GOLDEN, COLO. — Unique Properties/TCN Worldwide has negotiated the sale of 2801 Youngfield Street, an 97,992-square-foot office building in Golden, a western suburb of Denver. HGN Realty sold the asset to an undisclosed buyer for $6.5 million. Rachel Colorosa and Zach Schuchman of Unique Properties/TCN Worldwide represented the seller in the off-market transaction.
— By Adam Riddle of MMG Real Estate Advisors — After a difficult stretch, Denver’s rental market is showing signs of relief. Absorption picked up sharply in the second quarter, with renters absorbing more new apartments than developers delivered. This is the first time that’s happened on a trailing 12-month basis since late 2021. It’s a meaningful shift after two years defined by heavy construction and soft pricing. The supply wave that pressured the market is receding. New deliveries are down nearly 40 percent from a year ago, and the number of units still under construction has shrunk to less than 4 percent of existing inventory, well below the 2023 high of around 11 percent. A handful of submarkets, particularly Englewood/Littleton, still carry a sizable pipeline worth watching, but for most of the metro, the worst of the construction overhang appears to be behind it. Rent trends have been the last piece to catch up. Average effective rents are still down from a year ago, a lingering effect of the concessions landlords leaned on to fill units during the delivery wave. Thankfully, the quarterly trend has turned positive for two straight quarters now. Occupancy is climbing too, albeit gradually. Taken …
DENVER — PAULS has purchased Regency Plaza, a 15-story office tower located at 4643 S. Ulster St. in Denver Tech Center, from Granite Properties for an undisclosed price. The acquisition marks a return of ownership for Regency Plaza, which was previously owned by PAULS. Originally built in 1985 and repositioned in 2020, Regency Plaza offers 335,908 square feet of office space that is 83 percent leased, with more than 176,000 square feet of new leases executed since early 2024. The asset features a renovated lobby, an outdoor plaza, a fitness center, training facility and an onsite restaurant/market. Tim Richey and Jack Richey of Newmark represented the seller in the deal. Collegiate Peaks Bank, a division of Glacier Bank, provided acquisition financing with a fixed-rate loan. Colliers will continue to handle leasing for the property.
DENVER — Griffis Residential has received $86 million in financing for Griffis Union Station, a Class A apartment property in Denver. Eric Tupler, Kevin Barron and Jake Martin of JLL Capital Markets secured the five-year senior agency loan for the borrower. Completed in 2010, the five-story Griffis Union Station features 400 one- and two-bedroom apartments, averaging 918 square feet. A portion of the units have been fully renovated and feature new countertops, backsplashes, stainless steel appliances and improved lighting. Community amenities include a fitness center, resort-style pool, clubhouse, resident lounge, business center, game room and grilling stations, as well as a dog park and pet washing station. Griffis Union Station is situated on 4.9 acres at 2905 Inca St. in the heart of downtown Denver and close to LoDo, the Ballpark District and RiNo Arts District.
AVON, COLO. — Denver-based developer Grand Peak, in partnership with Silverton Holdings, a Braselton, Ga.-based developer specializing in hospitality projects, has broken ground on The Summit. The 164-unit community is situated in Avon, approximately 106 miles west of Denver and about 10 miles west of Vail. Civitas Capital Group provided an undisclosed sum of construction financing for the project, which will include 16 workforce housing units reserved for tenants earning no more than 100 percent of the area median income. Amenities will include a fitness center, game room, dedicated ski and gear storage, three hot tubs, outdoor courtyards and lounge areas, remote work office space and an underground heated parking garage. Completion is slated for 2029.
