Prospective Buyers Are Feeling More Optimistic
According to a recent survey by Prudential Real Estate and Relocations Services, Inc., consumers believe the market is improving. (more…)
Archive for the ‘Business Transactions’ Category
Significant Real Estate Transactions in Aspen and Pitkin County
These sales were recorded in Pitkin County from April 7th to April 14th, 2010. For a full market analysis or more details, contact Jen at Jen@JenEngel.com or 970/618.7319.
Property: 1682 Red Mountain Road (Aspen). Photographed here.
Sold Price:$9,450,000
Real Estate Activity at Monarch on the Park in Aspen
Monarch on the Park is one of Aspen’s newest developments in Aspen’s Central Core. Built as part of the Limelight Lodge’s redevelopment, Monarch on the Park consists of 14 condos, all with beautiful, contemporary finishes. (more…)
El Jebel Development Sold for $16.5 Million
The Roaring Fork Valley was not immune to the recent economic strife that has been felt throughout the country, but recent activity gives hope that the bottom has been reached mid-valley. Shadowrock Townhomes, a townhouse project located mid-valley in El Jebel, was recently sold to another developer with high hopes of completing the project in the next 40 months. (more…)
Limelight Lodge Sold to Aspen Skiing Co.
UPDATE: the sale of the Limelight Lodge was official on April 13th, 2010. Aspen Skiing Co. purchased the property and hotel operations for $37.9 million. Retaining 97% of the employees who wished to stay, Aspen Skiing Co. also hired a new General Manager. Richard Stettner from Denver will be taking over the leadership position for this property.
In addition, two of the three penthouses are under contract and are scheduled to close by June, 2010.
Significant Real Estate Transactions in Aspen and Pitkin County
These sales were recorded in Pitkin County from March 30th to April 6th, 2010. For a full market analysis or more details, contact Jen at Jen@JenEngel.com or 970/618.7319.
Property: 61 Timber Ridge Lane, Two Creeks Subdivision-Lot 28 (Snowmass Village) Photographed here.
Sold Price:$9,040,000 (more…)
Lodge at Aspen Mountain Sold for $15 Million
- Proposed Hotel
A new ownership group purchased the Lodge at Aspen Mountain last week for $15 million, according to Pitkin County public records. The proposed hotel site received a lot of attention over the past five years, along with the revitalization of the Lift 1-A area of Aspen. (more…)
Significant Real Estate Sales in Aspen and Pitkin County
There were six sales in Aspen and Pitkin County during the week of March 16th - 22nd that were significant, up from the previous two week periods. See transactions listed below.
For more details, please contact Jen at Jen@JenEngel.com or via phone at 970.205.2206.
Property: 917 S. Mill Street, Aspen (Top of Mill Townhome E) Photographed here
Sold Price: $6,850,000 (more…)
Aspen has a new choice for Affordable Housing Compliance
The City of Aspen has been seen as an opponent to development in recent years, with more rules and regulations for building and less exceptions to those rules. As reported in The Aspen Times this week, Aspen City Council unanimously voted for a new option to help builders comply with the affordable housing regulation, which will hopefully spur new development in the City of Aspen. (more…)
Whole Foods Signs New Deal in Basalt
It’s official – Whole Foods Market has signed a new agreement to open a store at Willits Town Center in Basalt. No details have been released yet regarding the store size, the terms of the agreement and the projected opening date, although a source says more details are expected to be released this week. (more…)