Flywheel to start spec office development

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 […]

Jennifer Hayes

November 30, 2020

Townhouse Apartments property trades for $8.7 million

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 […]

Jennifer Hayes

November 16, 2020

Patriot Park VI office sells for $24.25 million

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’ […]

Jennifer Hayes

November 2, 2020

Southern Colorado’s The Mae on Cascade Sets New Standard in Urban Living

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.

Building Dialogue

October 18, 2020

Former Toys R Us bldg. sells for conversion to mini storage

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 […]

Jennifer Hayes

October 4, 2020

The U.S. Olympic and Paralympic Museum Opens in Colorado Springs

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.

CREJ

September 20, 2020

Volta at Voyager sale sets record

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 […]

Jennifer Hayes

September 14, 2020

Pandemic impacts Springs retail market

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 […]

Jennifer Hayes

September 14, 2020

Northrop Grumman leases 99,359 square feet in Interquest

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, […]

Jennifer Hayes

September 7, 2020

Oak Coast invests in Colorado Springs with Cottonwood buy

Oak Coast Properties continues to add to its Colorado portfolio with its purchase of Cottonwood Terrace. The Southern California based investment firm paid $37.25 million for the 200-unit community at 2864 Dublin Blvd. – its first Colorado Springs community – where it is planning a $1.5 million renovation to the property as part of a […]

Jennifer Hayes

August 23, 2020