Tag: Multifamily
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Denver home sales prices continue slide in August
Metro Denver home sale prices dropped for the second month in a row in August, and days on market have reached a breathing-room level of 19 days, when it was just nine days a year ago, according to the most recent Denver Metro Association of Realtors Market Trends report. The average sales price for multifamily…
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Metro Moves: New apartments coming to Brighton
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Welcome to the Denver Gazette’s Metro Moves. You’ll get the latest metro Denver openings, closings, hiring and promotion briefs here. To submit your company’s news, drop an email to dennis.huspeni@gazette.com. Now open Centennial dogs have a new grooming option as the “Scenthound” franchise of “wellness-based”…
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Cherry Creek developer ready for next stage
Facebook Twitter WhatsApp SMS Email Print Copy article link Save When Matt Joblon co-founded BMC Investments in 2010, the business plan did not include developing new buildings. Eleven years later, the company has developed – both new construction and repositioned assets – more than $500 million worth of luxury apartments, hotels, office and mixed-use, most…
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Metro Denver apartment rents soar to all-time high
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Rents for metro Denver apartments reached an all-time high, while the vacancy rate stood at historic lows, according to the Q2 Metro Denver Vacancy & Rent Report. Report authors called the Q2 results “extraordinary.” “There was a spike in rent along with a decrease in…
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Cherry Creek developer expanding to south suburbs
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Cherry Creek-based developer BMC Investments, best known for its high-profile developments there like Steele Creek Apartments and Halcyon hotel, announced it has begun work on a 325-apartment development in Castle Pines. The Canyonside Apartments are on the east side of I-25, off Castle Pines Parkway,…
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New owners to demolish Channel 7 building, build apartments
Facebook Twitter WhatsApp SMS Email Print Copy article link Save A development group confirmed Monday it has closed on the 2.3 acre site at 123 Speer Blvd., the 51-year home of KMGH Channel 7 news. New York-based developer Property Markets Group (PMG) and Greybrook Realty Partners, a Toronto -based private equity and asset management firm,…
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Denver City Council denies Channel 7 building landmark status
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Denver City Council voted unanimously late Monday not to designate the Channel 7 building at 123 E. Speer Blvd. a landmark. Though it’s likely the red, octagonal “brutalist” architecture-style building will be demolished to make room for an apartment building tower, the developer signed…
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Luxury apartments (high) rising in RiNo
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Denver developer McWhinney put shovels in the ground Monday at 38th and Blake streets in Denver’s River North Arts District starting a luxury apartment high-rise. Dubbed FoundryLine, McWhinney’s plans include 17 stories, 348 apartments, a 16th-floor rooftop pool, a dog run and a 282-car garage…
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Denver rents tick up Q1
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Metro Denver area rents rose slightly in the first quarter, bringing the average rent to $1,544 per month, according to the Apartment Association of Metro Denver. Association officials say the uptick is just an adjustment, and that overall rents have remained stable in the last…
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Colorado apartment owners study shows March rent collections high, evictions low
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Despite Gov. Jared Polis’ ending the evictions moratorium, Colorado evictions remain lower than March 2020 levels, and 98% of tenants continue to pay rent on time, according to the Colorado Apartment Association. That 98% rent-collection level is less than 1% lower than the March 2020…