Ohio firm drops $65 million on Cherry Creek apartment buy
7.4.17 Apartment Building Sale Cherry Creek, Denver Multifamily Sale, The Gardens at Cherry CreekThe Connor Group, an Ohio-based company, has acquired The Gardens at Cherry Creek, a 191-unit apartment complex at 225 S. Harrison St. for $65 million, according to Denver County public records. It’s The Connor Group’s first acquisition in Denver, ...
Apartment rent growth may have slowed compared to its pace earlier in the cycle, but renter demand is very nearly off the charts. RealPage Inc. on Thursday reported demand for 175,645 apartments across the US in the second quarter, a one-third increase year ...
Developer trio shells out $2M for RiNo infill project
6.29.17 Billy Riesing, Riesing Urban PropertiesAnother week, another million-dollar RiNo infill deal. A trio of local developers bought a 14,000-square-foot triangle at 3724 Walnut St. near the 38th and Blake light rail station for $2.1 million. In an email statement, Chad Ellington with Peak Development ...
Table is set for S. Broadway bar-arcade concept
6.21.17 Broadway Retail, Jamie Mitchell, Retail Broker EnglewoodEvery night is game night at a new pub coming to downtown Englewood. Jason Ungate and his wife are opening Tabletop Tap at 3394 S. Broadway, with a new twist on the arcade bars that have popped up around downtown. Ungate said he hopes to lure customers with a ...
As Consumers Do More Shopping at Convenience Stores, Investors Take Note
6.14.17 Commercial Real Estate Development, Retail Development, Retail Real Estate MarketA growing appetite among consumers-on-the-go for the broader selection of food options and other grocery items offered at larger, modern convenience stores is fueling a wave of consolidation and new development in the often overlooked triple-net convenience ...
How deep is the demand for high-end apartments?
6.12.17 Denver Apartment Demand, Denver Multifamily Market, Multifamily Real Estate DenverOne of the hallmarks of the current development boom has been the degree to which it has been focused almost exclusively on high-end apartments. Proponents say it represents a change in our housing preferences, with more and more higher-income households ...