Colorado

Dwight Capital Provides $48.3M HUD-Insured Loan for Plaza at Pikes Peak Apartment Community in Colorado Springs

by Amy Works August 14, 2025

COLORADO SPRINGS, COLO. — Dwight Capital has provided a $48.3 million HUD 223(f) loan for The Plaza at Pikes Peak, a 215-unit apartment community in Colorado Springs. The refinance qualified for a reduced Green Mortgage Insurance Premium due to the property’s GreenPoint Rated Existing Homes & Multifamily Silver certification. Jonathan Pomper and Jack Tawil of Dwight Capital originated the transaction on behalf of the borrowers, Ryan Dunn of Dunn & Associates and Taylor Turano of Denver Land Co. Completed in 2022, the property comprises a five-story building and a four-story building with a unit mix of 43 studios, 134 one-bedroom and 38 two-bedroom units. Apartments offer smart home technology, quartz countertops, stainless steel appliances and private balconies or patios. Community amenities include a fitness center, swimming pool, hot tub, courtyard with a fire pit, dog park, pet wash, rooftop lounge, yoga and spin studios, storage lockers and coworking spaces.

August 14, 2025

Acquisitions Colorado Healthcare Western

CBRE Brokers Sale of 39,300 SF Medical Office Building in Littleton, Colorado

by Amy Works August 14, 2025

LITTLETON, COLO. — CBRE, on behalf of Broe Real Estate Group, has arranged the sale of Mineral Medical Plaza, a Class A medical outpatient building in Littleton. Terms of the transaction were not disclosed. Located at 1501 W. Mineral Ave., the two-story Mineral Medical Plaza offers 39,300 square feet of medical office space, including a multi-speciality surgery center. The property was repositioned in 2020, undergoing extensive renovations to be transformed into an outpatient healthcare center. Chris Bodnar, Brannan Knott, Mindy Berman, Zack Holderman, Cole Reethof, Trent Jemmett, Jessie Greshin and Blake Holcomb of CBRE represented the seller in the deal.

August 14, 2025

Acquisitions Colorado Mixed-Use Restaurant Retail Western

Platinum CRE Brokers $6.4M Sale of Mixed-Use Property in Castle Rock, Colorado

by Amy Works August 12, 2025

CASTLE ROCK, COLO. — Platinum Commercial Real Estate has arranged the acquisition of 600 and 695 Jerry Street in Castle Rock. PYFR LLC purchased the asset from RA Morrison LLC for $6.4 million. The property comprises a 25,380-square-foot, four-story mixed-use building and a 4,850-square-foot single-tenant restaurant. At the time of sale, the property was 93.7 percent occupied. Paul Cattin of Platinum CRE represented the buyer, while Campbell Davis, Parker Brown and Matthew Henrichs of CBRE represented the seller in the deal.

August 12, 2025

Acquisitions Colorado Office Retail Western

John Propp Commercial Negotiates $2.5M Sale of Office, Retail Property in Castle Rock, Colorado

by Amy Works August 7, 2025

CASTLE ROCK, COLO. — John Propp Commercial Group has arranged the sale of an office and retail building located at 734 Wilcox St. in Castle Rock. Seven34 LLC sold the asset to 2950 West Point Holdings LLC for $2.5 million. The two-story property offers 8,969 square feet of office and retail space, as well as parking. John Propp of John Propp Commercial Group represented the seller, while Andrew Monette of Pinnacle Real Estate represented the buyer. The buyer plans to operate the property as an investment.

August 7, 2025

Colorado Loans Multifamily Western

Mesa West Capital Provides $52M Refinancing for Multifamily Property in Westminster, Colorado

by Amy Works August 6, 2025

WESTMINSTER, COLO. — Mesa West Capital has provided an affiliate of Crow Holdings Capital with $52 million in short-term, floating-rate first mortgage debt to refinance Canyon Reserve at the Ranch, an apartment community in Westminster. The property is located at 2890 W. 116th Place. Built in 1984, the 17-building, garden-style asset was fully repositioned by the sponsor in 2022. Canyon Reserve at the Ranch features 256 one- and two-bedroom units with modern finishes, including stainless steel appliances, in-unit washers/dryers, walk-in closets and private outdoor spaces. Community amenities include a resort-style swimming pool, outdoor grilling area, fitness center and dog park.

