Colorado

DENVER — The U.S. commercial real estate industry is currently experiencing a mixed bag of demand generators and property-level performance, according to Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver. IRR’s conclusions are expanded in Viewpoint 2026, the 33rd edition of the firm’s commercial real estate trends report. “As we enter 2026, we see that the economic environment is becoming more stable, but growth is slower and visibility remains limited,” says Nick Luettke, economist at Moody’s Analytics. “Inflation has eased from recent peaks and interest rates have started to trend lower, however, borrowing costs remain elevated relative to prior cycles. With labor markets softening and policy uncertainty still at play, economic conditions are supportive in some areas but restrictive in others, contributing to uneven performance across the U.S. commercial real estate market.” IRR partnered with Luettke for the macro-economic trends within the report and sought contributions from nearly 600 valuation advisors in the United States and Caribbean. The report delivers sector-specific insights along with three specialty property reports on healthcare and seniors housing, quick-service restaurants and self-storage. Some key findings and forecasts from the main report include: the sustained poor fundamentals within the highly fragmented …

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AURORA, COLO. — Kennedy Wilson (NYSE: KW) has acquired The Fletcher Southlands in Aurora’s Southlands submarket for approximately $94.8 million from CBRE Global Investors. JLL Capital Markets has arranged a $61.8 million Freddie Mac acquisition loan for Kennedy Wilson. Brandon Smith, Annie Rice, Mark Wintner and Tony Nargi led the JLL team. The Fletcher Southlands, located at 22959 E. Smoky Hill Road, was built in 2001 on a 23-acre site and features one- to four-bedroom units and amenities that include a pool and hot tub, fitness and business centers, a gaming area, covered parking, a dog park, package lockers, grills, valet trash services, a complimentary coffee bar and free Wi-Fi in common areas.

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DENVER — Opus, along with co-developer Miller Global Properties and equity investor Principal Asset Management, has completed the construction of The Bellwether, a LEED Silver-certified multifamily property within The Denver Tech Center. Located at 7831 E. Union Ave. in Denver, the seven-story apartment complex, which replaced a underutilized surface parking lot, features 253 studio, one-, two- and three-bedroom apartments. Units offer quartz countertops, wood-steel flooring, smart home features, tile bathroom shower surrounds, front-loading washers and dryers, premium plumbing fixtures and walk-in closets. The community offers controlled access and digital guest entry and a combination of surface and garage parking with 58 electric vehicle charging stalls. Additional amenities include work-from-home space, a fitness center and yoga studio, pool and outdoor area, clubroom with a kitchen, private dining and lounge area, a game room, speakeasy and landscaped pond area with walking paths and dog stations. Opus and Miller Global Properties developed the property in a joint venture with Principal Asset Management. Opus served as design-builder and architect of record for the project, and Lamar Johnson Collaborative served as interior designer. Greystar is serving as property manager and handling leasing of the community.

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LONGMONT, COLO. — DoubleBay Partners and Midloch Investment Partners have completed the $13.9 million sale of 1630 Pace Street, a retail space situated within Fox Creek Marketplace in Longmont. Mark Thiel and Cory Gross of Marcus & Millichap facilitated the transaction. The name of the buyer was not released. VASA Fitness occupies the 56,000-square-foot space.

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BURLINGTON, COLO. — Senior Living Investment Brokerage (SLIB) has arranged the sale of a 44-bed skilled nursing facility in Burlington, a city in eastern Colorado. The building totals roughly 25,003 square feet. A group of California-based investors sold the property to a Colorado-based owner and operator for an undisclosed price. Vince Viverito, Jason Punzel, Jeff Binder and Nick Cacciabando of SLIB brokered the transaction. 

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FORT COLLINS, COLO., AND MERIDIAN, IDAHO — The Milestone Group has purchased two apartment properties in Colorado and Idaho totaling 602 units. Terms of the transactions were not released. Milestone acquired Bucking Horse Apartments, a 322-unit, garden-style asset within the 160-acre Bucking Horse master-planned community in Fort Collins. The property features low-density residential buildings offering one-, two- and three-bedroom units, as well as three-bedroom garage townhomes. Additionally, Milestone purchased Prelude at Paramount, a 280-unit garden-style property in Meridian. The resort-style community features one-, two- and three-bedroom units with smart home technology and recently renovated common area amenities.

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ENGLEWOOD AND SHERIDAN, COLO. — A joint venture between ErvoSquare and Matrix Group has purchased a 10-building small-bay industrial portfolio in Englewood and Sheridan for $33.4 million, or $130.91 per square foot. Michael DeSantis and Brett MacDougall of Unique Properties Inc. / TNC Worldwide represented the buyer in the deal. Situated on 13.9 acres, the 225,150-square-foot portfolio features small-bay industrial units ranging from approximately 1,840 square feet to 8,000 square feet. A majority of the units include drive-in doors. At the time of sale, the portfolio was 90 percent occupied. The new ownership group plans to complete extensive capital improvements across the portfolio, including roof replacements, mechanical system upgrades, interior renovations, parking lot improvements and exterior paint.

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LITTLETON, COLO. — Pinnacle Real Estate Advisors has arranged the sale of a retail property located at 2885 W. County Line Road in Littleton. The asset traded for $5.9 million. Robert Lawson and Paul Nora of Pinnacle Real Estate Advisors handled the transaction. The undisclosed new ownership will use the property, which is a former Harley-Davidson dealership, to expand its operations.

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LONGMONT, COLO. — McWhinney and Livmark Communities have broken ground on Mountain Brook Flats, a 200-unit apartment property in Longmont. The $71 million project will feature 10 three-story, 20-unit buildings offering one-, two- and three-bedroom apartments with high-quality finishes, oversized balconies and garage parking. Community amenities will include the Mountain Brook Clubhouse offering a pool with swim lanes, a splash pad, fitness center with yoga studios, outdoor fireplace and seating area, tavern lounge, tennis and pickleball courts and pocket parks that connect the community. Construction started this month, with lease-up slated to commence in 2027. Landmark Construction, a Livmark Communities affiliate company, will serve as the general contractor.

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THORNTON, COLO. — Continental Realty Corp. (CRC) has acquired Thornton Town Center, a neighborhood shopping center in Thornton, from Citivest Commercial Investments for $25.5 million. Brad Lyons of CBRE represented the seller in the transaction. Located at 9223-1001 and 1005 Grant St., the 266,008-square-foot retail center was 73 percent leased at the time of sale. Current tenants include Malibu Jack’s, The Picklr, Sky Zone Trampoline Park, GNC, Jersey Mike’s Subs, Renegade Burrito, Sally Beauty and Starbucks Coffee. CRC plans to implement a property improvement strategy for the asset, which was built in 1990 on 24 acres.

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