Union Medical Office Plaza sells for $33.63M

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, […]

Jennifer Hayes

June 29, 2020

GE Johnson tops out Switchbacks FC Stadium

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.

Kris Oppermann Stern

June 21, 2020

Single-tenant retail property in Fountain sells for $193 per sf

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 […]

Jennifer Hayes

June 1, 2020

California buyer makes first Colo. purchase in the Springs

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-…

Jennifer Hayes

April 27, 2020

Champions sets mark for apts. in Springs

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…

Jennifer Hayes

April 20, 2020

Crossbeam Capital pays $21.5 million for Aviator

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…

Jennifer Hayes

March 30, 2020

Watermark on Union trades at record price

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…

Jennifer Hayes

March 16, 2020

Amazon buys site in Colorado Springs

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Jennifer Hayes

March 1, 2020

The ripple effect of a center’s creative turnaround

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

CREJ

February 17, 2020

Woodmen Office Campus II trades for $6.62 million

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Jennifer Hayes

February 16, 2020