We are incredibly grateful for the relationships we have built with our clients, partners, and community. Your continued confidence and collaboration inspire our team each day, and we are honored to be part of your journey.
In lieu of corporate gifts this year, NAI Affinity has made contributions to local non-profits that are doing meaningful work across Northern Colorado. Supporting the organizations that uplift our region is one way we strive to give back to the place that has given so much to us.
May your holiday season be filled with gratitude, good company, and memorable moments. From all of us at NAI Affinity, thank you for your partnership and trust.
Warm wishes for a joyful holiday season and a successful year ahead.
— The NAI Affinity Team
NoCo Newsletter | Keeping You Informed on Northern Colorado’s Commercial Real Estate Market | December 19, 2025
Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings news of council decisions, vacant box fates, housing regulation, and more.
NAI Affinity | "NAI Affinity... announces the sale of Blue Spruce Ridge—a 42-acre residential development site—within The Ridge, a Caliber-developed master-planned community in Johnstown, Colorado. The property sold for $2.7 million and closed on November 11, 2025. Ryan Schaefer, CEO of NAI Affinity, acted as a Transaction Broker between the buyer, Erie Partners III, LLC, and the seller, Blue Spruce HoldCo, LLC (a CaliberCos Inc related entity)...'Despite a few headwinds from higher builder inventories and sticky interest rates, the sale of Blue Spruce Ridge reflects continued investor confidence in such well-located regional development sites,' said Ryan Schaefer, CEO of NAI Affinity. 'This is one of a handful of such sales that have closed or will be closing in the fourth quarter of 2025, which is indicative of improving market conditions. NAI Affinity is grateful for the opportunity to have been of service to the property owner and the buyer.' "
CREJ | "In comparison to Larimer County, Weld County’s industrial market continues to appear strong in 2025. This is largely due to sustained demand for industrial space in this County in recent years, which has resulted in lower vacancy rates and greater opportunities for new development, making the market particularly attractive. Recent growth in Weld County’s industrial sector has likely been driven by robust e-commerce activity and consumer spending, along with population growth in Weld County, creating favorable market fundamentals... Strategic projects along key corridors, including I-25, Highway 34, and in business parks like Highpointe, highlights the ongoing evolution of the region’s industrial landscape. Overall, with supply growth moderating and tenant demand remaining steady, the market is well-positioned for continued stability and potential rent growth as we move into the next phase of this cycle."
BizWest | Bucking Horse, "A 322-unit apartment complex in east Fort Collins has been sold for $106.35 million...The seller was IPXI MF Bucking Horse Investors LLC, a holding company affiliated with Pennsylvania-based Equus Capital Partners Ltd....(and the) buyer, MREI VI Bucking Horse LLC, (is) an entity of The Milestone Group, which has a Denver office."
BizWest | "Columbine Health Systems has sold five regional facilities to a Skokie, Illinois-based company for a combined $62.26 million...That address is affiliated with (the sale is tied to) Legacy Healthcare and Cascade Capital Group. Legacy operates senior health care facilities around the country, and Cascade is a health care real estate investment company...Columbine still owns and operates: Columbine and Westwood patio homes in Fort Collins and Windsor. The Wexford, The Winslow and The Windsor independent-living facilities in Loveland, Fort Collins and Windsor. Lakeview Commons and New Mercer Commons assisted living facilities in Loveland and Fort Collins."
The Denver Post | "The fate of Denver’s downtown has been an ongoing concern for city officials and business owners alike since the pandemic-forced shutdown pushed office vacancy rates up and sent retail revenue plummeting more than five years ago. Some big steps, like the face-lift of the 16th Street mall, and smaller steps, such as the planned conversion of an office building into apartments, have been taken to inject new life into downtown. The latest effort, by the Denver Downtown Development Authority, to dole out $570 million in voter-approved funds is the biggest swing yet. This year alone, the city has committed more than $160 million across 13 projects aimed at reshaping downtown. This means visitors and residents downtown can expect to see more cafes and ice cream shops, expanded retail, upgraded parks and buildings, and spaces designed to encourage people to linger, explore and return, if proposals submitted to the DDA are approved."
WSJ | "Home sales rose in November for the third straight month, with lower mortgage rates injecting some fresh momentum into the long sluggish housing market. Sales of existing homes rose 0.5% from the prior month to a seasonally adjusted annual rate of 4.13 million, the highest level since February, the National Association of Realtors said Friday. Economists surveyed by The Wall Street Journal had forecast a 0.7% increase. The three consecutive months of rising sales is the longest streak since December 2024...The average 30-year mortgage rate fell slightly to 6.21% this week, according to Freddie Mac, which combined with near-record home prices makes the market still unaffordable for many."
The Denver Post | "The seven states that rely on the Colorado River to supply farms and cities across the U.S. West appear no closer to reaching a consensus on a long-term plan for sharing the dwindling resource. The river’s future was the center of discussions this week at the annual Colorado River Water Users Association conference in Las Vegas, where water leaders from California, Nevada, Arizona, Colorado, New Mexico, Utah and Wyoming gathered alongside federal and tribal officials. It comes after the states blew past a November deadline for a new plan to deal with drought and water shortages after 2026, when current guidelines expire. The U.S. Bureau of Reclamation has set a new deadline of Feb. 14."
CNBC | "A Federal Reserve split over where its priorities should lie cut its key interest rate Wednesday, but signaled a tougher road ahead for further reductions. Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee lowered its key overnight borrowing rate by a quarter percentage point, putting it in a range between 3.5%-3.75%....Stocks rose following the decision, with the Dow Jones Industrial Average adding 500 points. Treasury yields moved mostly lower."
WSJ | "Inflation eased unexpectedly in November, but economists cautioned against reading too much into the report because of gaps in data collection during the long government shutdown. The government’s closure made it impossible for Labor Department workers to collect some of the data they normally would have to compile the report on the consumer-price index...Normally, such a big change in the inflation reading would jolt markets. But investors took the data with a grain of salt. Treasury yields were relatively steady. The core measure of prices, which strips out volatile food and energy costs, increased 2.6%. That was also lower than economists’ expectations."
NAI Affinity is pleased to present this outstanding interchange development site near the SWC of I-25 and Highway 392 in Fort Collins, CO. The site is approximately 22.92± gross acres with potential for a wide range of commercial uses, including retail, fuel/convenience, quick-service restaurants, medical, hospitality, and more. The adjacency to, and easy access from the I-25 interchange makes this site an appealing location for an array of uses. This prominent location is situated in one of Northern Colorado’s fastest-growing and most affluent areas (average household income of $186,000) and benefits from excellent connectivity to nearby communities such as Windsor, Loveland, Johnstown, Timnath, and Fort Collins. With access to two major thoroughfares—Interstate 25 and Highway 392—the property provides a rare opportunity for developers to secure a premier location in a thriving corridor.
Click here to learn more about this development opportunity!
