The first multifamily community constructed in downtown Colorado Springs since the 1960s sold to local buyers planning to continue the legacy of the property. Local buyers Ray, Tim and Brian Rhodes paid $13 million, or $393,393 per unit, according to public records, for Blue Dot Place, a 33-unit community at 412 S. Nevada Ave. The […]

The first speculative office development in nearly a decade in Colorado Springs is set to break ground in January. Flywheel Capital plans to break ground on Peak Technology Campus, a 210,000-square foot, Class A project in Peak Innovation Park, the 900-acre master-planned business park at the entrance of the Colorado Springs Airport. The spec development […]

A 54-unit apartment property in Colorado Springs sold in an $8.7 million transaction. According to public records, BHC Associates purchased The Townhouse Apartments from Akhtar Mohammad Khalid. Patrick Knowlton of Nexus Commercial Realty LLC represented both the buyer and seller. Located at 3125 E. Fountain Blvd. and 1215 Shasta Drive, close to Highway 24, The […]

A Virginia-based private investment group made its first Colorado acquisition with its record-setting purchase of Patriot Park VI. The 103,970-square-foot office building at 655 Space Center Drive in Colorado Springs sold for $24.25 million, according to public records – setting what is believed to be a high-water mark for an office building in the Springs’ […]

The Mae on Cascade pays homage to icon and namesake Fannie Mae Duncan. An African-American entrepreneur, philanthropist and community activist, Fannie Mae brought world-class jazz, style and glamour to Colorado Springs in the 1950s and ’60s. As the creator and owner of the Cotton Club, she was a trailblazer – elegant and refined, yet resolute and bold.

Redevelopment is coming to the Citadel area. A long-vacant Toys R Us that was purchased by a partnership last year planning to repurpose it ultimately sold the former retail property to In Self Storage Management LLC, which plans to convert the site to mini storage. The 47,125-square-foot building at 3730 N. Citadel Drive in Colorado […]

The U.S. Olympic and Paralympic Museum is located in Colorado Springs – America’s Olympic City – and is recognized by the U.S. Olympic Committee as the official showcase of Team USA.

A Colorado-based investment group made its first acquisition in Colorado Springs with the highest per-unit price ever for a multifamily asset in the Southern Colorado city. Mountain View Capital paid $52.6 million, or $263,000 per unit, for the 200-unit Volta at Voyager community. The sale of Volta at Voyager just eclipsed the previous highest-per-unit-price of […]

The effects of the COVID-19 pandemic have started to impact the Colorado Springs retail market, according to a recent report by CBRE. The firm’s Colorado Springs Retail Marketview noted that the city’s retail market started to feel the impacts of the coronavirus with declining retail sales and consumer confidence. The market recorded negative net absorption […]

A global aerospace and defense technology company is growing its presence in Colorado Springs. Northrop Grumman Systems Corp. leased 99,359 square feet of office space at 10125 Federal Drive in Interquest. “Anytime you can secure a Fortune 120 company to a long-term lease for approximately 100,000 square feet, you feel pretty good,” commented John Fefley, […]