Multifamily’s Good Times Keep Rolling
1.19.17 Multifamily Investing, Multifamily Market, State of the Multifamily Market DenverEven as rent growth continues to slow, multifamily market fundamentals in most metro areas will remains positive, Yardi Matrix said Monday. The firm’s new report, Can the Good Times Keep Rolling?, provides a mainly affirmative answer to that question, albeit ...
Retail Outlet on Park Meadows Drive Sold for $5.1M
1.18.17 Mile High CRE, Retail Building Sale Lone Tree, Retail CRE BrokersPinnacle Real Estate Advisors, LLC sold the retail outlet on 9234 Park Meadows Drive located in Lone Tree, Colorado. The 16,031 square foot retail building sold for $5,150,000 or $321.25 per square foot. Tom Ethington and Robert Edwards represented the seller ...
Jeffco leads the pack of Colorado properties increasing in value in 2016
1.17.17 Commercial Real Estate Denver, Jefferson County Property ValuesColorado homes have generated a ton of equity the past two years, which should leave their owners in a better mood — at least until property tax bills come due in April. The value of residential properties in the state stood at $700.9 billion on June 30, ...
Developer clears offices for 100-unit apartment complex
1.16.17 Commercial Real Estate Denver, LoHi Redevelopment, Multifamily Development DenverAnother developer is getting ready to dig into LoHi. Corum Real Estate plans to tear down a 40-year-old office building next month to make way for 100 new apartments. Vice president Eric Komppa hopes the $34 million complex will draw renters who want to live ...
Conservation-focused developer plans Jefferson Park apartments
1.14.17 Affordable Housing Denver, Jefferson Park Development, Multifamily Jefferson ParkAn apartment builder looking to keep rent low and utilities lower has eyes on another Denver corner. Brice Leconte is planning a third iUnit apartment complex at the corner of Federal Boulevard and 20th Avenue on the edge of Jefferson Park. The plans call for ...
Top business stories of 2016: Denver home prices stay hot, but rent gains cooling
1.13.17 Denver Home Prices, Denver Rental Market, Multifamily Investing DenverMetro Denver home prices appreciated 8 to 12 percent last year, continuing to outstrip the national average, wage gains and the overall rate of inflation for the fifth year in a row. The average price of a home sold in metro Denver crossed the $400,000 mark ...