SUPERIOR, COLO. — Pennrose has broken ground on Kite Route Crossing, a 50-unit affordable multifamily property for residents age 55 and older in downtown Superior. Slated to open in summer 2027, the asset will be the first income- and rent-restricted residential community in the town. Kite Route Crossing will offer 44 one-bedroom and six two-bedroom units available at 30 percent to 70 percent of the area median income. Apartments will include modern kitchens with hard-surface counters, Energy Star appliances, luxury vinyl flooring, bedrooms with walk-in closets, storage closets and Juliet balconies in select units. Community amenities will include covered parking and ground-floor amenity space, including onsite property management and maintenance, a community room, an open-concept lobby, activity room, indoor bike storage, pet washing station, package room and a fitness center. The $26.3 million development is financed by federal and state housing tax credits allocated by the Colorado Housing and Finance Authority and purchased by Hudson Housing Capital and JP Morgan Chase. JP Morgan Chase provided a senior construction loan and Berkadia provided a permanent loan. The Colorado State Division of Housing, Department of Local Affairs, Boulder County, the Town of Superior and the Community Foundation of Boulder County all provided financial …
LITTLETON, COLO. — Vista Residential Partners has closed on financing for the development of Highline Vista, a four-story garden-style multifamily property in Littleton. Vertical construction is slated to commence in August 2026, with first residents scheduled for mid-2027 and full completion for late 2027. Situated approximately 14 miles south of downtown Denver, Highline Vista will offer 172 studio, one-, two- and three-bedroom apartments spread across three four-story residential buildings on 5.6 acres. Apartments will feature stainless steel appliances, quartz countertops, vinyl plank flooring, nine-foot ceilings, in-unit washers/dryers and open layouts. Planned community amenities will include a 3,500-square-foot clubhouse with fitness and business centers, a resort-style pool with cabanas and grilling areas, multiple outdoor amenity pavilions and a community park. Apex Multifamily Construction, a Vista affiliate, is serving as general contractor, and Rosemann Architects is designing the project.
DENVER — United Properties has broken ground on Amira Lowry, a 55-plus active adult community in Denver’s Lowry neighborhood. The four-story property will feature 154 rental residences ranging from alcove studios to two-bedroom-plus-den layouts, all including in-unit laundry, private balconies and storage space. Community amenities will include fitness and wellness spaces, create activity rooms, indoor lounges, exterior gardens, walking paths and outdoor courtyards. The development will also feature a secure, attached parking garage, a bike lounge and outdoor gear storage. Weis Builders is constructing the project. Keegan Mulry House is curating the interior design and furnishings. Amira Lowry is Phase I of a two-phase plan for the site. Future plans include the addition of adjacent villa-style homes that are subject to required approvals.
HAWTHORNE, CALIF., WAIPAHU, HAWAII, AND DENVER — Talonvest Capital has arranged $42.6 million in permanent financing across three self-storage properties on behalf of The William Warren Group. The sponsor is a privately held national real estate investment firm specializing in self-storage development, acquisition and management. The financing includes:
CENTENNIAL, COLO. — Cabot Properties has completed the disposition of a single-tenant manufacturing facility at 6284 S. Nome Court in Centennial. The Koll Co. acquired the asset for $21.5 million. Situated on 7.4 acres, the 112,500-square-foot property features specialized infrastructure designed for precise manufacturing operations. Built in 1996, the concrete tilt-up building offers front-loading dock access with seven docks, a clear height of 22 feet and a 6,000-amp electrical capacity. Additionally, the asset offers a 125-foot truck court with concrete apron, 104 auto parking spaces, wet fire protection systems and a mix of T5 and T12 lighting throughout the warehouse space. Plastic Design & Manufacturing Co., operating as Plastic Molding Technology, has occupied the facility since 1997. The company specializes in custom plastic molding solutions, including thermoforming and precision injection molding. Peter Merrion and Rob Key of JLL Capital Markets represented the seller in the transaction.
LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the $3.5 million sale of two retail properties in Littleton. Totaling 8,558 square feet, the properties are the Kauer Building at 2500 W. Main St. and an Art Deco-style building at 5711 S. Nevada St. The buildings were fully leased at the time of sale. R.C. Myles and Craig Myles of Pinnacle’s MB Team, along with Eric Shaw of Pinnacle Real Estate Advisors, represented the undisclosed sellers in the deal. The name of the buyer was not released.
STERLING, COLO. — Extended Stay America has opened Extended Stay America Select Suites – Sterling, an extended-stay hotel located at 2500 E. Chestnut St. in Sterling. Developed by Colorado Hospitality Services, the two-story property features 104 suites with full kitchens, including a stovetop, microwave and full-size refrigerator. Onsite amenities include guest laundry, complimentary Wi-Fi, an indoor swimming pool, a recreation room with pool tables and foosball.
LONGMONT, COLO. — Thompson Thrift has completed the sale of Notch66, a 336-unit apartment property in Longmont. Scottsdale, Ariz.-based The Wolff Co., through its core-plus acquisition vehicle, purchased the asset for an undisclosed price. Developed with equity from Watermark 2021 Development Fund III, Notch66 features one-, two- and three-bedroom apartments with quartz countertops, stainless steel appliances, hardwood-style flooring, full-size washers/dryers, walk-in closets and private yards and detached garages in select units. Community amenities include a clubhouse with resident gathering spaces, a heated resort-style swimming pool, a fully equipped fitness center, community-wide Wi-Fi and a dog park. At the time of sale, the property was 93 percent leased. Situated on 18.4 acres at 2514 Main St., Notch66 was completed in June 2024. Shane Ozment, Terrance Hunt, Chris Hart and Brad Schafer of CBRE represented the seller in the deal.
COMMERCE CITY, COLO. — Lincoln Property Co. has received $77.1 million in total project financing for Commerce Yards, a Class A industrial development located at 9401 Heinz Way in Commerce City. JLL secured the financing package, which included a joint venture from a confidential partner and a construction loan from First Horizon Bank. JLL’s Peter Merrion, Rob Key and Will Mogk led the equity placement process. Leon McBroom and Jim Curtin of JLL executed the debt placement for the borrower. Spanning 46 acres, the low-coverage warehouse project will offer 466,00 square feet of industrial space spread across three buildings ranging from 113,000 square feet to 200,000 square feet, with 14 acres of dedicated secured yard space for outdoor storage. The project’s zoning allows 50 percent of the site for outdoor storage. Each building will offer 28- to 32-foot clear heights with rear-load configurations, generous loading positions and 4,000 amps of power. Additionally, the property is rail-serviceable and located within an Enterprise Zone, offering tax benefits to tenants. Construction is slated to begin in April, with completion expected by May 2027.
ENGLEWOOD, COLO. — Knightsbridge Capital and Westside Investment Partners have acquired 400 Inverness, a Class A office building in Englewood. Terms of the transaction were not released. JLL represented the undisclosed seller in the sale, while Colliers advised the seller on leasing. The buyers received acquisition financing through FirstBank, now part of PNC Bank. Located at 400 Inverness Parkway, 400 Inverness offers 112,198 square feet of office space that was originally built in 1997 and most recently renovated in 2025. At the time of acquisition, the property was 93 percent occupied. The ownership group plans to implement a value-enhancement program focused on building upgrades, as well as pursuing proactive leasing initiatives to strengthen the property’s long-term tenancy and cash flow profile.
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