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 […]
Jolene Wollett
June 29, 2020GE 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, 2020Single-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 […]
Jolene Wollett
June 1, 2020California 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-…
Jolene Wollett
April 27, 2020Champions 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…
Jolene Wollett
April 20, 2020Crossbeam 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…
Jolene Wollett
March 30, 2020Watermark 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…
Jolene Wollett
March 16, 2020Amazon buys site in Colorado Springs
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Jolene Wollett
March 1, 2020The 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, 2020Woodmen Office Campus II trades for $6.62 million
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Jolene Wollett
February 16, 2020