Apartment Investing

Glendale 180: City to open talks with new developer

Glendale 180: City to open talks with new developer

Mark Harden ,  News Director, Denver Business Journal. The city of Glendale will negotiate with a new developer in hopes of moving forward with stalled plans for a major entertainment complex. The Glendale City Council voted 6-0 Tuesday night to open talks with Dallas-based Lincoln Property Co. to build the proposed Glendale 180 project, said […]

Denver real estate firm sells One City Block apartments for $99.5 million

Denver real estate firm sells One City Block apartments for $99.5 million

Molly Armbrister, Reporter, Denver Business Journal. One City Block, a 302-unit apartment complex built by Denver-based RedPeak Properties in 2012, at the beginning of what turned into a significant apartment boom in metro Denver, has been acquired by Deutsche Asset Management for $99.5 million, according to Denver County public record. The complex, which encompasses four different buildings […]

Amazon to open huge fulfillment center in Aurora, employ 1,000

Amazon to open huge fulfillment center in Aurora, employ 1,000

By Staff, Denver Business Journal.  Amazon.com Inc. said today it will open a 1 million-square-foot fulfillment center in Aurora that will employ 1,000 people and help speed up the online retailer’s deliveries in the state. The new facility will be built in the Prologis Park 70 — at the intersection of Interstate 70 and E-470. It will […]

California firm drops $85M for Glendale apartments

California firm drops $85M for Glendale apartments

BURL ROLETT. BusinessDen. Apartment buyers squeezed in one last big-time deal before 2016 came to close. California-based Braddock & Logan bought the 324-unit Alister Cherry Creek apartments in Glendale last month for $85.15 million. Mill Creek Residential sold the 15-acre complex, in a deal that closed just before Christmas. Alister Cherry Creek is a garden-style […]

Second-Half Surge? There’s Still Room for More Cap Rate Compression

Second-Half Surge? There’s Still Room for More Cap Rate Compression

By Jerry Ascierto, Multifamily Executive. Foreign capital, healthy risk premium continue to drive prices up and cap rates down. But for how much longer? Though transaction velocity is slowing, the second-half of the year may see something of a rally in volume—pushing capitalization rates down further. While cap rates hit another low in April—with mid- […]

JPMorgan Chase buys Aurora property for ‘operations site’

JPMorgan Chase buys Aurora property for ‘operations site’

by Jill Jamieson-Nichols, Colorado Real Estate Journal. JPMorgan Chase has acquired 100 acres of land in Aurora for an “operations site” scheduled to be up and running in two to three years. According to public records, the company paid $11.76 million, or $2.70 per square foot, for the land in the Aurora Crossroads Regional Activity […]

Apartment Market

Just how many people rent in Denver rather than own?

Just how many people rent in Denver rather than own?

Caitlin Hendee, Digital Producer / Social Engagement Manager, Denver Business Journal.  With 38.8 percent of its residents leasing, Denver-Aurora ranks 128th our of the 400 largest cities in the U.S. for people who rent rather than own. That’s according to a new report from Madison, Wisconsin-based online rental marketplace Abodo. The company analyzed data from the U.S. […]

By February 24, 2017 Read More →
BusinessDen Survey: Denver apartment rent shoots up 5 percent in 2016

BusinessDen Survey: Denver apartment rent shoots up 5 percent in 2016

Denver Apartment Rent, Denver Rental Market, Multifamily Market Denver. Defying local real estate skeptics, the rent keeps marching upward. The median effective rent at one-bedroom units at 17 large apartment buildings polled by BusinessDen – from Cherry Creek and Golden Triangle up to Highlands, Union Station and RiNo – rose 4.7 percent in December 2016 […]

Denver’s apartment rent growth continues to slow

Denver’s apartment rent growth continues to slow

The brakes are being put on Denver’s apartment rent growth as new apartments come on line. According to California property management software company Yardi Matrix, Denver’s year-over-year rent growth fell to 2 percent on a year-over-year basis in September, below the national average of 4.7 percent and well below the double-digit increases experienced in past […]

Millennials will be renting for a lot longer

Millennials will be renting for a lot longer

John W. Schoen, CNBC Real Estate. Rampell: Millennials aren’t buying homes, good for them  Tuesday, 23 Aug 2016 | 4:47 PM ET | 02:24. The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind. That’s the conclusion of an analysis of homeownership by John Burns, a real estate consultant and […]

By September 25, 2016 Read More →
Denver enjoys a new normal for absorption

Denver enjoys a new normal for absorption

Colorado Real Estate Journal. As construction continues for new apartments in Denver, apartment investors and developers continue to analyze apartment absorption. Many participants in the industry think there is a new normal and that averages for yearly absorption we have seen in the past are no longer applicable. As multifamily brokers, this is a topic […]

2 Denver apartment complexes sell for $144 million

2 Denver apartment complexes sell for $144 million

Molly Armbrister, Reporter, Denver Business Journal. Two Denver apartment complexes, including one completed just last year across the street from Coors Field, have sold for a combined $144 million. Both complexes were developed by Alliance Residential, a Phoenix-based real estate company, and purchased by Simpson Housing, a local firm that last year sold a 1,206-unit apartment complex […]