Amenities of the rich and famous

Finding a management team that shares the owners’ vision on a project such as converting the Mining Exchange and its neighboring buildings into a boutique hotel is not an easy task. Anticipating that challenge, co-owner Perry Sanders hired Tyler Sherman, the former operations manager at Denver’s Hotel Teatro. “We’ll begin marketing the hotel and conference […]

D&B Precision Products makes major purchase

D&B Precision Products purchased this two-building complex for $1.2 million. A growing family owned company, D&B Precision Products, has purchased a 20,250-square-foot, two-building manufacturing facility at 55, 65, 75 and 85 Mount View Lane for $1.2 million. The seller, M.C. Leasing LLLP, was represented by Mike Helwege and Steve Bach of Bach Real Estate Partners. […]

Springs-based Escalante Golf adds to boutique portfolio

Some real estate transactions defy otherwise cloudy economic forecasts. Take golf courses for example. This week, Escalante Golf, the general partner and ownership group for the Pine Creek Golf Club and other “boutique” golf clubs throughout the country, announced that it has acquired the Country Club of the North in Dayton, Ohio, from Oak Tree […]

ERA Shields Real Estate, Stuart Scott Ltd. join forces

It must be the season for real estate companies to reallocate, relocate and revamp their line-ups and strategies. At least two companies made real estate history this month. Take ERA Shields Real Estate’s recent acquisition of Stuart Scott Ltd, for example. Bill Hurt began his career as a broker with Cres and Mary Shields during […]

Greccio adds to multifamily portfolio with foreclosure purchases

Two bank-owned foreclosure properties have been purchased by a partnership group that includes Greccio Housing, Partners in Housing and Rocky Mountain Community Land Trust. The purchases were made possible by federal Housing and Urban Development Neighborhood Stabilization Program grants. The partnership purchased Bentley Commons for $1.7 million from Bank of the West. The property, at […]

El Paso Corp. decides to retain downtown digs

A 211,000-square-foot lease renewal is always news, but this time it’s a headline-maker for stakeholders of the downtown business community. Houston-based El Paso Corp.– Western Pipeline (and its predecessor, Colorado Interstate Gas Co.) has been a tenant in the Colorado Square Building at 2 N. Nevada Ave. since shortly after the structure was built during […]

Recessionary chutzpah: Two subcontractors get creative

With July 2009 construction spending down more than 10 percent compared to a year ago, only manufacturing and power projects have seen a year-over-year up-tick, according to the Census Bureau. As a result, the market for residential and commercial subcontractor services has contracted as well. But two companies are refusing to take the recession sitting […]

Colorado Mountain Brewery ready for take-off at Interquest

A local development partnership will break ground this month on a $3.2 million restaurant and bar just west of the Hollywood Theater and planned Renaissance Hotel off Interquest Parkway. The 6,500-square-foot Colorado Mountain Brewery, with more than 3,000 square feet of outside patio dining space, is designed for casual and family dining and will feature […]

City’s acquisition of White Acres gets green light

There’s real estate, and then there’s incomparable and one-of-a-kind Colorado terra firma. In a move to preserve some of the city’s prime land for open space and parks, the El Paso County Board of Commissioners has approved a zoning change that clears the way for the City of Colorado Springs to acquire 42.5 acres of […]

G.E. Johnson wrapping up USOC, moving to new projects

With the U.S. Olympic Committee headquarters building shell nearing completion, G.E. Johnson Construction is turning its sights to new projects. The first, a 430,000-square-foot apartment complex near Denver University at 2100 S. University Blvd. is scheduled to break ground next spring. The project’s developer is the Urban West Group. The 11-story building was designed by […]

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