BrokerageInvestmentMultifamily

24-Unit Apartment Building Sells in High Rent Growth Area

A 24-unit, three story apartment building on Federal Boulevard in Denver has sold for $3,145,000 or $131,042 per unit. Built in 1962 the property is just five blocks south of the new $37 million Denver Health Clinic. The fully leased apartment building, located at 1877 S. Federal Boulevard, is 16,944 …

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BrokerageInvestment

Tributary Real Estate Launches New CRE Lending Division

Tributary Real Estate, a Colorado-based fully integrated commercial real estate firm that offers a customized approach to brokerage, development and investment, recently launched a new commercial real estate lending division to provide the Colorado marketplace with efficient and competitively priced financing options. Tributary Lending focuses on non-recourse bridge loans for …

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Modera LoHi
BrokerageInvestmentMultifamilyReports

Denver Apartment Absorption to Hit Record High

Increasing development remains overshadowed by strengthening demand as the Denver metro is on track to log a 130-basis-point drop in two years amid the completion of 19,000 units, according to Marcus & Millichap’s fourth quarter Multifamily Outlook report. High-wage jobs in the urban core and Tech Center continue to benefit Class A …

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BrokerageInvestmentMultifamily

Centrally Located Apartment Community in Denver Sells for $36M

Denver-based Grand Peaks Properties, Inc. in partnership with Aegon Asset Management has purchased Monaco South, a 220-unit, multifamily property located at 2280 South Monaco Parkway in Denver. Comprised of two solidly constructed concrete mid-rise assets, Monaco South sold for $36 million or $163,636 per unit. Newmark Knight Frank (NKF) Vice Chairmen Shane …

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BrokerageConstructionDevelopmentIndustrialInvestment

Denver-based Developer Acquires Two In-fill Sites in Metro Denver

Corum Real Estate Group, a Denver-based developer and manager of industrial, multifamily and office assets, recently closed on the acquisition of two land sites in the Denver metro area and will construct a combined 400,000 square feet of speculative industrial warehouse space to be delivered in the fourth quarter of 2020. Gateway Central …

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IndustrialInvestment

Class A Warehouse Portfolio in Aurora Acquired for $72M

ASB Real Estate Investments (ASB) has acquired a three-building, Class A warehouse portfolio totaling 633,193 square feet near DIA for $72 million. The investment was made on behalf of ASB’s Allegiance Real Estate Fund, a $7.5 billion core vehicle. CBRE’s Jim Bolt, Tyler Carner and Jeremy Ballenger represented the seller, a Blackstone …

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InvestmentOffice

SoftBank Group Commits to Invest $8B in WeWork

In response to issues regarding cash flow and leadership, The We Co., parent company of coworking office space operator WeWork and Japanese technology conglomerate SoftBank Group Corp have reached an agreement under which SoftBank will provide $5 billion in new financing to The We Co., in addition to a tender offer up to …

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InvestmentMultifamily

Hunt Real Estate Capital Provides $5.86M to Refinance Fitz Apartments in Aurora

Hunt Real Estate Capital has provided a Freddie Mac Small Balance Loan in the amount of $5.86 million to refinance Fitz Apartments, a multifamily property located in Aurora. The 46-unit multifamily property is located at 1747-1777 Peoria Street. The property was built in 1961 and consists of two four-story buildings …

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InvestmentOffice

Global Financial Services Company Launches Investing Subsidiary in Lakewood

The Motley Fool Holdings, Inc., a global financial services company that has helped millions of individual investors master the stock market over the last 26 years, is expanding its investing advice beyond equities with the launch of its newest Lakewood-based subsidiary, Millionacres. “With the creation of Millionacres, we aim to …

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BrokerageInvestmentMultifamily

Englewood Apartment Building in Opportunity Zone Sells for $8.5M

The LIV Apartments, a 30-unit, five-story apartment building, located at 201 Englewood Parkway in an opportunity zone in downtown Englewood, have sold for $8.5 million. Robert Bratley with CBRE Capital Markets in Denver represented the seller, a private local group. Hardwick Partners, an investment group out of San Francisco, purchased the property in a …

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