Topping Out at Country Club Towers II and III
Denver, CO – Denver’s newest landmark luxury apartment buildings, the twin 32-story Country Club Towers II and III, developed by Broe Real Estate Group, an affiliate of The Broe Group, has reached its final height of 328 feet. Construction of the buildings, which are located in the West Wash... Read more
Gardens at Hidden Creek Multifamily Sold $10.2M
Colorado Springs, CO – CBRE Denver Multifamily Investment Properties completed the $10.2 million sale of the Gardens at Hidden Creek apartment community located at 1123 Verde Drive in East Colorado Springs. CBRE’s Jake Young, Dave Potarf, Dan Woodward and Matt Barnett represented the seller, Madison Realty Investors of Littleton, Colorado. Slipstream Properties... Read more
STUDIO Firms Complete Remodel of The Lodge, Multifamily in Boulder
Boulder, CO – STUDIO Development Services (SDS) and STUDIO Architecture recently completed an extensive remodel of The Lodge, a six building, 220-unit apartment complex at 2900 East Aurora in Boulder, Colorado. Dan Otis, of Minneapolis-based development firm Brickstone Partners, hired both STUDIO firms in 2015 and construction on the... Read more
BMC Investments Acquires Landon Park Apartments in Aurora
Denver, CO — BMC Investments (BMC) recently acquired Landon Park Apartments, a 464-unit multi-family community in Aurora, Colorado. Landon Park Apartments presents a strong value-add opportunity for BMC as it continues its growth in the Denver market. The property offers a choice of five floor plans for the one- and... Read more
HFF Closes $38M sale & Arranges $31.4M Financing for 230-unit Multifamily in Denver
Denver, CO – Holliday Fenoglio Fowler, L.P. (HFF) closed the $38 million sale of and arranged $31.44 million in acquisition financing for Rockledge Bear Valley, a 230-unit, garden-style multi-housing community in Denver, Colorado. HFF marketed the property exclusively on behalf of Jackson Square Properties.  Advenir, Inc. purchased the asset. ... Read more
Construction-Defects Reform Bill Receives Further Support from Metro Mayors
View here Senate Bill 156, commonly known as the construction-defects reform bill, received further support this week from the Metro Mayors Caucus to encourage the building of condominiums. Stock photo Pixabay Read more
Legacy Partners & USAA Real Estate Company Break Ground on 322-Unit Multifamily in Denver’s Golden Triangle
Denver, CO – Legacy Partners, in a joint venture with USAA Real Estate Company, held a groundbreaking for the 2.3-acre luxury apartment development TriVista on Speer, previously Legacy on Speer. The seven-story, 322-unit development, featuring one- two- and three-bedroom units is projected to reach completion by early 2019. “The... Read more
University of Northern Colorado Sells Apartment Complex for the First Time in School History
Greeley, CO – Greystone Unique Apartment Group recently sold the University Apartments, a 98-unit apartment complex located at 509 18th Street in Greeley, Colorado. The Asset received a high number of offers from qualified investors and was acquired above listing price at $7,100,000 or $72,448 per unit. The 76,150-square foot... Read more
17-Unit Multifamily Sells $3.1M in Baker Neighborhood
Denver, CO – Pinnacle Real Estate Advisors, LLC sold the multifamily at 310 West Archer Place in Denver, Colorado. This 17-unit multifamily property was built in 1965 and significantly renovated in 2012. The building, located in Denver’s Baker neighborhood, sold on February 16th for $3,158,000; $185,765 per unit and $353.60... Read more
Bipartisan Bill Could Move the Needle Towards Reformation of Construction-Defects
View here State Senator Angela Williams (D) has been in bipartisan negotiations regarding a new proposal on construction-defects reform. The new bill removes the forced alternative dispute resolution and adds a majority-consent provision to require a majority of all homeowners vote to file a suit. Stock photo, Pixabay Read more