EPA Green Roof
MultifamilySustainability

Denver Property Managers Voice Green Roof Concerns

View here The new Denver ordinance that requires buildings more than 25,000 square feet to dedicate a percentage of their roof to green, vegetative space, has many property managers concerned about the impact the ordinance may have on the cost of running their buildings. In particular, the increased water costs associated …

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ArchitectureConstructionDevelopmentEventsMultifamily

Boulder-area Businesses Partner on Supportive Housing Project

BOULDER – Gardner Capital, a St. Louis-based family-owned private equity firm specializing in affordable housing and solar development, will partner with First United Methodist Church of Boulder and Attention Homes — a Boulder-based non-profit organization that provides life-changing resources to youth in crisis — to develop Attention Homes Apartments in Boulder, furthering the company’s commitment to improving peoples’ lives and …

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Affordable HousingBrokerageMultifamily

188-Unit Affordable Housing Property in Denver Sells for $31.2 Million

DENVER – Greystone Real Estate Advisors group closed the sale of Juanita Nolasco Apartments, a 188-unit affordable housing community in Denver. Greystone’s Aaron Hargrove‍ and Eric Taylor‍ represented the seller, a limited liability entity, in the sale to Jonathan Rose Companies, for $31,250,000. Juanita Nolasco Apartments, built in 1972 and …

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HospitalityIndustrialMultifamilyOfficeRetailSenior Housing

2018 CRE Outlook Cautiously Optimistic

DENVER – After years of unprecedented growth, the commercial real estate outlook is cautiously optimistic, with moderate, steady growth forecasted for the year ahead, according to Integra Realty Resources‘ (IRR) signature Viewpoint 2018 publication released today. The annual report provides a detailed overview of the local and national commercial real estate market across five key …

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BrokerageMultifamilyRetail

St Paul Collection Begins Leasing, Brings CB2 and SoulCycle to Cherry Creek

DENVER –  BMC Investments (BMC) recently began pre-leasing its luxury residences at the St Paul Collection in the heart of Cherry Creek North. The Denver-based real estate investment company has already pre-leased 10 percent of residences in tower one, including the top floor penthouse, located at 210 St. Paul Street. Additionally, tower one will also …

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ArchitectureDevelopmentMultifamilyRetail

Ascent Union Station: Construction Update

DENVER – Construction for one of Union Station’s most anticipated developments, Greystar’s Ascent Union Station, began back in April 2017. Contractor Milender White recently completed concrete work on the 3rd elevated floor and the completion of all structured parking. Leasing begins in the Autumn of 2019. The Mulhern Group, an award-winning Denver-based architecture firm, designed the 14 story …

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BrokerageMultifamily

Lakewood Apartment Community Sells for $81M

Lakewood, CO – Inland Real Estate Acquisitions, LLC has purchased the 267-unit Union West Apartments in Lakewood for a reported $81 million. The community is located at 35 Van Gordon St., six blocks from the RTD West Light Rail Line. The Class A multifamily property consists of 20 studios, 141 …

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Downtown Denver
Multifamily

Apartment Market Report Year End 2017

DENVER — According to the recent RENTCafé 2017 Year End Rent Report, the city of Denver has witnessed a 4.8 percent rent increase year-over year, with the average hitting $1,530 in December. That translates into renters paying $840 additional rent over 2017 compared to 2016. By comparison, the national average apartment …

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Affordable HousingArchitectureDevelopmentFeatureMultifamilyRetail

Historic Building in SoBo to Become Affordable Housing

By Katie Rapone The continuously developing South Broadway/Baker neighborhood in Denver is thriving but like in other parts of the city, a lack of affordable housing is forcing much of the areas workforce to commute far distances. Zocalo Community Development, a Denver-based, next-generation real estate company that joins social purpose with …

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BrokerageMultifamily

Apartment Community Achieves Second Highest Price Per Unit Ever Achieved in Greeley

GREELEY, CO — Franklin Flats, a 108-unit apartment community in Greeley, has sold for $15.4 million or $142,593 per unit. The price per unit is the second highest price ever achieved for a multifamily property in Greeley and is a record for properties built prior to 2001. Nick Steele and Jacob Steele, of Marcus …

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