Geothermal-Powered Apartment Community in Brighton Sells for $72M

Last week, a 288-unit, geothermal-powered apartment community in Brighton, sold for $72 million in an off-market transaction. Elements at Prairie Center, located at at 3128 Eagle Boulevard is the second 100-percent geothermal apartment community the ownership partnership of Littleton-based C&A Companies and Delaware-based Commonwealth Group, has developed in the Brighton area. CBRE’s Dan …


Absorption Totals Outpace Construction; Tight Labor Market Supports Workforce Housing

Multifamily demand remains strong despite tightened mortgage rates, according to Marcus & Millichap’s 3Q19 Multifamily Market Report. The Denver metro has one of the nation’s 10 largest affordability gaps between renting and owning, persuading many to choose apartment living rather than homeownership. There is an $880 difference between the average effective rental payment and …

Affordable HousingBrokerageMultifamily

Mix of Market-rate and Affordable Units Planned for Longmont

Massimino Development and Origin Investments will develop a 280-unit, Class A apartment project called Farm Haus, in the north Denver suburb of Longmont. Of the 280 units, 247 will be market-rate and 33 will be designated as affordable. JLL worked on behalf of the developer to provide $50.4 million in …


USGBC Report Sees 19% Growth in Green Home Certifications, All-Time High

While affordability and supply chain challenges plague the housing market, there is one area that’s seen consistent growth: the green homes sector. The green single and multifamily sector in the U.S. has been growing and is expected to continue through 2022 with customer demand and a growing green products market …


Colorado’s First Large-scale Residential OZ Development Breaks Ground

Legacy Partners (Legacy) has announced the groundbreaking of Legacy at Fitz in Aurora. Located at 1363 N. Victor Street, the five-story 363-unit apartment community is Colorado’s first large-scale residential development to break ground under the newly-created Opportunity Zone program. The two-phase development is set to deliver February and June 2021 respectively. …


Retail and Multifamily Development Planned for Littleton’s Bowles Crossing

Bowles Crossing, a retail, dining and entertainment center managed by Phoenix-based Vestar, today announced the recent and upcoming development of several new retail stores, restaurants and service centers, in addition to a refreshed exterior and plans for a multi-family development.  “Bowles Crossing looks and feels very different than it did …


27-acre TOD Development Coming to Westminster

According to the Denver Business Journal, Land Capital LLC, recently closed on 27.5 acres near the intersection of 72nd Avenue and Federal Boulevard, near RTD’s Westminster Station, for $8.4 million. In partnership with Denver developer Curt LeRossignol and Hugo Weinberger, co-president of Denver-based Situs Group, the developer plans to build …


First Affordable Component at Westminster Mall Redevelopment Complete

Koelbel and Company in partnership with Mile High Development and Longs Peak Advisors recently celebrated the completion of 8877 Eaton Street — 118 affordable housing units in the downtown Westminster redevelopment of the old Westminster Mall. The first affordable component in the area was made possible through collaboration and tremendous …

Modera LoHi

Modera LoHi Apartments Go Vertical

Modera LoHi, a project that for months starkly contracted the Lower Highlands neighborhood as a giant excavated hole behind Ale House, is now rapidly going vertical. Drivers on I-25 can now witness the progression of the project on their daily commutes, a pleasant distraction from Denver rush hour traffic. The …

Aurora Crossroads

CBRE completes sale of remaining land at Aurora Crossroads

CBRE completed the sale of approximately 139 acres at the southeast corner of I-70 and E-470 in Aurora, Colorado, to Westside Investment Partners, based out of Glendale, Colorado. Martin Roth, Eric Roth and Jim Bolt of CBRE’s Denver office represented the seller, Professors Capital, an investment firm based out of …