Residential Developers Keen to Invest at Peña Station Next
View here Developers like MGL Partners — a Denver-based multifamily development company and developer of the 218-unit Elevate at Peña Station apartment community at Peña Station Next — are keen to capitalize on the growing need for more housing within the smart-city neighborhood. According to Denver Business Journal, 35,000 people …
HFF Arranges Financing for Six Apartment Communities Including One in Denver
DENVER – Advenir, Inc., a real estate investment company headquartered in Aventura, Florida has received financing totaling $190.873 million for six apartment communities comprising 1,843 units In Texas, Alabama, and Colorado. including Advenir at Bear Valley, a 230-unit property located at 3550 S. Kendall Street in Denver. Holliday Fenoglio Fowler, …
Marcus & Millichap Capital Corp. Closes $33.1M in CRE Financing
DENVER – Marcus & Millichap Capital Corp. (MMCC), a leading national provider of commercial real estate financing and capital markets expertise, recently announced that more than $33.1 million in investment property financing was placed by its Denver office led by Phillip Gause, first vice president capital markets, and Alex Ducas, associate …
CBRE Facilitates 459-Unit Portfolio Sale in Fort Collins
FORT COLLINS — CBRE has secured the sale of the Ram’s Portfolio, a collection of six properties consisting of student/conventional housing, comprising 459 units in three different locations throughout the Fort Collins area. Representing the seller, Summit Management, the CBRE team completed the transaction with buyer FPA Multifamily, LLC. David Potarf, Dan Woodward, …
Zocalo to Deliver In-Demand, High-Design, Smaller Units to RiNo
By Katie Rapone Denver-based Zocalo Community Development recently broke ground on its largest project to date, a 13-story, 381-unit apartment community at 35th & Walnut in RiNo that aims to give renters, primarily those in their late 20s and early 30s, the opportunity to live in a top-class, high-design, high-energy building …
Leasing Begins at TriVista on Speer
DENVER – TriVista on Speer in Denver’s Golden Triangle neighborhood, is now leasing its one-, two- and three-bedroom units. The seven-story, 322-unit apartment community is located on Speer between 13th and 14th avenues. Legacy Partners (Legacy), a privately-owned national real estate firm, in a joint venture with USAA Real Estate, developed …
Lowry Multifamily Property Sells for $62M
DENVER — Los Angeles-based Gelt Inc., a multifamily investment company, has acquired Cedar Run Apartments, a 384-unit multifamily community located at 888 S. Oneida St. Maxx Properties sold the asset for $62 million. According to NKF Research, this is the largest multifamily transaction in the Lowry submarket in the past 18 …
Denver-based Investor Purchases Union Denver for $304M
View here On Friday, Daydream Apartments, a new Denver-based residential investment and management company, purchased Holland Partner Group’s Union Denver, a three-tower, 13-story apartment complex in downtown Denver, for $304 million, according to Denver public records. Union Denver will be rebranded as Union Denver by daydream according to a Daydream press …
RedPeak Purchases Third Denver Property of 2019
View here Denver-based RedPeak has purchased the Safari Club Apartments building, located at 990 Logan St. in Capitol Hill, for $16.8 million, according to property records. The sale marks the third property the company has purchased in recent months. Previous ownership had invested almost $400,000 in recent capital improvements in the past …
Aurora Multifamily Property Under New Ownership
DENVER – The Colony House, a 29,120-square-foot multifamily property in Aurora has sold for $3,825,000. The property is conveniently located at 152 E Del Mar Cir, less than 10 blocks south of Fitzsimons Medical Campus. Sean Holamon of Nexus Commercial Realty, LLC represented the Seller, Colony House Denver LLC., which has owned …