Sale of Micro-apartment Community in Sloans Lake Marks Growing Trend
Sloan’s Place, a newly-constructed, 24-unit micro-apartment community located at 1540 Sheridan Boulevard in Sloan’s Lake, has sold for $5.275 million.. CBRE’s Robert Bratley represented the seller, Denver-based Highland Builders. The buyer, Helios Properties LLC, also of Denver, purchased the property in a sale that closed Oct. 10. Craig Branton with CBRE Capital Markets, …
Fourplex Multifamily Property Provides Entry Point for Investor
1101 North Emerson, a 4-unit apartment property located at 1101 N. Emerson Street in Denver, according to Skyler G. Cooper, regional manager of the firm’s Denver office. The asset sold for $1,242,500 to an undisclosed buyer. Boomer Beatty and Peter Standley, investment specialists in Marcus & Millichap’s Denver office, had …
Apartment Project Approved For Final Parcel at Sky Ridge Rail Station
A new 240-unit apartment complex has been approved for development on the last parcel of land at the Sky Ridge Station transit oriented development (TOD) site of the new RidgeGate community in Lone Tree. The seven-story apartment complex, which includes two levels of parking, is adjacent to various large employers in …
Investors Look to Smaller Markets for High Yield Spreads
Eagle’s Nest Apartments, a 30-unit apartment property located at 1041 W. 24th St. in Rifle, CO, has sold for $1,650,000, according to Skyler G. Cooper, regional manager of Marcus & Millichap’s Denver office. Greg Price and Jason Hornik, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing …
Greystar Announces Move-ins Now Underway at Parq on Speer
Move-ins are now underway at Parq on Speer – Denver’s luxurious new 16-story apartment and retail community. Located in the city’s bustling Golden Triangle neighborhood at the corner of Speer Blvd. and Bannock St., the new community is situated on two acres, with completion slated for December 2019. Located in the …
328-unit Apartment Community in Denver Sells for $99.25M
Lugano Cherry Creek, a 328-unit multifamily property located at 9601 E. Iliff Avenue in Denver, has sold for $99.25 million, or $302,591 per unit. Built in 2010, the five-story wrap building includes 13,262 square feet of retail. Newmark Knight Frank Vice Chairmen Terrance Hunt and Shane Ozment represented Toronto-based Brass Enterprises in the sale …
First-ever Multifamily Community Opens in Timnath
Located in Timnath, Colorado, between Fort Collins and Denver, the newly built Riverbend at Timnath Trail Apartments are officially open. Developed by Rooney Properties and managed by Mission Rock Residential, the 176-unit community is already 50 percent pre-leased, indicating continued demand for rental units on Colorado’s Front Range, even outside of the main urban …
New Affordable Housing Development to Welcome New Residents
Peoria Crossing, Aurora Housing Authority’s newest affordable housing development, located at 30th Avenue and Peoria Street in Aurora, is now complete and will open its doors to the first of many residents on Friday, October 4. Peoria Crossing added 82-units of affordable housing to the Morris Heights neighborhood. The transit-oriented development aims to connect people …
Holland Partner Group Planning 8-story Apartment Building in RiNo
According to the Denver Business Journal, Holland Partner Group is under contract on a parcel of land located behind the Industry building on Brighton Boulevard in RiNo. The land is currently owned by Jason Winkler, chief executive officer of QFactor, the brains behind Industry creative workspace. Holland Partner Group has …
Lakewood-based ICAST Paves the Way for Multifamily Sustainability
With support from a U.S. Department of Energy Office of Energy Efficiency and Renewable Energy (EERE) funding opportunity, the International Center for Sustainable Technology (ICAST), a nonprofit headquartered in Lakewood, Colorado, has completed energy-efficiency upgrades to nearly 1,000 multifamily buildings, yielding a reported savings of 7.4 million kilowatt hours (kWh), …