BrokerageMultifamily

CBRE Arranges Two Multifamily Sales Totaling $99.5M in CO Springs

COLORADO SPRINGS — CBRE recently arranged the sales of two apartment communities in Colorado Springs; Woodland Hills and Creekside at Palmer Park. Woodland Hills sold for $27 million and Creekside at Palmer Park sold for $72.5 million, representing Colorado Springs’ largest single-property multifamily sale this year by number of units (328). The …

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ConstructionDevelopmentMultifamilyRecreation

Iconic Denver Apartment Community Completes $1.2M Renovation

DENVER — Spyglass Hill Apartments — an iconic 573-unit Denver apartment community, serving approximately 1,500 residents — has completed a $1.2 million, two-phase renovation project that includes a new luxury open space and community center. Built in the 1970s, Spyglass Hill was purchased by Arel Capital in 2016 and is managed by …

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DevelopmentEngineeringFeatureMultifamily

BIM Technology Revolutionizing Multifamily Market

By Katie Rapone Long gone are the days when AEC professionals had to rely on 2D drawings in-order to construct a building from start to finish. The traditional design process required excessive interpretation, created waste and exposed owners to risks. Building Information Modeling (BIM) — an intelligent 3D model-based process that …

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Affordable HousingArchitectureConstructionDevelopmentMultifamilyTransit

New Project: Atlantis Apartments

DENVER — The Atlantis Community Inc. (ACI), a non-profit organization that advocates for people with disabilities, is developing a new TOD community that will cater to Denver’s disabled community. Located two blocks from the Alameda light rail station in the Baker neighborhood of Denver, the Atlantis Apartments will consist of 60 one- and …

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ArchitectureDevelopmentHospitalityMultifamilyOfficeRetail

Palisade Partners Plans Complimentary Projects in Five Points

DENVER — Palisade Partners — a Denver-based mid-market real estate development firm focused on developing modern infill projects in Central Denver — plans to build, The Hooper, a nine-story, transit-oriented, mixed-use project at 2602 Welton Street, that will serve as an amenity for the Five Points neighborhood. The building will maximize density …

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InvestmentMultifamilyProperty Management

North Carolina Investor Acquires 6th Multifamily Community in Metro Denver

WESTMINSTER — Bell Partners Inc., one of the nation’s leading apartment investment and management companies, recently announced it has acquired Bradburn Row, a 310-unit community located in Westminster. The North Carolina-based investor paid $90.48 million, according to public records. Bell now owns six communities in Colorado. The company also purchased Alta Cherry Hills …

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BrokerageMultifamily

Luxury Apartment Homes in Broomfield Fetch $106M

BROOMFIELD — The Terracina Apartment Homes located at 13620 Via Varra Road in Broomfield, have sold for $106 million or $293.54/SF. “Terracina’s truly unique location — in the heart of the Silicon Valley of the Rockies and within the fast growing Broomfield Business Park — and construction style — that …

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BrokerageMultifamily

The Modern Apartment Community in Southwest Denver Sells for $41.25M

DENVER – The Modern apartment community located at 6301 West Hampden Street in Denver has sold for $41.25. Dan Woodward, David Potarf, Matthew Barnett and Jake Young of CBRE represented the seller, Fowler Property Acquisitions of San Francisco. The buyer, Los Angeles-based Jacobson Co., purchased the property in a transaction that closed …

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ConstructionDevelopmentMultifamilyOfficeRetail

Riverwalk Pedestrian Bridge in Castle Rock Raised

CASTLE ROCK—  Riverwalk, a $60 million mixed-use development in downtown Castle Rock, by developer Confluence Companies, recently celebrated an important milestone. On Veterans Day, the Riverwalk Pedestrian Bridge was raised. The bridge is approximately 140 feet long and seven feet wide and weighs 32 tons. It connects from the Riverwalk South Building …

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AwardsMultifamily

Apartment Association of Metro Denver Announces 2018 Tributes Awards

DENVER – This weekend, the Apartment Association of Metro Denver (AAMD) recently hosted more than 1,300 members and allies from across the region for its 2018 Tributes Awardscelebration. More than fifty Tribute awards were presented to individuals, suppliers, and communities for notable, lasting achievements in Colorado’s multi-family real estate sector. “This was a special …

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