BMC Investments Acquires Landon Park Apartments in Aurora
Denver, CO — BMC Investments (BMC) recently acquired Landon Park Apartments, a 464-unit multi-family community in Aurora, Colorado. Landon Park Apartments presents a strong value-add opportunity for BMC as it continues its growth in the Denver market. The property offers a choice of five floor plans for the one- and two-bedroom …
BMC Investments & Oak Coast Properties Purchase Timber Lodge Multifamily $40.5M
View here BMC Investments and Oak Coast Properties joined together to purchase Timber Lodge Apartments, a 390-unit multifamily located in Thornton, for $40.5 million. Shane Ozment, Terrance Hunt, Jeff Hawks and Doug Andrews from ARA Newmark handled the deal, along with representatives from HFF. Pictures courtesy of ARA Newmark
ARA Newmark Trades Eco-Elegant, Mixed-Use District Spanning Full City Block in Downtown Denver
Denver, CO — ARA, A Newmark Company (ARA Newmark) recently sold One City Block, an eco-friendly, mixed-use development in the Uptown neighborhood in downtown Denver comprising four LEED-certified luxury apartment buildings – each uniquely designed and named after area parks – retail storefronts, sidewalk cafés and underground parking. Vice Chairmen …
Deer Crest Apartments in Denver Purchased by Griffis/Blessing for $55M
Denver, CO – Griffis/Blessing, Inc., recently closed on Deer Crest Apartments in Broomfield for $55 million, with the assistance of ARA Newmark, the listing broker. “Deer Crest is in an ideal location, midway between Boulder and Denver and only five minutes east of the Flatirons Station on the future Northwest …
Alexan Sloan’s Lake, 369-Unit Multifamily, Sells for $102.8M
Denver, CO — ARA, A Newmark Company (ARA Newmark) sold Alexan Sloan’s Lake, a 369-unit, multihousing asset for $102.8 million. ARA Newmark’s Vice Chairmen Jeff Hawks, Terrance Hunt, Doug Andrews, Shane Ozment and Executive Managing Director Chris Cowan represented a joint-venture between Trammell Crow Residential and an institutional investor in …
Sale of New Multifamily Asset in Denver’s Top Employment Hub Signals Rising Demand for Construction
Denver, CO — ARA, A Newmark Company (ARA Newmark) recently sold Helios, a high-end multifamily community in the Denver suburb of Englewood, Colorado, developed by Hines, an international real estate firm. A 258-unit community, Helios is one of the first newly delivered communities to trade amid an apartment construction boom …
ARA Newmark Closes Highest Multifamily Trade in Colorado Springs History
Colorado Springs, CO — ARA, A Newmark Company (ARA Newmark) sold Grand River Canyon, the highest multifamily trade in Colorado Springs history and the third largest trade of any asset class in the metropolitan area since 2001. Grand River Canyon sold for an undisclosed price. Executive Managing Director Kevin McKenna, …
Two CO Properties Sell as Part of a $242M National Multifamily Portfolio
Colorado Springs, CO — ARA, A Newmark Company (ARA Newmark) closed on a six-asset multifamily portfolio comprising properties in San Antonio, TX, Charlotte, NC, Colorado Springs, CO, Denver, CO, Oklahoma City, OK and Orlando, FL. The six-property, 1,460-unit portfolio was sold for $242.2 million to an undisclosed buyer. The two …
$189.5M Combined Sale of Three Northern Metro Denver Multifamily Complexes
View here The northern Colorado multifamily market remains strong with three multifamily complexes recently sold for a combined $189.5 million. Two of the properties are in Broomfield and one in Brighton. ARA, A Newmark Company, and CBRE facilitated these deals. Image: Arista Uptown in Broomfield which sold for $65M, courtesy …
After 26 Years, Koelbel & Company Sells Majority Share of The Breakers Resort in Landmark Transaction
Denver, CO — One of Denver’s oldest and most venerable real estate developers, Koelbel and Company, along with its partner The Bascom Group, recently announced the landmark sale of The Breakers Resort to Pensam Residential and its partners, BH Equities LLC and Wafra Capital Partners, brokered by ARA, A Newmark …