LONGMONT, COLO. — Thompson Thrift has completed the sale of Notch66, a 336-unit apartment property in Longmont. Scottsdale, Ariz.-based The Wolff Co., through its core-plus acquisition vehicle, purchased the asset for an undisclosed price. Developed with equity from Watermark 2021 Development Fund III, Notch66 features one-, two- and three-bedroom apartments with quartz countertops, stainless steel appliances, hardwood-style flooring, full-size washers/dryers, walk-in closets and private yards and detached garages in select units. Community amenities include a clubhouse with resident gathering spaces, a heated resort-style swimming pool, a fully equipped fitness center, community-wide Wi-Fi and a dog park. At the time of sale, the property was 93 percent leased. Situated on 18.4 acres at 2514 Main St., Notch66 was completed in June 2024. Shane Ozment, Terrance Hunt, Chris Hart and Brad Schafer of CBRE represented the seller in the deal.
SAN DIEGO — HP Investors has received $19 million in recapitalization financing for Gaslamp Square, a retail property at 405 5th Ave. in San Diego. Scott Peterson, Bill Chiles, Brian Cruz and Colby Matzke of CBRE arranged a floating-rate loan on behalf of the borrower. The financing features a multi-year interest-only period and a competitive structure with a maturity in 2029. Gaslamp Square features 54,856 square feet spanning a full block at 5th Avenue and J Street in downtown San Diego’s Gaslamp Quarter. The asset consists of retail condominiums and a 243-stall subterranean parking garage.
INDIO, CALIF. — CBRE has brokered the sale of a 46,220-square-foot industrial building located at 82309 Market St. in Indio. A Los Angeles-based 1031 exchange buyer acquired the asset from an undisclosed seller for $7.2 million. Sammy Cemo, Austin Reuland, Anthony DeLorenzo and Wes Jones of CBRE represented the seller in the deal. Situated on 2.1 acres, the building includes 38,120 square feet of warehouse space and 8,100 square feet of office space. The warehouse portion of the property features 20-foot to 24-foot clear heights, four grade-level doors, two dock-high doors and a fully fenced, gated concrete tuck court. The current tenant recently renewed its lease at the property.
DENVER — The U.S. retail real estate sector is continuing to move forward — but with caution. While the industry’s fundamentals remain relatively healthy, retailers and investors are evolving their strategies and adapting to shifting consumer behaviors, according to Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver. IRR’s 2026 Retail Report explores the trends shaping the transformation of retail real estate, and where the sector is headed next. Consumer spending has shifted, largely because of macroeconomic machinations like inflation and slower job growth. Higher-income earners still have the ability to spend, but price-conscious consumers are increasingly trying to maximize value for their dollar at discount grocery and convenience stores. IRR notes that the retail sector posted 1.7 million square feet of positive net absorption nationally, which outpaced new construction more than twelvefold at 214,00 square feet. In the third quarter of 2025, the national vacancy rate slightly declined, coming in at 10.4 percent. Anthony Graziano, CEO of IRR, emphasizes that while leasing is healthy, store closures are masking the improvement. “E-commerce pressure, retailer bankruptcies and ongoing drugstore consolidation have released significant space back into the market, and until that churn settles, vacancy will look more …
COMMERCE CITY, COLO. — Lincoln Property Co. has received $77.1 million in total project financing for Commerce Yards, a Class A industrial development located at 9401 Heinz Way in Commerce City. JLL secured the financing package, which included a joint venture from a confidential partner and a construction loan from First Horizon Bank. JLL’s Peter Merrion, Rob Key and Will Mogk led the equity placement process. Leon McBroom and Jim Curtin of JLL executed the debt placement for the borrower. Spanning 46 acres, the low-coverage warehouse project will offer 466,00 square feet of industrial space spread across three buildings ranging from 113,000 square feet to 200,000 square feet, with 14 acres of dedicated secured yard space for outdoor storage. The project’s zoning allows 50 percent of the site for outdoor storage. Each building will offer 28- to 32-foot clear heights with rear-load configurations, generous loading positions and 4,000 amps of power. Additionally, the property is rail-serviceable and located within an Enterprise Zone, offering tax benefits to tenants. Construction is slated to begin in April, with completion expected by May 2027.
