Multifamily Investors Drawn to Colfax Corridor
According to Marcus & Millichap’s 2020 Multifamily Investment Forecast, Colfax Avenue remains the common denominator of many apartment deals as the corridor provides investors wide-ranging dynamics to fit various investment criteria. Colfax Avenue remains the common denominator of many apartment deals as the corridor provides investors wide-ranging dynamics to fit various investment …
SMPS Luncheon: 2020 Economic Forecast
By Katie Rapone, editor of Mile High CRE On Thursday, Jan. 16, SMPS Colorado held their 2020 Economic Forecast Luncheon at a modern new venue, the Kimpton Hotel Born in downtown Denver. Industry experts discussed economic, labor, real estate, and global trends shaping our economy and the construction industry in 2020. …
West Colfax Apartment Community Sells for $145M
Luxe at Mile High, a newly-constructed, 382-unit multifamily community located at 3200 West Colfax Avenue in Denver, has sold for $145 million or $379,581 per unit. Newmark Knight Frank (NKF) Vice Chairmen Terrance Hunt and Shane Ozment handled the transaction between the seller, San Antonio-based Embrey, and the buyer, OZH Holding …
NKF Closes Fifth-Largest Multifamily Portfolio Sale in U.S. History
Aragon Holdings, LLC’s national portfolio of apartment properties has sold to Harbor Group International (HGI), a global real estate investment and management firm, for $1.85 billion. The transaction is the largest multifamily sale since 2016 and the fifth largest ever recorded in the U.S. Newmark Knight Frank (NKF) represented Aragon …
Gelt, Inc. Expands Denver Presence with $145.5M Acquisition
Gelt, Inc., a Los Angeles-based real estate investment and asset management firm, has significantly expanded its Denver region apartment portfolio with the $145.5 million acquisition of Kallisto at Bear Creek. Located at 2605 S. Miller Drive in the Bear Creek area of Lakewood, the asset includes 472 units. Gelt now owns …
Denver Metro Office, Retail and Industrial Sectors Close Out 2019 Strong
CBRE has released its Q4 2019 MarketView reports analyzing year-end performance for metro Denver’s office, industrial and retail sectors. “Metro Denver closed out 2019 strong, and we are now focused on some headwinds and tailwinds moving into 2020,” said Pete Schippits, senior managing director of CBRE’s Mountain States. “Looming questions remain around …
Avison Young Reveal Top Trends Impacting CRE in 2020
Avison Young has released its global 2020 Forecast, including ten trends to know for 2020, and national and local property market outlooks for the U.S. and around the world. The annual report series provides perspective on how global events, trends and indicators impact commercial real estate in a variety of sectors, …
Aurora Apartments Sell for $143M
Oak Coast Properties has acquired The Courtyards at Buckley, a large apartment community in Aurora, for $143 million. The acquisition marks Oak Coast Properties’ twelfth multifamily acquisition in metro Denver, signaling the firm’s continued bullish stance on commercial real estate investment in the burgeoning market. Oak Coast Properties also announced plans …
Sale of Two Apartment Communities in Aurora Shows Continued Demand
Two apartment properties in north Aurora have sold for a combined $19.5 million. Elm Grove, a 59-unit apartment property located at 11852 E. 16th Ave., sold for $7,200,000 and Aspen Grove Apartments, a 99-unit apartment property located at 1568 Nome St., sold for $12,375,000. Greg Price and Jason Hornik, investment …
New Apartments to Break Ground at 1,100-acre Mixed-use Community in Broomfield
Colorado-based real estate investor and developer, McWhinney, will break ground in early 2020 on Park 40, a new multifamily development consisting of 313 apartment homes at Baseline, the new 1,100-acre mixed-use community in Broomfield. Part of West Village at Baseline, situated at Highway 7/Baseline Road and I-25, Park 40 plans to feature 51 studio apartments, …