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Tag Archive | "apartments"

Griffis/Blessing buys Broomfield apartments

Tuesday, January 8, 2013

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Colorado Springs-based Griffis/Blessing, Inc. purchased  a 216-unit apartment complex in Broomfield in late December. The complex, Willow Run Village Apartments, was built in 1999 and sits on 10.65 acres. It is a mix of 48 one-bedroom, 120 two-bedroom, and 48 three-bedroom units. Community amenities include a clubhouse, fitness center, swimming pool, spa, dog park, sand [...]

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Denver investor buys big Springs apartment complex

Monday, November 19, 2012

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Real Capital Solutions, a Colorado-based investment and property management company bought the Tanager Meadows apartment complex earlier this month. The 30-building, 528-unit property is one of the largest apartment complexes in Colorado Springs. Kevin McKenna and Ken Greene, brokers with Apartment Realty Advisors, negotiated the sale for seller Lowe Enterprises Investors. Tanager Meadows, located at [...]

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New York firm buys S. Circle apartments

Tuesday, November 1, 2011

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A New York investor purchased the 112-unit South Circle Arms Apartments near Valley High Golf Course for $5.4 million. Sequoia Property Partners purchased the complex at 813 South Circle Drive. Ken Green and Kevin McKenna with Apartment Realty Advisors brokered the deal for seller Xebec Realty Partners. The $5.4 million breaks down to $48,214 per [...]

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Lakewood investor buys Rustic Hills-area apartments cheap

Monday, October 17, 2011

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A Lakewood real estate investment firm purchased the Rustic Hills Park Apartments for $4.2 million last week. The 243-unit complex was one of the last distressed properties on the market in Colorado Springs and sold for just $17,279 per unit or $17.37 per square foot, according to a release from Apartment Realty Advisors, which brokered [...]

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Developer moves ahead on luxury apartment complex in the Springs

Monday, March 28, 2011

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Last month I reported on how the Colorado Springs apartment market was at a tipping point, with the balance of power moving from renters to landlords. The demand for apartments is up as the housing crisis has turned former homeowners into renters, and supply is down as builders have held off on constructing new units. [...]

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