Tennyson Place Apartment Community Sells for $32.4M
Cohen Rojas Capital Partners, a private real estate investment firm specializing in value-add residential and mixed-use properties, has purchased Tennyson Place apartment community in Denver for $32.4 million. Andy Hellman, Justin Hunt, Erik Toll, Katie Fergen and Jessica Graham with CBRE’s Denver office represented the seller, Allante Properties. “We are incredibly …
New 250-Unit Mixed-Use Project Coming to Denver’s Golden Triangle Neighborhood
Denver-based developer Summit Capital Venture Group has purchased 1158 Delaware Street and 328 W 12th Avenue, an 18,750-square-foot land deal, for the sale price of $5.4 million. Summit plans to demolish the existing apartment buildings on site and build a new 250-unit mixed-use project with 2,000 square feet of ground-floor retail. The …
Piper Sandler Secures Financing for Public Infrastructure Needed to Build More Than 50,000 Homes in Colorado
In the past year, Piper Sandler’s Special District Group has secured financing for public infrastructure that will lead to the construction of more than 50,000 new homes across the state of Colorado. The homes include a mix of single-family detached homes and multi-family housing units, as well as more than 2,300 acres of parks and …
Six Apartment Assets on Federal Blvd Sell for $56.5M
A 325-unit apartment portfolio in Southwest Denver has sold for $56.5 million. The portfolio comprises six properties: The Amherst, Federal Terrace, Autumn Ridge, Pinecrest Apartments, Elm Creek Apartments, and The Hill Apartments. All six apartment assets are located along S Federal Blvd and were approximately 96 percent occupied at the time of …
Kephart Designs New Residential Project in Winter Park
By Josh Thomas, KEPHART project manager KEPHART is driven by the belief that everyone deserves a well-designed place to live, work, and play. We fulfill that mission by creating residential communities that employ thoughtful and practical design solutions. One recent project stands out as both a new residential opportunity and a promising indicator …
Denver Housing Authority Awards Land to Warren Village in Southwest Denver
Warren Village, a Denver-based organization focused on providing housing and helping low-income, single-parent families make the journey from poverty to self-sufficiency, plans to expand program services to a third facility on newly acquired land awarded through a highly competitive process managed by The Denver Housing Authority (DHA) and the City and County of …
Mountain View Capital Acquires Luxury Apartments in Downtown Denver
Point 21 Urban Flats, a 212-unit, luxury, core-plus, podium-style multi-housing asset in downtown Denver, has sold to Mountain View Capital for $84.25 million, according to public records. JLL worked on behalf of Mountain View Capital to arrange a $52 million, five-year acquisition loan with four years of interest only through a JLL correspondent national insurance …
Broadmark Secures Construction Financing for Two Colorado Projects
Broadmark Realty Capital Inc. (“Broadmark”), an internally managed secured real estate finance company, has announced the origination of three short-term construction loans in the third quarter of 2021 totaling approximately $48.4 million. The loans include: $25.7 million to sponsor Alura Vail, LLC to fund the construction of Alura Vail, a …
New Real Estate Investment Firm Launches in Denver
Leale Capital, a specialized commercial real estate investment firm focused on maximizing the value of existing multifamily properties along Colorado’s Front Range, has officially launched in the Denver market. The firm’s debut includes investments in three promising multifamily properties in partnership with Strat Ventures. Founded by seasoned commercial real estate finance …
Prime West Secures $90.4M in Capital for Opportunity Zone Multifamily Development in Aurora
Prime West has secured $90.4 million financing for the development of Claro at High Point, a 365-unit, Class A, garden-style multifamily development in an Opportunity Zone within Aurora. JLL Capital Market worked on behalf of Prime West to arrange opportunity zone joint venture equity through Bridge Investment Group Holdings, along with …