NoCo Newsletter | Keeping You Informed on Northern Colorado’s Commercial Real Estate Market | August 15, 2025
Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings news of Weld County investment, local Federal leases, Fort Collins City leadership candidates, and more.
REAL ESTATE & BUSINESS NEWS
- 3 Federal Leases in Fort Collins Have Been Removed From DOGE List
- Coloradoan | “The leases pertain to two departments within the U.S. Department of Agriculture and one for the National Park Service: Animal and Plant Health Inspection Service, 7,803 square feet at 2301 Research Blvd. The U.S. Forest Service, 43,599 square feet at 2150 Centre Ave. The National Park Service, 65,720 square feet at 1201 Oakridge Drive. This building also contains space for the U.S. Fish and Wildlife Service….This development coincides with the announcement that the USDA will consolidate workers into five hubs across the nation, with Fort Collins one of them.”
- Fort Collins URA Officially Owns Old North Albertsons Site, Clearing Way for Redevelopment
- Coloradoan | “The URA, which aims to transform blighted areas using money collected via special taxing districts, closed on the site on July 15, according to a news release. The final purchase price was $6.75 million, said Josh Birks, acting executive director of the URA. The URA had been working on purchasing the parcel, which is on the southeast corner of North College and Willox Lane, since 2022….The URA is in the process of purchasing another North College property to deal with blight and criminal activity. The negotiated price for the Budget Host motel, 1513 N. College Ave., is $2.15 million.”
- Weld Picks $490M Downtown Greeley Project for Offices
- BizWest | “The Weld County commissioners…approved a downtown spot for a new judicial center and a future administrative center—a project with an overall expected cost of $490 million…“West Block is the most efficient path. (It) offers the best overall value, and our historic courthouse reminds us of our legacy,” said Jeff Darnell, president and CEO of Windsor-based Level 5 Collaborative, who county officials hired to help negotiate potential property trades to accommodate the new downtown location.”
- Kodak Alaris Building Sells for $23M in Windsor Area
- BizWest | “Kodak Alaris LLC has sold its buildings on the former Eastman Kodak Co. campus for $23 million, one of the final pieces of the camera product company that once employed more than 3,500 at the site. At the same time, Kodak Alaris is maintaining and growing operations at the site, said Jon Bostock, company CEO. The company now employs 100 people at the facility at 9952 Eastman Park Drive, which produces media kits used in Kodak Moments photo kiosks around the world, Bostock said. Kodak Alaris is a separate company from Eastman Kodak Co., which at one time had 3 million square feet of space at the Windsor campus.”
- Pivot Energy, CU Boulder Break Ground on Solar Project for Campus Decarbonization
- BizWest | “Denver-based renewable-energy power producer Pivot Energy and the University of Colorado Boulder have broken ground for a 5-megawatt direct-current virtual net metering solar project in rural Weld County…at a site five miles northeast of LaSalle….Pivot Energy will develop, own and operate the off-site project, which is expected to be completed early next year. Under a 20-year subscription agreement, CU Boulder will benefit from a virtual net-metering program established by Colorado Senate Bill 21-261 in 2021, which allows the university to subscribe to energy produced off-site and receive credits on its electricity bills along with 100% of the project’s renewable-energy credits. The solar array will also enable CU Boulder to offset its electricity usage and advance its Scope 2 greenhouse gas emissions goals 50% by 2030, and achieve carbon neutrality by 2050. The initiative is cost neutral.”
- Mortgage Rates Slip to Lowest Level of 2025
- WSJ | “Mortgage rates edged down to their lowest level of the year, offering a dash of hope to prospective buyers who have been forced to the sidelines by elevated rates and home prices. The average rate on the standard 30-year fixed mortgage declined to 6.58%, according to a survey of lenders by mortgage-finance firm Freddie Mac. That was a low not seen since October 2024 and down from 6.63% a week earlier. The housing market has been stuck in a rut for the third consecutive year. Sales activity is at its lowest levels in about three decades and home prices have risen again to new highs.”
