New Business Alliance Forms to Further the Growth of Cherry Creek

On Monday, May 16, Cherry Creek’s four major business groups announced the formation of a new not-for-profit partnership, the Cherry Creek Alliance. Collectively, the partnership will work toward improvements and opportunities to further the growth of Cherry Creek, with a focus on business engagement, public policy and economic development. The four neighborhood entities …


Ryan Companies Starts Construction on Apartment Building in Lakewood Opportunity Zone

Ryan Companies US, Inc., a national commercial real estate solutions provider, has started construction on a 151-unit multifamily project in partnership with a private developer. Located at 1288 Wadsworth Blvd in Lakewood, the project is located near one of the busiest intersections in the area and is adjacent to an RTD light …


Apartments in Lakewood and Arvada Offer the Most Room/Person, says Rent Cafe Study

With the rental season in full swing, Rent Cafe decided to find out where renters can get the most private space per person. Using Yardi Matrix and U.S. Census data for 254 cities, the study ranks them based on the ratio of the average apartment size to the average number of …


Continental Properties Breaks Ground on 272-Unit Multifamily Project at Peña Station Next

Wisconsin-based Continental Properties, a national developer and operator of multifamily communities, retail, and hospitality properties, recently broke ground on a 272-unit multifamily project called Springs at Peña Station. The community will offer luxury-style apartment living on nearly 14 acres of vacant land at Peña Station Next. Brinkman Construction is the project’s general …


Greeley Apartment Building Trades for First Time in 90 Years

Boulder-based Warm Springs Holdings has acquired Bonell, a 350-unit apartment property located in Greeley, according to Boomer Beatty and Matthew Beverly, investment specialists with Marcus & Millichap’s Denver office. The duo represented Warm Springs Holdings and the seller, Good Samaritan, in the sale. A price was not disclosed. “This is the first …


Market Station Refinanced for $130M

Market Station, a newly built, Class A mixed-use project totaling 339,494 square feet in Denver’s LoDo, has been refinanced for $130 million, according to JLL. The borrower, a joint venture between Continuum Partners, LLC and Clarion Partners, LLC, to secure the 12-year, fixed-rate loan through a life company correspondent lender. …


The Pines at Broadmoor Bluffs in Colorado Springs Sells to California-Based Investment Firm

Benedict Canyon Equities, a California multifamily real estate investment company, recently purchased Pines at Broadmoor Bluffs, a townhome-style rental community in Colorado Springs, for $49 million, according to property records. Built in 1987, The Pines at Broadmoor Bluffs has 108 apartment homes across 26 buildings. The community has one garage …

Affordable HousingDevelopmentEducationMultifamily

Affordable Apartments with On-Site Early Learning Center Break Ground on Colfax

On April 7, Mercy Housing Mountain Plains, Alliance Construction Solutions, Mile High United Way, the City and County of Denver, and others celebrated the groundbreaking of The Rose on Colfax. This development will be a mixed-use with 82 affordable homes, along will a Mile High United Way Early Childhood Education Center on the …


Kroenke Sports and Entertainment Proposes Major Redevelopment of 55-Acre Site Next to Ball Arena

A major new development proposed by Kroenke Sports and Entertainment could play a key role in uniting LoDo, Auraria Campus, The River Mile, La Alma/Lincoln Park, Jefferson Park, and beyond. According to a Large Development Review plan submitted to the city, the KSE-Ball Arena Redevelopment will be a brand new entertainment …

Affordable HousingDevelopmentMultifamily

79 New Affordable Apartments Open in Westwood

Gorman & Co. joined with Denver’s Department of Housing Stability (HOST) on May 3 to celebrate the grand opening of Avenida del Sol, a new 79-unit affordable apartment community located in Westwood at the gateway to Denver, along Morrison Road just east of Sheridan. “Access to affordable and safe housing is key …