Denver Receiving National Attention for Affordable Housing Reform
View here Denver was specifically mentioned as an area facing high rents and in need of affordable housing in the Housing Development Toolkit, a document released by The White House that targets regulations for affordable housing reform. Photo by Ryanmoritz (Own work) , via Wikimedia Commons Read more
Dynia Architects Receives AIA Western Mountain Region Design Excellence Merit Award for FREIGHT RESIDENCES at TAXI
Denver, CO – Dynia Architects, an architectural design firm with offices in Denver, CO and Jackson, WY earns an accolade for their work in the River North Arts District (RiNo) in Denver, with the receipt of the AIA Western Mountain Region (WMR) Design Excellence Merit Award for FREIGHT RESIDENCES... Read more
Affordable Housing Fund Approved by Denver City Council
View here The Denver City Council voted to approve the $150 million affordable housing fund this week. No public vote was needed to raise property taxes. Photo: Stapleton Affordable Housing project by Northeast Denver Housing Center, Palace Construction & Cunningham Group Architecture; Photography by The Unfound Door   Read more
Denver 7th Biggest Increase Hotel Room Construction Reported in RLB Crane Index Report
Denver, CO – Crane counts over the past six months point to steady construction activity, with residential and mixed-use developments dominating the market, surveyed at a combined 76 percent. Many multi-million dollar residential projects, commercial towers, and mixed-use developments are forecast to break ground this year. It is anticipated... Read more
$7.2M Refinancing for 118-Unit Multifamily in Aurora
Denver, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced that it has secured a $7.2 million refinancing for Shadow Tree Apartments, a 118-unit multi-housing community in the Denver suburb of Aurora, Colorado. HFF worked on behalf of Vukota Capital Management to secure the 10-year, 3.91 percent fixed-rate loan through... Read more
81-Unit Multifamily in Denver Sells $9.7M
Denver, CO – Pinnacle Real Estate Advisors, LLC sells The William Tell Apartments, an 81-unit affordable housing community located at 1599 Williams Street in the heart of the Uptown Neighborhood near downtown Denver.  The property was constructed in 1964 and includes 8-Studios, 72-1BD/1BA and 1-2BD/1BA apartment units. The property sold... Read more
18-Unit Multifamily Sells for $2.1M in Longmont
Longmont, CO — Unique Apartment Group (UAG), multifamily division of Unique Properties, Inc., recently brokered the sale of an 18-unit multifamily asset located at 513 and 521 Terry Street in Longmont, Colorado. The property sold for $2,150,000 or $119,444 per unit. UAG represented the buyer and the transaction closed on... Read more
Event Round-Up: JLL Horizon 2016 – Tale of Two Cities
By: Julie Wanzer, LEED AP Denver, CO – JLL hosted their third annual Horizon report this morning at the Four Seasons Denver with a theme reminiscent of Charles Dickens with a Tale of Two Cities. The program focused on the dichotomy Denver is facing as the fifth fastest growing... Read more
Affordable Housing Update: 2 Proposals On the Way to Denver City Council Vote
View here The latest on Denver’s Affordable Housing includes two proposals that are on the way to a vote by the Denver City Council on September 19, 2016. The debate continues to focus on funding and fees levied on developers. Photo courtesy of Business Rewritten Read more
Prince Phillip Apartments Sold for $2.75M
Littleton, CO – Josh Newell, Senior Advisor at Pinnacle Real Estate Advisors, LLC, sells Prince Phillip multifamily property at 154 W Powers Circle in Littleton, Colorado. The 23-unit property sold on September 9th with a contract price of $2,750,000; $119,565 per unit and $136.61 per square foot. The property was... Read more