DevelopmentMultifamilyReports

Denver Developers Building Up Instead of Out

According to RENTCafé’s most recent study, mid-rise and high-rise buildings have taken over the apartment market scene, proving developers are building up instead of out, in their quest to provide a healthy supply of residential units. The study shows how apartment buildings have changed over the last 30 years, growing vertically …

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Modera LoHi
BrokerageInvestmentMultifamilyReports

Denver Apartment Absorption to Hit Record High

Increasing development remains overshadowed by strengthening demand as the Denver metro is on track to log a 130-basis-point drop in two years amid the completion of 19,000 units, according to Marcus & Millichap’s fourth quarter Multifamily Outlook report. High-wage jobs in the urban core and Tech Center continue to benefit Class A …

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BrokerageMultifamily

Land Approved for Rental Residential Community Sells in Thornton

Almost three acres of land that is part of the Poudre Trails Development in Greeley, has sold for $840,000. The land is approved for development into a for-rent residential community. Julius Tabert and Jon Rue with CBRE’s Northern Colorado office represented both the seller, Greeley-based Roche Constructors, Inc., and the buyer, West C Street …

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Affordable HousingConstructionDevelopmentMultifamily

Affordable Housing in Vail Valley Begins Construction

Modular builder Nashua Builders recently began construction on the first phase of Spring Creek Apartments, an affordable housing development being built in Gypsum, Colo., 25 miles west of Vail. Edwards-based Polar Star Development, doing business as Spring Creek Apartment LLC, is the developer and management company for the project. This first …

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BrokerageInvestmentMultifamily

Centrally Located Apartment Community in Denver Sells for $36M

Denver-based Grand Peaks Properties, Inc. in partnership with Aegon Asset Management has purchased Monaco South, a 220-unit, multifamily property located at 2280 South Monaco Parkway in Denver. Comprised of two solidly constructed concrete mid-rise assets, Monaco South sold for $36 million or $163,636 per unit. Newmark Knight Frank (NKF) Vice Chairmen Shane …

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ConstructionDevelopmentMultifamily

Brinkman Construction Breaks Ground on Townhome-Style Apartments in Colorado Springs

Brinkman Construction broke ground on their latest Colorado Springs project last week, a 12-building townhome-style apartment community. Springs at Foothill Farms, owned, developed and operated by Continental Properties, will include 264 two-story loft-style units. The 354,000-square-foot luxury community offers amenities such as a resort-style swimming pool, community clubhouse and a state-of-the-art fitness …

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ConstructionDevelopmentMultifamily

RiNo Apartments Refinanced for $60.3M

Edison at RiNo, a newly constructed, 277-unit multi-housing complex along Brighton Boulevard in Denver’s RiNo neighborhood, has been refinanced $60.3 million. JLL worked on behalf of the borrower, Clarion Partners, LLC, to place the seven-year, 3.05 percent, fixed-rate loan with an insurance and financial services company. JLL will service the …

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DevelopmentMultifamily

Brinkman Enters Longmont Market with Stylish Apartment Homes

Real estate development and investment company, Brinkman, in partnership with Jensen LaPlante Development and Keystone Real Estate, recently celebrated the grand opening of Union Pointe, in Longmont. The eight-building complex community with more than 250 apartments is opening in phases. The project was HUD financed through Wells Fargo. The design and construction …

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ConstructionDevelopmentMultifamily

Residential Development in Uptown Denver Tops Out

On Friday, November 1, Southern Land Company (SLC), a national real estate developer of award-winning mixed-use developments and master planned communities, held a Topping Off celebration for its new residential development in Denver’s Uptown neighborhood. Bespoke Uptown, located at 17th Avenue and Pearl Street, will feature 316 apartments and more than 10,000 square …

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MultifamilyOfficeReports

Denver Leads Nation for Green Multifamily Building

According to the inaugural Multifamily Green Building Adoption Index by CBRE, 7 percent of Denver’s multifamily apartment units are green certified, more than double the U.S. average. The Mile High City also ranked among the greenest office markets, coming in at No. 8 in the Office Green Building Adoption Index. “It’s no surprise …

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