Affordable HousingDevelopmentEnergyMultifamily

Local Nonprofit Improves Building Efficiency in Weld County

By Emma Laub, marketing coordinator. ICAST In July of 2018, ICAST (the International Center for Appropriate and Sustainable Technology), a local 501(c)(3) nonprofit, was awarded a grant from the Colorado Department of Public Health and Environment (CDPHE) to reduce carbon emissions in Weld County, Colorado. ICAST provides clean energy solutions to multifamily affordable …


Aspen’s Largest Apartment Complex Trades Hands

Centennial Aspen Apartments, a 149-unit, three-story multifamily property in Aspen, has sold for $50.5 million, or $338,926 per unit. Greg Price, senior vice president investments and Jason Hornik, senior associate with Marcus & Millichap represented the local seller, and procured the buyer, Indiana-based Birge & Held. “Centennial Aspen is the city of …


AMLI to Add 300+ Units to Denver’s Broadway Park

D4 Urban, a Denver-based creative mixed-use development company, has sold its 2.68-acre land parcel on South Broadway in Denver. The site is located in the heart of Broadway Park – a mixed-use infill redevelopment totaling 75 acres and entitled for up to 10 million square feet of future development. Newmark Knight Frank Executive …


Multifamily Construction Experiencing Delays, says Survey

The National Multifamily Housing Council (NMHC) has released a new survey on multifamily construction that found more than half (55 percent) of nationwide respondents said that they are currently experiencing construction delays in the jurisdictions where they operate. The survey, conducted between March 27 to April 1, is the first of a …


New Project: Bloom at Cherry Creek

$18.85 million in financing has been arranged for Bloom at Cherry Creek, a 111-unit, Class A mid-rise apartment property currently under construction in Cherry Creek. Due for completion in mid-2021, the five-story, podium-style property will total 70,733 rentable square feet across a mix of studio, one- and two-bedroom units. The project …


Lennar to Transform Denver’s Golden Triangle

Lennar Multifamily Communities is set to transform the Golden Triangle neighborhood adding multiple high-rise residential buildings that will replace unsightly parking lots. The developer broke ground on a 17-story residential tower at 10th and Acoma in December and recently submitted plans for an additional 17-story high-rise multifamily building at 12th and Acoma, as …


Aimco Provides an Update on COVID-19 and 2020 Guidance

Denver-based Apartment Investment and Management Company (“Aimco”) — one of the country’s largest owners and operators of apartments, with 124 communities in 17 states and the District of Columbia — today issued the following statement regarding the on-going COVID-19 pandemic: “Aimco’s first priority is the health and safety of our residents and teammates,” …


Joint Venture Receives Financing for S’PARK Railyards in Boulder

A joint venture between The John Buck Company, Kinship Capital and Element Properties, has secured $29.4 million in construction financing for S’PARK Railyards (Railyards), a 69,263-square-foot Class A office building in Boulder. JLL worked on behalf of a joint venture to secure the five-year, floating-rate construction loan through Wintrust Financial …


Shift Workspaces Offers Members Rent Relief in April

For all that’s changed since COVID-19 began dominating the headlines weeks ago, one thing hasn’t. Monthly rent payments. That is, until now. For Grant Barnhill, founder and CEO of Shift Workspaces, a Colorado coworking firm built on the values of mutuality, care, and social responsibility, the decision to waive April fees for his …


Apartment Sale in Lakewood Demonstrates Trend in Region’s CAP Rates

Rosalie at Belmar, a 40-unit apartment community in Lakewood, has sold for $7 million. According to Marcus & Millichap’s Denver office, steady rent growth in Denver’s submarkets has piqued the interest of investors. Boomer Beatty and Peter Standley, both senior associates in Marcus & Millichap’s Denver office, had the exclusive …