Phoenix Realty Group Acquires 280 Multifamily Units and Broadens Presence in Colorado
FORT COLLINS — Phoenix Realty Group (PRG), a national multifamily real estate fund manager, investor and operator, recently purchased Argyle at Willow Springs, a 280-unit Class B multifamily apartment community in Fort Collins, through an affiliated entity. The property was acquired with a third-party partner. PRG will operate the rental community and …
Patriot Park Apartments in Colorado Springs Receive $33M Construction Financing
COLORADO SPRINGS — Developer Goodwin Knight has received construction financing in the amount of $33.3 million, for Patriot Park Apartments, a 258-unit market rate multifamily project located on 8.8 acres just north of Platte Avenue and west of Powers Boulevard in Colorado Springs. Patriot Park Apartments will contain 258-luxury apartments across five buildings, …
Groundbreaking: Micro-apartments in Cherry Creek North
DENVER — GH Phipps and Architect Saiber Saiber recently joined with their client, Pando Holdings, to celebrate the groundbreaking of 135 Adams, a new five-story micro-apartment building now under construction at 135 Adams Street. The development will include 37 units that start at approximately 300 square feet to 800 square feet …
Mixed-use Development Approved for Aurora City Center
DENVER — Northstar Commercial Partners, Milender White and Canyon Partners Real Estate LLC are scheduled to break ground this month on a new, mixed-use development called Parkside @ City Centre. Located in Aurora, Parkside is a ground-up, mixed-use development featuring 216 market-rate, multifamily apartments, and 36,000 square feet of retail on 5.6 acres. The development …
Central Denver Portfolio Sells for $21.85M
DENVER — A 64-unit multifamily portfolio in Denver’s Capitol Hill and City Park West neighborhoods, has sold for $21.85 million. Senior Directors John Laratta and Nick Steele and Associate Director Tyler L. King of the Berkadia Denver office, along with Senior Managing Director Kenny Dudunakis and Senior Directors Ben Johnson and David Sorensen …
Riverwalk at Castle Rock Welcomes First Residents and Retail
CASTLE ROCK – Riverwalk at Castle Rock, a $63 million mixed-use development, has welcomed its first residents, a restaurant, brewery and ice cream shop. The catalytic project includes 230 residential units and 15,000 square feet of ground level retail and restaurant space, as well as 34,000 square feet of office space. …
MCWHINNEY Debuts SOVA on Grant
DENVER — McWHINNEY’s newest apartment home community, SOVA on Grant, is now complete, offering 211 multifamily homes located in the heart of Denver’s Uptown neighborhood. Located at 1901 Grant Street, construction on SOVA began in 2017. SOVA features studio, one- and two-bedroom apartment homes, along with six first-floor walkouts, ranging from …
64-acre Mixed-use Development Opportunity in Colorado Springs
COLORADO SPRINGS — CBRE is marketing a 64.22-acre mixed-use development opportunity adjacent to Peterson Air Force Base on behalf of Powers and Airport LLC, a partnership between Signature Realty Capital Corp., a California-based real estate development and investment firm and Stillwater Equity Partners LLC, a Utah-based real estate development and asset …
The Grammercy Apartment Homes in SE Denver Sell for $25M
DENVER – BH Acquisitions LLC has acquired The Grammercy Apartment Homes located at 9600 East Girard Avenue in southeast Denver for $25.8 million. David Potarf, Dan Woodward, Matthew Barnett and Jake Young of CBRE represented the seller, FPA The Glen, LLC, of San Francisco, an affiliate of FPA Multifamily LLC. The Carmel, IN-based …
Denver a More Affordable Tech Hub
A new study suggests that even high-earning technology professionals are having a hard time keeping up with rising rental costs. According to RENTCafe.com study on emerging tech hubs, the most recent BLS data revealed that IT wages in the Denver metro saw a 7.2 percent increase, while rents went up by 9.4 percent. However, …