The Confluence Celebrates Topping Out
Denver, CO – PMRG, a nationally recognized, full-service commercial real estate firm, and its partner National Real Estate Advisors, announced the topping-out of their 35-story apartment project, The Confluence. Located at Denver’s founding site, where the South Platte River and Cherry Creek converge, The Confluence makes a modern architectural statement at the NW …
Deer Crest Apartments in Denver Purchased by Griffis/Blessing for $55M
Denver, CO – Griffis/Blessing, Inc., recently closed on Deer Crest Apartments in Broomfield for $55 million, with the assistance of ARA Newmark, the listing broker. “Deer Crest is in an ideal location, midway between Boulder and Denver and only five minutes east of the Flatirons Station on the future Northwest …
New Energy Efficiency Rules in Place for Denver’s Commercial Buildings
View here The Denver City Council passed new regulations regarding energy efficiency for Denver’s commercial buildings before adjourning for the holidays. Starting in 2017, owners of buildings 25,000 SF or larger will need to determine the Energy Star score of their buildings using the U.S. Environmental Protection Agency’s Energy Star …
Alexan Sloan’s Lake, 369-Unit Multifamily, Sells for $102.8M
Denver, CO — ARA, A Newmark Company (ARA Newmark) sold Alexan Sloan’s Lake, a 369-unit, multihousing asset for $102.8 million. ARA Newmark’s Vice Chairmen Jeff Hawks, Terrance Hunt, Doug Andrews, Shane Ozment and Executive Managing Director Chris Cowan represented a joint-venture between Trammell Crow Residential and an institutional investor in …
Sale of New Multifamily Asset in Denver’s Top Employment Hub Signals Rising Demand for Construction
Denver, CO — ARA, A Newmark Company (ARA Newmark) recently sold Helios, a high-end multifamily community in the Denver suburb of Englewood, Colorado, developed by Hines, an international real estate firm. A 258-unit community, Helios is one of the first newly delivered communities to trade amid an apartment construction boom …
CBRE Completes $25.7M Sale of Brix on Belleview Apartments in Englewood
Denver, CO – CBRE has completed the sale of Brix on Belleview, a 175-unit apartment community located at 175 West Belleview Avenue in Englewood. The property, which was approximately 95.4 percent leased at time of sale, commanded a sale price of $25.73 million. Jake Young, Dan Woodward, Dave Potarf and Matt …
The Vineyards Apartments in Colorado Springs Sells for $55.2M
Colorado Springs, CO – Colliers International Denver Multifamily Advisory Group sold the Vineyards Apartments, a 300-Unit community built in 2002. The property sold for $55,250,000, making it the third largest apartment sale in Colorado Springs history. Bill Morkes and Craig Stack of Colliers Multifamily Denver Advisory Group represented the seller, who …
Prescient Partners with Trammell Crow Residential to Complete Two Multifamily Projects in Denver
Denver, CO – Prescient announced an ongoing partnership with Trammell Crow Residential (TCR) and the completion of two multifamily projects in Denver. Alexan Uptown is Prescient’s tallest structure to date in Denver. The 12-story, 372-unit apartment building features more than 450,000 square feet of total building area and consists of eight …
Madison Commercial Sells Aurora Multifamily $9.1M
Aurora, CO – A new standard for price per door has been set for North Aurora C class apartments. The 93-unit apartment portfolio located on Macon St. on the Colfax Corridor just blocks from Anschutz Medical Campus just sold for $9.1 Million. This value add portfolio was brokered by Michael …
ARA Newmark Closes Highest Multifamily Trade in Colorado Springs History
Colorado Springs, CO — ARA, A Newmark Company (ARA Newmark) sold Grand River Canyon, the highest multifamily trade in Colorado Springs history and the third largest trade of any asset class in the metropolitan area since 2001. Grand River Canyon sold for an undisclosed price. Executive Managing Director Kevin McKenna, …