Metro Denver Apartment Vacancies & Rents Increased YOY
View here The Apartment Association of Metro Denver released their latest report showing vacancies in the metro area increased to 6.1 % in the first quarter of 2016, up from 4.9 % in the first quarter of 2015. Rents have also increased yet again to an average of $1,315/month,... Read more
HFF Closes Sale and Secures Acquisition for Belle Creek Apartments
DENVER, CO –  Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and secured acquisition financing for Belle Creek Apartments, a 156-unit residential community with 6,256 square feet of ground-floor retail in Henderson, Colorado. HFF marketed the property on behalf of a real estate investment... Read more
Chinese Modern Land Co. Forms AMG Capital to Invest High Growth Cities including Denver
Houston, TX – Modern Land (China) Co. Limited announced the formation of AMG Capital, LLC, a U.S.-based affiliate company formed by Chairman Lei Zhang and John Landrum, the CEO. AMG Capital is headquartered in Houston, Texas along with other Modern Land affiliates, American Modern Green Development and Crown Point... Read more
Student Housing Community Near CSU Marks 1st Acquisition for Core Spaces
Fort Collins, CO – Core Spaces, a Chicago-based real estate development and management firm, has acquired a three-year old, 665-bed community at Prospect and College avenues, one block from Colorado State University in Fort Collins. The purchase, which closed April 19, was the first for Core Spaces since the... Read more
CBRE Completes $41.8M Sale of Highpointe Park Apartments in Thornton
Thornton, CO – CBRE Denver Multifamily Investment Properties, which recently completed the sale of Highpointe Park Apartment Homes, a multifamily property located in North Denver at 9701 Pearl Street in Thornton, Colorado. Built in 2013, the 220-unit property includes 206,570 total rentable square feet. The sales price was $41.8 million... Read more
48-Unit Apartment Building Sold by Marcus & Millichap
Lakewood, CO –  Marcus & Millichap recently today announced the sale of Maplewood Apartments, a 48-unit apartment property located in Lakewood, Colorado, according to Richard A. Bird, regional manager of the firm’s Denver office. The asset sold for $5,600,000. Brian Haggar, apartment specialist in Marcus & Millichap’s Denver office... Read more
Sloan’s Lake Apartments Sold by CBRE
Lakewood, CO – CBRE, Inc. recently represented Goldman Sachs in the sale of Sloan’s Lake Apartments, located at 6792 West 19th Place in Lakewood. The complex was built in 1986 and includes 191 units. Aukum Management of Larkspur, California, purchased the property for a confidential price in a sale... Read more
HFF Secures $77.5 million for Apartment Communities in Two Major Colorado Markets
Centennial & Boulder, CO –  Holliday Fenoglio Fowler, L.P. (HFF) recently announced that it has secured $40.2 million in financing for Fox Ridge Apartment Homes in Centennial, Colorado and $37.3 million in financing for Canterwood Apartments in Boulder, Colorado. HFF worked on behalf of the borrower, a REIT sponsored by... Read more
ARA Newmark Arranges Sale of Value-Add Complex in Under-Served Castle Rock Market
Castle Rock, CO – ARA, A Newmark Company (ARA Newmark) announces the $23.8 million sale of Rolling Hills located at 1129 South Eaton Circle, in Castle Rock, Colorado. Vice Chairmen, Shane Ozment, Terrance Hunt, Jeff Hawks and Doug Andrews represented the seller, Virtú Investments (Virtú), in the 186-unit, value-add... Read more
Gilbane Development Co. Breaks Ground West Edge Colorado Springs
Colorado Springs, CO – Gilbane Development Company broke ground on West Edge, a 187 unit housing community directly across the street from the University of Colorado, Colorado Springs campus. The architect for the project is Kitchen & Associates and the General Contractor is KBS. Asset Campus Housing will manage the... Read more