Affordable Housing Central Theme Denver Metro Chamber of Commerce’s Annual State of the City
View here Denver Mayor Michael Hancock gave the keynote address at Denver Metro Chamber of Commerce’s Annual State of the City event, held Tuesday, August 9, 2016, that reiterated the city’s plan for affordable housing. Panelists included Amy Harmon, Founder and Managing Partner of Urban Market Partners, LLC and Community Coordinating …
CO Construction Defect Law Featured in Wall Street Journal
View here Colorado’s construction defect laws make national news with an article in the Wall Street Journal, entitled Threat of Lawsuits Crimps Condo Developments. The article notes that condos have been the slowest segment of the U.S. housing market to make any kind of “comeback” and that the construction defect laws in …
CBRE Affordable Housing Arranges Sale & Financing of 140-Unit Property in Denver
Denver, CO – CBRE Affordable Housing has arranged the sale and financing of Diamond at Prospect, a 140-unit affordable multifamily property in Denver, Colorado, to Hamilton Zanze Real Estate Investments for $20.5 million. CBRE Affordable Housing represented Security Properties Inc. in the sale of the property, which contains 98 units …
$45M Financing for 304-Unit Apartment Community Arranged by HFF
Centennial, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $45 million in permanent financing for 360º, a 304-unit, newly-built Class A apartment community in the southeast Denver suburb of Centennial, Colorado. HFF worked exclusively on behalf of an institutional investor to secure the seven-year, 2.98 percent …
Affordable Housing Proposal Vote Moved Back to September
View here Denver City Council will now have until September to consider the affordable housing proposal that is set to raise $150 million in the first ten years, funded by taxes and fees on new and existing real estate. Photo of Palace Construction’s Stapleton Affordable Housing Project: Northeast Denver Housing Center, Photography @theunfounddoor
42-Unit Multifamily Sold $4.5M South Broadway
Denver, CO – Pinnacle Real Estate Advisors, LLC recently sold 1330 W Mississippi Avenue in Denver, Colorado. This 42-unit property sold on July 26th with a contract price of $4,534,000; $107,952 per unit and $177.16 per square foot. The property, built in 1971, is located less than a mile from Washington …
Crowdfunding: Catalyst for Diversity of CRE Projects?
by: Julie Wanzer, LEED AP Providing alternative funding sources allows those transactions that may not be appetizing to traditional banks to become a reality and provide for diversity of projects in the commercial real estate industry. Denver, CO – Crowdfunding has long been synonymous with raising donations for fundraisers and …
Update on Proposed TOD Orchard Station in Greenwood Village
View here Alberta Development Partners has reportedly removed its master development plan for Orchard Station, a planned transit-oriented development set to break ground in Greenwood Village. Rendering courtesy of Alberta Development Partners, LLC
FirstBank Finances $24.3M Construction Loan for DeLo Apartments
Louisville, CO – FirstBank is financing a $24.3 million loan for DeLo Apartments, LLC. The loan will help build a 115,000 sq. ft. luxury apartment complex, featuring 130 units in the newly redeveloped Downtown East Louisville neighborhood (referred to as “DeLo”). The apartment development, located on a 12.6 acre plot …
Pinnacle Sells Two Lakewood Multifamily Units Over $1M
Lakewood, CO – Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of 9493 W 14th Avenue in Lakewood, Colorado. This 8-unit property sold on July 14th with a contract price of $1,125,000; $140,625 per unit and $120.32 per square foot. The property, located just 2 blocks from the …