Transactions

90s-Vintage Asset Attracts Competitive Buyer Interest to One of Strongest Markets in Nation ARA, A Newmark Company (ARA Newmark) announces the $44.5 million sale of Commons at Briargate, a 194-unit asset located in Colorado Springs, CO. The property sold for over $229,000 per unit, setting a record for the highest …

Griffis Residential Sells Griffis North Metro Apartments Griffis Residential, a Denver-based multifamily investment and management firm, announced today that it has sold Griffis North Metro, a 562-unit, Class-A apartment community located in Northglenn, CO. Under Griffis Residential ownership and management from June 2013 to August 11, 2017, the value of …

$75.25 million sale of Gateway Park Apartments in Denver closed by HFF Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $75.25 million sale of Gateway Park Apartments, a 328-unit, Class A garden-style multi-housing community located in Denver. HFF marketed the asset on behalf of the seller, …

HFF secures $21.925 million financing for 2 Denver Multi-Housing Communities Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured financing totaling $21.925 million for Coronado Crossing and Valley Park Village, two Denver, Colorado, multi-housing communities comprising 388 units. Working exclusively on behalf of Boulder, Colorado-based Mountain View Capital, LLC, …

Rare 1970’s-Built Apartment Community in Lowry has Sold CBRE announced this week that the Fairways at Lowry, constructed in 1973, sold for $47.5 million, including the assumption of existing debt in the amount of $26,100,000.The 450-unit community is located at 9913 East 1st Avenue in Aurora, Colorado, adjacent to the …

2,200 SF Leased at 7824 Park Meadows Drive Pinnacle Real Estate Advisors, LLC is pleased to announce the lease of 2,200-square-foot of retail space at 7824 Park Meadows Drive in Lone Tree, Colorado. The 14,408-square-foot building, located in the highly desirable Park Meadows retail/restaurant corridor, features a fully outfitted second …

KEYBANK ARRANGES $8.5 MILLION IN FINANCING FOR COLORADO AFFORDABLE HOUSING PROPERTY KeyBank Community Development Lending & Investment (CDLI) has provided an $8.5 million bridge to Agency loan for Depot Square Apartments, located in Boulder, CO. The LEED Gold Certified multifamily complex was built in 2015 and consists of 71 units …

Colorado Springs Apartment Complex Sells for Fourth Time Since 2014 Colliers International Multifamily Advisory Group is pleased to announce the sale of Midtown Flats Apartments (FKA Gallery Apartments) a 58-Unit Community, built in 1970. The property sold for $4,030,000 or $69,483/unit. At $138/sf, this sale represents the second highest $/sf for a …

HFF closes $57.8 million sale of and arranges $46 million financing for multi-housing community in Denver Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $57.8 million sale of and arranged $46 million in acquisition financing for Silver Cliff, a 312-unit, garden-style multi-housing community in the south Denver …

Newmark Knight Frank Sell Denver Industrial Space for $7,248,462. Newmark Knight Frank, one of the world’s leading commercial real estate advisory firms. recently announced the sale of 69,350-square-feet of industrial space located at 485 East 52nd Avenue Denver, for $7,248,462. ARA Newmark Sells Marion Place Apartments, Denver. ARA Newmark — the largest national full-service investment advisory brokerage …