Apartment Investing

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 […]

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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 […]

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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 […]

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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- […]

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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 […]

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Glendale apartment complex sells for $17.1 million

Glendale apartment complex sells for $17.1 million

Molly Armbrister, Reporter, Denver Business Journal. Peregrine Place, a 65-unit apartment complex in Glendale, has sold to a local company for $17.1 million. The complex was built last year and was purchased by Mountain Capital Group from its developer. Mountain Capital Group last month sold a 10-unit Capitol Hill apartment complex for a record-per unit price of […]

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Capitol Hill apartments sell for record price

Capitol Hill apartments sell for record price

Molly Armbrister, ReporterDenver, Business Journal. A 10-unit apartment complex in Denver’s Capitol Hill neighborhood has sold for a Colorado record per-unit price of $525,000, or $5.25 million for the whole complex. Located at 901 Washington St., the complex was built in 2007 and was sold by Washington Street Townhomes LLC, an entity of Mountain Capital Group […]

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Homeownership near its lowest in history

Homeownership near its lowest in history

Diana Olick, CNBC Real Estate Reporter. Home sales may be rising, but homeownership in the United States is heading down once again. After gains in the second half of 2015, the homeownership rate fell to just 63.6 percent, seasonally adjusted, in the first quarter of this year, according to the U.S. Census Bureau. Homeownership hit a […]

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Yardi: 11% rent increase predicted

Yardi: 11% rent increase predicted

Denver Real Estate Watch, John Rebchook. Denver-area apartment rents are forecasted to rise 11.2 percent this year, the biggest percentage gain projected for any U.S. city, according to a national report. Yardi Matrix is forecasting the double-digit gain, even as it cautions that the Denver-area apartment market could suffer from a slowdown in the tech and […]

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Multifamily construction to remain strong in Colorado

Multifamily construction to remain strong in Colorado

By Jennifer Hayes, editor, CREJ. Everyone loves Denver. And it’s a key factor in the continued construction of apartment properties across the metro area, which doesn’t show signs of slowing down in the near term, according to the multifamily forecast panel at the 2016 Development & Construction Summit presented by the Colorado Real Estate Journal. […]

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