Highlands Ranch Apartment Sale Sets New Record
JLL has closed the largest single-asset apartment transaction in Colorado history with the sale of Palomino Park Apartments, a 1,184-unit, upscale apartment community in Highlands Ranch. JLL’s Capital Markets team brokered the $435 million sale on behalf of the seller, Nuveen Real Estate and also secured $282.75 million in financing for the …
New Multifamily Community to Replace Lakewood’s White Fence Farm Restaurant
This month, Crescent Communities will begin construction of NOVEL White Fence Farm, a 202-unit multifamily community, on the former site of Lakewood’s beloved White Fence Farm restaurant, which shuttered in 2018. Construction of the luxury community will be handled by CSI Construction with KTGY acting as lead architect. Landscape architecture is being performed …
200 Units Proposed in Denver’s Lincoln Park Neighborhood
Short Elliott Hendrickson Inc., a company of engineering, architecture, environmental and planning consultants serving public and private sector clients., recently submitted a concept plan on behalf of Shanahan Development, and Pedersen Development Co., proposing a 200-unit apartment project at 1530 W. 13th Ave. in Denver. According to the plan, which is yet to …
254-Unit Luxury Apartment Near Downtown Loveland Sells for $71M
According to CBRE, an affiliate of Abacus Capital Group has sold a 254-unit luxury apartment community in Johnstown. According to Larimer County property records, The Gateway at 2534 sold for $71 million, or $279,528 per unit. Built in 2015, the 10-building property features a mix of one-, two-, and three-bedroom …
Legacy at Fitz Apartment Community Opens in Aurora
Colorado’s first large-scale residential development to break ground in an Aurora Opportunity Zone, began its first phase of opening today. Phase I of Legacy at Fitz, located at 1363 N. Victor Street, consists of a five-story building with 109 residences and two townhome buildings with a total of nine three-bedroom units. …
Lifestyle-Focused Multifamily Residences Break Ground in Northglenn
A collection of multifamily residences have broken ground at Southern Land Company’s (SLC) Karl’s Farm development located at 1801 E. 120th Avenue in Northglenn. SLC will invest more than $90 million into the City of Northglenn with the project, building a total of 385 townhomes and studio, one, two, and three-bedroom apartment …
Virginia-Based Willow Creek Makes First Acquisition in Denver
Virginia-based Willow Creek Partners (Willow Creek) recently purchased The Croft Apartment Homes, a 138-unit mid-rise property located at 7200 E. Evans Ave., Denver, for $29.5 million, marking their first acquisition in the region. “Denver has long been a high priority market for us, and The Croft represents the perfect entrance into the …
Lone Tree’s First Affordable Housing Project Breaks Ground
On Tuesday May 25, Koelbel and Company, Coventry Development Corporation, the City of Lone Tree, and the Colorado Housing and Finance Authority celebrated the groundbreaking of the first affordable housing project in Lone Tree. Koelbel & Company recently received a highly competitive CHFA financing award for the project, which will be …
Equus Acquires Multi-Family Community in Fort Collins
Equus Capital Partners, Ltd. (“Equus”), one of the nation’s leading real estate investment managers, announced today that an affiliate has acquired Bucking Horse Apartments, a 98 percent occupied, 322-unit Class A apartment community located in Fort Collins. The acquisition was made on behalf of Equus Investment Partnership XI, L.P. (“Fund …
Colorado Faces One of the Highest Rates of Foreclosure or Eviction
High housing costs, a potential end to a moratorium on evictions and prolonged unemployment have many Americans worried about keeping a roof over their heads. A recent study by QuoteWizard by LendingTree, LLC found that nationwide, nearly 25 percent of people (1 in 4) are worried they will face foreclosure or …