Downtown Denver Partnership’s 2019 Economic Forecast
DENVER — According to the 2019 Economic Forecast Report released by the Downtown Denver Partnership (DDP), downtown Denver’s economy continues to perform exceptionally well. Companies and their employees continue to flock to downtown at a pace well above national, state and regional growth. Downtown jobs are providing people higher-paying job opportunities; …
Apartment Sector Sustains Positive Outlook, says Marcus & Millichap
DENVER – Marcus & Millichap recently released its 2019 Multifamily Investment Forecast Report that includes metrics and analysis of 50 metros across the U.S. and Canada. According to the report, accelerating household formation, underpinned by the tight labor market, will continue to support rental demand in 2019. Evolving recruiting practices and shifting demographics …
Mixed-use Project to Break Ground in RiNo this Week
DENVER — Mass Equities, Inc. (MEQ), a private equity real estate investment firm based in Santa Monica, CA, and AECOM Capital, the investment arm of AECOM, are preparing to break ground this week on a huge mixed-use development on a 7.8-acre site along RiNo’s Brighton Boulevard. The partnership recently announced that “VARIO” …
Multifamily Affordable Housing in Boulder Receives Financing
BOULDER — KeyBank recently provided $50.4 million in total combined financing for a tax-exempt bond transaction to support the construction of Alexan Diagonal Crossing, a 105-unit garden-style apartment community that is income-restricted for families earning at or below 60 percent AMI in Boulder. Diagonal Crossing broke ground in June 2017 and …
EVIVA on Cherokee Sells for $110.5M
According to Denver County public records, The Integral Group, the owner and developer of Eviva Cherokee, has sold the 18-story apartment building located at 1250 Cherokee St. in Denver for $110.5 million. EQR1250 Cherokee LLC, which is registered to the same address as Chicago-based Equity Residential purchased the property. Equity Residential …
293-Unit Apartment Community Coming to Lakewood
LAKEWOOD — Denver-based investment and development firm Riverpoint Partners and Iron River Management, LLC are set to deliver Brickhouse at Lamar Station, a high-end 293-unit market rate apartment building by Fall 2021. The project will be located on a 3.75-acre site at 6300 W. 13th Ave., Lakewood, within walking distance to the Lamar Station light …
36-Story Residential Tower, Office Building Proposed for Downtown Denver
DENVER — Kairoi Residential, a premier, vertically integrated, multifamily investment, development and property management company headquartered in San Antonio with offices in Austin and Denver, recently submitted a Project Concept Review Plan to the city for a 36-story residential tower and five-story office tower for a site located at 1300 Market St. and 1301 …
The Detroit and Detroit Terraces in Denver Sell for $19M
DENVER — The Detroit and Detroit Terraces, located at 1504 & 1530 Detroit Street in Denver’s City Park neighborhood, have sold for $19 million. Newmark Knight Frank Executive Managing Director Justin Hunt and Senior Managing Director Andy Hellman represented the undisclosed seller, in the transaction. “In 2011, the seller acquired a vacant …
Lone Tree Most Trending Suburb for Renters
DENVER — More metro Denver renters are opting to move to the suburbs, either due to economic reasons like cheaper rent, or to simply escape the hustle and bustle of the city. RENTCafé has the data to back-up this claim. RENTCafé recently uncovered the most coveted suburbs in the country, based on …
Unique Properties Announces Largest For-Sale Development in Louisville History
LOUISVILLE – Greystone Unique Apartment Group recently announced the sale of 301 & 333 East St., in Louisville, for $5 million. This rare & unique transaction is the culmination of two years of planning and development by Mike Eisenstein of Land Capital. It represents the largest such deal in the history …