Partnership Acquires First Multifamily Property in Colorado

Commercial real estate firms Hamick Asset Management, Elevate Property Partners, BluSky Equity Partners, and Vista Laguna Asset Management have acquired Fairview Apartments in Aurora, their first joint acquisition in Colorado. The new ownership group intends to further improve Fairview’s exterior appearance and amenities, expand the office, and continue a proven template for interior …


245 New Residences Open at Legacy at Fitz in Aurora

Legacy Partners, a privately held national real estate firm, together with their joint venture partner Griffin Capital Company, LLC, a leading privately held alternative investment asset manager, today announced the opening of the second and final phase of Legacy at Fitz, a 363-residence apartment community located in Aurora, across the …


Last Remaining Large Development Site in LoHi Sells for $10M

Carmel Partners, an institutional investment manager based in Denver, has purchased one of the last remaining large development sites in the Denver Highlands neighborhood for $10 million. The 50,318-square-foot land assemblage is comprised of 2800 N Speer Blvd and 2801, 2831, 2839, and 2845 Firth Ct., and is zoned for 5-story mixed-use development. According to …


Denver Emerges as Colorado’s No.1 Trendiest Gen Z City

Gen Zs are giving large urban areas a much-needed glow-up, ramping up rental activity in some of the most sought-after markets in the country. According to RentCafe’s latest analysis of 3.2 million rental applications, Zoomers are now the most active renter generation, making up more than a quarter of apartment seekers …


Two Multifamily Communities Under Construction in Denver’s Central Park Neighborhood

California-based Reylynn Properties and its construction arm ReyLenn Construction Company is currently under construction on two Solana projects in Denver’s Central Park community (formerly called Stapleton). Solana is Reylynn’s brand of luxury apartment communities featuring extensive amenities. Solana Beeler Park is a 270-unit project situated on a 3.76 acre site at the northwest …


Multifamily Asset Sale in Aurora Sets New Record

According to Marcus & Millichap, Fairview Apartments, a 100-unit multifamily asset in Aurora, has sold for $27.6 million, or $276,000 per unit. The sales price and price per unit are the highest on record for multifamily properties built in Aurora before 1980. “Constructed in 1974 and renovated in 2018, Fairview …


Topping Out: Novus Apartments, Lone Tree

Construction has topped out at Novus, a new 240-unit apartment complex situated on the last parcel of land at the Sky Ridge Station transit-oriented development (TOD) site. The seven-story apartment complex, which includes two levels of parking and integrated retail space, is scheduled to be completed in Q4 2022. The General …

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Confluent Development Appoints Long-Time Executive Leadership as Presidents of Commercial and Senior Living Divisions

Confluent Development, a Denver-based real estate investment and development firm, has introduced a new operational structure for the company as it accelerates its growth trajectory. To prepare the firm for a new phase of growth, it will establish two core business divisions, Confluent Commercial and Confluent Senior Living. Since its …


Vintage Multifamily Property in Aurora Sells for $29M

Denver-based owner/operator Summit Communities has acquired Highline Lofts Apartments, a 112-unit, 1972-vintage multifamily property located at 456 South Ironton Street in Aurora, for $29,075,000 million. Northmarq’s Colorado Multifamily Investment Sales team of Alex Possick, Rich Ritter and Seth Gallman listed represented the seller, Lowe Property Group. “The sale of Highline Lofts …


Groundbreaking: The View at Castle Rock

A groundbreaking celebration was held last week for The View at Castle Rock, a $70 million project that will include 221 apartments, 14,242 square feet of office space and 5,000 square feet of retail space.  The six-story project is located at Sixth and Jerry Streets and is expected to generate …