STEAMBOAT SPRINGS, COLO. — Stockman Development, led by Marquee Development, has secured $482.5 million in financing from GoldenTree Asset Management to advance The Stockman, Auberge Collection, which recently broke ground at the base of Steamboat Resort in Steamboat Springs. The financing comes amid early residential demand for the project, with more than 25 percent of residences under contract since sales launched earlier this summer. The early sales includes four of the project’s rooftop Barn residences, including a $19 million residence. The Stockman, Auberge Collection will include 95 ski-in, ski-out private residences and a 59-key Auberge Collection hotel. Amenities will include culinary venues, slope-side après, a full-service Wellbeing by Auberge spa and pool, ski valet and year-round programming. Located at 1965 Ski Time Square Drive, the nine-story property will offer the only luxury branded ski-in, ski-out residences in Steamboat Springs. The hotel and residences are slated to open simultaneously in 2030. The Stockman development marks Marquee Development’s expansion into the mountain sector. The Chicago-based developer is known for creating mixed-use destinations anchored by sports and entertainment.
DENVER — Brennan Investment Group has purchased 5050 Ironton, an industrial building on 8.7 acres within Montbello Industrial Park in Denver’s northeast industrial submarket. Terms of the transaction were not disclosed. Originally constructed in 1970, the 136,744-square-foot concrete and masonry facility features 18- to 26-foot clear heights, 13 dock-high doors, four drive-in doors, potential rail service, heavy industrial zoning and excess acreage with secure outdoor storage. The property is fully leased to a building products distributor that has occupied the building since the early 2000s. The building can accommodate either a single tenant or a two-tenant configuration.
— By Tony Pierangeli of SRS Real Estate Partners — On the surface, Denver’s retail real estate market looks healthy. Vacancy remains low, rents have held firm and investment activity has strengthened. Industry sources reported a vacancy rate between 4 percent and 5 percent in the second quarter of 2026. The market has recently added a couple of new-to-market retailers, and grocery remains one of the most active and consistent segments. Grocery-anchored centers, convenience-oriented retail and quick-service concepts continue to expand, providing a strong foundation for the market. But the statistics don’t tell the entire story. Beneath the surface, a growing number of retailers, developers and landlords are confronted with a fundamental challenge: the economics of new retail development have become increasingly difficult to pencil. Construction costs remain elevated, municipal fees have increased, financing remains expensive, and protracted zoning and permitting processes add significant time and uncertainty to a project. Colorado’s property tax structure can also contribute to high triple-net expenses for retailers. At the same time, state and local requirements related to electrification, EV charging, composting and higher wages can add to operating and development costs, making the market less competitive for some concepts. The result is a market …
DENVER — California-based FPA Multifamily has purchased a three-building, 237-unit multifamily portfolio in Denver for an undisclosed price. The sellers are the original owners of the buildings doing business as 2580 South University Co. LLC, 2550 South University Co. and 2512 South University Co. Justin Hunt and Andy Hellman of CBRE represented the sellers and original owners of the properties in the deal. The portfolio includes: The sellers recently renovated about a dozen units across the portfolio. The units include air conditioning, dishwashers and oversized private balconies. The buildings share an amenity package, including a clubhouse, pool, sauna, community kitchen, billiards, ping pong table and parking garages. Additionally, Tabor House offers a fitness center and Heritage House and Post House offer steam rooms.
AURORA, COLO. — AdventHealth has opened AdventHealth Aurora Highlands, a medical campus within the The Aurora Highlands that will open to patients on Tuesday, Sept. 29. Located at 3405 N. Main St., AdventHealth Aurora Highlands emergency room and medical office building is the first phase of a planned, dual-phase medical campus. The 88,000-square-foot facility includes a 24-hour freestanding emergency room, outpatient imaging and clinic services. The campus will offer a freestanding emergency department with eight exam rooms, two trauma exam rooms and a helipad; outpatient imaging services, including CT, ultrasound and X-ray, with plans to add MRI services in the future; primary care, orthopedic, cardiology and OB/GYN services; and additional clinic space to support future growth. AdventHealth Aurora Highlands is equipped with 96 geothermal wells, each extending approximately 500 feet underground. Together the wells provide up to 240 tons of heating and cooling capacity, helping reduce energy use and carbon emissions. The new campus is part of AdventHealth’s long-term commitment to growing access to healthcare as The Aurora Highlands submarket expands. Future campus development plans will include a 50- to 75-bed hospital with an anticipated Level III trauma center designation. The project team includes HKS as architect of record, SmithGroup as …
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