August 6, 2025

Acquisitions Colorado Net Lease Restaurant Retail Western

Pinnacle Brokers $2.1M Sale of Starbucks-Occupied Retail Property in Westminster, Colorado

by Amy Works August 5, 2025

WESTMINSTER, COLO. — Pinnacle Real Estate Advisors has arranged the purchase of a freestanding, single-tenant retail property located at 1835 W. 120th Ave. in Westminster. Surreal Holdings acquired the asset for $2.1 million. Starbucks Coffee occupies the 2,162-square-foot property, which includes a drive-thru, on a net-lease basis. Elizabeth Morgan, Cody Stambaugh and Kyle Moyer of Pinnacle’s MorganStambaugh Group represented the buyer, while David Wirgler of Northmarq represented the undisclosed seller.

August 5, 2025

Acquisitions Colorado Florida Kentucky Montana Retail Southeast Top Stories Western

CBL Properties Acquires Four Enclosed Malls from Washington Prime Group for $178.9M

by Kristin Harlow July 30, 2025

CHATTANOOGA, TENN. — Chattanooga-based CBL Properties (NYSE: CBL) has acquired four enclosed regional malls from Washington Prime Group for $178.9 million. The properties include Ashland Town Center in Ashland, Ky.; Mesa Mall in Grand Junction, Colo.; Paddock Mall in Ocala, Fla.; and Southgate Mall in Missoula, Mont. CBL says it is focused on owning and managing successful enclosed malls in dynamic and growing middle markets. The deal suggests mall recovery extends beyond luxury properties, driven by limited retail construction since 2008, according to The Wall Street Journal. Ashland Town Center is a single-level mall that opened in 1989. Totaling more than 420,000 square feet, the property features more than 70 retailers and restaurants, including anchors JCPenney, Belk, T.J. Maxx, Ulta Beauty and Five Below. The center has undergone several renovations over the years, including a major redevelopment in the late 2000s that added a new JCPenney prototype store and updated amenities. The largest indoor shopping center in western Colorado, Mesa Mall spans roughly 733,000 square feet and is home to more than 120 stores and services. Anchor tenants include Cabela’s, Dillard’s, JCPenney, Target, HomeGoods and Dick’s Sporting Goods. Originally developed in 1980, the property has undergone several redevelopments to modernize …

July 30, 2025

Acquisitions Colorado Industrial Western

Malman Real Estate Brokers Sale of 31,140 SF Industrial Building in Denver

by Amy Works July 28, 2025

DENVER — Malman Real Estate has arranged the purchase of an industrial property located at 4995 Olive St. in Denver. Olive HQ LLC acquired the asset from Appleman LLC for $2.7 million. Jake Malman of Malman Real Estate represented the buyer, while Russell Gruber of Gruber Commercial Real Estate represented the seller in the deal.

July 28, 2025

Acquisitions Colorado Retail Western

Thrive Preschool Acquires 12,014 SF School Building in Commerce City, Colorado

by Amy Works July 25, 2025

COMMERCE CITY, COLO. — Thrive Preschool has purchased a school property, located at 10000 Chambers Road in Commerce City, for $3.5 million. The 12,014-square-foot property features modern classroom layouts, a fully fenced outdoor play area and ample parking. Thrive Preschool will open enrollment for the new location this fall. Kyle Moyer, Elizabeth Morgan and Cody Stambaugh of Pinnacle Real Estate Advisors represented the buyer in the deal.

July 25, 2025

Acquisitions Civic Colorado Western

Cushman & Wakefield, Berkshire Hathaway Broker $5M Sale of Former Public School in Loveland, Colorado

by Amy Works July 23, 2025

LOVELAND, COLO. — Cushman & Wakefield and Berkshire Hathaway have arranged the sale of 1500 Monroe Avenue, a former public school property in Loveland. Thompson School District sold the asset to St. John Paul II High School for $5 million. Built in 1963 on 6.6 acres, the 53,000-square-foot property was formerly utilized by Thompson School District. Travis Ackerman of Cushman & Wakefield and Jack Tretheway of Berkshire Hathaway represented the seller in the deal.

July 23, 2025

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