BrokerageColivingDevelopmentMultifamily

Coliving a Niche Asset Class on the Rise

As rent seems to continuously rise in Denver, people are beginning to seek out more affordable options that don’t skimp out on amenities. Coliving is one option that centers around a type of intentional community housing where multiple people share a single home with shared areas such as bathrooms, kitchens …

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BrokerageMultifamily

58-Unit Multifamily Complex in Carbondale Sells for $9.15M

Garfield Avenue Apartments, a three-story, 58-unit complex located at 900 Garfield Avenue in Carbondale, Colorado, has sold for $9,150,000 or $157,758 per unit. Tyler Stevens, director, and Steve Scrivener, senior associate, of Cushman & Wakefield Denver, represented the seller, MHP Funds, in the transaction. The buyer was Steve Elken of …

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ConstructionDevelopmentMultifamily

Mixed-Use Development Gaining Momentum in Wheat Ridge

Development plans are well underway at Clear Creek Crossing, a 110-acre, mixed-use development southwest of Interstate 70 and Highway 58 in Wheat Ridge, Colorado, owned by Evergreen Devco, Inc. , a leading national retail and multifamily development company.  To date, Kum & Go and Evergreen Multifamily have submitted Specific Development …

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BrokerageMultifamily

Portfolio of Colorado Apartment Communities Sells for a Record-Breaking $206M

LOVELAND — Three upscale multifamily properties located in Northern Colorado have sold for a gross sale price of $206.5 million. The portfolio consists of the Greens at Van de Water and Lake Vista at Centerra Apartments, both in Loveland, and Arbour Square at Orchard Town Center in Westminster. Inland Private …

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BrokerageMultifamily

Littleton Apartments Fetch $10.9M

DENVER – Broadridge Apartments, a 54-unit apartment complex located at 6900 S. Bannock St in Littleton, has sold for $10.9 million ($201,851/unit). Jeff Johnson and Andrew Monette, at Pinnacle Real Estate Advisors, LLC, assisted both the buyer and seller parties in the transaction. “Since their acquisition of the property, the Sellers …

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CondominiumDevelopmentMultifamily

Residential Developers Keen to Invest at Peña Station Next

View here Developers like MGL Partners — a Denver-based multifamily development company and developer of the 218-unit Elevate at Peña Station apartment community at Peña Station Next — are keen to capitalize on the growing need for more housing within the smart-city neighborhood. According to Denver Business Journal, 35,000 people …

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BrokerageMultifamily

HFF Arranges Financing for Six Apartment Communities Including One in Denver

DENVER – Advenir, Inc., a real estate investment company headquartered in Aventura, Florida has received financing totaling $190.873 million for six apartment communities comprising 1,843 units In Texas, Alabama, and Colorado. including Advenir at Bear Valley, a 230-unit property located at 3550 S. Kendall Street in Denver. Holliday Fenoglio Fowler, …

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BrokerageMultifamily

Marcus & Millichap Capital Corp. Closes $33.1M in CRE Financing

DENVER – Marcus & Millichap Capital Corp. (MMCC), a leading national provider of commercial real estate financing and capital markets expertise, recently announced that more than $33.1 million in investment property financing was placed by its Denver office led by Phillip Gause, first vice president capital markets, and Alex Ducas, associate …

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BrokerageMultifamilyStudent Housing

CBRE Facilitates 459-Unit Portfolio Sale in Fort Collins

FORT COLLINS — CBRE has secured the sale of the Ram’s Portfolio, a collection of six properties consisting of student/conventional housing, comprising 459 units in three different locations throughout the Fort Collins area. Representing the seller, Summit Management, the CBRE team completed the transaction with buyer FPA Multifamily, LLC. David Potarf, Dan Woodward, …

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Affordable HousingConstructionDevelopmentFeatureMultifamilyTransit

Zocalo to Deliver In-Demand, High-Design, Smaller Units to RiNo

By Katie Rapone Denver-based Zocalo Community Development recently broke ground on its largest project to date, a 13-story, 381-unit apartment community at 35th & Walnut in RiNo that aims to give renters, primarily those in their late 20s and early 30s, the opportunity to live in a top-class, high-design, high-energy building …

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