Griffis Residential acquires urban apartment complex in downtown Denver for $126 million
View here.  Griffis Residential has purchased Skye 2905 Urban Flats for $126 million. The company plans on renaming the apartment complex to “Griffis Union Station”, and also plans to upgrade the clubhouse, common areas, exterior painting and cosmetic features. Vice President Jim DiRienzo states that this will be a... Read more
Multifamily Community Gets New Name,  Substantial Amenity and Interior Unit Upgrades
(Denver, Colo.) – The Breakers Resort, long known as one of the most dynamic apartment communities in Colorado, is shedding its skin, unveiling a new identity and new name to go along with new ownership. Michael Stein, Founding Partner of Pensam Residential, announced that The Breakers Resort will be rebranded as TAVA Waters.... Read more
Pinnacle announces sale of Baker District apartment building
Denver, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 245 Bannock Street in the heart of the Baker District near downtown Denver. This building is made up of 15 total units including four one-bedroom and 11 two-bedroom apartments. The building was built in... Read more
HFF closes $86 million sale of  350-unit multi-housing community in Broomfield, Colorado
DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Stonegate, a 350-unit, garden-style multi-housing community in Broomfield, Colorado. HFF marketed the asset exclusively on behalf of the seller. Summit Management Services, Inc. purchased the property. Stonegate has 18 two- and three-story... Read more
Pinnacle Announces Sale of 8 Unit Apartment Building Adjacent to Fitzsimons Medical Campus
Denver, CO – March 9, 2017 – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 12014 East 14th Avenue in Aurora, Colorado. This 8-unit multifamily property is located at the intersection of East Colfax Avenue and Peoria Street, just a few blocks from UCHealth and... Read more
More Apartments in the pipeline for Colorado Springs
View here Etkin Johnson Real Estate Partners aims to start construction on 288 apartment units at The Gateway at InterQuest, and may nearly triple that number depending on how well the initial phase goes. The initial project includes 16, three-story buildings, each with 18 units. Photo Courtesy of Etkin... Read more
Pinnacle Announces Sale of 21 Logan Street & 1335 Gaylord Street
Denver, CO – Pinnacle Real Estate Advisors, LLC, are pleased to announce the sale of 21 Logan Street & 1335 Gaylord Street located in Denver, CO. 21 Logan, a 12-unit property built in 1961, and 1335 Gaylord, a 17-unit property built in 1968, were sold together for a contract... Read more
Vertix Builders selected to build Emerson Place Apartments in central Denver
Denver, CO – Vertix Builders, a culture-focused construction company, has been selected by Allante Properties to build the Emerson Place Apartments in downtown Denver. The $15 million development will include 85 micro-apartments, addressing a growing demand for small-sized and more affordable apartments in downtown. “This will be our second... Read more
Pinnacle Announces the Sale of 5324 Huron Street
Denver, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 5324 South Huron Street located in Littleton, Colorado. The 7-unit multifamily property sold for $1,025,000 or $164.71 per square foot. Matt Lewallan and Kevin Calame, both Senior Advisors, represented the seller in the transaction.... Read more
118 Unit Apartment Portfolio Neighboring Fitzsimons-Anschutz Medical Campus Acquired
Aurora, CO – Greystone Unique Apartment Group is pleased to announce the sale of Gardens on Paris, an apartment portfolio sale located at 1612 Paris Street, 1650 Paris Street, 1678 Paris Street, 1686 Paris Street and 1645 Peoria Street. The 118-unit portfolio sold at $11,200,000 or $94,915 per unit.... Read more