BrokerageMultifamily

Capitol Hill Multi-Family Sells Record Per-Unit Price

View here ARA, a Newmark Company brokered a landmark deal in Colorado with the 10-unit apartment complex at 901 Washington in Capitol Hill that sold for a record per-unit price of $525,000. Photo credit Mediamax, Inc. 

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BrokerageMultifamily

HFF Facilitates $20.74M Financing 2 Multifamily Properties Colorado Springs

Colorado Springs, CO –  Holliday Fenoglio Fowler, L.P. (HFF) announced recently that it has arranged financing totaling $20.747 million for two adjacent Colorado Springs multi-housing communities: Summer Grove and Tanglewood. Working on behalf of the borrower, Vukota Capital Management (VCM), HFF placed two seven-year, fixed-rate Fannie Mae loans with M&T …

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DevelopmentMultifamily

ARA Newmark Sells 15-Acre Site for New South Denver Community

Castle Rock, CO — The multi-housing land team of ARA, A Newmark Company (ARA Newmark) announces the sale of a 15.22-acre site for a new community in the south Denver suburb of Castle Rock, Colorado. Construction on Ledges at the Promenade will begin in April 2016 and is expected to …

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Multifamily

Metro Denver Apartment Vacancies & Rents Increased YOY

View here The Apartment Association of Metro Denver released their latest report showing vacancies in the metro area increased to 6.1 % in the first quarter of 2016, up from 4.9 % in the first quarter of 2015. Rents have also increased yet again to an average of $1,315/month, up …

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BrokerageMultifamily

HFF Closes Sale and Secures Acquisition for Belle Creek Apartments

DENVER, CO –  Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and secured acquisition financing for Belle Creek Apartments, a 156-unit residential community with 6,256 square feet of ground-floor retail in Henderson, Colorado. HFF marketed the property on behalf of a real estate investment trust.  …

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BrokerageDevelopmentMultifamily

Chinese Modern Land Co. Forms AMG Capital to Invest High Growth Cities including Denver

Houston, TX – Modern Land (China) Co. Limited announced the formation of AMG Capital, LLC, a U.S.-based affiliate company formed by Chairman Lei Zhang and John Landrum, the CEO. AMG Capital is headquartered in Houston, Texas along with other Modern Land affiliates, American Modern Green Development and Crown Point Regional …

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BrokerageMultifamily

Student Housing Community Near CSU Marks 1st Acquisition for Core Spaces

Fort Collins, CO – Core Spaces, a Chicago-based real estate development and management firm, has acquired a three-year old, 665-bed community at Prospect and College avenues, one block from Colorado State University in Fort Collins. The purchase, which closed April 19, was the first for Core Spaces since the firm …

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BrokerageMultifamily

CBRE Completes $41.8M Sale of Highpointe Park Apartments in Thornton

Thornton, CO – CBRE Denver Multifamily Investment Properties, which recently completed the sale of Highpointe Park Apartment Homes, a multifamily property located in North Denver at 9701 Pearl Street in Thornton, Colorado. Built in 2013, the 220-unit property includes 206,570 total rentable square feet. The sales price was $41.8 million or …

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BrokerageMultifamily

48-Unit Apartment Building Sold by Marcus & Millichap

Lakewood, CO –  Marcus & Millichap recently today announced the sale of Maplewood Apartments, a 48-unit apartment property located in Lakewood, Colorado, according to Richard A. Bird, regional manager of the firm’s Denver office. The asset sold for $5,600,000. Brian Haggar, apartment specialist in Marcus & Millichap’s Denver office and …

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BrokerageMultifamily

Sloan’s Lake Apartments Sold by CBRE

Lakewood, CO – CBRE, Inc. recently represented Goldman Sachs in the sale of Sloan’s Lake Apartments, located at 6792 West 19th Place in Lakewood. The complex was built in 1986 and includes 191 units. Aukum Management of Larkspur, California, purchased the property for a confidential price in a sale that …

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