13-Unit Apartment Building Breaks Ground in Capitol Hill
DIRC Homes, a boutique builder focusing on urban infill and transit-oriented developments in Colorado — in partnership with Denver-based KRMN Investments, LLC, and Pivotal Architecture PC — broke ground this week on Capitol Hill’s newest multifamily project, Mullen Flats. “We are excited to work with new partners in the market …
Two Residential Projects Planned for Lone Tree
Two new residential projects are planned for Lone Tree at the RTD RidgeGate Station Transit Oriented District (TOD) site, including a market rate apartment complex by Regency Residential and RidgeGate and Lone Tree’s first affordable housing project by Koelbel and Company, which was recently awarded low income housing tax credits …
Newly Built Multifamily Complex in Broomfield Sells for $90M
Even during this pandemic, big sales continue to close successfully. A California-based company has purchased Fusion 355, a 286-unit multifamily property, located at 355 Eldorado Boulevard in Broomfield’s Interlocken neighborhood, for $90 million. Dan Woodward, David Potarf and Matt Barnett with CBRE Capital Markets in Denver represented the seller, AG Spanos from Stockton, …
Brinkman Executes First Acquisition Outside of Colorado
As part of their focus on real estate acquisitions, real estate investment and development company, Colorado-based Brinkman just closed on an existing multi-family community in Payson, Utah. Eversage, a newly constructed, 168-unit complex is located within the fastest-growing region of the Greater Salt Lake Area, the Provo MSA. The project …
80% of Apartment Households Paid Rent in May
Despite the staggeringly high unemployment rates across the country, the National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.2 percent of apartment households made a full or partial rent payment by May 6 in its survey of 11.4 million units. This is a 1.5-percentage point decrease in the share …
Arvada Net Zero Community to Add Condo Rental Units
Fourth Wave Energy, Inc. (FWE), a San Jose-based climate solutions technology company, has entered into an agreement whereby it has the option to acquire and help develop 19 acres of residential land for GEOS Neighborhood, an innovative mixed-use, net zero energy development in Arvada. Fourth Wave plans for the construction of …
Northglenn Apartment Homes Sell for $83M
Stone Mountain Apartment Homes, a 320-unit, 15-building multifamily property located at 11625 Community Center Drive in Northglenn, has sold for $83 million, according to CBRE. The property is located directly adjacent the City of Northglenn’s Civic Center redevelopment site, in which the city is investing $53 million. Dan Woodward, David Potarf and Matt …
Lakehouse Earns WELL Precertification at the Gold Level
NAVA Real Estate Development (NAVA), a Colorado-based development and investment company focused on projects that create economic and social value, today announced Lakehouse has become the first multifamily project in Colorado to earn WELL Precertification under the WELL Building Standard™. The WELL Building Standard is an internationally-recognized performance-based program that …
Transit-Oriented Development in Lakewood Goes Vertical
Denver-based general contractor Martines Palmeiro Construction (MPC) broke ground in February on Highland Development Company’s first ground-up apartment community in the Denver area, an integral addition to the West Line Village development near Sheridan Station. The project is going vertical with concrete at the garage, with the lower level garage walls …
Apartments Proposed to Replace Denver Pharmaceutical Plant
Austin-based Cypress Real Estate Advisors Inc. that provides real estate investment management and advisory services in the U.S., has proposed a 359-unit apartment project at 301 S.Cherokee St. in Denver. The site is currently occupied by an industrial plant owned by a pharmaceutical company that manufactures generic drugs. The plant has non-historic status, according …