Colorado

Opus Development Receives $67M Refinancing for Multifamily Community in Denver

by Amy Works June 16, 2026

DENVER — Opus Development Co., along with an Ares Real Estate fund, has received a $67 million, three-year construction take-out loan from a national balance sheet lender for the refinancing of Kalaco, a 280-unit apartment property in Denver. Kristian Lichtenfels, Eric Tupler and Ellie Savage of JLL Capital Market’s Debt Advisory team secured the financing for the borrower. Delivered in August 2024, the six-story building features studio, one-, two- and three-bedroom apartments averaging 752 square feet. Units offer stainless steel appliances, luxe plank flooring, quartz countertops, walk-in closets, full-size washers and dryers, private patios and balconies. Community amenities include a 233-space parking garage, resort-style sundeck with pool and spa, fire pits and grilling stations, courtyard with lawns games, pet spa, outdoor dog run, two-level fitness center with yoga studio, coworking lounge, social lounge, game area, top-floor lounge/speakeasy, EV charging stations and bicycle storage/repair spaces. Kalaco is situated on 1.9 acres at 1010 W. Colfax Ave.

June 16, 2026

Shops-at-Highland-Walk-Highlands-Ranch-CO

Acquisitions Colorado Retail Western

Shea Properties Completes $37.1M Sale of Shops at Highland Walk in Highlands Ranch, Colorado

by Amy Works June 16, 2026

HIGHLANDS RANCH, COLO. — Shea Properties has completed the $37.1 million sale of Shops at Highland Walk, a 94,795-square-foot retail center in Highlands Ranch, located south of Denver. Regency Centers acquired the asset. Located at 4000 Red Cedar Drive, Shops at Highland Walk consists of two multi-tenant inline buildings flanking grocery anchor tenant King Soopers and four additional outparcel buildings on the perimeter. At the time of sale, the property was 98 percent leased to 17 tenants. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the deal.

June 16, 2026

Acquisitions Colorado Western

Pinnacle Real Estate Advisors Arranges Sale of 94,949 SF Plaza West at Aurora Town Center in Colorado

by Amy Works June 15, 2026

AURORA, COLO. — Pinnacle Real Estate Advisors has arranged the sale of the 94,949-square-foot Plaza West at Aurora Town Center, a retail center located at 13670 E. Alameda Ave. in Aurora. Denver-based Arileus Capital sold the asset to Rio Capital Investments for an undisclosed price. Justin Krieger of Pinnacle Real Estate Advisors represented the seller in the off-market transaction. Situated on 7.8 acres, the Plaza West at Aurora Town Center features a multi-tenant shopping center anchored by Harbor Freight Tools, Dollar Tree and King Buffett and a freestanding single-tenant drive-thru building occupied by Starbucks Coffee.

June 15, 2026

Acquisitions Colorado Development Industrial Western

Trammell Crow, PCCP Break Ground on 76-Acre Industrial Park in Thornton, Colorado

by Amy Works June 11, 2026

THORNTON, COLO. — Trammell Crow Co. (TCC) and joint venture partner Pacific Coast Capital Partners (PCCP) have broken ground on Crossroads 25, a Class A industrial park at the intersection of Interstate 25 and E-470. At full build-out, Crossroads 25 will span 1.1 million square feet across six buildings. Phase 1, totaling 828,000 square feet across four buildings, is slated for delivery in third-quarter 2027. Building 4, totaling 409,000 square feet, has been fully preleased. Buildings 1, 2 and 3 consist of 157,562, 171,242 and 90,096 square feet, respectively. The 32-foot clear front-park, rear-load buildings offer highway visibility from E-470 and I-25, 4,000 amps of power per building, oversized drive-in doors and trailer parking. Tyler Carner, Jeremy Ballenger and Keiffer Garton of CBRE represented the seller in the land acquisition. The CBRE team will also lead leasing efforts on behalf of TCC and PCCP. Simmons Bank provided construction financing for Phase 1. Ware Malcomb designed the project, with Murray & Stafford serving as general contractor.

June 11, 2026

Acquisitions Colorado Mixed-Use Office Retail Western

BMC Investments Sells 100,000 SF Mixed-Use Property in Denver

by Amy Works June 10, 2026

DENVER — BMC Investments has sold 255 Fillmore, a Class A mixed-use building in Denver’s Cherry Creek neighborhood. A high-net-worth family office acquired the asset for an undisclosed price. Tim Richey of Newmark represented the seller in the deal, while Lincoln Property Co. served as investment advisor for the buyer. Alex Foshay and Kevin Shannon of Newmark also supported the transaction. Delivered in 2024, 255 Fillmore features 90,000 square feet of office space and 10,000 square feet of ground-floor retail space. The seven-story property is fully leased to multiple office tenants and three retail/restaurant tenants, including Le Colonial restaurant.

