BrokerageMultifamily

Aurora Apartments Sell for $143M

Oak Coast Properties has acquired The Courtyards at Buckley, a large apartment community in Aurora, for $143 million. The acquisition marks Oak Coast Properties’ twelfth multifamily acquisition in metro Denver, signaling the firm’s continued bullish stance on commercial real estate investment in the burgeoning market. Oak Coast Properties also announced plans …

READ MORE →
BrokerageMultifamilyTransit

Sale of Two Apartment Communities in Aurora Shows Continued Demand

Two apartment properties in north Aurora have sold for a combined $19.5 million. Elm Grove, a 59-unit apartment property located at 11852 E. 16th Ave., sold for $7,200,000 and Aspen Grove Apartments, a 99-unit apartment property located at 1568 Nome St., sold for $12,375,000. Greg Price and Jason Hornik, investment …

READ MORE →
ArchitectureConstructionDevelopmentMultifamily

New Apartments to Break Ground at 1,100-acre Mixed-use Community in Broomfield

Colorado-based real estate investor and developer, McWhinney, will break ground in early 2020 on Park 40, a new multifamily development consisting of 313 apartment homes at Baseline, the new 1,100-acre mixed-use community in Broomfield. Part of West Village at Baseline, situated at Highway 7/Baseline Road and I-25, Park 40 plans to feature 51 studio apartments, …

READ MORE →
BrokerageMultifamily

Denver Apartment Community Offers Attractive Value-Add Opportunity

Arel Capital, a New York City headquartered investment firm representing close to $1.6 billion worth of real estate, has sold Cambridge Place, a 114-unit apartment asset located at 1260 S. Bellaire Street in Denver, close to the neighboring Glendale submarket. Justin Hunt and Andy Hellman with Newmark Knight Frank (NKF) …

READ MORE →
MultifamilyProperty Management

Mission Rock Residential to Manage Platt Park Apartments

Treeline Multifamily Partners has selected Mission Rock Residential, a Denver-based multifamily property management company, to manage Encore Evans Station Apartments, a newly constructed 224-unit community in Denver’s Platt Park. “The South Broadway neighborhood within Denver is gaining immense popularity due to its accessibility to some of Denver’s largest employment sectors including …

READ MORE →
BrokerageMultifamily

Apartments in Colorado Springs Fetch $37M

Atlanta-based Cortland has purchased One330 Apartments, a 149-unit multifamily property in Colorado Springs for $37.1 million. Dan Woodward, David Potarf, Matt Barnett and Jake Young with CBRE Capital Markets represented the seller, The Garrett Companies from Greenwood, Ind. “The Colorado Springs multifamily market continues to attract aggressive capital, including institutional equity, compressing cap rates across the …

READ MORE →
InvestmentMultifamily

New York Investment Firm Acquires Legacy on the Promenade

The Praedium Group, a New York based national real estate investment firm, has acquired Legacy on the Promenade in Westminster for $93.5 million according to public records. The firm purchased the apartment building from California-based Legacy Partners. Constructed in 2018, Legacy on the Promenade is comprised of an elevatored 4-story building …

READ MORE →
IndustrialMultifamilyOfficeReportsRetail

CBRE Releases 2020 Real Estate Market Outlook Report

The U.S. economy will continue its long expansion in 2020, supporting the solid fundamentals of the commercial real estate market, according to CBRE’s forecast in its 2020 Real Estate Market Outlook report. CBRE foresees tempered growth in the U.S. commercial real estate market next year due to uncertainty surrounding trade …

READ MORE →
BrokerageMultifamily

Cushman & Wakefield Facilitates Sale of Multi-family Complex in Englewood

Cushman & Wakefield has announced the sale of Layton Gardens Apartments, a 60-unit, 49,234-square-foot, multi-family complex located at 4801 S Acoma Street in Englewood, Colorado. The transaction closed on December 12 and sold for $9,550,000 or $159,167 per unit to Denver-based Wheelhouse Apartments. Tyler Stevens, Director, of Cushman & Wakefield …

READ MORE →
BrokerageMultifamily

Affordable Apartments in Denver Fetch $34.25M

Fox Crossing, a 220-unit affordable rental housing property located at 8350 East Yale Avenue in Denver, has sold for $34.25 million. The property operates under the Section 42 Low Income Housing Tax Credit (LIHTC) program. Dan Woodward, David Potarf and Matt Barnett with CBRE’s Denver office and Spencer Hurst, Tim Flint and Taylor …

READ MORE →