Latest CBRE Report Shows Diverse Activity Across Denver’s CRE Sectors
Metro Denver’s office, industrial and retail commercial real estate sectors all posted strong positive net absorption in the third quarter of the year, according to CBRE’s latest quarterly reports. The market recorded more than 1.4 million square feet of incremental new space occupied in Q3 2019, supported by strong leasing activity …
Pinkard Construction Awarded Phase Two of the Edge Residential Community in Loveland
The Loveland Housing Authority (LHA) has selected Pinkard Construction Company as construction manager/general contractor to continue construction on phase two of the Edge Apartment Community in Loveland. Pinkard will work with OZ Architecture to construct the 68,000-square-foot complex. It will consist of 69 units in four three-story walk-up buildings as well as a …
300 Homes and Apartments Proposed for Fort Collins
With hundreds of new homes and apartments already under construction or in Fort Collins’ planning pipeline, award-winning local commercial real estate professional Travis Ackerman offers an expert insight into more than 300 additional properties newly proposed for the south of the city as of this month. “It’s understood that a …
Sale of Micro-apartment Community in Sloans Lake Marks Growing Trend
Sloan’s Place, a newly-constructed, 24-unit micro-apartment community located at 1540 Sheridan Boulevard in Sloan’s Lake, has sold for $5.275 million.. CBRE’s Robert Bratley represented the seller, Denver-based Highland Builders. The buyer, Helios Properties LLC, also of Denver, purchased the property in a sale that closed Oct. 10. Craig Branton with CBRE Capital Markets, …
Fourplex Multifamily Property Provides Entry Point for Investor
1101 North Emerson, a 4-unit apartment property located at 1101 N. Emerson Street in Denver, according to Skyler G. Cooper, regional manager of the firm’s Denver office. The asset sold for $1,242,500 to an undisclosed buyer. Boomer Beatty and Peter Standley, investment specialists in Marcus & Millichap’s Denver office, had …
Apartment Project Approved For Final Parcel at Sky Ridge Rail Station
A new 240-unit apartment complex has been approved for development on the last parcel of land at the Sky Ridge Station transit oriented development (TOD) site of the new RidgeGate community in Lone Tree. The seven-story apartment complex, which includes two levels of parking, is adjacent to various large employers in …
Investors Look to Smaller Markets for High Yield Spreads
Eagle’s Nest Apartments, a 30-unit apartment property located at 1041 W. 24th St. in Rifle, CO, has sold for $1,650,000, according to Skyler G. Cooper, regional manager of Marcus & Millichap’s Denver office. Greg Price and Jason Hornik, investment specialists in Marcus & Millichap’s Denver office, had the exclusive listing …
Greystar Announces Move-ins Now Underway at Parq on Speer
Move-ins are now underway at Parq on Speer – Denver’s luxurious new 16-story apartment and retail community. Located in the city’s bustling Golden Triangle neighborhood at the corner of Speer Blvd. and Bannock St., the new community is situated on two acres, with completion slated for December 2019. Located in the …
328-unit Apartment Community in Denver Sells for $99.25M
Lugano Cherry Creek, a 328-unit multifamily property located at 9601 E. Iliff Avenue in Denver, has sold for $99.25 million, or $302,591 per unit. Built in 2010, the five-story wrap building includes 13,262 square feet of retail. Newmark Knight Frank Vice Chairmen Terrance Hunt and Shane Ozment represented Toronto-based Brass Enterprises in the sale …
First-ever Multifamily Community Opens in Timnath
Located in Timnath, Colorado, between Fort Collins and Denver, the newly built Riverbend at Timnath Trail Apartments are officially open. Developed by Rooney Properties and managed by Mission Rock Residential, the 176-unit community is already 50 percent pre-leased, indicating continued demand for rental units on Colorado’s Front Range, even outside of the main urban …