ECONOMIC & EMPLOYMENT NEWS
- Here’s Who is Running so Far for Fort Collins Mayor, City Council
- Coloradoan | Fort Collins voters will head to the polls on Nov. 4 to elect the mayor and fill three City Council seats. Seven candidates are running for mayor. In the City Council races, three candidates are competing for the District 1 seat, and two candidates each are running for Districts 3 and 5. Races with three or more candidates will use ranked-choice voting for the first time, allowing voters to rank candidates in order of preference. We encourage you to learn about the candidates and the issues shaping our community before casting your ballot.
- Reservoir of Opportunity: How Chimney Hollow Supports Colorado’s Housing Future
- BizWest | “…the reservoir changes the equation. Municipalities in northern Colorado, places like Windsor, Johnstown, and Frederick, are under pressure to grow, but also to grow responsibly. They can’t approve much needed new housing without knowing that they can serve them. And developers can’t invest tens of millions in projects if the water supply is a moving target. Chimney Hollow is a bullseye. It gives predictability to an unpredictable landscape.”
- When People Move Out of Colorado, This is Where They’re Headed, U-Haul Shows
- Coloradoan | “Colorado was listed as a top five origin state for five cities and a top 10 state for 17. The list had heavy western and midwestern flavors, with almost all of the locations west of the Mississippi River. Most are also no farther north than Denver. Cities where Colorado is in the top five states supplying new residents: (1) Kansas City, Missouri: Colorado was No. 2 in sending new residents. (2) Austin: Colorado was No. 3 in sending new residents. (3) Phoenix: Colorado was No. 3 in sending new residents. (4) San Antonio: Colorado was No. 3 in sending new residents. (5) San Diego: Colorado was No. 5 in sending new residents….The top states from which new Denver residents are coming from outside of Colorado are Texas, Arizona, California, Florida, New Mexico, Utah, Illinois, Missouri, Kansas and Washington.”
- U.S. Jobless Claims Fell Last Week
- WSJ | “The number of people seeking unemployment benefits fell to 224,000 in the week through August 9, down from 227,000 a week earlier. Analysts polled by The Wall Street Journal had expected to see 229,000 new jobless claims. The number of continuing claims, a gauge of the size of the unemployed population, fell to 1.95 million in the week through Aug. 2, compared with 1.97 million a week earlier. Continuing-claims data lag the initial-claims report by a week. Though job creation in the economy has slowed, the absence of a big uptick in the weekly claims figures continues to suggest that the labor market is avoiding a sizeable increase in layoffs.”
COMMUNITY & OTHER INDUSTRY NEWS
- Client Testimonials
- Larimer County’s Biggest Private Employers: Here’s Who Makes the List
- Old Town Square No. 4 in USA TODAY 10 Best Readers’ Choice Awards Best Public Squares List
- Most Peaceful Place to Live? Fort Collins Tops the List With Outdoor Recreation, Low Noise
- Here Are 15 Road Projects at the Top of Fort Collins’ List for the Next 10 Years.
- Fort Collins Area Chamber of Commerce: Northern Colorado Economic Overview
- Northern Colorado Boasts Nine of Top 20 Fastest-Growing Communities in State
- 2 Colorado Cities in Top 4 ‘Best Places to Live Rankings
- Denver International Airport Ranked No. 6 in Passenger Traffic Worldwide
- Support Your Local Bold Voice of Business by Contributing to the 13th Annual Moving Fort Collins Forward! Campaign
FEATURED LISTING
NAI Affinity is pleased to present this outstanding interchange development site at the NWC of I-25 and Welker Avenue in Mead, CO. The site is approximately 138± gross acres with approximately 25 developable acres zoned for commercial and approximately 68 developable acres zoned for residential. The adjacency to, and visibility from, I-25 makes this site an appealing location for residential and commercial developers alike. Ideal commercial uses for site include: big box retail, gas station, quick service restaurants, medical, hotel/lodging, farm equipment sales and more.
This rare opportunity features prime real estate in a thriving, fast-growing residential area with convenient proximity to both Northern Colorado and Denver/Boulder. Located just 20 minutes north of Denver in an affluent and expanding community, these sites provide outstanding visibility and access to the heavily traveled Interstate 25 corridor.
Click here to learn more about this prime interchange opportunity!
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