16.26 Acres in Thornton Zoned for Multifamily Sells for $4.7M

THORNTON — NavPoint Real Estate Group has completed the sale of a multifamily land deal on the Northwest corner of E 128th Ave and Washington Street in Thornton, totaling 16.26 acres. The land is approved for 283 apartment units and is located in close proximity to the future East Lake commuter rail stop, the …


Castle Rock Apartments Sell for $16.5M

CASTLE ROCK — On December 28, Seattle-based Security Properties, a national real estate investment, development, and operating company, purchased Highlands at Red Hawk, a 56-unit, Class-A, garden-style apartment community located in Castle Rock for $16.5 million. Security Properties now owns 12 assets in Colorado totaling 2,393 units. Highlands at Red Hawk …


CBRE Arranges $83.2M Loan, Arvada Newly Built 352-Unit MultiFamily Development

DENVER — CBRE Capital Markets’ Debt & Structured Finance team has arranged an $83.2 million loan for the newly developed Solana Olde Town Station, a 352-unit multifamily property near Denver. Bill Chiles, Scott Peterson, Morgon Fraser and Brian Cruz of CBRE’s San Diego office secured the Freddie Mac debt on behalf …


Construction at Modera LoHi Underway

DENVER – Construction is underway for the Modera LoHi, 132-unit, 191,592-square-foot apartment community located at 2555 16th Street in Denver’s LoHi. Alliance Construction is continuing to excavate and haul off dirt, with hopes to reach the bottom of the hole for the foundation within the next few days. “Pull testing” of final tiebacks is beginning …


NKF Achieves Highest Price Per Unit in Denver for Market Rate Apartments

DENVER — Infinity LoHi, a luxury, mid-rise community in Denver’s LoHi neighborhood has sold for $111.75 million. At $409,340 per unit, the property achieved the highest per-unit pricing in metro Denver in 2018 for market-rate apartments. Vice Chairmen Terrance Hunt and Shane Ozment of Newmark Knight Frank Multifamily represented Greenwich, CT-based The Richman Group …


CBRE Arranges Two Multifamily Sales Totaling $99.5M in CO Springs

COLORADO SPRINGS — CBRE recently arranged the sales of two apartment communities in Colorado Springs; Woodland Hills and Creekside at Palmer Park. Woodland Hills sold for $27 million and Creekside at Palmer Park sold for $72.5 million, representing Colorado Springs’ largest single-property multifamily sale this year by number of units (328). The …


Iconic Denver Apartment Community Completes $1.2M Renovation

DENVER — Spyglass Hill Apartments — an iconic 573-unit Denver apartment community, serving approximately 1,500 residents — has completed a $1.2 million, two-phase renovation project that includes a new luxury open space and community center. Built in the 1970s, Spyglass Hill was purchased by Arel Capital in 2016 and is managed by …


BIM Technology Revolutionizing Multifamily Market

By Katie Rapone Long gone are the days when AEC professionals had to rely on 2D drawings in-order to construct a building from start to finish. The traditional design process required excessive interpretation, created waste and exposed owners to risks. Building Information Modeling (BIM) — an intelligent 3D model-based process that …

Affordable HousingArchitectureConstructionDevelopmentMultifamilyTransit

New Project: Atlantis Apartments

DENVER — The Atlantis Community Inc. (ACI), a non-profit organization that advocates for people with disabilities, is developing a new TOD community that will cater to Denver’s disabled community. Located two blocks from the Alameda light rail station in the Baker neighborhood of Denver, the Atlantis Apartments will consist of 60 one- and …


Palisade Partners Plans Complimentary Projects in Five Points

DENVER — Palisade Partners — a Denver-based mid-market real estate development firm focused on developing modern infill projects in Central Denver — plans to build, The Hooper, a nine-story, transit-oriented, mixed-use project at 2602 Welton Street, that will serve as an amenity for the Five Points neighborhood. The building will maximize density …