Denver Multifamily Sold $12M
Denver, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 2133 South Eaton Street located in Denver, Colorado. The 109 unit apartment building sold on August 29th, 2016 for $12,050,000 or $110,550 per unit. Jules Hochman and Justin Brockman, both Senior Advisors, represented the seller …
Colorado Springs Multifamily Asset Sells for $1,525,000
Colorado Springs, CO — Unique Apartment Group (UAG), multifamily division of Unique Properties, Inc., recently brokered the sale of a 23-unit multifamily asset located at 1726 Clemson Drive in Colorado Springs, Colorado. The property sold for $1,525,000 or $66,304 per unit. UAG represented both the buyer and seller and the …
Northstar Commercial Partners Purchases 26-Acre Aurora Parcel with Plans Innovative Veterans-Focused Initiative
Aurora, CO – Northstar Commercial Partners recently announced the purchase of 25.6 acres of land for $7.75 million near the intersection of Colfax and Sable in Aurora, CO. Northstar intends to use this location to create a new supportive community focused on the local U.S. Military Veteran population in the Denver …
288-Unit Apartment Community in Northglenn Sold
Northglenn, CO – Joe Hornstein and Scott Fetter, brokers at Pinnacle Real Estate Advisors, announce the sale of Village by the Park located at 10701 Pecos Street in Northglenn, Colorado. This 288-unit apartment community, which consists of twenty-four 12-unit apartment buildings, sold for $26,000,000 on August 17, 2016. The property …
DBJ Unveils Crane Watch for CRE Industry
View here The Denver Business Journal launched a new interactive map that tracks all of the commercial development taking place in the Denver Metro Area. Crane Watch will be updated monthly and include the following industry sectors: office, hotel, multifamily, mixed-use, retail, healthcare and industrial. DBJ readers are encouraged to …
Affordable Housing Update: Fund Advanced to a Vote by the Full Denver City Council
View here The Affordable Housing Fund in Denver has been a topic of contention all summer, but the motion advanced to a vote by the full Denver City Council after a committee vote Wednesday, August 24th. The proposed fund would raise $156M over the next ten years with property taxes and a …
ARA Newmark Brokers Land Sale for Future Apartments in Denver Core
Denver, CO — ARA, A Newmark Company (ARA Newmark) announces the sale of a 1.15-acre land site in the most underdeveloped part of downtown Denver, the future home of Alexan Arapahoe Square apartment community. Construction is slated to begin this month with estimated completion in October 2018. Executive Managing Directors …
Hyder Completes New Detroit Terraces Multifamily
Denver, CO – Hyder has completed Detroit Terraces, a three-story, 50-unit, $7.5 million stick frame apartment building at Detroit and Colfax. The City Park neighborhood apartments feature sleek and modern finishes and 35 spaces of underground parking and provide a much needed affordable housing option in central Denver. The units consist …
Colewood Apartments Breaks Ground
Denver, CO – Alliance Construction Solutions (ACS) recently began construction of Colewood Apartments, a new multifamily development near 38th and Tennyson in Denver, Colorado. As the most recent development for Riverpoint Partners of Denver, this project will feature 49 luxury apartments with great views located in the heart of the …
AMLI at Flatirons Multifamily Acquired by Bell Partners
Broomfield, CO – Bell Partners Inc., recently announced that, on behalf of its investors, it has acquired AMLI at Flatirons, a 500-unit community in Broomfield, Colorado, located halfway between Downtown Denver and Boulder. The community will be renamed Bell Summit at Flatirons and will be managed by Bell Partners. It is located …