NoCo Newsletter | May 30, 2024
Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings news of a new exotic car concept, recent real estate transactions, positive Colorado job growth, and more.
REAL ESTATE & BUSINESS NEWS
- NAI Affinity Announces Endless Garage Acquires Building at Loveland Yards for Exotic Car Concept with Restaurant
- “NAI Affinity a leading real estate firm specializing in commercial properties, is pleased to announce their clients purchase of a 25,000+ sq. ft. building at the Loveland Yards. This acquisition marks the beginning of an innovative venture that will redefine the automotive and culinary landscape in the region. The purchased building, located at 5600 McWhinney Blvd, Building E in Loveland will undergo a transformation like no other. Justin Summers of Endless Garage has envisioned a new concept that will seamlessly blend Four distinct yet complementary experiences under one roof.” (NAI Affinity)
NAI Affinity’s Tom Reznik expertly worked as the buyer’s representative for this transaction.
- Texas Auto Dealer Buys Porsche Fort Collins
- “John Carroll was 15 years old and working for his father, Ed Carroll, when the family’s dealership sold its first Porsche. Now, 45 years and about 3,200 transactions later, the dealership has sold its last Porsche under Carroll’s ownership; Porche Fort Collins is now owned by the Houston-based IndiGo Auto Group — IndiGo’s first venture into Colorado.” (BizWest)
- Anheuser-Busch to Invest $15M in Fort Collins Production-Line Improvements
- “Anheuser-Busch Cos. LLC plans to spend $15.5 million to upgrade its bottling lines at its Fort Collins brewery. The investment will allow the beer giant to shift away from a packed-glass bottling process, which involves secondary packaging materials such as cardboard cases and partitions, toward a bulk-glass process in which bottles are stacked directly onto pallets.”(Loveland Reporter-Herald)
- What’s Going on the Old North College Albertsons? URA to Consider Eminent Domain
- “Once an Albertsons, a 50,000-square-foot building in north Fort Collins is starting its second decade devoid of business. A plan to try and spur redevelopment — possibly into a community center or housing — has been in the works for more than a year. And now, obtaining the land without the owner’s consent in order to do that could be on the table” (The Coloradoan)
- Loveland’s Sweet Heart Winery Sells to New Owners
- “Sweet Heart Winery & Event Center has changed hands, but its master winemaker will continue under the new ownership.” (Bizwest)
ECONOMIC & EMPLOYMENT NEWS
- Greeley Set to Accelerate Business Startups with Nationwide Venture Capital Program
- “The city of Greeley this fall will amp up entrepreneurial and business support to help small startups accelerate to the next level through a partnership with a global venture firm and startup accelerator. The grand design is to grow entrepreneurs’ ideas into viable businesses to help diversify Greeley’s future economy and create jobs.” (BizWest)
- Colorado Job, Income Growth Shine even as Inflation Casts Shadows
- “Colorado’s economy remains strong, with the state ranked 15th nationally in job growth the first few months of 2024, but persistent higher inflation and interest rates are taking a toll on small businesses and consumers.” (The Denver Post)
- Major Retailers are Offering Summer Deals to Entice Inflation-Weary Shoppers
- “Major retailers are stepping up discounts heading into the summer months, hoping to entice inflation-weary shoppers into opening their wallets. Target, Walmart and other chains have rolled out price cuts — some permanent, others temporary — with the stated aim of giving their customers some relief. The reductions, which mostly involve groceries, are getting introduced as inflation showed its first sign of easing this year but not enough for consumers who are struggling to pay for basic necessities as well as rent and car insurance.” (The Denver Post)
- Colorado’s Best Places to Live, According to U.S. News and World Report
- “Colorado scored two cites in the top 10 and four in the top 40 of the U.S. News & World Report’s latest Best Places to Live in the U.S. The report, which was released Tuesday, May 21, explores how 150 top U.S. cities measure up when it comes to such things as affordability, job market, desirability, net migration and quality of life.” (The Coloradoan)
COMMUNITY & OTHER INDUSTRY NEWS
- Client Testimonials
- Old Town Square No. 4 in USA TODAY 10Best 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 prime commercial land development opportunity
located at the NEC of Interstate 25 and Highway 392, in Windsor, CO (“Sites”). These Sites
are located within The Ptarmigan master-planned golf community at the entrance to Windsor
and Fort Collins, CO. This high income ($180K Avg. HH Income) area also benefits from
convenient access via Interstate 25 and Highway 392, two major thoroughfares leading to
surrounding communities such as Fort Collins, Loveland, Johnstown, Timnath and downtown
Windsor. Available Sites are well suited for a variety of uses such as commercial, retail, office,
medical, hospitality and more. Click here to learn more about this opportunity.
See previous newsletters here.
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