Affordable HousingDevelopmentInvestment

Mayor Hancock Outlines 2023 Budget Proposal to Address Affordable Housing and Reinvigorate Downtown Denver

This week, Mayor Michael B. Hancock submitted his 2023 budget proposal to the City Council, a fiscally sound and responsible plan rooted in equity and inclusion that will support our city’s continued recovery while also investing in programs and services that will have generational impacts. “Our recovery is strong, we’re …


North Beacon Capital Acquires Golden’s Cole Center for $32.7M

North Beacon Capital, LLC has purchased Cole Center, a 155,610-square-foot recently renovated office building in Golden, for $32.7 million. JLL Capital Markets represented the sellers, Bancroft Capital and Viking Partners, in the sale. Renovated in 2021, Cole Center is a four-story, multi-tenant office building offering a re-imagined lobby and upgraded …


Industrial Investment Property Sells Near New Amazon Fulfillment Center in Loveland

Denver-based investment brokerage firm Quiver Investments recently closed the sale of 6310 Byrd Drive in Loveland, a 9,450-square-foot truck fleet maintenance facility situated on 2.62 acres and occupied by Penske Truck Leasing. A sale price was not disclosed. Ben Swanson and John Witt of Quiver Investments represented a repeat out-of-state investor who continues …


7 Facts: How Federal Interest Rate Increases Affect CRE Multifamily, GoDocs Infographic

GoDocs, the automation leader in commercial loan document generation, released its 7 Facts: How Federal Interest Rate Increases Affect CRE Multifamily Infographic, which provides a visual guide to quickly understand how changing interest rates may or may not affect the commercial multifamily housing lending landscape. The easily digestible infographic not only provides …


Denver Multifamily Market Sees Highest Absorption in More Than 20 Years

Multifamily investors continue to focus on the Denver market, where rent growth reached 16.5% over the past year, ending with Q1 2022. According to a Mid-Year Multifamily Review by The Laramar Group, a leading national real estate investment and property management company based in Denver, the Denver multifamily market is …

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Corporate Housing Franchise Provider Appears on Inc. 5000 List

AvenueWest Global Franchise, a real estate partner for property investors and the corporate housing community, with an office in Lakewood, has been named one of the fastest-growing companies by Inc. magazine in 2022. AvenueWest ranked no. 1901 on the annual Inc. 5000 list, the most prestigious ranking of the nation’s …

Affordable HousingDevelopmentInvestmentMultifamily

Mayor Hancock Launches Supportive Housing Program

On July 1, Mayor Michael B. Hancock joined with officials from the U.S. Department of the Treasury, homelessness response and mental health service providers, and funders to launch the Denver Housing to Health (H2H) program, a new pay-for-success initiative. The H2H program will leverage local housing resources, $11.75 million from …


DB Capital Buys Second Multifamily Property in Denver Metro in a Month

DB Capital Management (DB Capital) has acquired its second multifamily asset in the Denver metro in the last month with the purchase of Gardens on Paris, a 149-unit apartment community in Aurora, for $24.55 million. In the last 12 months, the firm has added nearly 500 units to its local …


Market Station Refinanced for $130M

Market Station, a newly built, Class A mixed-use project totaling 339,494 square feet in Denver’s LoDo, has been refinanced for $130 million, according to JLL. The borrower, a joint venture between Continuum Partners, LLC and Clarion Partners, LLC, to secure the 12-year, fixed-rate loan through a life company correspondent lender. …


The Pines at Broadmoor Bluffs in Colorado Springs Sells to California-Based Investment Firm

Benedict Canyon Equities, a California multifamily real estate investment company, recently purchased Pines at Broadmoor Bluffs, a townhome-style rental community in Colorado Springs, for $49 million, according to property records. Built in 1987, The Pines at Broadmoor Bluffs has 108 apartment homes across 26 buildings. The community has one garage …