REBusinessOnline

PointOne Holdings, Stillwater Capital to Develop 330-Unit Spring Ranch Apartments in Colorado Springs

COLORADO SPRINGS, COLO. — PointOne Holdings has partnered with Stillwater Capital to develop Spring Ranch Apartments, a multifamily community located in Colorado Springs.Totaling 330 units, Spring Ranch will feature a three-acre quad located between the main two buildings that will feature a pool, outdoor kitchens and fire pits, walking gardens and views of the Rocky Mountains. The property will also offer a fitness center and co-working facilities for residents.The joint venture …

Colorado, Development, Multifamily, Western

NAI Shames Makovsky Brokers $3.1M Sale of 7-Eleven-Occupied Property in Berthoud, Colorado

BERTHOUD, COLO. — NAI Shames Makovsky has arranged the sale of a retail property located at 1111 Mountain Ave. in Berthoud, a small town near Fort Collins. 1111 Mountain Ave LLC sold the asset to 655 South Boulder LLC for $3.1 million.7-Eleven occupies the 4,067-square-foot building on a triple-net-lease basis. Paul Cattin and Samuel Cohen of NAI Shames Makovsky represented the seller, while Robert Edwards of Blue West Capital represented the buyer in the

Acquisitions, Colorado, Net Lease, Retail, Western

Hall Structured Finance Arranges $55.6M Construction Loan for Dual-Branded Marriott Hotel Project in Colorado Springs

COLORADO SPRINGS, COLO. — Dallas-based Hall Structured Finance (HSF) has closed a new first lien construction loan totaling $55.6 million to finance the development of a dual-flagged Marriott hotel property in downtown Colorado Springs. Construction is currently underway for the Springhill Suites/Element Hotel, which will offer a total of 261 guest rooms.The project is a joint venture between Olive Real Estate Group, Hotel Equities, Hotel Operations Services and Colarelli Construction. …

Colorado, Development, Hospitality, Loans, Western

Colliers Brokers $65M Sale of Enchanted Springs Apartments in Colorado Springs

COLORADO SPRINGS, COLO. — Colliers Multifamily Advisory Group has arranged the sale of The Enchanted Springs Apartments, a multifamily property located at 3281 Divine Heights in Colorado Springs. A private investor sold the property to Hamilton Zanze for $65 million, or $325,000 per unit.Built in 2020, Enchanted Springs features 200 apartments, an indoor fitness center, clubhouse, resort-style swimming pool, spa and business center.Bill Morkes, Craig Stack and Keegan Hofer of Colliers …

Acquisitions, Colorado, Multifamily, Western

Colliers Mortgage Provides $15.9M HUD Loan for Multifamily Development in Grand Junction, Colorado

GRAND JUNCTION, COLO. — Colliers Mortgage, part of Colliers International | U.S., has closed a $15.9 million HUD 213 loan for the new construction of Village Cooperative of Grand Junction, an age-restricted cooperative project in Grand Junction.The 62-unit property will be age restricted to residents with heads of household 62 years of age or older. The community will include community decks, outdoor fire pits, interior bar areas and a fitness center.The 40-year, fully amortizing loan …

Colorado, Loans, Multifamily, Seniors Housing, Western

Berkadia Arranges $18M Apartment Property Sale in Loveland, Colorado

LOVELAND, COLO. — Berkadia has negotiated the sale of The Gallery Flats, a mid-rise multifamily property in Loveland, about 50 miles north of Denver. The property sold for $18 million, or $273,485 per unit, the highest price per unit ever achieved for a multifamily asset in Loveland.Built in 2014 and located at 585 N. Lincoln Ave., The Gallery Flats comprises 66 units and features high ceilings, washers/dryers, energy-efficient appliances, plank flooring, a media room, clubhouse, fitness …

Colorado, Multifamily, Western

PGIM Real Estate Provides $77M Loan for Refinancing of Mixed-Use Development in Boulder, Colorado

BOULDER, COLO. — PGIM Real Estate has provided a $77 million loan to the joint venture of The John Buck Co., Kinship Capital and Element Properties for the refinancing of two newly constructed properties in Boulder. Both properties are part of the brand new S’PARK community located 30 miles northeast of Denver.The first property, Timber, features 150 luxury multifamily units and 2,000 square feet of ground-level retail. The second property, Market, features 42,000 square feet of office …

Colorado, Loans, Mixed-Use, Western

IG Logistics Acquires Industrial Property in Denver for $21M

DENVER —IG Logistics LLC has acquired the Lipan Street Industrial Park in Denver from EP Investments LLC for $21 million. The 34-acre industrial site includes outside storage, trailer parking, a fueling station and a truck maintenance facility.Freeman Expositions, an event services provider, and System Transport, a West Coast-based flatbed trucking company, recently signed long-term leases to occupy the property. Existing tenant Mesilla Valley Transportation, a New Mexico-based …

Acquisitions, Colorado, Industrial, Western

Opus Group Breaks Ground on 282,108 SF Second Phase of Industrial Development in Thornton, Colorado

THORNTON, COLO. — The Opus Group has broken ground on two speculative industrial buildings in Thornton, 10 miles north of Denver. The buildings, totaling 282,108 square feet, are the second phase of North Washington Commerce Center. The multi-tenant park offers a variety of sizes, clear heights and loading options.The 163,686-square-foot building will offer 35 dock positions, 270 parking stalls, 15 trailer parking spots and four drive-in doors. The 118,422-square-foot building will offer …

Colorado, Industrial, Western

NorthMarq Secures Nearly $60.1M in Acquisition Financing for Office Portfolio in Denver

DENVER — NorthMarq has secured nearly $60.1 million in acquisition financing through a credit union for a two-property office portfolio in the Denver Tech Center submarket. The office portfolio includes the 273,963-square-foot Stanford Place I, financed for nearly $37. 7 million, and the 202,158-square-foot Yosemite, financed for $22.4 million.Stanford Place I, located at 8055 E. Tufts Ave., is a 14-story building that is approximately a quarter mile from I-25 and I-225. Yosemite, located …

Acquisitions, Colorado, Office, Western
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