Denver Affordable Housing Opposition_Denver CO
ConstructionDevelopmentMultifamily

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 higher …

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Alberta Development Partners_Orchard Station_Greenwood Village CO
DevelopmentHospitalityMultifamilyOfficeRetail

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 related …

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MorningStar Senior Living_Confluent Development_MorningStar Senior Living of Arvada
ArchitectureConstructionDevelopmentHealthcareMultifamily

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 suites …

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HFF_Prairie Center Apartments_Brighton CO
BrokerageDevelopmentMultifamily

HFF Arranges $39M Financing for Brighton Multifamily

Brighton, CO – Holliday Fenoglio Fowler, L.P. (HFF) recently announced that it has arranged $39.45 million in construction and preferred equity financing for the development of Elements at Prairie Center, a 288-unit multi-housing community in Brighton, Colorado. HFF worked exclusively on behalf of the developer, a joint venture between Delaware-based The …

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Transwestern_Highlands Park Apartments_Denver CO
BrokerageMultifamily

125-Unit, Mixed-Use Denver Multifamily Trades for $40.25M

Denver, CO – Transwestern’s Denver Multifamily Investment Services Group today announces the sale of Highlands Park Apartments, located in the popular Lower Highland neighborhood commonly known as LoHi. Grand Peaks Properties, a Denver-based multifamily investment firm, acquired the 125-unit property for $40.25 million, $407 per square foot or $322,000 per unit. …

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HFF_TheBinderyonBlake_Denver CO
BrokerageMultifamilyOfficeRetail

HFF secures $9.6M in financing for The Bindery on Blake in Denver’s RiNo District

Denver, CO  – Holliday Fenoglio Fowler, L.P. (HFF) recently announced that it has secured $9.6 million in financing for The Bindery on Blake, a two-building mixed-use project that co-mingles office, artistry, brewery, cidery and dining in the River North (RiNo) District of downtown Denver. HFF worked on behalf of the …

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Denver Rents_Wall Street Journal Report
MultifamilyProfiles

WSJ includes Denver as More Expensive City for Renters in Latest Report

View here The Wall Street Journal reported on how rising rents are outpacing income. According to an analysis of U.S. Census data released by Apartment List, a rental listing website, inflation-adjusted rents have risen by 64% since 1960, but real household incomes have only increased by 18% during that same time period. …

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Pinnacle Multi-Family_Aurora_Golden_Lakewood
BrokerageMultifamily

Several Multi-family Properties Sold in Aurora, Golden & Lakewood

Aurora, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 1677 Geneva Street located in Aurora, Colorado. This multifamily property has 12 units and was built in 1964. The building is located on Geneva Street, north of Colfax Avenue and west of the Fitzsimons Medical …

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Downtown Denver Partnership_2016-Annual-Development-Map_Denver CO
BrokerageDevelopmentHospitalityMultifamilyOfficeRetail

Downtown Denver Development Map Highlights $4.4B in Total Investment Since 2011

Denver, CO – The Downtown Denver Partnership has released the 2016 Downtown Denver Development Map detailing projects that have been completed or are currently under construction since January 2011. Currently, $4.4 billion of total investment in development has been completed or is under construction in Downtown Denver, totaling 73 projects, 3.1 …

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OZ Architecture new DriveTrain Development_Denver CO
DesignDevelopmentHospitalityMultifamilyOfficeRetail

Market Perspective: Why Mixed-Use Developments So Popular?

View here Mixed-use developments have dominated the commercial real estate market in the past few years and continue to sprout up all over the metro Denver area. From the Steam on Platte to DriveTrain to Dairy Block, mixed-use developments are revitalizing neighborhoods in Denver, adding pedestrian-friendly spaces with office, retail, residential, …

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