Observatory Park Apartments Sell for $92.5M

DENVER — Modera at Observatory Park Apartments, a 275-unit Class A newly constructed infill apartment community located at 1910 S Josephine St. near Denver University, has sold for $92.5 million. The Bascom Group, LLC (“Bascom”), a private equity firm specializing in value-added multifamily, commercial, and non-performing loans and real estate related …


Chicago Investor to Open Denver Office

View here Chicago-based Golub & Co, leaders in real estate development and investment, recently announced that the company will open a Denver office that will focus on multifamily and office acquisitions in the west. The company was previously an owner in Snowmass Village and Fallingwater Condominiums in Denver and is also part …


Groundbreaking: 288-unit Luxury Apartment Community in Colorado Springs

DENVER – Etkin Johnson Real Estate Partners, the largest full-service, privately owned commercial real estate investment and development company based in Colorado, has broken ground on FalconView, a 288-unit apartment community located at the intersection of I-25 and InterQuest Parkway in Northern Colorado Springs. PNC Financial Services provided $46 million in …


Multifamily Asset in Capitol Hill Achieves Record-Setting Price-Per-Unit

DENVER — Jux, a 30-unit multifamily asset in the heart of the Capitol Hill neighborhood has sold for $12 million. The $400,000 price-per-unit is the highest ever paid for a boutique apartment building in central Denver. ARA, A Newmark Company (ARA Newmark) Director Robert Bratley and Associate Director Marcus Griffin represented Endurance Real Estate …


Apartment Portfolio in Colorado Springs Sells for $102M

DENVER — Slipstream Properties, an experienced apartment ownership group that has purchased and renovated more than 1,000 apartment residences in the Denver Metro Area, has bought seven apartment complexes in Colorado Springs totaling 1,178 units, for $102.25 million. HFF brokers Kristian Lichtenfels and managing director Josh Simon worked exclusively on behalf of Slipstream. …


Sagebrush Companies Defining Thoughtful Development in Colorado

By Katie Rapone Formed in 2000, Sagebrush Companies is a small Denver-based firm specializing in real estate investments and thoughtful development with holdings throughout the U.S. and Mexico. The company has managed more than $350 million in new developments that include multifamily apartments, multifamily condominiums, office and retail. The firm’s hotel …


Economic Strength Outlined in 2018 State of Downtown Denver Report

DENVER — Earlier this week the Downtown Denver Partnership released its 2018 State of Downtown Denver report. The annual report, funded in part by the Downtown Denver Business Improvement District, is one of the most comprehensive statistical looks at the stories and statistics behind a thriving center city, detailing increasing investment, …


Luxury Apartment Community Breaks Ground in West Wash Park

DENVER— A luxury apartment community in Denver’s Washington Park neighborhood recently broke ground. Mill Creek Residential, a leading multifamily investor and operator specializing in premier apartment communities across the U.S., is targeting an early 2020 completion. The community, located at 400 N. Grant Street just southeast of downtown, will feature 241 apartment homes and …

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KeyBank Provides $49.7M in Financing for Affordable Housing Development in Westminster

WESTMINSTER — KeyBank’s Community Development Lending & Investment (CDLI) team has provided a total of $49.7 million in financing to a joint venture among Koelbel and Company, Mile High Development and Longs Peak Advisors, to support the new construction of Eaton Street Apartments, a 5-story, 118-unit affordable housing development in Westminster. Eaton Street …

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Affordable Family Housing Opens in Boulder

BOULDER — Element Properties, with Pinkard Construction and Sopher Sparn Architects, celebrated the grand opening of SPARKwest, Element Properties’ 45-unit permanently affordable multifamily flats and townhomes project in Boulder. On Wednesday, May 9, grand opening festivities included a ribbon cutting and facility tours with remarks from Kurt Firnhaber, the City of Boulder’s deputy …