Wind River Apartments sold for $7.5M
Vukota Capital recently purchased a second apartment complex in Colorado Springs — Wind River Place located at 919-935 N. 19th St. The sales price was slightly more than $7.5 million. The transaction was brokered by Kevin McKenna and Saul Levy of ARA Newmark. They represented the seller, LocalConstruct, a private real estate investment... Read more
Villages at Woodmen sells for $16.8M
FPA Multifamily sold Villages at Woodmen, a six-building, 183-apartment complex at 1629 E. Woodmen Road for nearly $16.8 million to Vukota Capital Management, a private investment firm. ARA, a Newmark company, helped broker the sale. Vukota Capital owns five properties in the metro Denver area, with Villages at Woodmen its... Read more
Mesa Vista Apartments sold for $3M
Mesa Vista Apartments, a 60-unit apartment community with eight buildings at 2910 Sage St., sold this month for $3 million to Las Vegas-based Cabana Holdings LLC. The seller was Mesa Vista Properties LLC. ARA Newmark Executive Managing Director Kevin McKenna and Associate Saul Levy represented the seller in the... Read more
Spraggins team sells Pueblo apartments for $28M
The Landings at Eagleridge, a 236-unit apartment complex in a gated community north of Pueblo, recently sold for $28 million, according to a news release sent by Ron Spraggins, founder and CEO of Commonwealth, a real estate firm in Colorado Springs specializing in apartments. The team of Ron, Shane... Read more
Construction starts at Forest Lakes
Hundreds of new homes and a commercial development soon will occupy more than 1,000 acres of rolling hills west of Interstate 25, just off Baptist Road. Forest Lakes, an El Paso County subdivision that was on hold while the economy recovered, will eventually have about 475 homes on 867... Read more
Downtown commercial space ‘tightening up’
Simon Penner of CameronButcher Commercial Real Estate brokered a number of leases recently for downtown commercial properties. He represented both the lessee and the lessor on all of them. “Space is tightening up in downtown Colorado Springs,” Penner said. The properties include: • A new quick-serve sushi restaurant at... Read more
Internet helps sell, buy real estate
Today many people begin their search for a new home on the Internet. Over the last decade or so the resources for finding and reviewing properties have increased and improved significantly though some online resources are considerably more reliable than others, according to a release sent this week by... Read more
Commercial lots change hands
Bruce C. Padgett sold his 24,000-square-foot property at 5731 Silverstone Terrace recently to Value Investment Group for $1.3 million. Ted Link of Cascade Commercial was the seller broker and Weston Thomas of Colorado Springs Commercial was the buyer broker. Weichert Realtors recently completed the sale of several properties, all... Read more
Nicklasson and Loo give Blue Dot tours
The two Colorado Springs women behind Blue Dot Place, a 33-unit apartment complex under construction in south downtown, showed their enthusiasm while hosting public tours of their brainchild development on June 18 and June 23. Kathy Loo and Darsey Nicklasson, two halves of BDP Development LLC, together led a... Read more
Commercial property sold
Several commercial properties changed hands in the Pikes Peak region recently. The Jerald M. Barnett Revocable Trust sold its commercial office property at 6040 and 6050 Erin Park Drive for $1.2 million recently. The property sold to Playdate Inc. The seller broker was Aaron Horn of Colorado Springs Commercial,... Read more