Colorado

Brinkmann, Cohen-Esrey Complete 113-Unit Panorama Heights Affordable Housing Community in Colorado Springs

by Amy Works March 31, 2025

COLORADO SPRINGS, COLO. — A partnership between Brinkmann Constructors and Cohen-Esrey Development Group has completed Panorama Heights, a 160,000-square-foot affordable housing community in Colorado Springs. Panorama Heights offers 113 apartments, 19,000 square feet of below-grade parking, a dog wash station, dog park, bicycle room, fitness room, playground and a community room with a patio. Designed by Davis Partnership Architects, the sustainable all-electric building features rooftop solar arrays. Located in southeast Colorado Springs, property is one of the first of its kind to secure tax-increment financing through an Urban Renewal Authority, receive development and utility fee rebates and include 15 units reserved for low-income veterans referred by Pikes Peak Continuum of Care.

March 31, 2025

Acquisitions Colorado Hospitality Western

NorthPeak Commercial Brokers Sale of Inn the Clouds Hostel & Inn in Leadville, Colorado

by Amy Works March 31, 2025

LEADVILLE, COLO. — NorthPeak Commercial Advisors has arranged the sale of Inn the Clouds Hostel & Inn in Leadville. The asset traded for $1.5 million, or $108,286 per room. Located at 500 E. 7th St., the property offers 14 rooms. Dan Hawthorne of NorthPeak Commercial Advisors represented the undisclosed seller in the deal.

March 31, 2025

Colorado Development Industrial Western

United Properties Procures $20.1M JV Equity for 442,450 SF Industrial Project Near Denver

by Amy Works March 26, 2025

CENTENNIAL, COLO. — Cushman & Wakefield served as the exclusive advisor to United Properties in the procurement of a $20.1 million joint venture equity investment for Phase I of INOVA, a Class A multi-tenant industrial project being constructed in Centennial. The planned 442,450-square-foot project will consist of five shallow-bay, rear-load industrial buildings on nearly 43 acres, with each building on a separate parcel. Phase I of INOVA will include a 141,480-square-foot building and a 113,770-square-foot building on individual parcels, totaling 255,250 square feet of industrial space. Phase II is currently planned to be two 93,600-square-foot front-park, rear-load buildings, totaling 187,200 square feet. The project also includes an additional vacant 5-acre pad site that can house a 43,700-square-foot freestanding building, which is being targeted for a build-to-suit user. Will Strong, Michael Matchett, Molly Hunt, Jack Stamets and Madeline Warren of Cushman & Wakefield’s National Industrial Advisory Group — Mountain West represented United Properties in the equity transaction. Tyler Smith, Alex Rhodes and Aaron Valdez of Cushman & Wakefield provided local advisory services for the assignment and will represent the venture in leasing the project.

March 26, 2025

Acquisitions Colorado Retail Western

White Line Investments Acquires 2,818 SF Retail Building in Castle Rock, Colorado

by Amy Works March 20, 2025

CASTLE ROCK, COLO. — White Line Investments has purchased a 2,818-square-foot retail property at 21 N. Wilcox St. in Castle Rock. GPC LLC sold the asset for $1.3 million, or $479.06 per square foot. Built in 2021, the property is currently occupied by Granelli’s Pizzeria and Oasis Pet Salon. Charlie Cummings of Innovate Commercial Real Estate represented the buyer, which is a newly formed entity comprised of the property’s current tenants. John Propp of John Propp Commercial Group represented the seller in the deal.

March 20, 2025

Acquisitions Colorado Multifamily Western

NorthPeak Commercial Arranges $10.8M Sale of Multifamily Property in Denver

by Amy Works March 17, 2025

DENVER — NorthPeak Commercial Advisors has directed the sale of The Patrician, an apartment property at 1075 Corona St. in Denver. The asset traded for $10.8 million. Built in 1955, The Patrician offers 36 over-sized apartments, a 23-car underground garage and a landscaped courtyard. Greg Johnson and Conner Piretti of NorthPeak Commercial handled the transaction on behalf of the undisclosed buyer and seller.

March 17, 2025

Colorado Development Industrial Western

VanTrust Enters Colorado Market with 363,955 SF Industrial Development in Monument

by Amy Works March 14, 2025

MONUMENT, COLO. — VanTrust has broken ground for the construction of Falcon Commerce Center, a two-building Class A industrial development in Monument. The buildings offer a total of 363,955 square feet of industrial, warehouse and distribution space. The project is VanTrust’s first venture in the Colorado market. Falcon Commerce Center will include the 249,633-square-foot Building A and 114,322-square-foot Building B. Building A will be the area’s first cross-dock speculative facility, while Building B will feature a rear-load dock. Building B is slated for completion in first-quarter 2026, with Building A scheduled for delivery in second-quarter 2026. VanTrust is partnering with CP Real Estate Capital on the project. Randy Churchill of NAI Highland Commercial and Carmon Hicks of JLL are handling leasing for Falcon Commerce Center.

March 14, 2025

Acquisitions Colorado Mixed-Use Office Restaurant Retail Western

Revitalization Unlimited Acquires 34,160 SF Mixed-Use DeGraff Building in Colorado Springs

by Amy Works March 13, 2025

COLORADO SPRINGS, COLO. — Revitalization Unlimited has purchased The DeGraff Building, a mixed-use property at 118 N. Tejon St. in Colorado Springs. Terms of the transaction were not released. The four-story, 34,160-square-foot building features 18 rental units, 16 of which are currently leased. For the past decade, Oskar Blues Grill & Brew has occupied the first floor and basement, while the upper floors are used as office space. Built in 1897, The DeGraff Building is listed on the National Register of Historic Places.

March 13, 2025

Colorado Development Loans Multifamily Western

First Stone Development Receives $15.8M in Construction Financing for Multifamily Project in Denver

by Amy Works March 12, 2025

DENVER — First Stone Development has received $15.8 million in financing for the construction of The Jasper, a multifamily property at 4353 Tennyson St. in Denver. Phillip Gause and Jim Wilkins of Marcus & Millichap Capital Corp.’s Denver office secured $2 million in preferred equity and $13.8 million in debt for the borrower. The construction loan was placed with a debt fund and features a two-year term. Situated in Denver’s Berkeley neighborhood, The Jasper will offer 34 apartments and 2,700 square feet of street-level retail space.

March 12, 2025

Acquisitions Colorado Retail Western

Pinnacle Real Estate Advisors Brokers $2.3M Sale of Retail Center in Superior, Colorado

by Amy Works March 12, 2025

SUPERIOR, COLO. — Pinnacle Real Estate Advisors has brokered the $2.3 million sale of a 7,512-square-foot retail strip center and liquor store business at 1679 Coalton Road in Superior. Levi Saxen and Jack Eberwein of Pinnacle Real Estate Advisors represented the buyer and seller in the off-market transaction. The names of the buyer and seller were not released.

March 12, 2025

Acquisitions Colorado Multifamily Western

Confluence Cos. Purchases Apartment Community in Golden, Colorado for $47.5M

by Amy Works March 10, 2025

GOLDEN, COLO. — Confluence Cos. has purchased West 8th, a multifamily property in Golden, from MIG Real Estate for $47.5 million. Located at 1410 8th St., West 8th offers 99 apartments. David Potarf, Dan Woodward, Matt Barnett and Jake Young of Walker & Dunlop Denver Investment Sales handled the transaction for the seller and buyer.

March 10, 2025

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