Progressive joins Offices at Victory Ridge development
The first Class A speculative office development in more than a decade in Colorado Springs now has its first tenant. Progressive Casualty Insurance Co. signed an 18,089-square-foot lease at The Offices at Victory Ridge, a two-building, 145,053-sf office and retail development at 10855 Hidden Pool Heights. “The Offices at Victory Ridge is the first Class…
Jolene Wollett
February 16, 2020
Military housing turned apartments sells for $26.1 million
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Jolene Wollett
February 10, 2020
Tertiary markets see influx of investment activity
As we enter 2020 in the longest bull market run since World War II, there is little question we have entered uncharted waters in the investment landscape, particularly for those of us in the multihousing space.
CREJ
February 9, 2020
One330 Apartments fetch $37.1M in off-market deal
A newly built multifamily community in Colorado Springs sold to an Atlanta-based buyer for $37.1 million, or $249,000 per unit. Cortland Partners purchased One330 Apartments at 1330 Kelly Johnson Blvd. in an off-market transaction. The 149-unit community was in lease-up at the time of sale. “One330 is situated in a well-established area of central Colorado…
Jolene Wollett
January 19, 2020
Kneaders Bakery and Café sells at 5.12% cap rate
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Jolene Wollett
January 13, 2020
Berkadia arranges loan for self-storage facility purchase
This post is only available to subscribers of the the Colorado Real Estate Journal. If you have a subscription, please log in to view this post. If you do not […]
Jolene Wollett
January 6, 2020
Advenir at Spring Canyon apts. sell for $69.3 million
A new buyer to the Colorado Springs market purchased the Advenir at Spring Canyon apartment community at record pricing. Benedict Canyon Equities paid $69.3 million, according to public records, for the 292-unit community at 4510 Spring Canyon Heights. At $237,329 per unit, the price appears to be a record per-unit price paid for 1990s product…
Jolene Wollett
January 6, 2020
Westgate project adds Candlewood Suites
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Jolene Wollett
December 30, 2019
Garden of the Gods Plaza retail center sells for $11.54M
A Florida-based operating entity made its first Colorado Springs acquisition and second in Colorado with its purchase of Garden of the Gods Plaza. The buyer paid $11.54 million for the seven-building, 96,314-square foot shopping center at 975-1045 Garden of the Gods Road in Colorado Springs. “This is a multi-building asset right on Garden of the…
Jolene Wollett
December 23, 2019
Colorado Springs enjoys a downtown revival
You’ve seen it in Denver – now it is happening in downtown Colorado Springs. An international attraction is opening soon, the U.S. Olympic Museum and Hall of Fame. A new downtown
CREJ
December 9, 2019