SALT LAKE CITY — On behalf of Lotus Co., Dwight Capital has provided a $60 million HUD 221(d)(4) new construction loan for Lotus Alchemy, a 184-unit apartment development in downtown Salt Lake City. The nonrecourse loan will feature interest-only payments for 24 months and automatically convert to a 40-year fully amortizing loan. The project will include a six-story residential building with a two-level parking garage. The ground floor will include approximately 9,000 square feet of commercial space across three retail units, including a restaurant, and a 2,700-square-foot lobby and leasing office. The third floor will feature an amenity deck with a resort-style pool and spa, a two-story fitness center and a clubhouse with a game loft. Floors four through six will be connected via a sky bridge spanning the central courtyard with panoramic views of the Wasatch Mountains. Additional amenities will include a dog wash, walking path, barbecue station and a community fire pit.
SANTEE, CALIF. — CBRE has brokered the sale of La Roca Plaza, an apartment property in Santee. Casa La Roca Apartments LLC acquired the asset from La Roca Plaza LP for $26.5 million. Situated on 4.6 acres, La Roca Plaza offers 100 one-, two- and three-bedroom floor plans. Community amenities include a pool, playground, central courtyard, onsite laundry, high-speed internet access and 154 onsite street parking spaces. Conor Brennan and Rachel Parsons of CBRE represented both the seller and buyer in the deal.
LOS ANGELES — JLL Capital Markets has directed the sale of Embassy Plaza, a neighborhood retail center in Los Angeles’ North Hollywood submarket. A Los Angeles-based family office acquired the asset from a private seller for $20.3 million. Located at 6050-6140 Lankershim Blvd., Embassy Plaza features 70,121 square feet of retail space anchored by Superior Grocers. At the time of sale, the property was 67 percent occupied. Current tenants include Starbucks Coffee, T-Mobile, Little Caesars and additional shops. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the buyer in the transaction.
BRENTWOOD AND CULVER CITY, CALIF. — TruAmerica Multifamily has acquired two apartment communities in West Los Angeles — Luxe Villas in Brentwood and Haven Apartments in Culver City. Terms of the transactions were not disclosed. Originally built in 2006 and renovated in 2022, Luxe Villas features one one-bedroom unit, 53 two-bedroom units and six former two- and three-bedroom units currently operating as 18 co-living suites. Community amenities include a rooftop lounge, central courtyard with lounge seating, electric vehicle charging stations and gated parking. Haven Apartments, which was built in 2019, offers 97 studio, one-, two- and three-bedroom layouts and 13,183 square feet of fully leased ground-floor retail space. Onsite amenities include a pool, spa, meditation lounge, clubroom with fireplace, outdoor courtyards with grills and fire pits, a rooftop deck with private cabanas, a billiards lounge, dog run and secure gated access. Orangetheory Fitness, Red Diamond Yoga, Papaya Pet Care and Karak House Coffee occupy the retail space. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors (IPA), a division of Marcus & Millichap, facilitated both sales, while IPA’s Brian Eisendrath and Jake Vitta advised TruAmerica on the debt for each property.
ENGLEWOOD, COLO. — Knightsbridge Capital and Westside Investment Partners have acquired 400 Inverness, a Class A office building in Englewood. Terms of the transaction were not released. JLL represented the undisclosed seller in the sale, while Colliers advised the seller on leasing. The buyers received acquisition financing through FirstBank, now part of PNC Bank. Located at 400 Inverness Parkway, 400 Inverness offers 112,198 square feet of office space that was originally built in 1997 and most recently renovated in 2025. At the time of acquisition, the property was 93 percent occupied. The ownership group plans to implement a value-enhancement program focused on building upgrades, as well as pursuing proactive leasing initiatives to strengthen the property’s long-term tenancy and cash flow profile.