNo Poised to Break Ground Summer of 2018

DENVER – Chicago-based AMLI Residential’s latest development AMLI RiNo is the latest project in the River North (RiNo) neighborhood slated to break ground in the Summer of 2018. Positioned between commuter rail lines, the RiNo Arts District, and Denver’s vibrant lower downtown, the 390-unit development is poised to add residential density and …

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Multifamily

Multifamily Investor Hamilton Zanze Acquires Bella Springs Apartments In Colorado Springs

Colorado Springs, CO — San Francisco-based real estate firm Hamilton Zanze (HZ) has acquired the 364-unit Bella Springs Apartments apartment community in Colorado Springs. The purchase marks the firm’s 13th acquisition in the Colorado Springs metro. With this latest acquisition, the firm now owns and operates five properties in the market, …

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BrokerageConstructionDevelopmentMultifamily

JLL secures $66 million in Construction Financing for Westminster Multifamily Project

DENVER – JLL’s Capital Markets experts today announced the company secured construction financing for Ascent Apartments, a planned multifamily community for the new mixed-use development in downtown Westminster, Colorado. The financing, secured on behalf of the developer, Minneapolis-based Sherman Associates, includes a $50 million senior loan and $16.2 million in preferred …

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ConstructionDevelopmentMultifamily

Two Affordable Housing Projects Break Ground North of Denver

View here Two affordable housing projects broke ground this week north of Denver; the 118-unit Eaton Street Apartments in Westminster and the 142-unit Baker School Apartments in Adams County. According to the Denver Post, the Adams County Housing Authority, Growing Home, St. Anthony Hospital and Red Rocks Community College will offer services …

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