$45M Financing for 304-Unit Apartment Community Arranged by HFF
Centennial, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $45 million in permanent financing for 360º, a 304-unit, newly-built Class A apartment community in the southeast Denver suburb of Centennial, Colorado. HFF worked exclusively on behalf of an institutional investor to secure the seven-year, 2.98 percent …
Affordable Housing Proposal Vote Moved Back to September
View here Denver City Council will now have until September to consider the affordable housing proposal that is set to raise $150 million in the first ten years, funded by taxes and fees on new and existing real estate. Photo of Palace Construction’s Stapleton Affordable Housing Project: Northeast Denver Housing Center, Photography @theunfounddoor
42-Unit Multifamily Sold $4.5M South Broadway
Denver, CO – Pinnacle Real Estate Advisors, LLC recently sold 1330 W Mississippi Avenue in Denver, Colorado. This 42-unit property sold on July 26th with a contract price of $4,534,000; $107,952 per unit and $177.16 per square foot. The property, built in 1971, is located less than a mile from Washington …
Crowdfunding: Catalyst for Diversity of CRE Projects?
by: Julie Wanzer, LEED AP Providing alternative funding sources allows those transactions that may not be appetizing to traditional banks to become a reality and provide for diversity of projects in the commercial real estate industry. Denver, CO – Crowdfunding has long been synonymous with raising donations for fundraisers and …
Update on Proposed TOD Orchard Station in Greenwood Village
View here Alberta Development Partners has reportedly removed its master development plan for Orchard Station, a planned transit-oriented development set to break ground in Greenwood Village. Rendering courtesy of Alberta Development Partners, LLC
FirstBank Finances $24.3M Construction Loan for DeLo Apartments
Louisville, CO – FirstBank is financing a $24.3 million loan for DeLo Apartments, LLC. The loan will help build a 115,000 sq. ft. luxury apartment complex, featuring 130 units in the newly redeveloped Downtown East Louisville neighborhood (referred to as “DeLo”). The apartment development, located on a 12.6 acre plot …
Pinnacle Sells Two Lakewood Multifamily Units Over $1M
Lakewood, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 9493 W 14th Avenue in Lakewood, Colorado. This 8-unit property sold on July 14th with a contract price of $1,125,000; $140,625 per unit and $120.32 per square foot. The property, located just 2 blocks from the …
Industrial Condos & 64-Unit Multifamily Sold by Pinnacle
Broomfield, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 7110 West 117th Avenue, Units A4 and A5 located in Broomfield, Colorado. The 3,000 square foot industrial condos sold on July 11th, 2016. The property traded for $420,000. Doug Kaste, Associate Advisor, represented the seller …
Pinnacle Continues Multi-Family Brokerage Colorado Springs to Denver
Colorado Springs, CO – Pinnacle Real Estate Advisors, LLC announces the sale of 1075 Magnolia St, Colorado Springs, Colorado. This multifamily property has 4 units and was built in 1972. The building is located less than a mile south of the University of Colorado’s Colorado Springs campus. The property sold on …
Seagate Acquires One Belmar Place Apartments for $46.6M
Lakewood, CO – Seagate Colorado Partners, LLC recently announced that it has completed the purchase of One Belmar Place Apartments from Cornerstone Real Estate Advisers, acting on behalf of an institutional investor. The 208-unit complex, located at 770 S. Vance Street in Lakewood, Colorado, traded for $46.6 million. Built in 2001, …