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Apartment complexes sell in Denver, Aurora

Michael and Kimberly Greenwood sold the 12-unit Greentree Apartments at 20 S. Pearl St. in Denver for $870,000, or $72,500 per unit. The buyer was a private Denver investor.

The property is in the West Washington Park neighborhood and was built in 1963.

Pinnacle Real Estate Advisors LLC represented both the seller and buyer in the deal. Read more

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Pinnacle Real Estate Advisors - CoStar Top Sales Firm 2009

CoStar Power Broker Awards Recognize Top Dealmakers in Commercial Real Estate. 

Annual Selection of the 'Best of the Best' in Commercial Real Estate Brokerage Presented by Industry's Leading Research Organization.

www.costar.com - "Successfully closing any Pinnacle Real Estate Advisors - Top Sales Firm 2009commercial property transaction was enormously challenging in 2009, given the extreme economic conditions investors, tenants and property owners faced last year."

"The brokers who excelled under those conditions and achieved the highest transaction volume in commercial property sales and leases last year in their respective markets are especially deserving of industry-wide recognition. Which is why CoStar is especially pleased to present the 2009 CoStar Power Broker Awards, singling out those who persevered and earned the right to be called one of the 'best of the best' in commercial real estate brokerage."  Read more

Wheat Ridge Multifamily Trades for $2.2M

www.costar.com - Wheatridge Garden LLC sold a 33-unit multifamily complex at 4415 Teller St. in Wheat Ridge, CO, to Wheatridge Apartments LLC for $2.15 million, or approximately $65,151 per unit.  Read more

Apartment complexes still selling in 2010

http://denver.bizjournals.com - Apartment properties, which were responsible for some of late 2009's largest commercial real estate transactions, continue to sell in early 2010.  Read more

Colorado Business

www.denverpost.com - Pinnacle Real Estate Advisors announced the sale of the Moneytree building at 8140 Sheridan Blvd.  Read more
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Denver’s LaMont apartments sold for $1.3M

http://denver.bizjournals.com - The LaMont apartments in Denver's Capitol Hill neighborhood have been sold for $1.3 million cash.  The renovated, 14-unit property includes 7,594 square feet and is located at 1117 Pennsylvania St. It was built in 1925.  Read more

City Park apts. sell for 1.2m

www.crej.com - A City Park apartment property sold to a local buyer growing its central Denver multifamily holdings.  The buyer, 1671 Cook Street LLC, paid $1.2 million, or $70,588 per unit, for the Brookwood apartment community.  Read more

Location key to apartment sale

www.crej.com - Johnson and Cornerstone Apartment's Jim Lorenzen represented the buyer. The seller, 1042 Logan Street Partnership, was represented by Kyle Malnati of Pinnacle Real Estate Advisors LLC.  Read more

Quartet of apartment properties sells for $3.33 million

www.crej.com - Pinnacle Real Estate Advisors LLC closed a quartet of apartment transactions across metro Denver over a four-week span and three of them closed in two weeks' time.  J.B. Hochman and Josh Newell of the Hochman Newell Team at Pinnacle Real Estate closed the deals, which totaled $3.33 million.  Read more
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