Buchtel Park Apartments sells for $46.25M
3.27.18 Buchtel Park Apartments, Denver Apartment Building Sale, Multifamily Brokers DenverA sought-after apartment community in Denver’s University Park neighborhood sold for $46.25 million to a buyer planning to make improvements to the midrise asset. RedPeak purchased the 269-unit Buchtel Park Apartments, located at 3700 E. Jewell Ave., near ...
I-25/Colorado apartment complexes sell in eight-figure deals
2.12.18 Apartment Building Sale Denver, Multifamily Brokers DenverTwo large apartment complexes on opposite sides of the Interstate 25 and Colorado Boulevard interchange have sold to different buyers. On Thursday, Denver-based real estate firm RedPeak paid $46.25 million for Buchtel Park, a 269-unit property at 3700 E. ...
Highlands apartment building fetches $6.6M
11.27.17 1031 Exchange, Highlands Apartment Building Sale, Jeff Johnson, Josh Newell, Multifamily Brokers DenverOne of the few apartment complexes in the Highlands that accepts Section 8 vouchers sold last week. The 41 units at 2920 W. 32nd Ave., a block from North High School, fetched $6.6 million. Coco’s Palace LLC closed on the purchase last week, according to ...
Denver rent hikes are slowing, studies agree
10.5.17 Denver Apartment Rent, Denver Rent Prices, Multifamily Brokers DenverDenver rent hikes appear to be slowing, compared with the rest of the country, new studies indicate. Rents for an apartment in Denver have increased 2.7 percent in the past year, compared with a national increase of 2.8 percent and a statewide yearly increase ...
Prices Rise for Apartment Buildings, But Fewer Properties Sell
10.4.17 Apartment Investors, Multifamily Brokers Denver, Multifamily Real EstateInvestors continue to buy fewer apartment properties than they did last year. Yet prices continue to rise. “It’s another down month for volume, but prices are still increasing,” says James Costello, senior vice president for Real Capital Analytics ...
The Top 10 Metros for Multifamily Permits
9.20.17 Multifamily Brokers Denver, Multifamily Development, Multifamily PermitsThis year, there will be about 360,000 multifamily units delivered to the market—a 2.8 percent increase in stock, according to the spring multifamily outlook report from research firm Yardi Matrix. In the first quarter, the national apartment vacancy rate ...