ConstructionHospitalityMultifamilyRecreation

TAVA Waters Debuts Renovated Capitol Clubhouse

DENVER – TAVA Waters, an apartment community located at 9099 E.Mississippi Ave., formerly known as The Breakers Resort, recently completed a year-long, multi-million dollar renovation of The Capitol, formerly the Catamaran Club, which re-opened to residents on October 19. The 30,000-square-foot facility, that has long been the community’s primary amenity, …

READ MORE →
BrokerageMultifamily

Cherry Creek Apartment Portfolio Sells for $56.35M

DENVER – A three-property multifamily portfolio located in Denver’s Cherry Creek neighborhood — one of the immediate area’s last remaining large-scale value-add offerings — has sold for $56.35 million. The portfolio includes The Rise at Cherry Creek located at 848 South Dexter, The Edge at Cherry Creek located at 4600 East Kentucky Avenue …

READ MORE →
BrokerageMultifamily

Broomfield Apartment Community Sells for $106M

The Connor Group A Real Estate Investment Firm based in Ohio has purchased Terracina Apartment Homes in Broomfield, for $106M. The Connor Group reportedly purchased the community as part of a four-property $618 million buy that also includes properties in Chicago, Raleigh, Atlanta, Dallas. Terracina Apartements is 386-unit community developed by Catalina Development …

READ MORE →
MultifamilyReports

Metro Denver Apartment Rents Down in Q3

DENVER — According to a report published this week by the Apartment Association of Metro Denver, average rents in Denver fell by $19 per month in the third quarter of 2018, continuing a three-year trend in rent decreases during the third quarter. Vacancy rates in metro Denver also fell slightly. “Average …

READ MORE →
BrokerageInvestmentMultifamily

CapitaLand of Singapore Purchases 5 Denver Apartment Buildings

According to the Denver Business Journal, CapitaLand, of Singapore has purchased five Denver apartment buildings. The buildings are part of a portfolio of 16 U.S. multifamily properties bought for $835 million. The Sienna at Cherry Creek complex, located 1939 S. Quebec Way, has 220 units and was purchased for $40.6 million. …

READ MORE →
DevelopmentMultifamily

Construction of Cherry Creek Luxury Apartments Underway

A 122- unit apartment complex in Cherry Creek called Gables Residences is underway with a target completion date of Q1 2019. Smith Jones Partners is the developer of the project. The eight-story building is located at 360 S. Monroe St. and will offer one-, two- and three-bedroom units, as well as six townhomes. …

READ MORE →
BrokerageMultifamily

Hamilton Zane Acquires Keystone Apartments in Northglenn

DENVER – Real estate investment firm Hamilton Zanze (HZ) has acquired the 208-unit Keystone Apartments in Northglenn. The $39.5 million purchase closed October 11th. ARA, A Newmark Company represented the seller – Aukum Group – in the transaction. Built in 1986, Keystone Apartments is located at 12150 Race Street in Northglenn. The property is just one …

READ MORE →
ConstructionDevelopmentMultifamilyOfficeRetail

Groundbreaking: Confluence Fort Collins

DENVER –  Saunders Development, the real estate development arm of Saunders Construction, Inc., and [au]workshop celebrated the groundbreaking of Confluence Fort Collins on Oct.1, 2018. The new mixed-use, residential, retail and office building in the River District will be a new place to live, work and play in downtown Fort Collins, located at the …

READ MORE →
Affordable HousingDevelopmentEngineeringMultifamily

MEP to Provide Engineering Services for New Lakewood Apartments

LAKEWOOD – MEP Engineering (MEP) has been selected to provide engineering design services for a new apartment community at 9998 W. Jewell Ave. The firm will work with developer Metro West Housing Solutions and Studio 646 Architecture on a four-building apartment complex called Sage Corner — formerly known as Indigo, Lakewood. The buildings, totaling approximately 44,200 square feet, with …

READ MORE →
BrokerageMultifamily

Glendale Apartment Community Sells for $93M

DENVER – Esprit at Cherry Creek, a multifamily community located at 5001 East Mississippi Avenue in Denver’s Glendale/Cherry Creek neighborhood has sold for $93 million. Espirit was built in 1974 and consists of 561 one and two-bedroom unit apartments across nine rental buildings. Dan Woodward, David Potarf and Matthew Barnett with CBRE represented …

READ MORE →