ConstructionDevelopmentMultifamilyRetail

Southern Land Company’s Bespoke Uptown Community Welcoming Residents

Bespoke Uptown community at 17th and Pearl Streets in Denver, is now open to residents. Blending modern conveniences with historic neighborhood preservation, the development features 316 upscale apartments spread over 10 floors with over 12,000 square feet of ground-level commercial space. Southern Land Company worked with Historic Denver to preserve …

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ConstructionDevelopmentMultifamily

Multifamily Development in Commerce City Receives Financing

Denver-based Southwestern Property Corp. is to begin construction of Aspen Hills Apartments, a 180-unit, $40.5 million multifamily community, to be located in the rapidly growing Reunion/North Range area of Commerce City.  A $34.4 million construction loan under the HUD 221(d)(4) program was originated by Kelley Klobetanz, managing director at Greystone, a leading national commercial …

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ConstructionMultifamilyReports

3 Colorado Suburbs Among Top 20 for Most Newly Built Apartments

The pandemic brought a newfound appreciation for suburban America, especially among renters working from home. With more apartment-dwellers embracing life outside of the crowded big cities, RENT Café wanted to see which suburbs are well equipped to receive new residents. According to the study, suburban Colorado delivered close to 21,700 new rentals since 2016. Three of …

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MultifamilyRentReports

Study: Do Landlords Know What Renters Want?

The team at Millionacres, a real estate investing service by The Motley Fool, surveyed 1,500 renters and 136 landlords to find out if landlords really know what their renters want, and more specifically, if renters are willing to pay more for specific features in a rental property. According to the study, …

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BrokerageConstructionDevelopmentMultifamily

Newly-Built Apartments in Longmont Trade for Record Price

According to Brinkman Real Estate, Union Pointe, an eight-building apartment community in Longmont, has traded to Minneapolis-based Centerspace, a publicly traded real estate company focused on multifamily. The property was sold for $76.9 million ($300,390/unit), marking a record-high multifamily transaction for the Longmont market. Brinkman developed the property in partnership with Jensen LaPlante Development and …

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ArchitectureBrokerageDevelopmentInvestmentMultifamily

Townhouse Property in Cherry Creek North Fetches $575k Per Unit

The Townhouses at Cherry Creek North, a luxury multifamily community located at 101 Harrison Street in Denver, has sold for $6.9 million, or $575,000 per unit – representing the most expensive per-unit, arms-length multifamily transaction recorded in Denver. Erik Toll of Pinnacle Real Estate Advisors LLC.represented the seller and buyer …

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BrokerageMultifamily

Colorado Springs Apartment Community Sells for $29M

Elevate Apartment Homes in Colorado Springs has sold for $29 million ($151,042 per unit and $186 per square foot). Elevate is a 192-unit apartment community built in 1975 and located at 370 Crestone Lane, located in the southwest part of Colorado Springs – a very hot rental submarket experiencing significant redevelopment and growth. According to …

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ConstructionDevelopmentMultifamilyTransit

Groundbreaking: Sky Ridge Station Apartments, Lone Tree

Construction has begun on the Sky Ridge Station Apartments, a new 240-unit apartment complex situated on the last parcel of land at the Sky Ridge Station transit-oriented development (TOD) site. The seven-story apartment complex, which includes two levels of parking, is adjacent to several large employers in the area including …

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BrokerageMultifamily

Apartment Property in Denver’s Golden Triangle Sells for $10.8M

Satori Residences, a 24-unit multifamily property in Denver’s Golden Triangle Creative District, has sold for $10.8 million.  Satori Holdings LLC sold the property to a confidential out-of-state entity in a transaction that closed Dec. 3. Satori Residences is a newly built, five-story property located at 950 Lincoln Street, the property totals …

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BrokerageMultifamily

Multifamily Portfolio in Sloan’s Lake Trades for $14.5M

A three-building multifamily portfolio located in the Sloan’s Lake neighborhood of Denver, has sold for $14.5 million. Robert Bratley with CBRE’s Denver office facilitated the sale of the 69-unit, 41,850-square-foot portfolio on behalf of the seller, a local private investor. The buyer, also a local private investor, acquired the properties in …

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