Author Archive: David Bellandi

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Denver apartment rents appear to be falling
By November 3, 2016 Read More →

Denver apartment rents appear to be falling

Ben Miller , Contributing Writer, Denver Post. Two reports released this week seem to indicate that rents in Denver appear to be falling. The first, put out by San Francisco-based apartment app Zumper, indicated prices for one-bedroom apartment rentals in Denver have fallen 3.1 percent over the past year, and Denver is no longer on […]

Posted in: Denver
Denver again tops Forbes’ list of ‘Best Places for Business and Careers’
By October 25, 2016 Read More →

Denver again tops Forbes’ list of ‘Best Places for Business and Careers’

Caitlin Hendee, Digital Producer, Social Engagement Manager, Denver Business Journal.  Those are just a couple of the ways Forbes magazine describes metro Denver, which it named the nation’s best place for careers and business among 200 large cities for its annual report. This is the second year in a row Denver garnered the top spot. And three […]

Posted in: Denver
By October 5, 2016 Read More →

Denver’s apartment rent growth continues to slow

The brakes are being put on Denver’s apartment rent growth as new apartments come on line. According to California property management software company Yardi Matrix, Denver’s year-over-year rent growth fell to 2 percent on a year-over-year basis in September, below the national average of 4.7 percent and well below the double-digit increases experienced in past […]

Posted in: Apartment Market
By October 5, 2016 Read More →

Charter Communications signs huge lease, plans 800 jobs

Molly Armbrister and Greg Avery, Denver Business Journal. Charter Communications Inc. will lease 306,000 square feet in the third and final phase of Village Center Station in Greenwood Village, and the company said it plans to add 800 jobs in the area. Charter’s lease kicks off development of the 12-story tower, which will be 100 percent […]

Posted in: Denver
By September 25, 2016 Read More →

Millennials will be renting for a lot longer

John W. Schoen, CNBC Real Estate. Rampell: Millennials aren’t buying homes, good for them  Tuesday, 23 Aug 2016 | 4:47 PM ET | 02:24. The U.S. housing market continues to move ahead, but a generation of homebuyers is being left behind. That’s the conclusion of an analysis of homeownership by John Burns, a real estate consultant and […]

Posted in: Apartment Market
Denver embraces West Coast feel for better, worse
By August 24, 2016 Read More →

Denver embraces West Coast feel for better, worse

Colorado Real Estate Journal. People and jobs are migrating to the Mile High City at record pace, resulting in an expanding skyline, revived urban neighborhoods, growth of knowledgebased industries and skyrocketing housing costs. It is clear the city is transforming, but into what? And, is it for the better? I often hear people remark that Denver is becoming more like a coastal market. There […]

Posted in: Denver
By August 24, 2016 Read More →

Denver enjoys a new normal for absorption

Colorado Real Estate Journal. As construction continues for new apartments in Denver, apartment investors and developers continue to analyze apartment absorption. Many participants in the industry think there is a new normal and that averages for yearly absorption we have seen in the past are no longer applicable. As multifamily brokers, this is a topic […]

Posted in: Apartment Market
By July 18, 2016 Read More →

Colorado moves up on CNBC’s ‘Top States for Business’ list

DENVER BUSINESS JOURNAL – Colorado has moved up on CNBC’s list of America’s top states for business, according to the cable channel’s annual ranking of the states. Colorado, which landed at No. 4 last year, has moved up to No. 3 for attracting business and jobs. The state was tied for No. 8 in 2014 […]

Posted in: Denver
By July 13, 2016 Read More →

Second-Half Surge? There’s Still Room for More Cap Rate Compression

By Jerry Ascierto, Multifamily Executive. Foreign capital, healthy risk premium continue to drive prices up and cap rates down. But for how much longer? Though transaction velocity is slowing, the second-half of the year may see something of a rally in volume—pushing capitalization rates down further. While cap rates hit another low in April—with mid- […]

Posted in: Apartment Investing
By July 13, 2016 Read More →

2 Denver apartment complexes sell for $144 million

Molly Armbrister, Reporter, Denver Business Journal. Two Denver apartment complexes, including one completed just last year across the street from Coors Field, have sold for a combined $144 million. Both complexes were developed by Alliance Residential, a Phoenix-based real estate company, and purchased by Simpson Housing, a local firm that last year sold a 1,206-unit apartment complex […]

Posted in: Apartment Market