32-Unit Multifamily Sold in Lakewood
Denver, CO – Pinnacle Real Estate Advisors, LLC announced the sale of the Fleur De Lis Apartments located at 5275 West 1st Avenue in Lakewood, Colorado. This multifamily property has 32 units and was built in 1961. The building is located just off Sheridan Boulevard and West 1st Avenue. The property …
Prescient Partners with Trammell Crow for Second Denver Multifamily Project
Denver, CO – Prescient announced its second Denver partnership with Trammell Crow Residential (TCR), this time for the Alexan 20th Street Station, a 12-story multi-family residential structure which will house 354 apartments in Denver. The structure is located at 20th Street Station on 1.14 acres at 2014 California St. in Denver. This …
Affordable Housing Central Theme Denver Metro Chamber of Commerce’s Annual State of the City
View here Denver Mayor Michael Hancock gave the keynote address at Denver Metro Chamber of Commerce’s Annual State of the City event, held Tuesday, August 9, 2016, that reiterated the city’s plan for affordable housing. Panelists included Amy Harmon, Founder and Managing Partner of Urban Market Partners, LLC and Community Coordinating …
CO Construction Defect Law Featured in Wall Street Journal
View here Colorado’s construction defect laws make national news with an article in the Wall Street Journal, entitled Threat of Lawsuits Crimps Condo Developments. The article notes that condos have been the slowest segment of the U.S. housing market to make any kind of “comeback” and that the construction defect laws in …
CBRE Affordable Housing Arranges Sale & Financing of 140-Unit Property in Denver
Denver, CO – CBRE Affordable Housing has arranged the sale and financing of Diamond at Prospect, a 140-unit affordable multifamily property in Denver, Colorado, to Hamilton Zanze Real Estate Investments for $20.5 million. CBRE Affordable Housing represented Security Properties Inc. in the sale of the property, which contains 98 units …
$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