DENVER, CO - CBRE announced the $10.8 million sale of Satori Residences, a 24-unit multifamily property in Denver’s Golden Triangle Creative District. Robert Bratley with CBRE’s Denver office represented the buyer, a confidential out-of-state entity. Satori Holdings LLC sold the property in a transaction that closed Dec. 3. Andrew Behrens and Scott Williams in CBRE’s San Francisco office arranged financing for the buyer.
Satori Residences is a newly built, five-story property in Denver’s Golden Triangle neighborhood. Located at 950 Lincoln Street, the property totals 27,954 square feet including 2,346 square feet of retail space with 26-foot ceilings. Due to COVID-19, construction was delayed on the project, and the sale closed prior to the building’s occupancy.
SACRAMENTO, CA - CBRE announced the $92.3 million sale of Alira Luxury Apartments, a 293-unit apartment community in the Natomas submarket of Sacramento, Calif. Stockton, Calif.-based multifamily development firm AG Spanos Companies sold the property to San Rafael, Calif.-based real estate investment firm Oakmont Properties in an off-market transaction that closed Thursday.
Marc Ross with CBRE’s Sacramento office brokered the sale. Andrew Behrens with CBRE Capital Markets’ Debt & Structured Finance group in San Francisco arranged financing on behalf of the buyer.
Located at 4100 Innovator Drive, the newly constructed community features best-in-class amenities including a rooftop deck, heated swimming pool and spa, barbecue areas, state-of-the-art fitness center, yoga studio with on demand fitness, hammock garden, gaming room and movie theater. The unit mix is comprised of upscale studio, one-, two- and three-bedroom apartments.
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