Mead
REAL ESTATE
Boulder County Housing Authority is selling off affordable apartments to address budget gap, displacing some families
Boulder County housing officials are selling potentially more than 30 below-market-rate apartments to address a budget gap in the county’s affordable housing program. This decision will further reduce the already-limited supply of affordable housing, forcing families to find new homes in a region grappling with a housing shortage and rising living costs. County officials said they are helping displaced residents transition to new homes.
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Denver-Area Logistics Tenant Leases 1.1M-SF
Third-party logistics firm Broadrange has signed a long-term lease for 1.1 million square feet at Colorado’s 76 Commerce Center. CBRE, which represented the landlords and tenant, reports that it’s the largest speculative lease ever completed in Colorado. Mortenson Properties and Hyde Development developed the 155-acre site adjacent to...
JLL Arranges Financing for Longmont Apartment Deal
Two Arrows Group and LEM Capital have acquired Eastglen Apartments, a 102-unit multifamily property in Longmont, Colo., near Denver. A private investor sold the asset for $18.6 million. Commercial Edge reports the buyers financed the purchase with a $12 million Freddie Mac loan. JLL Capital Markets negotiated on behalf of...
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