Author Archive: Mountain Capital Group

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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
Denver again tops Forbes’ list of ‘Best Places for Business and Careers’

Denver again tops Forbes’ list of ‘Best Places for Business and Careers’

Caitlin Hendee, Digital Producer, Social Engagement Manager, Denver Business Journal.  Those are just a couple of the ways Forbes magazine describes metro Denver, which it named the nation’s best place for careers and business among 200 large cities for its annual report. This is the second year in a row Denver garnered the top spot. And three […]

Posted in: Denver
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 […]

Posted in: Apartment Market
Charter Communications signs huge lease, plans 800 jobs

Charter Communications signs huge lease, plans 800 jobs

Molly Armbrister and Greg Avery, Denver Business Journal. Charter Communications Inc. will lease 306,000 square feet in the third and final phase of Village Center Station in Greenwood Village, and the company said it plans to add 800 jobs in the area. Charter’s lease kicks off development of the 12-story tower, which will be 100 percent […]

Posted in: Denver
Millennials will be renting for a lot longer
By September 25, 2016 Read More →

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 […]

Posted in: Apartment Market
Denver embraces West Coast feel for better, worse

Denver embraces West Coast feel for better, worse

Colorado Real Estate Journal. People and jobs are migrating to the Mile High City at record pace, resulting in an expanding skyline, revived urban neighborhoods, growth of knowledgebased industries and skyrocketing housing costs. It is clear the city is transforming, but into what? And, is it for the better? I often hear people remark that Denver is becoming more like a coastal market. There […]

Posted in: Denver
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 […]

Posted in: Apartment Market