A three-building Class A medical office campus in Colorado Springs sold to a full-service real estate company that acquires, develops, leases and manages health care real estate across the United States. MBRE Healthcare purchased Union Medical Office Plaza, a 149,428-square-foot building at 1625, 1633 and 1644 Medical Center Point, for a total of $33.63 million, […]

Last month, GE Johnson installed the final steel beam on the Switchbacks FC Stadium, located in downtown Colorado Springs. Per tradition, the beam was flanked by the American and Colorado state flags as well as the Switchbacks official flag and an evergreen tree.

A single-tenant, triple-net leased property – part of the Markets at Mesa Ridge shopping center in Fountain – sold for $1.93 million. ​The 10,000-square-foot Dollar Tree is located at 6955 Mesa Ridge Parkway, just south of Colorado Springs and in close proximity to Fountain’s primary employer – Fort Carson. ​Constructed as a build-to-suit for Dollar […]

A California investment group made its first Colorado acquisition with its purchase of a value-add Colorado Springs apartment community. PLC Apartments of Newport Beach, California, paid $21.9 million, or $130,357 per unit, for The Centre Apartments. Located at 1921 E. Van Buren St., the 168-community, built in 1952, was a sought-after asset by both in-…

It’s a new high watermark for multifamily in the Colorado Springs market. The Champions at Norwood apartment community recently sold at the highest total sales price and second-highest per-unit price ever for a multifamily asset in the Southern Colorado city. According to public records, Champions TIC I LLC paid $86.8 million for the 332-unit community…

Crossbeam Capital doubled its Colorado Springs multifamily holdings with its purchase of the Aviator apartment community. The firm purchased the 147-unit community at 1670 N. Murray Blvd. from Vukota Capital Management. It paid $21.5 million, or $146,258 per unit, for the community built in 1971. The workforce housing community had been updated within the last…

A Santa Barbara, California based buyer is making its mark on Colorado Springs with not only its second apartment acquisition in the market but also its second of a prestabilized asset in the city. NALS Apartment Homes, a fully integrated real estate investment firm, purchased the Watermark on Union apartment community, renamed Aliso Briargate, for…

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When a retail center loses a major anchor, there is a ripple effect that goes well beyond the closed doors of the big-box space. It spreads to the in-line retailers, the nearby retail centers, the owner’s own