FeatureMultifamilyRent

Grow or Die: Apartment Locating Startup Doubles Down on Denver

By Cassie Brown, CEO/Founder Smart City  Most companies approached the pandemic with a “cut back or die” mindset – and the reason why is obvious. It’s safe. Eventually, if they play their cards right, they will be able to make up all their losses. The problem with “cut back or die,” however, …

READ MORE →
BrokerageMultifamily

Newly Constructed Apartments Near DIA Sell for $100.4M

Outlook Gateway, a 324-unit, 13-building apartment complex in Denver, has sold to Atlanta-based Cortland for $100.44 million, according to property records. The property was developed by Evergreen Devco, Inc. and constructed by Nexus Builders, an Evergreen-affiliated company. Denver-based Kephart Architects designed the project. It sits on 16.64 acres at 5650 Argonne Street …

READ MORE →
BrokerageInvestmentMultifamily

Gelt, Inc. Remain Bullish on Denver Multifamily Market

Regatta Apartments, a 93 percent-leased, 352-unit multifamily community located at 10500 Irma Drive in Northglenn, has changed hands. Los Angeles-based private investment firm, Gelt, Inc., purchased the property for $100.5 million, adding to its growing portfolio in the Denver region which now totals more than 2,600 units. “Regatta provided all …

READ MORE →
Affordable HousingConstructionDevelopmentMultifamily

Mixed-Use Multifamily Community NOVEL RiNo to Break Ground

A new mixed-use multifamily community in Denver’s RiNo Art District will break ground later this month. Located at 1300 40th Street, NOVEL RiNo by Crescent Communities will include 483 luxury residences and 15,800 square feet of retail space, with a percentage of the residences designated for affordable housing. “We look forward …

READ MORE →
BrokerageInvestmentMultifamily

Nexus Commercial Realty Team Up with Capstone Companies

Nexus Commercial Realty, a Denver-based commercial multi-family investment sales firm, is joining forces with Charlotte, NC-based Capstone Companies, the country’s largest privately owned multi-family investment sales brokerage. Founded in 2017 by Adam Riddle and Jason Koch, Nexus specializes in multi-housing investment sales brokerage and advisory services for existing assets and …

READ MORE →
BrokerageMultifamilyRenovation

Boulder Crossroads Multifamily Community in Denver Sells for $55.5M

Denver-based Summit Communities has purchased Boulder Crossroads Apartments, located at 7500 Dakin Street in Denver, for $55.5 million and plans to execute a strategic value-add renovation program at the property. The 322-unit apartment community, built in 1970, is situated along Highway 36 in the northwest submarket of Denver. This location is uniquely desirable …

READ MORE →
MultifamilyTransit

Transit Oriented Multifamily Community Sells to National Real Estate Firm

The Praedium Group, a New York-based national real estate investment firm, has acquired the newly constructed Gateway Arvada Ridge multifamily community in Arvada, for an undisclosed price. “The Denver market continues to outpace the country in terms of job and population growth, even throughout the current health crisis,” noted Lindsay Schuckman, vice president …

READ MORE →
DevelopmentFinanceMultifamilyOfficeRetail

Speculative Mixed-Use Project in Boulder Receives Construction Financing

Developer, Phil Day of PMD Realty has received construction financing for the redevelopment of 1102 Pearl Street, in Boulder. The 3-story mixed-use project will consist of 17,961 rentable square feet, featuring ground floor retail, office use on the second floor, and luxury multifamily rental units on the third floor. The corner development …

READ MORE →
BrokerageMultifamily

Multifamily Community in DTC Sells for $47.8M

According to CBRE, San Diego-based Sunroad Enterprises has acquired The Mezz at Fiddlers Green, a newly-constructed, 149-unit Class A multifamily property located at 6440 South Syracuse Way in the Denver Tech Center, for $47.78 million. “We have actively been looking to grow our footprint in Denver. The Mezz, when it became …

READ MORE →
ConstructionDevelopmentMultifamilyRetail

Southern Land Company’s Bespoke Uptown Community Welcoming Residents

Bespoke Uptown community at 17th and Pearl Streets in Denver, is now open to residents. Blending modern conveniences with historic neighborhood preservation, the development features 316 upscale apartments spread over 10 floors with over 12,000 square feet of ground-level commercial space. Southern Land Company worked with Historic Denver to preserve …

READ MORE →