June 10, 2026

Acquisitions Colorado Retail Western

JLL Brokers $12.1M Sale of Shopping Center in Fort Collins, Colorado

by Amy Works June 10, 2026

FORT COLLINS, COLO. — JLL Capital Markets has brokered the $12.1 million sale of Drake Crossing, a 56,214-square-foot retail center located at 2100 W. Drake Road Fort Collins. The three-building shopping center was 96 percent leased at the time of sale to a mix of local and national tenants, including Subway, Joseph’s Hardware Store, Intersect Brewery and Poudre Pet & Feed Supply. Alpine Investment Group sold the asset to Big Ben Funds and CAMCRE in an off-market transaction. Jason Schmidt and Austin Snedden of JLL Capital Markets Investment Sales and Advisory team represented the seller in the transaction.

June 10, 2026

Colorado Hospitality Loans Western

Stout Street Hospitality Receives Refinancing for Magnolia Hotel Denver

by Amy Works May 29, 2026

DENVER — Stout Street Hospitality has closed on refinancing for Magnolia Hotel Denver, a Tribute Portfolio Hotel by Marriott, in downtown Denver’s central business district. Mike Huth, Wyatt Krapf and Henry Winchester of JLL Hotels & Hospitality secured the loan through PPM America for the borrower. Originally constructed in 1910 as a First National Bank facility, the property was converted to a boutique hotel in 1995. Magnolia Hotel Denver features 297 guest rooms and suites with 12-foot ceilings and expansive windows, more than 13,450 square feet of flexible meeting and event space across 12 distinct venues, including the 3,800-square-foot 17th by Magnolia ballroom with a 25-foot-tall glass atrium ceiling and art deco-inspired decor. Additionally, the hotel includes Harry’s restaurant and bar serving seasonal American cuisine for three meals daily. Magnolia Hotel Denver serves as Stout Street Hospitality’s flagship property with the company’s corporate headquarters located in the building.

May 29, 2026

Arizona Colorado Indiana Loans Minnesota Multifamily Top Stories

Harbor Group, Garrett Cos., Telis Group Receive $351M Refinancing for Multifamily Portfolio

by Hayden Spiess May 28, 2026

NORFOLK, VA. — Affiliates of Harbor Group International, in partnership with The Garrett Cos. and Telis Group, have received a $351 million loan for the refinancing of an eight-property multifamily portfolio across four states. ACRE, a vertically integrated real estate fund manager, provided the financing. Totaling 1,573 units, the portfolio is located in Arizona, Colorado, Indiana and Minnesota, with properties in the Denver, Colorado Springs, Phoenix, Indianapolis and Minneapolis metropolitan areas. The communities included in the portfolio were developed between 2024 and 2026 and are part of a larger, 11-property portfolio that was refinanced by the borrowers in January 2025. Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Rimer, Michael Ianno, Nicholas Gillhooley, Craig West, Kevin Walsh and Holden Barry of Walker & Dunlop Capital Markets secured the loan on behalf of the borrowers. “This refinancing represents another important milestone for the portfolio and highlights the collaborative approach among all parties involved,” says Eric Garrett, CEO of The Garrett Cos. “We continue to see strong operating performance across the assets and remain confident in the long-term fundamentals supporting these markets.” Headquartered in Norfolk, Va., Harbor Group International is a privately owned global real estate investment and management …

May 28, 2026

Acquisitions Colorado Industrial Western

Marcus & Millichap Arranges $4.5M Sale of Flex Industrial Property in Colorado Springs

by Amy Works May 26, 2026

COLORADO SPRINGS, COLO. — Marcus & Millichap has negotiated the sale of a flex industrial building located at 3450 N. Nevada Ave. in Colorado Springs. A private investor group based in California and New York acquired the property for $4.5 million. Max Rist and Brandon Kramer of Marcus & Millichap’s Denver office represented the seller, a Colorado Springs-based private partnership, in the deal. Built in 1966 on 2.8 acres, the 54,882-square-foot industrial/flex asset is configured into two functional suites, allowing for single-user or multi-tenant occupancy. The buyer plans to redevelop the property to better accommodate modern industrial tenant requirements.

May 26, 2026

Acquisitions Colorado Industrial Western

NorthPeak Commercial Advisors Arranges Sale of 5,040 SF Industrial Building in Castle Rock, Colorado

by Amy Works May 20, 2026

CASTLE ROCK, COLO. — NorthPeak Commercial Advisors has negotiated the sale of an industrial property located at 1810 Park St. in Castle Rock. The 5,040-square-foot asset traded for $1.3 million, or $251 per square foot. Andrew Berk and Kevin Calame of NorthPeak Commercial Advisors represented the buyer and seller in the deal.

May 20, 2026

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