Crowdfunding: Catalyst for Diversity of CRE Projects?
by: Julie Wanzer, LEED AP Providing alternative funding sources allows those transactions that may not be appetizing to traditional banks to become a reality and provide for diversity of projects in the commercial real estate industry. Denver, CO – Crowdfunding has long been synonymous with raising donations for fundraisers... Read more
Update on Proposed TOD Orchard Station in Greenwood Village
View here Alberta Development Partners has reportedly removed its master development plan for Orchard Station, a planned transit-oriented development set to break ground in Greenwood Village. Rendering courtesy of Alberta Development Partners, LLC Read more
FirstBank Finances $24.3M Construction Loan for DeLo Apartments
Louisville, CO – FirstBank is financing a $24.3 million loan for DeLo Apartments, LLC. The loan will help build a 115,000 sq. ft. luxury apartment complex, featuring 130 units in the newly redeveloped Downtown East Louisville neighborhood (referred to as “DeLo”). The apartment development, located on a 12.6 acre... Read more
Pinnacle Sells Two Lakewood Multifamily Units Over $1M
Lakewood, CO –  Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 9493 W 14th Avenue in Lakewood, Colorado. This 8-unit property sold on July 14th with a contract price of $1,125,000; $140,625 per unit and $120.32 per square foot. The property, located just 2 blocks from... Read more
Industrial Condos & 64-Unit Multifamily Sold by Pinnacle
Broomfield, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 7110 West 117th Avenue, Units A4 and A5 located in Broomfield, Colorado. The 3,000 square foot industrial condos sold on July 11th, 2016. The property traded for $420,000. Doug Kaste, Associate Advisor, represented the... Read more
Pinnacle Continues Multi-Family Brokerage Colorado Springs to Denver
Colorado Springs, CO – Pinnacle Real Estate Advisors, LLC announces the sale of 1075 Magnolia St, Colorado Springs, Colorado. This multifamily property has 4 units and was built in 1972. The building is located less than a mile south of the University of Colorado’s Colorado Springs campus. The property sold... Read more
Seagate Acquires One Belmar Place Apartments for $46.6M
Lakewood, CO – Seagate Colorado Partners, LLC recently announced that it has completed the purchase of One Belmar Place Apartments from Cornerstone Real Estate Advisers, acting on behalf of an institutional investor. The 208-unit complex, located at 770 S. Vance Street in Lakewood, Colorado, traded for $46.6 million. Built in... Read more
Market Perspective: Opposition to Affordable Housing Development Fees
View here After only a week of the release of Mayor Hancock’s plan for affordable housing, opposition is already mounting on the affordable housing development fee on new construction projects in order to pay for the 6,000-unit, $150 million affordable housing plan. Naysayers conclude that the fee will result in... Read more
TOD Orchard Station Coming to Greenwood Village
by Julie Wanzer, LEED AP Greenwood Village, CO – A new transit-oriented development (TOD) in Greenwood Village has been unveiled by Alberta Development Partners. This type of development first took center stage in 2006 when the City and County of Denver released its TOD Strategic Plan to help guide TOD... Read more
MorningStar Senior Living, Confluent Development Break Ground on Arvada Senior Living
Arvada, CO – Co-developers MorningStar Senior Living and Confluent Development have broken ground on a new senior living community in Arvada. With an anticipated completion in Fall 2017, and an information center onsite by January 2017, the project will open under the name MorningStar Senior Living of Arvada, delivering 141... Read more