Cypress Real Estate Advisors to Develop Upscale Apartment Community in Denver
Cypress Real Estate Advisors (“CREA”) has received $67 million for the construction of The Cameron, an upscale apartment community located at 4545 E. Warren Ave. in Denver. The Cameron will be a five-story, 361-unit wrap property, consisting of 30 studio, 239 one-bedroom and 92 two-bedroom apartments. Led by Denver-based Principal Chase Hill …
Grand Opening: Kabin Apartments in RiNo
On Thursday, September 17, Zeppelin Development held a socially distanced grand opening for Kabin, a 200-unit design-forward apartment building on the Taxi Campus in RiNo. Attendees enjoyed intimate tours and bites from Thai Kun, drinks from Lost City and tunes by TAXI’s very own DJ Simone Says. Kabin provides attainably priced apartments to …
Palisade Partners Closes on Land for TOD in SoBo
Palisade Partners, developer of innovative and sustainable multifamily and mixed-use projects in Denver, has purchased 25,000 square feet (±0.57 acres) of land located at 1900 South Acoma Street in the popular South Broadway (SoBo) neighborhood. According to plans submitted on April 6 to Denver’s Community Planning and Development department, Palisade …
Denver-based Private Equity Firm Acquires Durango Apartment Community for $35M
Trailbreak Partners LLC, a Denver-based private equity firm, has acquired the 171-unit Confluence at Three Springs Apartments located at 150 Confluence Avenue, Durango, from GF Properties Group, LLC for a purchase price of $35.25 million. Confluence at Three Springs, a best-in-class apartment complex, anchors the town center of Three Springs, …
276-Unit Multifamily Community in Fort Collins Sells for $74M
Buchanan Street Partners, a California-based real estate investment management firm has acquired a 276-unit multifamily community in Fort Collins, from Milestone Development Group, for $74 million. Built in 2018, The Vibe Apartments consists of 12 buildings, on 10 acres of land and was 93 percent occupied at the time of sale. …
Report Examines “Whole Foods Effect” on Rental Rates
Most people in real estate are familiar with the “Whole Foods Effect”—the premium added to the value of apartments that have a Whole Foods on the ground floor—but the actual numbers behind that effect may not be clear. A recent report from RCLCO Real Estate Advisors demonstrates how the effect has held up …
Oak Coast Properties Sells $163M Pembrooke Property in One of 2020’s Largest Apartment Deals
Bridge Investment Group has purchased Pembrooke on the Green Apartments in Denver for $163 million, marking one of the largest apartment community sales in Denver by value in 2020. Owner, Los Angeles-based Oak Coast Properties, originally purchased the community—one of the largest in Denver encompassing 959 units—in 2016 and deployed an extensive renovation …
Plans for Ridgegate Community Moving Forward
The RidgeGate community in Lone Tree continues to see significant forward momentum despite the many challenges faced this year due to the pandemic and economic conditions. Thanks to a growing appreciation for many of its core community foundations established as part of the master plan more than 20 years ago, …
Two Multifamily Properties in Sought-After Area Sell for Almost $5M
Two multifamily properties, Sublime and Patina, located at 59 and 65 Ogden Street in Denver, have sold for $4,999,00 Robert Bratley with CBRE’s Denver office represented the buyer, a private local investor. A confidential seller transferred the properties in a sale that closed Sept. 1. “This is the second time I have sold …
Greenwood Village Has the Largest Apartments in Denver Metro
After months spent cooped up in our homes because of the pandemic, it’s safe to say the size of our apartment matters. And, oftentimes, it’s not just about the number of bedrooms an apartment has, but how many square feet of space it offers. A new study from RENTCafé ranks …