Newly Constructed Residential Tower in Downtown Denver Refinanced
The Quincy, a newly constructed, Class A, 359-unit, high-rise residential tower located in downtown Denver’s financial district, has received $125 million in financing that will be used to refinance the borrower’s construction loan. JLL worked on behalf of the borrower, a joint venture between 1776 Curtis, LLC and Pacific Life Company, to secure …
New Denver Mixed-Use Community Earns Pair of Awards for Excellence
In Denver’s highly competitive rental real estate market, resident satisfaction is essential for the current wave of new developments. Parq on Speer, a 16-story apartment and retail community near downtown Denver, has achieved early success, garnering two awards for resident satisfaction and customer service. J Turner Research named Parq on Speer to …
DMCAR Pays Tribute to “Heavy Hitters” in Commercial Real Estate
The Denver Metropolitan Commercial Association of REALTORS® (DMCAR) honored its top commercial real estate producers of 2019 in land, industrial, multi-family, office, investment, retail, and small office broker categories at the association’s annual Heavy Hitters Awards. In addition, DMCAR recognized its Young Broker of Denver, Top Landlord companies in the …
Apartment Property in the Highlands Sells for $7.5M
A 37-unit multifamily property, located at 2860 W 32nd Ave in the heart of Denver’s Highlands neighborhood, has sold for $7.5 million. Austin Smith of Nexus Commercial Realty, LLC, represented the seller, Shinji Wakura, and Brandon Kaufman & Nik MacCarter of Nexus represented the buyer, JDSM 2860 W 32nd Ave LLC. …
California Investment Firm Buys and Renames Apartment Community in Colorado Springs
Marking their second acquisition in Colorado Springs, NALS Apartment Homes, a fully integrated real estate investment firm headquartered in Santa Barbara, Calif., has purchased Watermark on Union, a premier pre-stabilized 244-unit, Class A+ apartment community located in the high-end, master-planned Cordera community. The property sold for an undisclosed price and …
Westminster Apartment Complex Sells for Over $200 Per SF
The Willowbrook Apartments in Westminster has sold for $11.75 million ($123,684 per unit and $204 per square foot) – the fourth highest price per square foot sale in Westminster for pre-1980s constructed multifamily assets. Willowbrook is a 95-unit apartment community built in 1973 and located at 7155 Raleigh Street in …
Denver Apartment Sale Breaks Price Per Square Foot Record
3206 Osage St, a 20-unit apartment building in the Lower Highlands neighborhood of Denver, has sold for $7.1 million and a record-setting $707 per square foot. Barton Thompson & Josh Newell of the Newell Team at Pinnacle Real Estate Advisors, LLC facilitated both sides of the transaction, the seller The Situs …
Mixed-Use Property Sells on Bustling South Broadway
A mixed-use property located at 66-70 South Broadway in the trendy Baker neighborhood of Denver, has sold for $1.8 million to an undisclosed buyer. Robert Bratley with CBRE’s Denver office represented the seller in the sale that closed Feb. 6. “This is a rare mixed-use property with three apartments above retail, which is …
Clarion Partners Purchases Two Boulder Apartment Assets
Element Properties, a Boulder-based real estate development and investment company, has sold two of its Boulder apartment assets to New York-based Clarion Partners. 2121 Canyon, a 60-unit apartment asset located at 2121 Canyon Boulevard, sold for $17.5 million and 2000 Walnut, a 32-unit apartment building at 2000 Walnut, sold for $10.477 million. Newmark Knight …
Denver Ranks 2nd in U.S. for Active Renters
For those who want to get and stay fit, the convenience of a fitness center close to home certainly helps. In the last decade alone, fitness amenities have been a regular fixture in around 90 percent of new apartment buildings nationwide, up from only 29 percent in the 1970s. According …