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Tag Archive | "investment"

Griffis/Blessing buys Broomfield apartments

Tuesday, January 8, 2013

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Colorado Springs-based Griffis/Blessing, Inc. purchased  a 216-unit apartment complex in Broomfield in late December. The complex, Willow Run Village Apartments, was built in 1999 and sits on 10.65 acres. It is a mix of 48 one-bedroom, 120 two-bedroom, and 48 three-bedroom units. Community amenities include a clubhouse, fitness center, swimming pool, spa, dog park, sand [...]

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Investors buy 5 properties

Thursday, September 6, 2012

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Investors bought five of the 28 properties that sold in the El Paso County Public Trustee foreclosure sale Wednesday, Sept. 5. The others were sold to the original lenders. Alan McMullen paid $214,600 for a 2,073-square-foot two-story home built in 1996 at 1416 Heidi Ln. (80907). That was more than lender The Bank of New [...]

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Lakewood investor buys Rustic Hills-area apartments cheap

Monday, October 17, 2011

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A Lakewood real estate investment firm purchased the Rustic Hills Park Apartments for $4.2 million last week. The 243-unit complex was one of the last distressed properties on the market in Colorado Springs and sold for just $17,279 per unit or $17.37 per square foot, according to a release from Apartment Realty Advisors, which brokered [...]

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Mountain Real Estate buys Promontory Pointe development

Monday, October 10, 2011

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Mountain Real Estate Capital closed on an investment with Classic Homes of Colorado Springs to develop Promontory Pointe, a 267-lot community located in Monument, Colo. Promontory Pointe was originally developed as a John Laing Homes community and had been tied up in bankruptcy since 2009, according to a release from Mountain Real Estate. Classic Homes [...]

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