Author Archive: Mountain Capital Group

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Just how many people rent in Denver rather than own?
By February 24, 2017 Read More →

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. […]

Posted in: Apartment Market
Now hiring: Transamerica will add 200 employees this year in downtown Denver
By February 22, 2017 Read More →

Now hiring: Transamerica will add 200 employees this year in downtown Denver

Monica Mendoza, Reporter, Denver Business Journal.  Transamerica Corp. is set to add 200 employees this year in its downtown Denver office. With the new employees in marketing, distribution, customer care and operations, the company’s workforce will be up to 700 employees in downtown. In 2015, the Baltimore-based insurance and financial giant moved its metro Denver office from […]

Posted in: Denver
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 […]

Posted in: Apartment Investing
Metro Denver unemployment rate unchanged in December, one of the lowest in the country

Metro Denver unemployment rate unchanged in December, one of the lowest in the country

Metro Denver’s unadjusted unemployment rate was unchanged in December at 2.6 percent, the same as November, but down from this time last year, according to job estimates released today from the Colorado Department of Labor and Employment. The 2.6 percent rate is for a 10-county area that includes Denver, Aurora, Lakewood, Broomfield and Centennial, but […]

Posted in: Denver
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 […]

Posted in: Apartment Investing
Some relief for metro-Denver renters

Some relief for metro-Denver renters

By Molly Armbrister, Reporter, Denver Business Journal.  The average apartment rental rate in metro Denver in the fourth quarter of 2016 was $1,346 per month, a slight decrease from the previous quarter but an increase of 4 percent over the same period in 2015, according to the latest report from the Apartment Association of Metro Denver and the […]

Posted in: Denver
BP opening 200-person Denver HQ for a major U.S. division

BP opening 200-person Denver HQ for a major U.S. division

Cathy Proctor, ReporterDenver, Business Journal. BP said today it will establish a 200-person office in Denver as the new headquarters for its onshore division for the lower 48 states. The global oil and gas company (NYSE: BP), which has its global headquarters in London, said it wanted to be closer to its “substantial operating asset position in […]

Posted in: Denver
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 […]

Posted in: Apartment Investing
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 […]

Posted in: Apartment Market
Denver apartment rents appear to be falling

Denver apartment rents appear to be falling

Ben Miller , Contributing Writer, Denver Post. Two reports released this week seem to indicate that rents in Denver appear to be falling. The first, put out by San Francisco-based apartment app Zumper, indicated prices for one-bedroom apartment rentals in Denver have fallen 3.1 percent over the past year, and Denver is no longer on […]

Posted in: Denver