MultifamilyRentReports

Denver Ranks Among the 50 Most Competitive Rental Markets in the U.S.

According to RentCafe’s Year-End Report, the 2021 rental season brought fierce competition among apartment-dwellers nationwide, as they faced a rental market pressured by high demand, low-apartment availability and applications with top-notch credit scores. Known as the poster child for rental competitivity in the Colorado area, Denver ranked 38 among the top …

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BrokerageIndustrialMultifamily

NorthPeak Teams Up with Blue West Capital to Sell Western Slope Portfolio

On December 13, The Western Slope Portfolio — consisting of 143,377 total square feet made up of 59 single-family properties, 52 multifamily units and three industrial properties in Grand Junction — sold for $15,873,000 to an undisclosed buyer. Principals Scott Fetter & Joe Hornstein at NorthPeak Commercial Advisors, teamed up with …

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DevelopmentHospitalityMultifamily

McWhinney Acquires 2nd Great Divide Brewing Co. Parcel in RiNo

Following McWhinney’s 2019 purchase of 2.5 acres of Great Divide Brewing’s 4.7 acres in RiNo, the developer has purchased a second 2.2 acre parcel at 35th Street & Brighton Boulevard with plans to develop. Part of the 38th & Blake Incentive Height Overlay, the site is zoned to allow for a …

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BrokerageMultifamilyRenovation

Aurora Apartment Community Sells for $29.5M

Pathfinder Partners, a San Diego-based private equity firm specializing in multifamily real estate investments, recently announced the sale of The Harrison Apartments, a 119-unit multifamily community in Aurora, for $29.5 million. The Harrison, a 119-unit property located at 12000 East Kansas Drive, offers 1- and 2-bedroom units. Since its purchase …

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DevelopmentMultifamilyRentReports

Denver Rents Spike as Vacancy Dips to Lowest Point Since 2015

According to Northmarq’s Q3 Multifamily Market Report, the Denver multifamily market is benefitting from a rapid rebound in the local economy with vacancies tightening, rent growth spiking, and absorption levels remaining high. Unprecedented renter demand in Denver in recent quarters has fueled significant rent growth in the last six months. Absorption …

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BrokerageMultifamily

Sale of Historic Apartments in Uptown Denver Shows Demand for Studio Apartments

A 25-unit apartment building located at 1729 Pennsylvania Street in Denver’s Uptown neighborhood has sold to a confidential buyer for $5.1 million. Erik Toll with CBRE’s Denver office represented the seller, a private investor, who initially purchased the property in 2018 for $1.8 million. “When my client acquired the property, …

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DevelopmentMultifamilyOffice

Cypress Equity Investments Opens Denver Office

Cypress Equity Investments (CEI), a national multifamily developer headquartered in Los Angeles, has launched a new regional headquarters in Denver at The Circa Building, located at 1615 Platte St, Suite 200. The developer has hired local industry leader Beau Breck as senior vice president to lead the Denver office. CEI’s …

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ArchitectureConstructionDevelopmentMultifamily

Confluent Development Breaks Ground on 42 Units in Platt Park

On December 7, Confluent Development, Pinkard Construction and OZ Architecture, in partnership with Narrate Companies, celebrated the groundbreaking for the project partners’ first multifamily project, Carraway on Penn. The project is located just two blocks from the Louisiana/Pearl light rail station in Denver’s desirable Platt Park neighborhood. “Carraway on Penn represents …

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BrokerageFinanceMultifamily

Newly Constructed Multifamily Property in Wheat Ridge Sells to Seagate Colorado Partners

Seagate Colorado Partners, LLC, a seasoned, creative real estate investment company focusing its energies in urban and suburban areas in the Western United States, has purchased the newly constructed Outlook Clear Creek, a 310-unit multifamily property in Wheat Ridge, for an undisclosed sum. Seagate purchased the property from Evergreen Development. …

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BrokerageMultifamily

Renovated Apartment Community in Thornton Sells for $38.5M

Pathfinder Partners, a San Diego-based private equity firm specializing in multifamily real estate investments, announced this week the sale of Hadley Apartments in Thornton, to an undisclosed buyer, for $38.5 million. Hadley is a 140-unit multifamily community with a mix of one and two-bedroom apartments averaging 760 square feet. Since acquiring …

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