Room to grow: In the next few weeks, the Auraria Higher Education Center will select a firm to update its campus master plan. Five firms submitted proposals: Civitas, RNL Design, David Owen Tryba Architects, Studio/Insight/Sasaki and JBA Inc. of Fort Collins.
“We’re looking for opportunities to leverage the assets of the campus through public-private partnerships and joint ventures,” said Dean Wolf, executive vice president for administration at Auraria. “We’re so short of space, and we’ve got to find a solution.
“We prefer not to put the burden on the backs of the students.”
Waiting by the phone: A spread in the New York Times real-estate section last Sunday didn’t garner any calls for Distinctive Properties Ltd. agent Craig Mayer.
The Times story featured several homes throughout the country listed for about $500,000, including the six-bedroom Parker house Mayer is listing.
“I’m just glad I didn’t pay for the piece,” he said.
The six-bedroom home on 2.89 acres at 12599 N. Pine Cone Road in Parker is listed at $489,900. It has been on and off the market for about a year.
Station sale: An apartment building in one of the first local transit-oriented developments has a new owner.
RREEF, a San Francisco-based real-estate investment company, paid $66.5 million for Alexan Lincoln Station off Lincoln Avenue on the west side of Interstate 25 in Lone Tree.
The 431-unit community, developed by Trammell Crow Residential, is adjacent to Bradbury Properties Inc.’s Lincoln Station, a mixed-use development at the last stop of the southeast light-rail line along I-25.
Alexan Lincoln Station, completed this year, is about 60 percent leased, said Scott McFadden, senior managing director for Trammell Crow Residential.
Raising rents: A robust apartment market has a Denver-based real-estate investment trust raising rents an average of 5 percent on new leases nationwide.
Apartment Investment and Management Co. (AIMCO), the nation’s largest owner and operator of apartment communities, with nearly 1,370 communities, is raising the rates as occupancy in its complexes increases.
“In Denver, rental increases have actually gone up in some cases more than 5 percent,” AIMCO spokeswoman Cynthia Eichner said. “When the apartment market is strong and we have upwards of 95 percent occupancy, that tends to result in higher rental rates.”
Staff writer Margaret Jackson can be reached at 303-820-1473 or mjackson@denverpost.com.
