Partnership pays $41.15M for Springs apts.
A sought-after pair of valueadd apartment communities sold to a partnership making its first purchase in Colorado Springs. The Bascom Group LLC and an affiliate of The Axton Group acquired the Summer Grove Apartments and Tanglewood Apartment Homes. Summer Grove and Tanglewood were built in 1971 and 1972, respectively, and are located at 3802 and…
Jennifer HayesJuly 19, 2019
Construction starts on dual-branded hotel downtown
A dual-branded hotel is taking shape in downtown Colorado Springs. Atlanta-based Hotel Equities and an affiliate of Colorado Springs-based Olive Real Estate Group broke ground on the dual-branded SpringHill Suites by Marriott and Element by Westin at 402 S. Tejon St. Owned by the Olive affiliate, the dual-branded hotel will be the first-ever combination of…
Jennifer HayesJuly 6, 2019
Sierra Nevada, TMC sign on at Airport Business Center
It’s not only near occupancy for the Airport Business Center but also Colorado Springs’ industrial market. Two long-term leases totaling almost 75,000 square feet recently were signed at the four-building, more-than-210,000-sf industrial park at Aviation Way and Zeppelin Road – deals indicative of the level of activity in Colorado Springs’ industrial market. “As soon as…
Jennifer HayesJune 22, 2019
Fairfield hotel in Colorado Springs sells for $10.95 million
A Marriott-flagged hotel in Colorado Springs recently traded hands. The Fairfield Inn & Suites by Marriott Colorado Springs North/ Air Force Academy sold for $10.95 million, according to public records. Hotel Equities, through its affiliate Virtua Partners, purchased the 85-room hotel from Jackson Creek Hotel Holdings LLLP. Hotel Equities operates the hotel and will continue…
Jennifer HayesMay 17, 2019
Patriot Park office building trades for $9.15 million
A fully leased office building in the Patriot Park campus in Colorado Springs recently traded for $9.15 million, or $177 per square foot. A limited liability company led by Robert Blaha, according to public records, purchased the two-story, 51,770-sf office building at 745 Space Center Drive from Crescent Real Estate, which was part of a…
Jennifer HayesMay 5, 2019
Partnership purchases Fountain apartment property
A partnership recently picked up a Fountain apartment property at a price topping $2 million.
Jennifer HayesApril 21, 2019
Overlook sale sets new record in Springs
The buyer paid $66.5 million, or $251,894 per unit, for the community built in 2018, which was 80 percent occupied at the time of sale.
Jennifer HayesMarch 17, 2019
In-N-Out Burger closes on land at Victory Ridge project
In-N-Out Burger officially closed on two parcels of land at the Victory Ridge project in Colorado Springs.
Jennifer HayesMarch 10, 2019
Centura lands Interquest site for $30M
The health care system paid $30 million for a 57.81-acre parcel at the intersection of Interstate 25 and Interquest Parkway, where, in 2020, it is anticipated to start work on a third hospital campus for Centura Health’s Penrose-St. Francis Health Services.
Jennifer HayesMarch 3, 2019
Growth in Colorado Springs Drives Wellness Focus
The charming town of Colorado Springs, founded by Gen. William Jackson Palmer in 1871, has long been a popular destination. The beautiful scenery welcomed U.S. and international visitors, and the plentiful sunshine and dry climate drew those seeking health benefits.
Building DialogueFebruary 25, 2019