Rare Townhome Asset in Metro Denver Sells for $65 Million
DENVER — ARA, A Newmark Company (ARA Newmark) recently announced the $65 million sale of Sunset Ridge, a 280-unit asset in Westminster, part of the consistently low-vacancy and high-rent-growth Arvada submarket in metro Denver. The three-mile radius around Sunset Ridge projects a population increase of more than six percent by 2021. Vice... Read more
Colorado Springs Apartments in Burgeoning Airport Submarket Sell for $21M
DENVER – CBRE announced today that it facilitated the $21 million sale of the Western Hills apartment community located at 810 Western Drive in Colorado Springs. The buyer, Griffis/Blessing of Colorado Springs, was reportedly attracted to the value-add potential of the property as well as its location in the airport submarket of Colorado... Read more
New $200M Mixed-Use Development Planned for RiNo Industrial Site
View here A California-based real estate investment firm called Mass Equities, has acquired a 7.8-acre area of land in RiNo for $38 million that includes two existing buildings totaling more than 219,000 square feet. The firm is planning a $200 million mixed-use development on the 7.8-acre site that will include office... Read more
Investor Interest Remains High as University and Employment Growth Climb in Fort Collins Area
Fort Collins, CO — ARA, A Newmark Company (ARA Newmark) recently announced the sale of Village Gardens in Fort Collins. The apartment community achieved an impressive undisclosed per unit price, thought to be driven by employment growth and Colorado State University’s high enrollment rate. The 141-unit property sits on 13 acres,... Read more
Bay Area Investor Acquires 7th Multifamily Property in Denver
DENVER — Hamilton Zanze (HZ), a San Francisco-based real estate investment company, has acquired the 238-unit Oxford Station residential community in Englewood for a purchase price of $60 million — one of seven properties now held by Hamilton Zanze across the Metro Denver region, and the first in Englewood. The property consists... Read more
Two New Apartment Towers Coming to Denver
DENVER – Texas-based developer Argyle Residential and architect Meeks + Partners are in the process of adding two new apartment buildings to the Denver skyline, a high rise development in the Jefferson Park neighborhood and another in Downtown Denver. 13th and Delaware Apartments Located on a 0.35-acre site at the southeast corner... Read more
RedPeak Purchases Two Denver Apartment Buildings in Two Weeks
DENVER – RedPeak, Colorado’s innovative and highly respected multi-family owner and operator, has announced the acquisition of two Denver apartment buildings within a two-week timeframe, bringing the company’s current portfolio of multi-family properties to 29.  The company is actively pursuing high quality acquisition opportunities in Denver’s premier neighborhoods. 960 Grant in Capital... Read more
Denver Apartment Community Sells for $44.9M
DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) today announced the $44.9 million sale of The Park at Canyon Ridge, a 272-unit, garden-style apartment community in southeast Denver. The HFF team marketed the asset exclusively on behalf of the seller, Jackson Square Properties. ColRich Multifamily purchased the property subject to... Read more
Apartment Rents Dip as Metro Denver Inventory Increases
View here The Apartment Association of Metro Denver, Denver is on track to add the most apartments in three decades. As a result, rental rates are decreasing somewhat. The Denver Post reports that the median apartment rent in metro Denver fell from $1,377 during the second quarter to $1,370... Read more
The Confluence Announces Grand Opening
DENVER – PMRG, a nationally recognized, full-service commercial real estate firm, and its partner National Real Estate Advisors, just announced the grand opening of their 35-story apartment project, The Confluence. Located at Denver’s founding site, where the South Platte River and Cherry Creek converge, The Confluence makes a modern architectural statement at the NW... Read more