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…
Jolene Wollett
July 19, 2019Construction 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…
Jolene Wollett
July 6, 2019Sierra Nevada, TMC sign on at Airport Business Center
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Jolene Wollett
June 22, 2019Fairfield 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…
Jolene Wollett
May 17, 2019Patriot Park office building trades for $9.15 million
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Jolene Wollett
May 5, 2019Partnership purchases Fountain apartment property
A partnership recently picked up a Fountain apartment property at a price topping $2 million.
Jolene Wollett
April 21, 2019Overlook 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.
Jolene Wollett
March 17, 2019In-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.
Jolene Wollett
March 10, 2019Centura 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.
Jolene Wollett
March 3, 2019Growth 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 Dialogue
February 25, 2019