Governor Polis Takes Action to Help Address Colorado’s Housing Challenges
Colorado’s housing supply has not kept pace with population growth. The state has current unmet housing needs of tens of thousands of units and will continue to grow — it is estimated the state will add 1.72 million people by 2050. Nearly one-third of Colorado households spend more than 30 …
Study Identifies 21 Downtown Denver Office Buildings as Good Candidates for Conversion
On August 16, The City and County of Denver released a study evaluating the compatibility of underutilized office buildings for potential conversion to residential uses. This kind of conversion, also known as adaptive reuse, allows for an existing building to be modified for a new use or purpose. The study, …
Tree Farm Lofts Now Leasing in the Roaring Fork Valley
Dallas-based Realty Capital Residential and Lang Partners have commenced leasing at Tree Farm Lofts, the newest multifamily development in the Roaring Fork Valley. The Tree Farm Lofts multifamily community is located across Highway 82 from Willits Town Center at the Tree Farm. The first move-ins will begin in September and …
Chicago-Based Firm Adds 203-Unit Multifamily Property in Centennial to Portfolio
Draper and Kramer, Incorporated, a national real estate services firm, has acquired The Wright, a 203-unit new-construction multifamily property at 6465 S. Xanadu Way in Centennial. Completed in early 2023, the luxury rental community is in the Denver Tech Center submarket, one of the largest employment hubs in the metropolitan …
Trion Properties Grows Colorado Presence with Aurora Multifamily Acquisition
Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, has acquired Trailpoint on Highline, a 198-unit multifamily asset in Aurora. Trion purchased the property for a total of $41.1 million or $209k per unit, substantially below other properties sold …
Value-Add Multifamily Community in Pueblo Sells for $3.6M
Belmont Heights Apartments, a 36-unit multifamily community in Pueblo, has sold to Anchor Belmont LLC for $3.6 million, or $100,000 per unit. Cushman & Wakefield’s Multifamily Investment Services team in Colorado Springs represented both the buyer and the seller, Belmont Heights Apartments LLC, in the transaction. The team’s Lee Wagner …
81-Unit Affordable Apartment Community Breaks Ground in Aurora
Grovewood Community Development, a mission-driven affordable housing partner in south Metro Denver, officially broke ground today on Sapling Grove Apartments, a four-story, 81-unit, mixed-income affordable apartment community located at 10151 East Jewell Ave in Aurora. The energy-efficient development — designed by Santulan Architecture and built by BC Builders — will …
Pinnacle Closes Two Multifamily Sales in Metro Denver
Pinnacle Real Estate Advisors, LLC announced the sale of two apartment communities in July. Chris Knowlton, vice president, Mark Knowlton, advisor, and Jim Knowlton, owner/principal, with the Knowlton Lawson Team at Pinnacle, announced the sale of the Virginia Marie Apartments at 600 S Logan Street in Denver. The 12-unit property …
Denver Ranks 9th in US for Residential Construction
Fueled by a population surge that’s been driving up demand for housing, Denver has seen intense activity in the residential development market. The city, which continues to attract skilled talent with a robust science and technology employment scene, has amplified construction efforts particularly in the multifamily sector. The latest Yardi …
Demolition Ceremony Marks New Beginnings for 10th and Sheridan Intersection in Lakewood
On July 25, Trailbreak Partners and Lakewood’s Economic Development Division began the highly anticipated demolition of the Holiday Shopping Center at the southwest corner of West 10th Ave. and Sheridan Blvd. The demolition ceremony took place at 955 N. Sheridan Blvd., marking a significant milestone in the ongoing revitalization efforts …